Articles
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Dispelling Myths of Financial Planning For Doctors
Because of your busy schedule, constant caring for others and the need for continuing
education, you have precious little time to devote to educating yourself on the stock market,
tax laws and other financial matters. So what do you do? You see an ad for a can't-miss
mutual fund, you buy a stock you heard about from a colleague, and you implement a 401(k) plan through your CPA. You have begun to subscribe to some very popular notions about investing to safeguard your future.
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Protecting Practice Assets: Entity Risk Management for Physicians
According to the May 2003 Occupational Employment and Wage Estimates report published by the Department of Labor, eight of the top 10 highest-paying jobs in the United States belong to healthcare professionals. As such, you are uniquely positioned to establish a financial plan that provides you the freedom to move on to other personal and professional challenges, or retire, without compromising your lifestyle.
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Malpractice: Not Just the Physicians' Problem Anymore
The threat of malpractice lawsuits and escalating liability jury awards is one of the greatest challenges facing doctors. According to a report published by the Insurance Information Institute, the median of medical malpractice liability jury awards was $1 million in 2001, up 43% from 1999, and a single award for $131,700,000 was the largest in six years.
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Healthy or Critical? 5 Questions to Diagnose Your Financial Well-being
April 22, 2005 - ALTHOUGH DOCTORS typically rank among the top 1% of all income earners, we believe that they are shortchanging their futures. Why? Because they fail to adhere to a balanced plan that addresses their financial life in its totality ?treating individual economic symptoms instead of following a comprehensive program designed to reach financial independence.
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Don't Overlook Your Overhead - Why Disability Income Insurance is not Enough
April 12, 2005 - Healthcare professionals who operate private practices represent the lifeblood of their organizations in many ways. You are the healer to patients, the mentors to medical students, and equally as important, you are the primary source of income.
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