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.
What Great Financial Advisers and Physicians Have in Common
When attempting to find a great financial adviser, look for many of the qualities you would look for in a great physician.
Does a Simple IRA Make Sense for Your Medical Practice?
The 401K plan is the overwhelmingly popular choice of retirement plans for most medical practices. But some may want to consider the Simple IRA.
Physicians and Investments: An Often Overlooked Consideration
One of the trickiest aspects of evaluating money and investments is the aspect of time. Have you considered how time could impact the value of your money?
Physician Finance: Determining How Much to Save, Spend
The uncertainty of knowing just how much money one will need over decades of retirement is a challenge faced by most physicians.
Tips for Physicians: Raising Money-Smart Young Adults
Physician parents must continue to foster smart money skills in their children through the college years. Here are some tips.
Tips for Physicians: Raising Money-Smart Teens
The teenage years are a critical time for children to gain financial independence. Here's how physician parents can help.
Tips for Physicians: Raising Money-Smart Kids
Physicians should start fostering money skills in their children from a young age. Here are some techniques to try.
Physicians: Is Your Planned Inheritance Protected?
Physicians should take some special precautions if they expect a substantial inheritance. Here's why.
Three Tips for Physicians Saving for Retirement
Although investment returns rarely are consistent year by year, we can make assumptions based on annualized returns over a period of many years.
Financially Fit for 2015? 10 Questions for Physicians
Taking the opportunity to review your financial life now could make for a better 2015. Here are 10 questions all physicians should be asking themselves as the year comes to a close.
Why Dental Insurance May be a Waste for Some Physicians
Physicians may want to think twice prior to purchasing dental insurance. Here's why.
The Important Insurance Policy Many Physicians Overlook
Umbrella coverage is one of my first and strongest recommendations to physician clients. Here's why.
College Savings Tips for Physician Parents
Although there are many ways to save for a child's college education, I recommend that my clients consider these two methods.
Should Physicians Invest or Pay Off Debt First?
Physician clients often ask whether it is wiser to pay off debt or invest in the stock and bond markets. Here's what I tell them.
The Key to Physician Financial Success
One important skill that helped you become a physician can also help you become financially successful. Unfortunately, many forget it after residency.
Asset Protection Advice for Single Physicians
Single physicians may want to take a different approach to asset protection than married physicians. Here's why and how.
How Physicians Can Get, and Stay, Wealthy: 4 Tips
I have been thinking about the several dozen families in my financial practice that are wealthy, and I have noticed some common themes.
Four Common Financial Blunders Physicians Make
Common types of financial trauma suffered by physicians, and my prescription for how to avoid them.
Four Insurance Coverage Tips for Doctors
The great basic tenet of insurance is to plan for the small possibility of a large loss. Here are some of my other insurance tips for doctors.
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.