Connect to other sites within the UBM Medica Network
Steven Podnos, MD, CFP, is a critical care physician and fee-only financial planner. He is the principal of Wealth Care LLC in Central Florida. E-mail him here.
How Practices Can Reduce Taxes
How can you reduce taxes if you run a practice? Funding a retirement plan with pretax dollars, an HSA, and more can get you started
Will Your Money Live as Long as You Do?
With people staying healthy and active into their nineties, retired physicians have to figure out how to not run out of money. Here are some strategies.
Thinking About Your Home in Retirement
While people don’t often use home equity, it can be a “buffer” if things go poorly. Here are a few ways to use it as an asset.
The Decreased Cost of Retirement
Many expenses go away or are reduced when you retire. In some cases, you may be able to maintain on 15-30 percent less annual income when you are retired.
Getting Ripped Off by a Broker
Physicians investing with brokerage firms have to be careful not to get ripped off by brokers taking more than their fair share.
Understanding Health Insurance Costs
Helping patients understand they have to pay for their care can be difficult. Here’s a guide that helps break it down.
The Smart Way to be a Contrary Investor
It’s in our nature to want to buy the winners and sell the losers. Successful investing often involves the opposite.
Maybe You Don't Need Life Insurance?
Life insurance is very rarely a good investment. The vast majority of physicians and staff should only buy enough to replace potentially lost income.
Why Use a Certified Financial Planner?
Why using someone with the CFP designation is the correct course of action when looking for advice on finances as a physician.
What Does it Cost to Live in Your House?
It can cost up to 10 percent of the value of a home to live in it each year. Here are a few ways home ownership adds up.
By clicking Accept, you agree to become a member of the UBM Medica Community.