Financial Planning Handbook For Physicians And Advisors

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.

Financial Planning Basics for Doctors is a comprehensive guide on building a long-term financial plan for doctors and their families. Subjects covered include student loans, home buying, disability insurance, estate planning, college planning, retirement planning, investments, and behavioral finance, among many others. Each chapter starts with the basics before addressing more advanced concepts, frequently with examples and graphs, and concludes with a concise summary of the key takeaways. Throughout the book, there are links to free downloadable spreadsheets and a planning checklist to help you jump-start and organize your financial plan. The content provided is a result of the feedback the authors have received over thousands of meetings with doctors, condensed into a thorough overview of the most relevant ideas. Teaching hospitals do an excellent job of training our next generation of doctors, yet most new physicians graduate without having had a class on managing their finances. This book was written to fill that knowledge gap. Marshall Weintraub, Michael Merrill, and Cole Kimball are financial advisors with Finity Group, LLC, a financial planning firm specializing in working with doctors.

Drawing on the expertise of multi-degreed doctors, and multi-certified financial advisors, Comprehensive Financial Planning Strategies for Doctors and Advisors: Best Practices from Leading Consultants and Certified Medical PlannersTM will shape the industry landscape for the next generation as the current ecosystem strives to keep pace. Traditional generic products and sales-driven advice will yield to a new breed of deeply informed financial advisor or Certified Medical PlannerTM. The profession is set to be transformed by "cognitive-disruptors" that will significantly impact the $2.8 trillion healthcare marketplace for those financial consultants serving this challenging sector. There will be winners and losers. The text, which contains 24 chapters and champions healthcare providers while informing financial advisors, is divided into four sections compete with glossary of terms, CMPTM curriculum content, and related information sources. For ALL medical providers and financial industry practitioners For NEW medical providers and financial industry practitioners For MID-CAREER medical providers and financial industry practitioners For MATURE medical providers and financial industry practitioners Using an engaging style, the book is filled with authoritative guidance and healthcare-centered discussions, providing the tools and techniques to create a personalized financial plan using professional advice. Comprehensive coverage includes topics likes behavioral finance, modern portfolio theory, the capital asset pricing model, and arbitrage pricing theory; as well as insider insights on commercial real estate; high frequency trading platforms and robo-advisors; the Patriot and Sarbanes–Oxley Acts; hospital endowment fund management, ethical wills, giving, and legacy planning; and divorce and other special situations. The result is a codified "must-have" book, for all health industry participants, and those seeking advice from the growing cadre of financial consultants and Certified Medical PlannersTM who seek to "do well by doing good," dispensing granular physician-centric financial advice: Omnia pro medicus-clientis. RAISING THE BAR The informed voice of a new generation of fiduciary advisors for healthcare

This book fulfills its promise as a peerless tool for physicians wanting to make good decisions about the risks they face.

When it comes to consequential retirement decisions, more and more people are preferring to pay their financial advisors directly for upfront planning advice in lieu of traditional asset management fees and commissions. This book explores how advisors of the future without any ambiguity will need to offer complete financial plans & cohesive strategies prior to any discussion of new product implementation. The first planning book of its kind, we will introduce Advice Only as the fundamental belief by some clients that a financial planning strategy will only ever feel complete if -and only if- it is developed in total isolation from any form of financial solicitation and implementation. This planning approach is sure to contribute to the disruption of the financial services industry and advice-giving as we know it today. Readers will learn THEY hold the keys necessary to change how financial advice is delivered, not necessarily the financial institutions or through government regulation. "Advice Only" is a handbook developed for today's retiree covering all 9 areas of comprehensive financial planning and has over 300 pages of easy to understand financial planning topics, charts, graphs, and anecdotes."Advice Only" was developed over 9 years of teaching retirement planning primarily through the College of Marin, listening to students, and providing financial planning services to retirees in the San Francisco Bay Area.This book will provide new retirees with the information needed not only to be financially successful in retirement but also to discover the right financial planning methodology for them. Additionally, we'll explore other subjective investment and tax-related approaches to help determine your personalized retirement philosophy. You'll learn the importance of having a plan that is proven viable with math and gives you what you want, but is still flexible enough to work under a variety of scenarios - not just the ideal one. Learn more at AdviceOnly.info

A deeply insightful guide to goal-based financial planning and wealth management Planning a Successful Future empowers advisors and clients to take control of their money and manage their income to achieve their financial goals. Written by the father of fee-only financial planning, this book features real-life stories and examples from over three decades in the industry to illustrate how financial planning works and the best way to create your strategy. You'll learn how to identify and prioritize your goals, and why they're important—and how to get where you need to be for retirement, education, home ownership, and more. Practical exercises get you started on the right track, and useful checklists keep you organized and focused along the way. You'll get expert insight on risk management, allocation, tax reduction, estate planning, and more, as you develop your strategy and put it into action. The financial services industry undergoes frequent changes, and financial planning specifically is affected to a high degree. Keeping up with the latest news and distinguishing trend from legitimate methodology can itself be a fulltime job. This book gives you the background you need to create a plan, and make the smart choices that will help you grow and protect your wealth. Create a realistic and goal-based financial plan Take a more proactive approach to your finances Identify your goals and how to achieve them Allocate investments appropriately for your situation Financial planning is complex, with many variables to analyze and outside forces that can derail even the best laid plans. Planning a Successful Future gives you the information, tools, strategies, and insight you need to make the best decisions for your financial future.

You've worked hard for the privilege of practicing medicine. Now it's time to protect and grow your well-earned wealth. Financial advisor Michael Zhuang understands the unique challenges facing physicians today. His concise, accessible guidebook can help you secure a healthy financial future for yourself and your loved ones. Many issues can impact a physician's finances, from student debt to malpractice litigation to an unreliable, ever-changing healthcare system. Often, doctors are too busy or ill-equipped to handle money matters. Zhuang makes it easy, using real-world examples and taking every factor into consideration while providing invaluable techniques for: -Minimizing taxes -Shielding your assets from being unjustifiably taken -Investing confidently and safely -Selecting the best advisors -And more Whether you're in private practice or employment-based, just starting out or nearing retirement, Physician Wealth Management Made Easy will help you make all the right financial moves.

The Canadian Edition of the Wealthy Physician is one of the very few books that describes the canadian application of the infinite banking concept. Because most books on the topic describe the American application of the concept, Canadians risk turning a fantastic strategy into a nightmare if they blindly follow the advice or structure of the concept that is promoted south of the border. This book describes the differences between the american and canadian application, but also offers some real life example of policies designed to maximize the growth of the cash value and its advantages for funding our own purchases, while maintaining the amazing estate transfer capacity of this approach. Doctors are often misguided and end up either losing significant sums of money in various investment or ventures, or don't get the returns they should on their money. Over the last few years, doctors have seen an increase on personal and corporate taxes that threaten their very own retirement. A properly designed, well funded whole life policy, especially when owned by a professional or holding corporation, is the most efficient tool remaining for sheltering, protecting and growing your wealth. This book is an informative and exciting resource for the physician and all other professionals. Finally you have a one stop guide to help make complex financial decisions easier to understand! The objective of the book is nothing more and nothing less than to give the educated medical professional a solid and easy-to-understand track to run on.