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Thursday, August 3, 2017

The ability to depreciate a rental property is one of the many attractive benefits of owning rental real estate. The depreciation deduction reduces the rental income subject to taxation which increases the after-tax rate of return on...

 

Tuesday, June 13, 2017

It’s no secret that tons of people are nearing the age at which they’d like to retire and simply can’t do it. When they run retirement projections themselves or with a financial planner the numbers just don’t...

 

Monday, April 24, 2017

As of March this year we have approached 8 years in the current bull market. In other words, since March 9, 2009 we haven’t seen any stretch of period where the S&P 500 has declined more than 20%. During this 8 year period...

 

Tuesday, February 28, 2017

Regardless of who you are, benchmarking your portfolio to the S&P 500 is something we all love to do. Whether you’re a novice investor, hedge fund manager, or financial advisor we all find ourselves comparing our...

 

Tuesday, January 31, 2017

One of my favorite things to do before the beginning of the NFL season is read the Power Rankings published by some of the big sports media outlets, namely NFL.com and ESPN.com. Power Rankings are simply the ranking of all 32 NFL teams...

 

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Monday, January 9, 2017

One of the many promises President-Elect Trump made throughout his campaign was to simplify the current tax code. This has been on the Republican’s agenda for quite a while and now with a Republican President and majority power...

 

Friday, December 2, 2016

Tax season is just around the corner and during this time of year the chatter on how to reduce your tax bill picks up quite a bit. Giving to charities is a popular way to do that, whether your motivation is charitable, financial, or a...

 

Friday, October 28, 2016

Nearly 80% of full-time workers have access to a 401(k) or some other type of employer-sponsored retirement plan.[1] Along with the growing popularity of 401(k) plans, we are seeing employers offer Roth 401(k)s to their employees as...

 

Tuesday, September 20, 2016

Anybody that has participated in a 401(k) plan or has done some investing of their own has undoubtedly come across the new phenomenon we call Target Date Funds. In fact, calling it “new” may be a misnomer since Target Date...

 

Thursday, September 8, 2016

The market news lately has been replete with the phrase “new market high”. The S&P 500 index and the Dow Jones Industrial Average index are at all-time highs. These indexes have surpassed the 2014 peak, which was the last...

 

Monday, August 22, 2016

How long will your retirement nest egg last? This is an intricate question to answer and many factors come into play such as rate of return, value of your savings, annual withdrawals, inflation, etc. However, one factor that is very...

 

Sunday, May 15, 2016

Earlier this month the Department of Labor approved the new “Fiduciary Rule” that has been in the works for the better part of the last decade. The rule requires: A financial advisor must act in the best interest of his...

 

Monday, February 1, 2016

With the stock market off to a dismal start this year, gold has responded as it should. SPDR Gold Shares (GLD) gained 4.63% while the S&P 500 as measured by the ETF iShares Core S&P 500 (IVV) was down 5%. It’s at times like these when...

 

Friday, January 1, 2016

Short Term Memory Growing up playing competitive soccer and basketball I frequently heard a phrase shouted from my coach on the sidelines. During a game if myself or one my teammates made a mistake we would hear coach shout,...

 

Sunday, December 20, 2015

Concisely, “Trust” is a function of how patients perceive the following three physician factors: Physician’s clinical skills Physician’s Integrity (Do Patient’s “Best Interests” or does...

 

Friday, November 20, 2015

Optimal Method for Determining Retirement Income Needs and Social Security Benefits Retiring today can be exciting and yet also frightening for many physician couples and individuals. The prospects of having the freedom to enjoy a new...

 

Tuesday, October 20, 2015

We all probably think “income tax” when we consider our individual tax burden. However, you pay a lot more in taxes than just your income tax. Consider the following: Federal Income Tax State Income Tax Social Security Tax...

 

Sunday, September 20, 2015

Physicians unfortunately often become unwitting targets of some very egregious investment advice. Usually it involves an investment product with an imbedded fat commission just waiting to be deposited in a “financial...

 

Thursday, August 20, 2015

The debate continues when a patient dies on the operating table over whether it was an accident or not. This is highlighted by a Forbes article that reports of a Trudy Barnes, a 31 year old that died at a Dallas area hospital in...

 

Monday, July 20, 2015

Since Feb 17, 2009 when President Obama signed into legislation the Health Information Technology for Economic and Clinical Health Act (HITECH) as a part of the 2009 stimulus package, the incentives were promised for the adoption in...

 

Saturday, June 20, 2015

Physicians have financial risks like everyone else, usually however with much dire consequences if not properly minimized. Two large risks for physicians that are easily protected with proper insurance coverage are the risk of...

 

Wednesday, May 20, 2015

Fresh Risks to your medical practice, to you, and to your patients thanks to the information age Data breech risk. While not a new risk, the higher prevalence is new. The risks of a being fined by OCR due to the privacy rules of HIPAA...

 

Monday, April 20, 2015

On Differences and Similarities The difference between internal marketing and external marketing for physicians is that internal marketing is the management strategy of improving satisfaction by making patients aware of the positive...

 

Friday, March 20, 2015

Health 2.0 is healthcare with the full involvement of the patient and the doctor. New web technologies, enabled by information, software, and social networking help increase participation and openness between the players. This will...

 

Friday, February 20, 2015

Recently I was in a web discussion with other financial advisors conversing about whether an investor should use a RIA (Registered Investment Adviser) or an RR (Registered Representative). This can be a delicate subject since the...

 

Tuesday, January 20, 2015

Recently I met with a new physician client and his wife that had just accepted a position at a growing Utah practice. Both are in the mid-thirties and we were doing a preliminary review of their financial plan. Most of their adult life...

 

Wednesday, August 20, 2014

While our economy is still in a "Land of Make Believe", despite the "mini-crash" today and with interest rates still at historic low levels, now is a good time to remind ourselves of a couple tempting financial missteps: Taking on New...

 

Sunday, July 20, 2014

Anonymous ratings on websites by patients about their Doctors are unreliable at best. Most patients (me included) cannot accurately determine if their Doctor is a good clinician. Many reviews online often do not address the...

 

Friday, June 20, 2014

Physicians work hard and long to create wealth for themselves and their family, but can be one medical malpractice claim or general negligence claim away from financial disaster. Asset protection is a critical part of a...

 

Thursday, June 20, 2013

Now that the ACA has turned 2 years old, here is a Primer, thanks to MCOL (http://www.mcol.com) Accountable Care Organizations The Act requires the Centers for Medicare & Medicaid Services (CMS) to establish a shared savings program to...

 

Monday, May 20, 2013

Back in the early 1990s when I was working for A. G. Edwards, a national full-service investment firm, a mutual fund representative gave all of us in the office a t-shirt promoting a new fund. The new stock mutual fund he was touting...

 

Saturday, April 20, 2013

I grew up in the Texas Panhandle. My dad was a fighter pilot and apparently, the dry, flat, desert location of Lubbock was a great place to locate Reese Air Force Base, a pilot training Air Force Base (that is now closed). Lubbock,...

 

Wednesday, March 20, 2013

Physicians are held to a duty of care that holds them accountable for risks that the physician is aware of that may affect their patient. As a physician financial planner I am aware of a multitude of financial risks that could affect...

 

Wednesday, February 20, 2013

The sad events of the recent tragedy which occurred in at Sandy Hook Elementary School in Connecticut where 20 children and 6 adults were killed painfully reminds us of two problems that are not going away in the United States:...

 

Sunday, January 20, 2013

Our clients are not hiring us as their primary financial planner and advisor because of our astute political or religious views. The orthopedic surgeon that performed the discectomy on my wife Lee-Ann last month had our complete...

 

Thursday, December 20, 2012

What patient would not like immediate access to their physician, a "no-wait" waiting room, and plenty of time with the doctor in the exam room, all for an annual cost cheaper than many insurance plans. Of course, we are talking about...

 

Tuesday, November 20, 2012

The first trading session following the election on Wednesday, November 7, 2012 gave us some clues on how different sectors of the health care market may be affected by the ACA, as Obama’s win confirms that health reform marches...

 

Sunday, May 20, 2012

Last Friday the 2nd largest IPO in US history (VISA- [V-NYSE] being the largest IPO launching in March 2008) hit the market with Facebook Inc shares (FB- NYSE) trading for the first time publicly. Many “regular” investors...

 

Tuesday, March 20, 2012

The Dodd-Frank Wall Street Reform and Consumer Protection Act passed without requiring a universal fiduciary-duty rule which would require broker-dealers (Merrill Lynch, Morgan Stanley, UBS, Wells Fargo Advisors, etc.) to meet the...