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.
The Physician Financial Adviser's Hippocratic Oath
As physicians, we take the Hippocratic Oath to swear that we uphold specific ethical standards. Don't you want a financial adviser who has done the same?
College Costs: 3 Common Mistakes Physician Parents Make
Over the years, I have seen many physicians make mistakes when planning for their children's education costs. Here are three of the most common.
Physician Investing Mistake: Too Much Focus on Returns
Trying to compare your investment returns to any given benchmark can be misleading and lead you down the wrong path.
Why Physicians Should Not Put Assets in a Spouse's Name
High-income earners sometimes transfer substantial amounts of family assets to their nonworking spouses. Here's why this is a big mistake.
What Physicians Should Know About Irrevocable Trusts
The key difference between a revocable living trust and an irrevocable trust and when and why physicians should consider using them.
What Physicians Should Know About Living Trusts
Living trusts exist in almost every estate plan, yet their uses and meaning are vague to most. Here is some guidance.
Estate Planning Tips for Physicians: Wills vs. Trusts
Most estate plans contain both a will and a trust or trusts. While both can name beneficiaries for your property, the differences sometimes cause confusion.
Are Your Assets Protected? Six Common Mistakes Made by Physicians
Physicians should have a strong understanding of asset protection. Here are six common mistakes to avoid.
Six Common Physician Retirement Planning Mistakes
I have seen physicians make many expensive mistakes during the retirement planning process. Here are a few of the most common.
Understanding Trusts: The Basics for Physicians
Many physician families that have done estate planning have a "living trust" in their documents. Here's how it works and what it is useful for.
By clicking Accept, you agree to become a member of the UBM Medica Community.