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Educational Financial Planning

Educational Financial Planning for Physicians and Medical Profdessionals

Financial Planning articles

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Net Worth — do you know yours?

The Net Worth Statement  is a quick, easy-to-read snapshot of all your assets and liabilities, in one place.



Do you have a list of all your assets and liabilities in one place? Will your loved ones know where to find everything if something happens to you? Is your Net Worth – the sum of all your assets minus any liabilities that you owe – positive or negative? Do you know what you are worth? Contact me today for a complimentary financial plan and let’s find out. It might be an eye-opener!

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Financial PlanningArticles

Analyzing & Choosinga Business Model Do you think about your own business? Here's how to avoid the mistakes and evaluate the risks and rewards . . . Transfer on Death vs Revocable Trusts To avoid the probate process, you can use different strategies. But there are pros and cons to each . . . Why a Will isn’t Enough -the Process of Probate Many people believe that once they have their Wills in place, they’ve done a majority of their estate planning duty. Unfortu­nately, this is far from true . . . Tax Tips for Small Business Owners Many small businesses oftentimes have sloppier accounting procedures than larger firms. Here are the common traps to avoid . . . The Importance of Yield in Creating a Portfolio Although capital appreciation is a real part of your return, I tend to look at yield as the most healthy part of your return . . . 7 Audit Flags for the IRS High income earners and those claiming business or rental property losses appear more subject to IRS scrutiny . . . Will you run Out of Money one day? Will you have enough to last you for a lifetime, or will you run out of funds sometime after retirement? . . . The “Paris Hilton” Tax What is one of the reasons that the government created an Estate and Inheritance Tax? . . . Maximizing your Retirement Contributions there is a way to contribute more if you have your own small business. This applies even to those who have a one-person LLC . . . What to do with an old 401k? When dealing with an old 401k account, there are usually 3 options. What is the best? . . . Misconceptions about Wills There is a common misconception that if you have a Will created, it is enough to ensure that your assets will pass on smoothly to your heirs . . . TheRight Investment in the Wrong Place Sometimes you can make the right investment in the wrong place. How so? . . . Net Worth — do you know yours? Do you know what you are worth? It might be an eye-opener! . . . IRAs vs Roth IRAs To Roth or not to Roth?
That is the question! . . . Can I get a tax deduction for my Home Office? Even if you are eligible to take a tax deduction for your home office, there are times it is not worth doing so. Why? . . . Why can't I just hire aFinancial Planner? How do you know who to hire? When you do hire someone, how do you know that they are doing a good job? What happens if . . . The Value of Value Investing When I used to visit India as a kid, the contrast between it and the US was striking. There were 5 black and white TV channels, women who wore saris . . .

Financial Planning
for Physicians

Why Physicians Spend More than they realize? Doctors spend more as they make more. But take away taxes, kids' educations saving, retirement, health issues . . . The INs & OUTs ofMalpractice Insurance 7.4% of physicians annually had a claim, whereas 1.6% made an indemnity payment . . . Physician ContractsProtect Yourself & your Interests When negotiating a contract for your new job as a practicing Physician, there are several important clauses . . . Disability Insurance & Income ProtectionNecessary but often Neglected! Your most important asset is not your home, your car, your jewelry, or other property. It's your ability to earn a living . . . Protecting your Assetsfrom Lawsuits & Creditors Is your wealth vulnerable to potential future creditors and, should the worst happen, could you lose everything? . . .