Personal Finance

Do yourself a favor: participate in as many quality programs as make sense for your practice.

With people staying healthy and active into their nineties, retired physicians have to figure out how to not run out of money. Here are some strategies.

While people don’t often use home equity, it can be a “buffer” if things go poorly. Here are a few ways to use it as an asset.

With a large number of physicians planning to retire in the next few years, it will be important for them to plan ahead before hanging it up.

Here are five practical tips for physicians that are planning on retiring in the next few years and don’t want to be ill-prepared.

A common and recurring question I get from doctors is, "How many LLCs do I need?" The best answer requires a fact specific look at your assets.

Do you have a plan if one of your partners in your medical group retires? If not, start devising one today.

Incurring too much personal debt can add to physicians' sense of stress and negatively affect well-being. Here are five simple strategies to take control.

The topic is complex, but understanding rising interest rates is important when evaluating fixed income investments.

I'm often asked how much life insurance physicians require and what type I recommend. Here are my answers.

LLCs can be great tools if used the right way, unfortunately many of them are being actively marketed to doctors for the wrong reasons.

Here are three critical issues to avoid for physicians to buy a home after residency and facing a mountain of student debt.

The OIG fraud alert warns physicians to be wary of compensation arrangements that could violate the Anti-Kickback Statute.

Here are some common financial questions I'm asked that I frankly don't know the answer to, as well as a few I do have guidance on.

Doctors have a lot of valuable personal and professional data on their laptops and other devices. Here are five simple ways to keep that data secure.

One common tool that attorneys and non-attorney promoters alike often use to protect physician assets is the limited liability company or LLC.

Here's a look at the ups and downs of low interest rates and what they mean for physician investors.

Summer is officially upon us and with it comes increased personal liability and safety issues doctors and their families need to consider carefully.

Leaving assets can be particularly tricky with spendthrift heirs or those with personal issues. Here are two financial vehicles to consider.

Many doctors transfer assets to a spouse as part of an asset-protection plan. But, this strategy does not consider what might happen in a divorce.

The stock market has significant scrutiny and regulation. Side investments, however, are a different story, so be careful where you invest your money.

The jungle of financial service professionals is a dense one. Here's how to navigate your way out of danger.

A recent U.S. Tax Court ruling should provide food for thought for physicians accepting guaranteed bonus payments from their hospital employer.

While creditor protection for IRAs is provided by law, there are several other important asset-protection issues doctors need to consider.

There is a "big three" of financial planning that are musts for young physicians beginning their careers.

Looking at your investment statements leads to emotions, which can lead to financially injurious behavior by physicians.

Done incorrectly, big year-end bonuses can result in big trouble, as seen in the case of one Illinois physician.

There are three choices physicians need to make when it comes to investing in municipal bonds. Here's what to consider first.

Physicians should plan for a certain level of income in retirement, but must also accept the many variables they can't control.