Personal Finance

Few domestic employers realize they are responsible for the same wide range of legal and tax issues at home that they are in their medical practices.

Employed physicians lose many of the tax advantages and other benefits of running their own practice. Here are some ways to counteract the negative effects.

For many physicians, art and jewelry are good investments - but not necessarily in the financial sense.

Harrison Ford's airplane crash is another unfortunate event that can be used as a teachable moment for physicians and their financial future.

Why physicians may want to proceed cautiously when considering delayed annuities with guaranteed withdrawal benefits.

When attempting to find a great financial adviser, look for many of the qualities you would look for in a great physician.

A real-life example shows us that personal liability insurance and large umbrella policy are vital parts of a strong asset protection plan for physicians.

The 401K plan is the overwhelmingly popular choice of retirement plans for most medical practices. But some may want to consider the Simple IRA.

One of the trickiest aspects of evaluating money and investments is the aspect of time. Have you considered how time could impact the value of your money?

The uncertainty of knowing just how much money one will need over decades of retirement is a challenge faced by most physicians.

The law can limit a physician’s potential income by placing a cap on earnings. Here's when, why, and what physicians should know.

Physician parents must continue to foster smart money skills in their children through the college years. Here are some tips.

As tax season approaches, tax scams targeting doctors once again spike. Here are some basic tips for protecting yourself from criminals and the IRS.

The teenage years are a critical time for children to gain financial independence. Here's how physician parents can help.

Physicians should start fostering money skills in their children from a young age. Here are some techniques to try.

Physicians should take some special precautions if they expect a substantial inheritance. Here's why.

Doctors must understand the basics of asset protection as a key part of their personal and professional success.

Although investment returns rarely are consistent year by year, we can make assumptions based on annualized returns over a period of many years.

Taking the opportunity to review your financial life now could make for a better 2015. Here are 10 questions all physicians should be asking themselves as the year comes to a close.

Physicians may want to think twice prior to purchasing dental insurance. Here's why.

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.