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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.
Trusts vs. Annuities: Leaving Assets to Heirs
Leaving assets can be particularly tricky with spendthrift heirs or those with personal issues. Here are two financial vehicles to consider.
Physicians: Beware of Investing in a Side Business
The stock market has significant scrutiny and regulation. Side investments, however, are a different story, so be careful where you invest your money.
Financial Service Designations: A Guide for Physicians
The jungle of financial service professionals is a dense one. Here's how to navigate your way out of danger.
Three Financial Products Every Young Physician Needs
There is a "big three" of financial planning that are musts for young physicians beginning their careers.
Physicians: Stop Looking at Your Investment Statements
Looking at your investment statements leads to emotions, which can lead to financially injurious behavior by physicians.
Municipal Bonds and Physicians: 3 Considerations
There are three choices physicians need to make when it comes to investing in municipal bonds. Here's what to consider first.
Physician Retirement Planning: Uncertainty is Inevitable
Physicians should plan for a certain level of income in retirement, but must also accept the many variables they can't control.
How Employed Physicians Can Improve Their Finances
Employed physicians lose many of the tax advantages and other benefits of running their own practice. Here are some ways to counteract the negative effects.
Are Art, Jewelry Good Investments for Physicians?
For many physicians, art and jewelry are good investments — but not necessarily in the financial sense.
Physician Beware: Delayed Annuities with Guarantees
Why physicians may want to proceed cautiously when considering delayed annuities with guaranteed withdrawal benefits.
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