Physician’s Money Digest is the best source for practical, forward-looking and insightful content to help physicians meet their financial goals.
Third-party financing: a path for medical practices to thrive in an era of cost-shifting and declining revenues
These are especially difficult times to run a solvent—much less profitable and growing— independent or specialty medical practice.
2021 year-end tax planning tips for physicians
there are some tax planning strategies physicians can still put into action to set themselves up for solid tax savings for year 2021.
Disability insurance can be costly, but likely worth the added expense
The most valuable asset a physician has is their ability to practice.
5 crypto investing rules for busy doctors
As you invest into this emerging asset class of cryptocurrency, how will you know if you've set yourself up to do the right thing?
Inflation continues to rise
Consumer prices are rising at the fastest pace in 31 years.
Why doctors need a buy-sell agreement
Creating a strategic exit plan from a doctor’s practice and career is vital and should not be put off.
5 financial benefits of owning your medical practice building
From increasing wealth to saving on taxes, the benefits of owning your building are real.
How to negotiate for a higher salary — and win
Physicians spend most of their lives training to be the best doctors they can be. What they don’t spend a lot of time doing is understanding what they are worth.
Schwab Intelligent Income vs Immediate Annuity: Which Is Better?
Annuity produces more guaranteed lifetime income; Schwab plan is more flexible.
8 Questions to Ask a Lender Before Taking Out a Loan
Before taking out a loan, ask these 8 essential questions.
Budgeting for retirement: Make a plan and stick to it
Creating a budget for retirement has never been easier, but sticking to one takes real work.
Savvy student loan repayment tips for physicians in training
Don’t ignore your loans — come up with a plan instead.
Securities-based loans: An alternative to traditional borrowing for doctors
What securities-based loans are and why physicians should consider them as part of their borrowing repertoire.
Passive real estate investment: The benefits for physicians
How passive real estate investing can help physicians earn income and a better state of mind.
The best tax strategies for your business
Medical practices have many legal tax-reduction strategies available to them and the strategies are not limited to the ultra-rich.
The best states for physicians in 2021: The complete ranking
What are the best states for physicians to practice in? Find out in Physicians Practice®’s Best States to Practice 2021 exclusive data project.
How often should physicians review their investment strategy?
Markets change over time, so don’t let your plan be static.
How physicians can protect their income with insurance
What would happen if you couldn’t practice medicine any longer?
Don’t make your loan situation worse
Physicians who enter practice for the first time often rapidly increase their lifestyle, which can have dramatic consequences for them in the long-term.
ICD-10 coding changes and updates effective October 1
The official guidelines were updates. Here’s the changes you need to know.
Is there a point in time when physicians should just pay off their remaining loans if they have the means to do so?
Being rid of student loans once and for all can be a gratifying feeling, but will it jeopardize your retirement?
What investments should physicians focus on when they start to invest?
There are many financial vehicles that can work with doctors, as long as they have a solid strategy.
Inflation explained: 5 ways it impacts your wallet and the economy
What impact does inflation have on consumers and the economy?
Will rising interest rates affect how physicians should approach debt repayment?
If rates rise, doctors should take a fresh look at their financial strategy.
The right way to handle patient collections
Collecting from non-paying patients is vital to keeping a practice open
Medical practice costs: Are you spending too much?
Understanding where a business is spending money is crucial to efficiency and growth.
How Lifetime Income Annuities Can Secure Your Retirement
To determine your needs for cash now and in the future, here are some questions to ask yourself.
Life insurance for physicians: The Swiss Army Knife of financial planning
The decision to purchase life insurance is an important one for all of us, and when you’re a physician there a lot of things to consider.
Healthcare accounts not utilized by older adults
The lack of use is correlated with a lack of confidence in the ability to pay for medical care.
Stop lifestyle creep before you’re in too deep
Are you earning a significant income but still living paycheck to paycheck? This is a common experience for many younger physicians.
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