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.
Planning for Physician Retirement: Are You Saving Enough?
Finding the right balance between saving and spending differs for everyone, but there is one good rule of thumb to follow.
The Dos and Don'ts for Physicians When Forming an Investment Portfolio
Determining where and how to invest is often a challenging process. Here are some tips for physicians.
Five Retirement Planning Tips for Physicians
Are you doing all you can to ensure financial stability during retirement? Here, a financial planner shares his key advice.
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.
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.
Four Deal Breakers for Physicians When Selecting a Financial Planner
There are several red flags that physicians need to watch out for before hiring a financial planner.
Six Common Investing Mistakes Made By Physicians
In reviewing physicians' portfolios, I see many of the same investment mistakes over and over. Here are six of the most common, and how you can avoid them.
Why Physicians Need to Embrace 'Good Enough' Financial Planning
Financial planning requires constant re-evaluation of many data inputs coupled with new assessments and actions.
How Physicians Can Foster Smart Money Skills in their Children
Small ways to foster smart money skills in your children during the various stages of childhood and young adulthood.