Financial Management

As we enter the second half of 2024, it is important to understand some tax law changes that became effective this year and could affect your retirement savings and tax planning.

Financial independence is the holy grail, which affords one to work for the sake of working with the peace of mind of knowing they are no longer dependent on a paycheck to maintain their lifestyle.

“Without leaps of imagination, or dreaming, we lose the excitement of possibilities. Dreaming, after all, is a form of planning.”

One of the most important questions physicians will need to answer is whether they will hire a financial advisor to help them manage their wealth or do it themselves.

A physician practice owner’s week is spent seeing and caring for patients and managing the day-to-day issues of the practice.

As part of routine screening for financial hardship, clinicians should discuss an individual’s employment, access to paid leave and health insurance coverage when constructing a treatment plan relating to cancer care.

In the rapidly evolving landscape of investments, it is crucial for physicians to stay informed about alternative asset classes, such as cryptocurrency.

BOSTON — In this video, Ryan D. Mire, immediate past president of the ACP, detailed his ACP Internal Medicine presentation on how physicians can know their worth and negotiate in private practice.

How does a physician “retire well”? That answer, unsurprisingly, has been changing over time. Historically, physicians were inclined toward an early retirement, hanging up their white coats in their 50s or early 60s.

“If you think it’s expensive to hire a professional to do the job, wait until you hire an amateur.”