Today’s news that AstraZeneca and Oxford University’s Covid-19 vaccine is “highly effective” now marks the third Monday in a row that we’ve received positive news on a vaccine. Pfizer first reported positive data on its vaccine on Monday, November 9th, and Moderna a week later on Monday, November 16th. So much for having a case… Read more »
For many physicians, retirement revolves around a number – either net worth, retirement account, sale of a practice or a buyout of their shares by partners. Don’t get me wrong, these numbers are important. Unfortunately focusing too much on these numbers can create an unhealthy relationship between you and your money. Money and time… Read more »
The business model for most physicians can charitably be described as “eat what you kill.” If you want to make more money, you have to work harder, either seeing more patients or performing more procedures. Once on this treadmill, it can be difficult to jump off. As physicians age, typically their work and family… Read more »
According to a national study entitled ”Issues Faced By Senior Women Physicians” in the Journal of Women’s Health, women physicians considering retirement face unique challenges not faced by their male colleagues. Let’s start by taking a look at how financially prepared women physicians are for retirement. Three in four respondents reported being financially well prepared for retirement…. Read more »
The practice of medicine often comes down to weighing tradeoffs between hoped for therapeutic benefits versus unwanted side effects. Physicians have training and experience in determining what the right balance is for each of their patients. Finding the right balance between a physician’s time and acquiring more stuff can be quite another challenge. It… Read more »
The practice of medicine tends to be an all-consuming endeavor. Physicians today, more than at any time in the past, are feeling burned out due to demands for greater productivity in light of falling reimbursement rates, as well as patient advocacy issues with insurers. It is therefore not surprising that physicians are heading for… Read more »
COVID-19 has changed the way we work, learn, and interact with others. Our “new normal” includes mask wearing and social distancing, which are our only options to limit the spread of the virus until we can distribute an effective vaccine. The temporary restrictions placed in our lives, while frustrating, do come with an upside: technological advances (and more importantly,… Read more »
If the Financial Crisis ushered in the era of “ultra-low” interest rates, the current pandemic took it a step further to bring about “near-zero” interest rates. Forget about earning a decent return on bonds. 10-year Treasury bonds currently yield just 0.85% and investment-grade corporate bonds pay just 1.75%. Short-term bonds and cash pay next to… Read more »
Last week, we held a meeting with one of our clients who has worked with our firm for 25 years. When we started our call, he told us that he had fallen victim to a telephone scam that cost him $12,000. The story goes like this: Our client received a frantic call from his… Read more »