Practice Finance

How can I convert my individual retirement account into a Roth IRA?

What is the difference between a 529 plan and a Coverdell Education Savings Account?

When I sell stocks, how do I know my basis in order to determine the capital gains tax?

Does the same old "buy-and-hold" strategy still have a pulse for those of us in our fifties, sixties, and older?

The challenge: Selling a practice without a broker's help

The self-directed IRA can be invested in any investment the IRA custodian and the IRS allow.

I'm starting to consider an exit strategy for when I'm ready to retire from my practice. What do I need to know about handling the sale of my building, tax planning, retirement options, etc.?

Now may be the time to review your original goals for having a retirement plan, then evaluate whether your plan is meeting those goals.

It is extremely important that you receive proof that there are accounts holding your plan assets.

Primary care physicians with Medicare patients could see a 6 to 8 percent payment boost from the Centers for Medicare & Medicaid Services in 2010.

My nurse recently died and her beneficiary designation form states that her retirement plan assets should go to her former spouse. Since she completed the form years before her divorce, should I honor it?

Although I filed my 2008 return, the IRS subtracted the $8,000 first-time homebuyer credit and sent me a letter requesting additional information. Does the credit still exist?

Adopting a cafeteria plan will allow you and your employees to not only pay health insurance premiums on a pre-tax basis, but also unreimbursed medical expenses, dental expenses, eye care, and pharmaceuticals.

Given the perceived long-term consequences of the U.S. borrowing so much money, should you consider moving funds out of U.S. equities to international equities?

How can I protect my financial plan from the risk of rising inflation and interest rates?

Now is an ideal time to learn about the proven benefits, strengths, and versatility of life insurance and annuity investing.

Physicians who begin practicing and subsequently go back to training in a fellowship have a unique opportunity if they were contributing to a pretax retirement plan, such as a 403b.

An option for residents and fellows who moonlight and want to defer some of their earnings into tax-advantaged plans is to open a Simplified Employee Pension plan.

I'm joining a practice later this summer with a starting salary of $180,000. How much house can I purchase without the fear of becoming "house poor"?

Lurking within the $787 billion American Recovery and Reinvestment Act are nearly $300 billion in potential tax breaks, and much of it is available to you.

I know I need more life insurance than what my employer gives me, but how much should I get and what type should I get?

I'm a physician who has just started practicing. How do I protect myself and my assets?

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?