Most physicians who buy term insurance are satisfied that they are paying less for their coverage than they would with a permanent life insurance plan. Still, many might feel that, after 20 or 30 years of paying into a policy without ever needing it, is like throwing money down the drain. Of
How to Choose the Right Investment Advisor
With the proliferation of investment and personal finance websites, physicians have access to a boundless number resources and tools once only available to financial professionals. And, while an increasing number of physicians consider themselves to be at least somewhat self-directed in their
Why Young Physicians Need Life Insurance
Life insurance is one of the most widely owned financial instruments because it can fulfill so many different needs. While the overriding need for most people is to provide financial security for those who are dependent in one way or another on a bread-winners income, the specific reasons people buy
Should Physicians Own Term Life or Whole Life Insurance?
The decision to buy life insurance is one of the most important that we can make in our financial lives. It requires careful consideration of our needs, concerns and priorities. When the decision is finally made it brings a sense of relief and comfort to most, until they begin the agonizing process
Asset Allocation through the Physician’s Life Cycle
Asset Allocation through the Physician's Life Cycle As you age your lifestyle needs change as do your investment outlook and priorities. For most physicians, the longer their time horizon, the more risk they are willing to take in order to achieve better returns on their investments. Then, as their
When Physicians Should Change Their Life Insurance Coverage
The one thing of which physicians can be certain is change. Life happens every day and, as a result, we are constantly assessing our situation and changing our course, usually by making small adjustments. A life insurance purchase is one of the few decisions we make with a more long term
How Much Life Insurance Coverage Do You Really Need?
How Much Life Insurance Coverage Do You Really Need? One of our physician clients asks: I’ve been putting off buying life insurance, but now that I’m married with a baby on the way I need to do the responsible thing. I’ve settled on buying term insurance, but I’m not sure on how much I should get.
Year-End Tax Planning for Physicians
Tax planning for physicians is a year round endeavor. Typically, it is not until they approach the year-end until they have a better understanding of their financial situation as it relates to profits, cash flow anticipation, expense allotments, and their tax consequences. Taking the opportunity to