Steven Podnos, MD, CFP

High-income earners sometimes transfer substantial amounts of family assets to their nonworking spouses. Here's why this is a big mistake.

The key difference between a revocable living trust and an irrevocable trust and when and why physicians should consider using them.

Living trusts exist in almost every estate plan, yet their uses and meaning are vague to most. Here is some guidance.

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.

Physicians should have a strong understanding of asset protection. Here are six common mistakes to avoid.

I have seen physicians make many expensive mistakes during the retirement planning process. Here are a few of the most common.

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.

Finding the right balance between saving and spending differs for everyone, but there is one good rule of thumb to follow.

Determining where and how to invest is often a challenging process. Here are some tips for physicians.

Are you doing all you can to ensure financial stability during retirement? Here, a financial planner shares his key advice.

Many doctors experience a large gap between what they typically earn and their disability benefits. Here are five strategies to better protect yourself.

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.

Making smart financial decisions differs greatly from making smart medical and treatment decisions.

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.

The objective phase of financial planning for physicians requires addressing specific financial topics and assessing important documents.

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.

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.

The different compensation arrangements physicians might encounter when interacting with financial planners, as well as what costs are reasonable.

Make sure you are selecting the right individuals to help you thrive financially. Here are three tips.

There are several red flags that physicians need to watch out for before hiring a financial planner.

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.

Financial planning requires constant re-evaluation of many data inputs coupled with new assessments and actions.

Small ways to foster smart money skills in your children during the various stages of childhood and young adulthood.