Broker Check

Blog

Financial Planning for Millennial Physicians.

Wednesday, October 28, 2020

From online calculators to mortgage approval rates, there’s so much information published about how much you can spend on a house. With all this information available, I always get asked how much can someone spend on a new house....

Tuesday, October 27, 2020

Friday, October 23, 2020

In medicine, evidence-based research is the standard by which the best care is achieved. Evidence-based information points to proof that something works in a given situation. When it comes to biological pathways, the human body often...

Thursday, September 17, 2020

Wednesday, September 2, 2020

Quite often, I get asked from physicians if they should max out their retirement programs through their respective hospital systems. With benefit elections right around the corner, it's a good question to be asking. Here's quick video...

Show All

Sunday, August 2, 2020

Without question, 2020 has been tumultuous to say the least. There is still unknown fallout from the covid-19 pandemic, and there’s a great movement demanding social justice. The stock market has seen unprecedented volatility,...

Thursday, July 2, 2020

For physicians specifically, a break from work, and having something to look forward to is an invaluable commodity. With covid-19 enforcing restrictions on both interstate and intrastate travel, the actual importance of physically...

Tuesday, June 23, 2020

In a topic that’s generally avoided at all costs by most people, my wife and I had a very deep discussion about our own end of life preferences a few weeks ago. For us, it’s never been uncomfortable to discuss this topic,...

Friday, May 15, 2020

It’s unreal how threatening germs can be; a single infection quickly escalates into a worldwide pandemic. Hospitals overflowed, economies halted, and markets cratered. We live in some crazy times. Stress continues to be a concern...

Thursday, April 2, 2020

With covid-19 well underway and impacting everything from the economy to everyday life, here are a few financial planning strategies during a crisis. 1.Understand your budget. During uncertain times, spending usually reverts to a...

Tuesday, February 18, 2020

At my chess club in college (how cool is that?), we played each player for about 30 minutes or so in a blitz-style (quick game) format, so it resulted in playing about 2 games in each 30-minute round. One time I got paired up with a...

Monday, February 3, 2020

In a young physician’s life, financially speaking, the single most important aspect to financial well-being has nothing to do with money; it has nothing to do with investments; it has nothing to do with budgeting and saving. I...

Friday, January 24, 2020

When it comes to doctors, having an emergency fund is nearly always a good idea. An emergency fund is a liquid – or accessible – reserve of money in the event a larger-than-normal sum of money is needed. Generally, these...

Thursday, December 12, 2019

In medical school, residency, and fellowship, there’s really no such thing as too much, financially speaking. It’s all a grind to pay bills, feed your family, and make it to work on time. After training, there’s a...

Thursday, November 21, 2019

With family and friends traveling to be together for the holidays, I think it’s important – at appropriate times – to understand what family members are doing with their money and estate planning. As the kids get...

Tuesday, November 5, 2019

While nearly everyone could benefit from a financial advisor, not everyone is able or willing to use one at certain times. Additionally, not everyone who uses a financial advisor would use him or her at the same capacity as others....

Tuesday, September 24, 2019

A financial plan is a formal document, stating goals & objectives, current financial status, inflation assumptions, market rate of return assumptions, time value of money costs, among other items. This document basically creates a...

Monday, September 16, 2019

About a decade ago I had my first doctor client, and part of what they wanted to discuss was budgeting in order to save more. They just got new jobs and wanted some general planning for the sake of making good decisions. Software for...

Tuesday, September 10, 2019

Medical residents and fellows have always been in an interesting situation. They are embarking on the foothills of their career and obtaining the skills and knowledge they need to press forward. They are likely in the most idealistic...

Tuesday, September 3, 2019

Lately I’ve been introduced to clients with wildly unsuitable products and recommendations that have been implemented. It’s as if financial advice is solely intended to sell products, even if there is no need for products....

Thursday, August 22, 2019

The only people I work with are young doctors, so I guide people through their student loans quite often. I’ve spent months trying to understand the government student loan repayment logic. In short, sometimes it isn’t...

Tuesday, July 23, 2019

We’ve been preparing for a beach vacation, and every detail had been arranged and crafted for a sun-soaked visit to the Gulf Ocean. That is, until Hurricane Barry rained us out. Not only would the hurricane/tropical storm flood...

Thursday, June 27, 2019

One of the biggest secrets in the world of insurance is an “Umbrella Insurance” policy. It’s a secret for three main reasons: Consumers aren’t actively educated about it because the insurance marketplace is so...

Monday, June 17, 2019

I’m the best man at my brother’s wedding; I’m excited for him, and I’m honored be the best man. But I am to give a speech. Public speaking isn’t an issue; it’s just that this is an important day. The...

Thursday, June 6, 2019

I got a funny message from a client about a month ago. It went like this: “Message I sent my husband. What’s your opinion? I have an extra $20K in checking. Pay off student load with 5.8% interest rate Give to Paul for long...

Friday, May 31, 2019

Getting in shape is tough these days. Just finding time is often tough for me. Between meetings and deadlines, carting the kids to school and activities (almost every night there seems to be a different activity), making dinner, and...

Thursday, May 23, 2019

I was driving home the other day and I saw a turtle on the side of the road. It had made it all the way across the street, only to be stopped by a curb. The turtle obviously couldn't jump the curb, so even though it completely crossed...