April 9th 2024
Don't wait! Make sure your wealth is protected.
January 23rd 2024
With tax-day right around the corner we take a final look at scams, mistakes and seasonal risks to avoid while you still can.
August 21st 2023
Your weekly dose of wisdom from the Physicians Practice experts.
July 25th 2023
A look at the personal legal and financial risks of household employees like nannies, housekeepers, gardeners, and babysitters.
May 8th 2023
Five Retirement Planning Tips for Physicians
Are you doing all you can to ensure financial stability during retirement? Here, a financial planner shares his key advice.
Tax Tips for Doctors Volunteering Their Services This Summer
Many physicians travel and volunteer their services. However, if you plan to deduct your volunteer-related expenses, there are rules that you should know about.
Inadequate Disability Insurance: A Rude Awakening for Many Doctors
Many doctors experience a large gap between what they typically earn and their disability benefits. Here are five strategies to better protect yourself.
Finding a Good Asset Protection Lawyer - Questions Doctors Should Ask
One of the biggest challenges facing physicians in obtaining asset protection is selecting qualified counsel. Make sure you do your due diligence.
Inheriting an IRA Can Present Unexpected Problems for Physicians
Asset protection is an increasing concern for many doctors. Not understanding that a large IRA inherited from a parent is vulnerable could be a tragic error.
Physician Disability Policy Check Up: Are You Covered Appropriately?
Understanding the terms and provisions within your disability policy will help you determine if you have the right coverage for your needs.
Asset Protection for Doctors Requires Specialized Legal Help
Asset protection is a vital part of every physician's essential legal and financial plan; unfortunately, most doctors don't know how to pick the right legal help.
Are Physicians Poor Investors?
Making smart financial decisions differs greatly from making smart medical and treatment decisions.
Physicians Should Protect Credit Like Any Other Asset
Despite higher than average incomes and education one asset that physicians surprisingly often fail to protect is their credit.
What Physicians Must Know About Financial Planning: The Assessment
During the assessment phase of financial planning, the physician's financial planner will provide recommendations that may lead to a more cohesive and thought out structure.
Asset Protection Myths: Offshore, International Trusts for Physicians
Offshore or international asset protection trusts can be safe, predictable, and effective, under the right conditions for physicians.
What Physicians Must Know About Financial Planning: The Objective Phase
The objective phase of financial planning for physicians requires addressing specific financial topics and assessing important documents.
Real Estate Investment: How Not to Make Money Like a Doctor
Investment is a different profession than medicine, so please physicians, get help on getting the greatest returns, especially when it comes to real estate.
Financial and Legal Planning Basics for Young Physicians
Despite the wide range of risk and planning issues for physicians to consider, a certain core group of tools is almost universally applicable to all doctors.
The First Questions Physicians Must Ask, Answer When Financial Planning
I’m repeatedly surprised by the lack of a good plan when I first sit down with medical families, and I think everyone should know what to expect.
Physician Group Disability Coverage May Cover Less Than You Think
Four potential drawbacks of group disability protection, and what physicians should do about it.
How Doctors Can Ensure Financial Advisers Have the Right Credentials
It is shameful that there is no regulation on who can be called a financial adviser. Luckily, there are some credentials to look for that suggest a strong background.
The Myth of Secrecy in Asset Protection Planning for Doctors
When it comes to asset protection, keeping investments "secret" does not benefit investors, and may even place them at risk of fraud.
How Doctors Can Determine if they are Overpaying for Financial Advice
The different compensation arrangements physicians might encounter when interacting with financial planners, as well as what costs are reasonable.
Risk Management for Physicians and their Families During Summer
Physicians' liability concerns go far beyond their practice. Traveling and teen drivers in particular pose some specific risks every doctor must be aware of.
Financial Advice for Doctors Bears Careful Scrutiny
Before you commit to a financial plan for your practice, carefully consider your specific risk exposures.
How Physicians Can Select a Smart Financial Team
Make sure you are selecting the right individuals to help you thrive financially. Here are three tips.
Four Deal Breakers for Physicians When Selecting a Financial Planner
There are several red flags that physicians need to watch out for before hiring a financial planner.
Funding a Direct-pay Medical Practice
Fifteen months into a direct-pay practice, this physician recommends building a financial reserve first for any physician considering a similar path.
Six Common Investing Mistakes Made By Physicians
In reviewing physicians' portfolios, I see many of the same investment mistakes over and over. Here are six of the most common, and how you can avoid them.
The Physician's Business Planning Calendar: May and June
As a physician, your business plan should encompass more than just "see more patients and work harder."
Why Physicians Need to Embrace 'Good Enough' Financial Planning
Financial planning requires constant re-evaluation of many data inputs coupled with new assessments and actions.
Cash or Stocks: Deep Risk vs. Shallow Risk for Physicians
Physicians, it is time to reevaluate holding cash for your retirement. Here’s why.
Physicians Should Consider Healthcare Real Estate Investment Trusts
Investing in real estate can sometimes be risky, but in volatile times, healthcare REITs have been viewed as a stable investment.
How American Taxes Are Spent
All rhetoric aside, it is helpful to understand where our tax dollars are being spent.