13 Wealth Issues for Physician Financial Planning

If you were to ask most people, “What issues should you consider when preparing a personal financial plan?” many would reply: banking products, investments, retirement planning, college funding, etc. The following are 13 basis wealth issues that physicians and other individuals should keep in mind when developing or reviewing their financial plan:

1. Investments

2. Insurance

3. Liability

4. Qualified Retirement Plan/IRAs

5. Stock Options

6. Business Succession Plans

7. Durable Power of Attorney

8. Gifting to Children/Descendents

9. Charitable Giving During Life

10. Titling of Assets

11. Executor/Trustee Issues

12. Distribution of Wealth Plan to Spouse/Descendents

13. Charitable Inclinations at Death

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