Dispelling Myths of Financial Planning for Doctors

Because of your busy schedule, constant caring for others and the need for continuing education, you have precious little time to devote to educating yourself on the stock market, tax laws and other financial matters. So what do you do? You see an ad for a can’t-miss mutual fund, you buy a stock you heard [...]

Horror Stories to Show Why You MUST Protect Your Assets From Creditors

Have you ever heard the comment that the only clients who buy long-term care insurance are the ones who have had a family member who needed it and didn’t have it?
Why is that? Because they have had a real life experience that motivated them.
The same unfortunately holds true for asset protection planning. Many people know [...]

Collect Delinquent Accounts Without Alienating Your Patients

One of the toughest things your staff has to deal with is trying to collect money from patients who have, over time, become friends. For most people, this is an uncomfortable task. Calls from your staff only embarrass your patients, most of whom would have paid if they had enough money to go around. And [...]

Homeward Bound: Investing in the American Dream 

Your home is more than a shelter, it’s a sanctuary from the world around you. It’s also a daycare center, restaurant, laundry facility, and entertainment complex all rolled into one. And for some, it’s a status symbol. But is it an investment?
Just a few years ago, with home prices steadily increasing, the answer might have [...]

Insurance Carrier Audits and Record Demands:  Review Before You Refund 

Over the past few years, insurance companies have, with increasing frequency, audited physician[1] practices seeking refunds for services rendered because of “lack of documentation”, “medical necessity” or “coding” issues. These refunds are portrayed by insurers as overpayments for certain treatment(s) rendered, which enable them to extrapolate and demand monies be re-paid by the provider (in [...]

Roll Out Your IRA, And You’ll Save A Barrel of Taxes Minimize Taxes On Your 2010 Roth Conversion With An IRA Roll Out

January 1, 2010 kicks off the Roth Conversion season. If you plan to convert this year, have you considered rolling some of your IRA money into your 401(k) or 403(b) account at work to save some taxes?
Instituted as part of The Tax Increase Prevention and Reconciliation Act signed into law by President Bush on May [...]