Medical Economics Supplement - November 10, 2011 - (Page S4)
[ By MARK CRANE ]
nyone who feels conﬁdent about what the roller coaster ﬁnancial markets will do in the near or even distant future is likely kidding himself. It isn’t easy to plan for your goals when the Dow Jones index plummets more than 1,000 points over two days, gains back 430 points the next day, only to crash by several hundred points again two days later, followed by another recovery the next week. Experts debate whether we’re heading into a double-dip recession. Turmoil and uncertainty seem to be the only constants. How can physicians e ectively save for their retirement or their children’s education in such a tumultuous environment? Many physicians turn to ﬁnancial advisers to provide
expert guidance and implement a long-range plan that can help them reach their goals and protect them from the often shocking ups and downs of the market. To help you ﬁnd a planner with extensive experience working with physicians, Medical Economics is o ering our annual exclusive list of The 2011 Best Financial Advisers for Doctors. A planner will review your tax returns and cash ﬂow. He or she can help evaluate the best investments for di erent goals, whether paying o medical school
Andrew Stone, CFP® Morgan Stanley Smith Barney — New York, NY W
Pat C. Beaird,
Beaird Harris Wealth Management Inc. Dallas, TX W ’
Best Financial Advisors for Doctors 2011 Advertising Supplement
GETTY IMAGES / JON BOYES
? We had a physician who lost his entire nest egg in a bad restaurant investment. We created a deﬁned beneﬁt plan. It took a few years but he can now retire comfortably. These plans let doctors sock away a lot of money and save a ton on taxes. They also create tremendous good will with employees.
? Physicians have to delay gratiﬁcation during medical school and residency. After that, they sometimes tend to spend more than they should and put o saving until their 40s. We work with them to make up that lost ground and try to promote an attitude toward savings from the very beginning.
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