Personal Finance

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.

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.

There are a variety of financial products of particular relevance to medical practices. Make sure to get the guidance you need to use them wisely.

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

From inadequate cyber insurance to poor RAC audit coverage, many physicians are purchasing policies that could result in big losses down the line.

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

Being able to decide how many days you want to see patients is great for raising kids. But, it can cramp the family budget. How do you balance both?

CMS is proposing to withdraw the Sunshine Act exemption for payments made to healthcare providers who serve as speakers for accredited CME programs.

Get unique insight into the personal and professional lives of physicians through the results of the 2014 Great American Physician Survey, Sponsored by Kareo.

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.

Many doctors are working on selling their practices. Here are four common legal areas that could pose problems.

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

An attempt by CMS to repeal a Sunshine Act exemption for payments made to speakers at accredited CME events has physician associations hopping mad.

A closer look at how retirement plans differ, how they work, and how to determine what is right for your practice.

Becoming a guarantor for medical student loans can place undue strains upon family income and assets. Develop a plan first, before committing to help a loved one.

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