Finance

July 7, 2016

Plastics Practice Streamlines Finances with Help of Multispecialty Advisory Team

By John Henry Dreyfuss, MDalert.com staff.

Financial advisory team provided a sophisticated dermatology practice in-depth re-evaluations of:

  • Personally held investments and asset allocation.
  • Retirement planning for partners and employees.
  • Cash flow statements and balance sheets.
  • Personal catastrophic planning.
  • Insurance product analysis.
  • Educational funding.
  • Estate tax management.
  • Philanthropy.
  • Corporate planning.
  • Risk Management.
Plastics Practice Streamlines Finances with Help of Multispecialty Advisory Team
June 28, 2016

Video: Contracts in Your Medical Practice

By Michael S. Berry, ChFC, MDalert.com advisory board.

Michael S. Berry, ChFC, is an advisor to MDalert.com. He helps us serve the financial planning concerns of our physician readers. He is also an independent financial consultant with a proven process. His unique wealth planning process engages a team of experts in a variety of disciplines in order to deliver comprehensive results.

In this brief video interview Mr. Berry discusses one of the most important actions that physicians can take in business: securing optimal contracts for his or her practice.

Video: Contracts in Your Medical Practice
June 27, 2016

The Time Value of Money

By Michael S. Berry, ChFC, MDalert.com advisory board.

Michael Scott Berry is an advisor to MDalert.com. He helps us serve the financial planning concerns of our physician readers. He is also an independent financial consultant with a proven process. He analyzes a client’s particular fact pattern, educates on planning options, and works with the client to implement the chosen strategies. His concierge wealth planning process uses a team of experts in up to 8 disciplines to deliver comprehensive results.

In this brief video interview he discusses the time value of money.

The Time Value of Money
April 29, 2016

The Importance of Disability Insurance for Physicians

Michael S. Berry, ChFC, MDalert.com advisory board
and John Henry Dreyfuss, MDalert.com staff.
  • The most valuable asset for a young physician is his or her ability to earn.
  • Among wage earners, 30% will experience a long-term disability (90 days or longer) before they reach age 65. (U.S. Social Security Administration, Fact Sheet February 7, 2013; Council for Disability Awareness, Disability Divide Consumer Disability Awareness Study, 2010.)
  • In December of 2010, there were more than 2.5 million disabled workers in their 20s, 30s, and 40s who were receiving Social Security Disability Insurance benefits (SSA.gov).
  • Medical expenses contributed to 62% of all personal bankruptcies filed in the U.S. in 2007, a nearly 50% increase over results from a similar 2001 study (U.S. Social Security Administration, Fact Sheet February 7, 2013; Council for Disability Awareness, Disability Divide Consumer Disability Awareness Study, 2010).

 

The Importance of Disability Insurance for Physicians
March 24, 2016

Your Medical Practice Can Earn More and Keep More of What You Earn

Michael Berry, ChFC

Michael S. Berry, ChFC, a member of the MDalert.com Advisory Board, is an expert financial planner who specializes in streamlining and optimizing personal and professional finances for physicians. He has been helping medical practices earn more and keep more of what they earn for over 20 years.

Taxes are one of the greatest burdens on your income. Click to see the full video for tips on streamlining your taxes.

Your Medical Practice Can Earn More and Keep More of What You Earn
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Featured Video

Your Money: The Three Types of Risk

Your Money: The Three Types of Risk

Michael S. Berry, ChFC, is an advisor to MDalert.com. He helps us serve the financial planning concerns of our physician readers. He is also an independent financial consultant with a proven process. His unique wealth planning process engages a team of experts in a variety of disciplines in order to deliver comprehensive results.

In this short clip, Mr. Berry discusses ways to mitigate the three types of financial risk.

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