Personal Finance

Unforeseen long-term care expenses are common in retirement and relying on Medicare, Medicaid, or self-funding may not be prudent. Here are options to consider.

Umbrella coverage is one of my first and strongest recommendations to physician clients. Here's why.

Although there are many ways to save for a child's college education, I recommend that my clients consider these two methods.

Good asset protection goes far beyond mitigating malpractice risks. Some exposures, like financial fraud and identity theft, peak during the holidays.

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.

One important skill that helped you become a physician can also help you become financially successful. Unfortunately, many forget it after residency.

Single physicians may want to take a different approach to asset protection than married physicians. Here's why and how.

I have been thinking about the several dozen families in my financial practice that are wealthy, and I have noticed some common themes.

Common types of financial trauma suffered by physicians, and my prescription for how to avoid them.

The last 60 days of the year are a key selling window for both good and bad tax reduction schemes. Make sure you cover all your bases.

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.

Physicians have a great opportunity to bargain shop for high quality malpractice insurance. But they must remember their priorities, and above all, buy quality.

The end of the year is a time when doctors begin thinking of ways to reduce their income tax exposure. Be wary: it is also a time rife with abusive tax plans.

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?

Physicians who buy a medical practice assume a large spectrum of risk beyond their personal medical malpractice liability.

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.

Selling a medical practice involves vital planning issues beyond the sales transaction. Liability and risk management planning should be part of every financial plan for sellers.

Here are 10 advantages of joining a physician-owned mega group.

Trying to compare your investment returns to any given benchmark can be misleading and lead you down the wrong path.

There are many legal and financial issues beyond the mechanics of the sale transaction that planners must address with medical practice owners and executives.

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.

Physicians in Texas and nationwide are the focus of an income tax fraud scheme. Here's what you need to know to protect yourself and your finances.

Every investment or venture into which a physician enters must be carefully scrutinized to assure compliance with several state and federal laws.

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