Personal Finance: Basic Instruments, Taxation Strategies, & Unique Opportunities.

The authors provide a simple primer for hand surgeons to further educate themselves on the basics of investing, tax reduction strategies that are completely legal, insurance protection, especially in your formative years, and unusual options available for further consideration. There are many ways for further education including publications related to finance, investment clubs of like-minded individuals, mentors that have extensive experience in these areas, and formal courses sponsored by business schools or other venues. The opportunities and regulatory environment are ever-changing, so one needs to constantly keep up with taxation rules and newer investment options.

Finance 101 for Physicians.

Although physicians enjoy extensive educational backgrounds, financial planning typically is not a significant component of the curricula they have completed. As a result, many physicians could benefit from greater financial acumen, and their preparation for retirement might be lacking in light of their relatively high-income levels. This article by a private wealth advisor with 29 years of industry experience provides physicians with the basic building blocks to understand and manage their finances. It focuses on 3 pillars of financial planning: (1) protecting themselves, their families, and their assets; (2) reducing their taxes; and (3) growing their wealth.