Jason M. O’Dell, MS, CWM

Right now the U.S. markets are strong, but many investors are concerned about possible volatility as a result of the global economy. As such, it is crucial that well-informed investors, including physicians, adjust their investment behavior accordingly.

While the loss of assets to a soon-to-be-ex can never be avoided, some of the financial pain of a split can be minimized - with proper advance planning.

Poor estate planning could mean unnecessary costs for the family, while the right plan can potentially mean millions more. Fortunately, there are a few simple tools doctors can use to help circumvent mistakes.

Part two of a short series on how to factor flexibility into your financial plan in order to protect it from various elements that could affect you.

When most physicians build their financial plans (or "wealth plans"), too often they have ignored the most important factor in a sophisticated long-term plan: flexibility.