Practice Finance

Every physician should recognize the need for tax planning and the benefits that can result from it. The simple goal is to defer or reduce your practice's tax bill whenever possible.

My spouse works in my medical practice. Should he be paid?

Is it better to give stock that has appreciated or depreciated to a charity?

Because my income is too high, I cannot make a deductible or Roth IRA contribution. Is there any advantage of making non-deductible IRA contributions?

I've made some recent investments in my practice that have caused me to take on some debt. My understanding is that the interest paid is not deductible. Any suggestions on how to better structure my debt?

Is my practice liable for a partner's questionable business expenses?

Despite volatility in the stock market, 60 percent of U.S. consumers say they are not altering their investment choices, according to a survey by a market research firm.

The one constant in life is change. A successful retirement plan must take that philosophy into consideration.

I've taken a beating in the stock market lately. How can I deduct my investment losses?

I hear that there are two types of professional corporations. What are the differences?

I'm finding that bank financing is a little tight right now. Can I borrow from my practice retirement plan?

I am a solo physician in private practice. Should I incorporate?

Although withdrawing bonds first from a diversified retirement portfolio extends its life 90 percent of the time, a bonds-first strategy is not worth the risk for today's retirees, according to a recent study.

In a stomach-churning financial climate like this one, it's wise to take a bland approach to your financial diet.

We recently tried to get bank financing for a new practice startup and were required to sign personal guarantees and pay substantial fees. Is this common?

I am 77 and have been retired 25 years. I have $1.5 million in my IRA, and I take out $4,500 a month for living expenses. Would it be wise to convert my IRA to a Roth IRA?

I'm considering an investment in convertible bonds. What are the risk-reward tradeoffs associated with these bonds?

In these difficult economic times, is it wise to have some resources located in a bank account outside of the United States?

Despite the recent struggles of the stock market d, investors with years to go until retirement should not shy away from equities, a financial planner advises.

Can I alter the frequency of when to remit money that is withheld from our employees' paychecks for the company 401(k) plan?

My lease recently expired, and I intend to move, but my landlord said that the lease automatically renewed for an additional year. He mentioned an "evergreen provision." What does this mean?

I recently purchased a medical practice by buying stock from the retiring doctor. My accountant told me that I am not able to take a tax deduction for my down payment or subsequent payments to the bank. Why?

My attorney suggested that I consider a "dynasty trust" to pass $2 million on to my heirs. What is a dynasty trust?

Only about 61 percent of Americans nearing traditional retirement age believe they will have enough funds saved by the time they end their career.

From practical to whimsical, there's something for everyone this holiday season.