Financial Management

As advisors to physicians throughout the U. S., we often learn what misconceptions physicians have regarding how to protect their assets from potential lawsuits. In this article, I hope to dispel some incorrect assumptions you may have.

“There are no secrets to success. It is the result of preparation, hard work and learning from failure.”

In other articles for Residency for Retirement, we have explained that permanent life insurance, also called cash value life insurance, has tremendous tax, wealth accumulation, asset protection and estate planning benefits.

According to results of a recent poll, 37% of Americans rated their mental health as “fair” or “poor,” up from 31% a year ago, with 26% reporting that they anticipate experiencing more stress as the new year begins, up from 20% a year ago.

The Residency to Retirement resource center offers insightful and innovative strategies to help physicians reduce taxes, protect assets, invest wisely and build wealth during all phases of their careers.

National Cancer Institute Director Monica M. Bertagnolli, MD, FACS, FASCO, announced that she has been diagnosed with early-stage hormone receptor-positive, HER2-negative breast cancer.

Practices may find this short primer on state pass-through entity election and year-end tax tips helpful to determine whether they can benefit from a state tax strategy or create some tax savings before Jan. 1, 2023.

Through the end of September, the S&P 500 had declined three consecutive quarters and lost nearly 24% of its value.

The Renal Physicians Association, the American Society of Nephrology and more than 100 other medical groups have sent a letter to Congress asking legislators to limit the impact of a planned cut in Medicare payments to physicians.

Practices may find this short primer on state pass-through entity election and year-end tax tips helpful to determine whether they can benefit from a state tax strategy or create some tax savings before Jan. 1, 2023.