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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.
Inadequate Disability Insurance: A Rude Awakening for Many Doctors
Many doctors experience a large gap between what they typically earn and their disability benefits. Here are five strategies to better protect yourself.
Inheriting an IRA Can Present Unexpected Problems for Physicians
Asset protection is an increasing concern for many doctors. Not understanding that a large IRA inherited from a parent is vulnerable could be a tragic error.
Are Physicians Poor Investors?
Making smart financial decisions differs greatly from making smart medical and treatment decisions.
What Physicians Must Know About Financial Planning: The Assessment
During the assessment phase of financial planning, the physician's financial planner will provide recommendations that may lead to a more cohesive and thought out structure.
What Physicians Must Know About Financial Planning: The Objective Phase
The objective phase of financial planning for physicians requires addressing specific financial topics and assessing important documents.
The First Questions Physicians Must Ask, Answer When Financial Planning
I’m repeatedly surprised by the lack of a good plan when I first sit down with medical families, and I think everyone should know what to expect.
How Doctors Can Ensure Financial Advisers Have the Right Credentials
It is shameful that there is no regulation on who can be called a financial adviser. Luckily, there are some credentials to look for that suggest a strong background.
How Doctors Can Determine if they are Overpaying for Financial Advice
The different compensation arrangements physicians might encounter when interacting with financial planners, as well as what costs are reasonable.
Tips for How Physicians Can Make Smart Insurance Decisions
Insurance is often a physician's most expensive annual purchase, yet many pay too much and have inadequate coverage.
How Physicians Can Select a Smart Financial Team
Make sure you are selecting the right individuals to help you thrive financially. Here are three tips.
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