Physician's Money Digest

Communication, staff error, and illness are all reasons a reporting extension might be granted

The public generally does not think of physicians as being financially stressed, but in many instances that is the case.

Physicians with an interest in adding real estate investments to their portfolio may wonder how they can possibly make the time to manage properties and do their jobs. But real estate experts offer several ways to earn passive or semi-passive income from real estate that don’t require becoming a landlord.

Consider these alternatives instead.

Cost segregation is a tax deferral method that front-loads the depreciation deductions.

Emergency department visits are a big contributor

American Rescue Plan includes $19.2M for training doctors in underserved areas

When it comes to financial planning, physicians have different concerns that most individuals.

There are plenty of reasons for people to get their estate planning done despite, or even because of, potential future changes from Congress.

Whom to appoint should be an area of focus for physicians with significant accumulated wealth as they plan their estates.

How to make your final contributions and ensure your independent retirement account assets are optimally invested.

Given their salaries and chances of getting sued, physicians should strongly consider estate planning early in their careers.

How to find people to turn to for financial, legal and other advice.

This month’s Consumer Price Index report showed the largest inflation increase in four decades.

To prevent your practice from losing this revenue, avoid these five common coding mistakes.

Having a relationship with a good financial planner brings a “best of” team of advisors to help you achieve your life goals.

As we wait on potential tax changes, now is a good time to get estate planning done.

The perils of giving POA to the wrong person and how to avoid that mistake.

Creating a strategic exit plan from your practice is an important step that many physicians put off.

Physicians get a temporary reprieve from Congress, but payment challenges loom.

Whether you are pitching an investment opportunity or need to get a point across to a patient quickly, an effective elevator speech is a must.

How this offers a combination of good rates and flexibility for the future.

These 10 strategies can make your year financially successful.

Practices that don’t develop and regularly review a budget are missing out on a tool that can provide warning signs of financial trouble.

Maximizing contributions to an HSA can help a physician be more financially secure in retirement.

Each has distinct pros and cons — be sure to compare before investing.

It’s important for physicians to think beyond malpractice when they consider risks to their career and practice.