Financial Planning Handbook for Physicians and Advisors

Front Cover
Jones & Bartlett Learning, 2005 - Business & Economics - 312 pages
Managed care and government-led initiatives to control health care costs have decreased physician compensation. Physicians must now carefully plan their practices and seek financial security in a manner that is markedly different from other professionals. To do so, physicians and their advisors must be well informed about the growing range of financial planning options to choose the course that balances risk, cost, time horizon, outcome and their own personal economic style. This innovative guide confronts the reality that personal financial planning for physicians is decidedly more complex than it is in other professions. Financial Planning for Physicians and Advisors describes a personal financial planning program to help doctors avoid the perils of harsh economic sacrifice. It outlines how to select a knowledgeable financial advisor and develop a comprehensive personal financial plan, and includes important sections on: insurance and risk management, asset diversification and modern portfolio construction, income tax and retirement planning, and succession and estate planning. When fully implemented with a professional's assistance, this book will help physicians and their financial advisors develop an effective long-term financial plan.
 

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Contents

Behavioral Finance Defined
5
Day Trading Assessment
14
The Economic Basis for Personal
33
Building a Solid Foundation
61
Taxation of Life Insurance
71
Disability Income Taxation
80
Boat Insurance Overview
86
Other BusinessRelated Insurance
92
Medical Office
125
This
126
Chapter Introduction to Investment Concepts
159
Professional Portfolio Management
183
Milestones in Retirement Planning
215
Maximizing Qualified Retirement Plan
223
Maximizing Qualified Plan Benefits in Retirement
234
Estate Planning and Execution
249

Deciphering Personal Income
95
Simple Charitable Giving
106
Assessment
118
Selecting Financial Advisors Wisely
283
Referrals
299
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