Practice Finance

Too much available credit can hurt your credit score.

Deciding on a traditional versus Roth IRA calls into consideration several factors, including tax rates.

Are there any types of policies that allow me to change my policy benefits in the future?

The decision about when to retire varies considerably from physician to physician and hinges on numerous factors, from age, health, and lifestyle to available assets, debt, and responsibilities.

Some of the long-term care insurance policies I am researching allow for an indemnity benefit. Can you explain what that means and what advantages it may provide?

My investment portfolio has declined significantly in the last 18 months. Are there any tax benefits owed to me?

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I have an adjustable-rate mortgage that I've had no problem paying, but it's about to go up in a few months and I'm afraid it'll be too expensive. What can I do?

I have several credit cards, two of which have sizable balances. Is there a way I can manage my debt in a way that improves my credit score?

Recent changes in credit card laws will likely affect everyone in ways both positive and negative.

A general rule when deciding between paying down debt or savings is to estimate the difference between the interest rate of the debt and potential return on investment.

The Dow is up; more public corporations have been reporting positive quarterly earnings-but which companies are really performing well?

A little-known fact about credit scores is that generally automobile financing uses a unique set of scores.

A rough year for the U.S. economy had little negative impact on the income of physicians, according to the results of Medical Economics' 2009 Exclusive Survey.

If you do not have stocks with gains, you are better off donating cash.

My daughter is a 19-year-old, part-time student in college. Are we subject to "kiddie tax"?

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.