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Financial Management

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December 06, 2024
6 min read
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Spend your money more wisely, inside and outside your practice

Spend your money more wisely, inside and outside your practice

“Every time I am tempted to buy some dopey thing, I hear my late father’s voice, ‘Do you really need that?’”

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December 04, 2024
4 min read
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How to become a medical expert witness and other side hustles for physicians

How to become a medical expert witness and other side hustles for physicians

Many physicians, including those employed by larger institutions and those in private practice, choose to become involved with entrepreneurial activities or engage in “side hustles” at some point in their careers.

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November 25, 2024
4 min read
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Life insurance 101: Understand term vs. permanent policies

Life insurance 101: Understand term vs. permanent policies

Physicians generally use life insurance to achieve certain wealth planning goals — from protecting the family against the risk of a breadwinner’s early death to providing an estate for heirs and more.

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November 15, 2024
4 min read
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Financial planning for orthopedic surgeons: Key milestones to meet at every career stage

Financial planning for orthopedic surgeons: Key milestones to meet at every career stage

As an orthopedic surgeon, your career will be rewarding in many ways, including a personal sense of purpose, ability to help others and the potential for high-earning power.

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November 14, 2024
3 min read
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Diversified portfolios allow for ‘smoother ride’

Diversified portfolios allow for ‘smoother ride’

Why not just invest in one stock and let it ride? That works well if you bet the farm on Apple in 2010 and watched your fortune explode 30 time during the last 14 years.

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November 08, 2024
5 min read
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Outline highlights typical flow for practices to add partner-track associate physician

Outline highlights typical flow for practices to add partner-track associate physician

“Perfect partners don’t exist. Perfect conditions exist for a limited time in which partnerships express themselves best.”

News
November 01, 2024
5 min read
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Financial planning for physicians: Key milestones to meet at every career stage

Financial planning for physicians: Key milestones to meet at every career stage

As a physician, your career will be rewarding in many ways, including a personal sense of purpose, ability to help others and the potential for high-earning power.

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November 01, 2024
3 min read
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Cancer crowdfunding stories often highlight financial hardship

Cancer crowdfunding stories often highlight financial hardship

More than a quarter of cancer-related crowdfunding stories explicitly related experiences of medical financial hardships, according to cross-sectional study results.

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October 23, 2024
5 min read
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Use nonqualified plans with cash value life insurance to achieve retirement goals

Use nonqualified plans with cash value life insurance to achieve retirement goals

Nonqualified plans offer a valuable alternative or supplement to qualified retirement plans for physicians seeking to enhance their retirement savings.

News
October 11, 2024
2 min read
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Power of compound interest: Time is ‘one of your biggest allies’

Power of compound interest: Time is ‘one of your biggest allies’

When investing, time in the market is arguably as important as well-publicized factors, such as rate of return, initial amount of investment (principal) and costs of investing.

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