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
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
Should Physicians Own Term Life or Whole Life Insurance?
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
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
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
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
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
Disability Insurance Premiums – How are they determined?
Disability Insurance Premiums Compared with other forms of insurance, disability insurance premiums tend to be much more expensive. Why? Because you are at a greater risk of becoming disabled than you are to die prematurely or lose your house to a fire. Understanding how disability insurance