Personal Finance

Here are three tips to prepare your medical practice for success in the 21st century.

This week we provide some basic questions you can ask to help qualify your own asset-protection counsel and move towards being protected the right way.

A recent report by NPR's Planet Money team got one thing right and a lot of things wrong when it comes to asset protection.

Physicians and their brokers must avoid being tempted by the low-cost leader “of the moment” and ensure the best medical liability and disability insurance carrier.

Here's a look at the high and low points of withdrawals and distributions of cash and profits from your medical practice.

Here are a few key issues physicians need to start thinking about and talking to their advisors about immediately.

It's time to start thinking about what would happen if a key member of your medical practice were no longer there.

The qualities associated with an excellent physician are not always those associated with successful business people. Here's how you can strive to be both.

Here are just two of the issues that have taken physician practice owners by surprise over the last 12 months.

Here's an answer to a common question from physicians: "How can I quickly figure out what I have exposed at any given time?"

Protecting what you've worked for starts with having the right malpractice insurance, but it doesn't end there. Here's how to mitigate risks coming from all directions.

The “Seven Deadly Sins” easily represent human nature, business, and spending issues you must overcome as a healthcare executive and practice owner.

A look at an insurance-based strategy to protect a medical practice’s income after the individual physicians’ personal assets are well secured.

My advice for very successful doctors who are thinking about investing in real estate: Your profession is medicine, not real estate.

Here are some specific dos and don'ts when it comes to physicians using limited partnerships in a legally defensible way.

There are three lessons all physicians can learn from a story a doctor’s wife recently shared regarding a life-changing incident.

Here are some simple tips and rules for physicians to use your limited partnership in a legal and defensible way.

Here's how to figure out which payback plan will work for you

How to make sure the right person is handling your money

Parents, siblings, and older children failing to plan for their own financial future can impact your own wealth as a physician.

Creating a personal financial plan means making sure your spending is sustainable over the long term

Most physicians and others in healthcare are familiar with living wills and healthcare power of attorney provisions, but neglect these aspects of their own estate planning.

Vacation homes are still a buyer's market. But should you take the plunge?

Changing tax laws and other financial issues are a lot for a physician and his office to keep up with. So what can you do to ensure you follow all the necessary guidelines to protect yourself and your practice? You can ask for some help.

Do you know what a good accountant should be doing for you and your practice? If you don't, you could be losing money and opportunity. Here's how to make sure everything adds up when it comes to your financial counsel.