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.
  

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.

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 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).

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.