August 1, 2009
By:William J. Lynott
For thousands of years, gold has been viewed by many as the ultimate safe haven for investors, especially in times of economic distress. If these gut-wrenching times have you thinking about investing in gold as a guiding hand through the fiscal wilderness, you're not alone. Recent spikes in the price of gold reflect the usual emotional attachment to that commodity in times of economic gloom.
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July 1, 2009
By:David B. Mandell, J.D., M.B.A., Jason M. O'Dell, C.W.M.
Over the past few years, we have written many articles on potential strategies that a doctor can use to reduce income taxes, increase benefits or build retirement savings. In that time, we have also consulted with hundreds of medical groups on how to implement such strategies for their practice. Unfortunately, these consultations too often turn out to be less than fruitful because of office politics.
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July 1, 2009
By:William J. Lynott
If you're like most business owners and professionals, you think of every dollar as being the same as every other dollar. In truth, there are two kinds of dollars — before-tax dollars and after-tax dollars.
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June 1, 2009
By:Christopher R. Jarvis, M.B.A., David B. Mandell, J.D., M.B.A.
As frequent speakers to physicians on asset protection and advanced planning, we are often asked about captive insurance companies (CICs). Certainly, CICs can be ideal tools if they are created for the right type of practice and are established and maintained properly. In this article, we will examine the benefits and costs of CICs and then demonstrate a case study of two doctors who use CICs to significantly enhance many areas of comprehensive financial planning.
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May 1, 2009
By:Paula Moyer
Dermatology is not recession-proof. However, protecting revenue and containing costs can help your practice survive and even thrive, even in challenging economic times.
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May 1, 2009
Practice management consultants Elizabeth W. Woodcock, M.B.A., the founder of Woodcock & Associates, Atlanta, and Pamela L. Moore, Ph.D., director of content and strategy for Physicians Practice, Inc., offer these tips for protecting your practice during tough times
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April 2, 2009
By:John J. Grande, C.F.P.®, John S. Grande, C.F.P.®, Traudy Grande, C.F.P.®
Many of our high net-worth clients are finding themselves re-evaluating their annual charitable contributions as well as some of their estate planning goals as they concentrate on meeting their future retirement or current income needs. There are always choices, however, that one can make depending on their priorities and resources.
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March 1, 2009
By:William J. Lynott
In our current financial crisis, it's only natural to worry about the safety of our assets, and every business owner or professional with an investment portfolio has some portion of it invested in cash or cash equivalents.
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March 1, 2009
By:Carole C. Foos, C.P.A., David B. Mandell, J.D., M.B.A.
In 2008, many Americans were left with a general sense of concern for our economy. The mortgage and credit crisis, presidential election and record federal budget deficits have caused many of our physician clients to believe that taxes will increase.
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