13 Wealth Issues for Physician Financial Planning

Written by Reed Tinsley, CPA | July 8, 2005

13 Essential Wealth Issues to Consider in Your Personal Financial Plan

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

About the Author

Reed Tinsley CPA

This article is written by Reed Tinsley, a Houston, TX-based CPA with over 30 years of experience advising physicians and medical practices across Texas and the United States. Reed holds certifications as a Certified Valuation Analyst (CVA), Certified Healthcare Business Consultant (CHBC), and Certified Financial Planner (CFP), specializing exclusively in the healthcare sector. He is a published author, nationally recognized speaker, and trusted advisor to physicians on accounting & tax, practice management, and financial planning. Schedule a Free Consultation.

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