Practice Finance

A lot of my colleagues are moving their investments to certificates of deposit and cash accounts. Should I be doing the same?

As a resident with more debt than income, how can a financial adviser help me?

Is it safe to have my office staff pay my practice's bills online?

With the value of stocks and other equities at an all-time low, now might be the time to transfer those assets to your heirs in hopes of the value rebounding over the course of their lives.

The federal stimulus bill offers a tax credit of up to $8,000 for first-time homebuyers, but there are ways to take advantage of this new tax break even if you already own a home.

I asked one of our vendors to be a golf tournament sponsor for a charitable organization. I was told "no" and wondered why. What can I do to have better luck next time?

Why won't lenders offer 15-year or 30-year fixed-rate loans on small medical office buildings?

I am trying to refinance my home, and my lender says my application is in limbo because my credit is "frozen." What's the deal?

My bank's personal financial statement form asks if I have any contingent liabilities or obligations. What does that mean?

The question on many people's lips is whether the stock market has reached bottom or whether there is still a ways to go before we get there.

Is it better to give away half of my $1 million retirement plan or keep the entire plan and give $500,000 of other assets?

Two of my employees have asked for in-service distributions from our practice's 401(k) plan. While still employed, is a participant able to receive a distribution?

I recently lost a relative and was appointed executor of her will. My attorney advised me that I am entitled to take an executor's fee and that this is deductible by the estate. Does it make sense to take an executor's fee?

I made a personal loan to an employee, and then she quit. Can I withdraw the funds from her retirement plan account?

Despite today's historic market woes, I have come to the conclusion that stocks or their equivalents are the safest, most convenient, most efficient method of growing your savings and securing your retirement.

I currently hold a credit card with a $5,000 balance and a 15 percent interest rate. I was wondering if I should decrease the amount I am contributing to my retirement plan through work and put the "extra" dollars toward the credit-card debt.

I understand the importance of securing an individual disability policy while still in training, but I recently was told that with my income potential, I should consider securing two policies. Why is that?

I am interested in starting to save for my two-year-old child's college education. I have heard great things about 529 plans and was wondering if that is the only plan I should utilize?

If you've ever attended a trade conference, you know doctors love free stuff. So we're letting you know about a free financial planning book for physicians written by the president of a Dallas-based advisory firm.

When the government starts throwing around billions of dollars, everyone has the same question: What's in it for me?

I plan to add some bonds or other fixed-income assets to my personal investment portfolio. Would municipal bonds be a good idea?

A colleague told me I can give a certain amount of money, tax-free, to my kids each year. Is that true? Will it lower my taxes?

Our group practice has a 401(k) plan. I plan to defer the maximum $16,500 to the plan from my salary. I also do some medical-legal consulting on the side. Can I also establish a 401(k) plan for that business and fund another $16,500?

More than 44 percent of Americans rolled over their entire retirement account distributions to another tax-qualified plan in 2006.

How often should I update my will?

After years of handling my bank accounts perfectly, I made an error that created an overdraft, and I was charged a high fee. Is it worth contacting my bank to see if it will waive the fee?

Our practice is considering a lockbox arrangement. What are the basics?

My professional corporation borrows from a bank, yet the bank requires that I provide a personal financial statement annually. Why is that?

With mortgage rates heading lower, is now a good time to refinance my home?

Few of us learned anything about sound financial behavior from classes in high school or college, which leaves us to learn those lessons on our own -- and usually the hard way.