Practice Finance

Taking care of your personal finances doesn't have to be a chore. Here are some easy ways to avoid big financial mistakes.

It's important to keep tabs on your retirement accounts when making a job transition. See what you need to think about when moving from a solo practice to a hospital system.

Many physicians can recall their "I'm outta here moment," when they decided to retire. Once you've hit that point, make some financial adjustments so that your transition to the easy life is a smooth one.

Doctors in other countries are paid more as a percentage of total healthcare spending than are those in the United States. See where you might be able to strike it rich.

The increase in patient payment responsibility calls for changes in how and when fees are collected, a 2-year study shows. Can you meet patient demands and improve collections?

See what paperwork you need to file to ensure that your late spouse's assets are protected.

Learn why making your estate the beneficiary of your IRA might not make the most financial sense.

Discover the ins and outs of what needs to be done when you inherit an IRA.

Finding a financial adviser who you can trust can be a monumental task. Learn why finding a good financial adviser might be one of the best decisions that you could make.

Inherited IRAs come with their own set of rules. Learn why you should start withdrawiing funds from the account soon after inheritance.

Leaving your private practice for academia may not be a smart move if you're motivated by money. See how the salaries compare.

If you're fresh out of residency, the Magnolia State wants you, and it is willing to waive its state income tax to get you there. Get the facts before you pack your bags.

Find out why these healthcare and dependent care expense accounts are such a sought-after incentive for employees.

Learn how leaving your medical practice before 55 can incur sizeable penalties.

Selling a practice takes a few steps. See what you need to do now to show off what your practice has and attract the best buyer.

Private equity markets have grown substantially over the past few decades. Learn about the risks associated with these markets.

Discover why brokerage accounts can't be used to deal with IRA debts.

See what to do when you have earned the maximum Social Security entitlement. (Hint: The answer is not to stiff Uncle Sam on his cut.)

What do investments and the NCAA tournament have in common? Discover the connection.

The economy's in the tank, so you have to make a buck somehow, right? Take a look at one viable way to sell your medical practice for fair market value and retire rich.

Significant changes in the Internal Revenue Code will alter how you depreciate purchases of equipment, property and more. Find out what lies in store for your tax return with these changes.

See why you should think about taxes when it comes to retirement planning.

Income alone doesn't mean financial success, especially if emotional investing is clouding your judgment.

Strategies implemented before your tax liability is set in stone could make you rich in the long run.

In tough economic times, the rules of retiring and selling your practice have changed. See what you need to ensure an orderly transition.