Personal Finances | General/Other

How To Avoid The Top Ten Retirement Planning Mistakes (Part 2 Of 2)

Avoid key retirement mistakes by planning wisely, protecting your finances, and prioritizing meaningful spending and tax strategies.

Personal Finances | General/Other

How To Avoid The Top 10 Retirement Planning Mistakes (Part 1 Of 2)

Avoiding common pitfalls can make or break your retirement plans. Here are five key missteps to watch for now to ensure a smooth, financially secure transition later.

Personal Finances | Budgeting, Spending, Saving

Match Your Children’s 401(k) Contributions To Build Great Saving Habits

Set your kids up for financial success by matching their 401(k) contributions. This strategy encourages long-term saving habits without dipping into their Roth IRA for education, paving the way for a strong financial future.

Personal Finances | General/Other

How To Get The Most From The New Inherited IRA Rules

Wondering how to navigate the new inherited IRA rules and avoid costly penalties? Learn how to optimize your withdrawals under the SECURE Act to minimize taxes and maximize growth.

Personal Finances | Debt Management

4 Powerful Strategies To Pay Off Student Loans Faster And Secure Financial Freedom

Looking to pay off student loans faster while still saving for retirement? Learn four powerful strategies, from refinancing to leveraging new loan forgiveness options, to help you manage debt and secure your financial future.

Personal Finances | General/Other

Read And Grow Richer

Looking to build a solid financial foundation? Skip the fleeting TikTok tips and dive into timeless classics like The Millionaire Next Door and The Intelligent Investor for enduring strategies and wisdom on personal finance and investing.

Personal Finances | Budgeting, Spending, Saving

Why You Need A Paycheck In Retirement

During the five years before retirement, doctors face crucial financial decisions, and a detailed analysis of monthly spending needs and income sources, along with expert financial advice, is essential to ensure a worry-free retirement.

Personal Finances | Debt Management

Courts Block Student Loan Forgiveness Program

Explore the ongoing legal battle over the Biden Administration's SAVE student loan forgiveness program, with federal courts issuing conflicting rulings that threaten to disrupt repayment plans for millions of borrowers, and learn what steps to take in the meantime.

Personal Finances | Estate Planning

Why You Need a Digital Will (Online-Only Article)

A digital will manages your online assets after death. List accounts, appoint an executor, and include it with your estate plans to protect against fraud and ensure your wishes are met.

Personal Finances | General/Other

New Airline Rules To Ease Refunds

New airline rules effective October will ensure easier cash refunds for cancellations or significant delays, standardized delay definitions, and refunds for delayed baggage and unreceived services.

Personal Finances | Estate Planning

7 Steps To Safeguard Your Family

Keep your estate planning documents current and regularly update beneficiary designations to protect your family's financial and healthcare decisions.

Personal Finances | General/Other

How To Prevent Devastating Wire Fraud Losses

Learn how to protect yourself from devastating wire fraud during major financial transactions with these essential strategies.

Personal Finances | Debt Management

What’s The Fastest Way To Pay Off Student Loan Debt?

Uncover the fastest path to liberating yourself from daunting student loan burdens - especially if you're a young dentist grappling with hefty debts.

Personal Finances | General/Other

2 Overlooked Factors You Must Consider To Maximize Your Social Security Benefits

Discover the two crucial factors many overlook when deciding on Social Security benefits: inflation and taxes. Learn how considering these can impact your retirement strategy.

Personal Finances | General/Other

Five Steps to Avoid Record Fraud Losses (Online-Only Article)

Learn how to safeguard your finances from increasing fraud losses with these five practical steps.

Personal Finances | General/Other

Top 10 Divorce Mistakes That Could Cost You Millions

A divorce is costly both financially and emotionally. Avoid these mistakes to save yourself from unnecessary income taxes, attorney fees, and court costs.

Personal Finances | Debt Management

Biden Accelerates Student Loan Debt Forgiveness

The U.S. Education Department is accelerating student loan forgiveness for those enrolled in the SAVE plan, bringing relief to eligible borrowers sooner than expected. Find out how this unexpected development is making waves in the world of student debt.

Personal Finances | Estate Planning

Six Strategies to Avoid Costly Probate

Simplify estate planning and protect your family with the highlighted six strategies. Avoid probate complexities and costs, saving time and preserving privacy.

Personal Finances | Estate Planning

Get Ready For The New Estate Tax Rules

An estate tax hike is coming. So, act now to save your family millions.

Personal Finances | General/Other

Do You Have Unclaimed Cash Waiting For You?

Spending a few minutes doing an online search can reap great rewards in unclaimed cash - find out if free money is waiting for you!

Personal Finances | General/Other

Seven AI-Powered Financial Apps to Save You Money

Artificial intelligence (AI) has shaken up many industries, proving beneficial in numerous instances. Check out these seven apps to take advantage of this technology to assist with your financial management.

Personal Finances | Debt Management

Five Strategies to Ease the Pain of Student Loan Repayment

With student loan payments restarting, many employees are seeking workplaces that will aid in repayment. Use this to your advantage to recruit top-notch associates and staff members.

Personal Finances | General/Other

Three Tips To Increase Returns On Your Cash

Sitting on too much cash? Here are three strategies to increase your returns without taking on too much risk.

Personal Finances | General/Other

Housing Costs Are Rising: Can You Really Afford a Second Home?

Is that vacation home you've been eyeing really all it's cracked up to be? It may provide you with two weeks of bliss a year, but how will it affect your annual expenses?

Personal Finances | Budgeting, Spending, Saving

How Do Your Personal Finances Stack Up?

Our member survey results are in! Find out how your personal spending, saving, and wealth building strategies compare.

Personal Finances | Debt Management

Biden Proposes New Student Loan Relief

With the Supreme Court striking down the Biden Administration's $20,000 student loan debt cancellation plan, a new student debt relief program, called SAVE, has been pushed out by the White House.

Personal Finances | General/Other

Top Financial Lessons Learned Over 40 Years (Part Two)

More personal and practice financial tips to help you achieve your goals.

Personal Finances | Debt Management

How To Pay Off Student Loans After The Supreme Court Decision

Follow these steps for a winning debt repayment and savings strategy.

Personal Finances | General/Other

Top Financial Lessons Learned Over 40 Years (Part One)

Personal and practice financial management pearls to help you reach financial freedom faster.

Personal Finances | Credit

Best Travel Reward Booking Services

Try these concierge services to get the most out of your travel reward points.

Personal Finances | General/Other

Will ChatGPT Replace Your Financial Advisor?

ChatGPT has exploded in popularity with a wide variety of uses. While it can provide a wealth of financial information, it does have significant limitations.

Personal Finances | Budgeting, Spending, Saving

Teach Your Children About Money Management

They're never too young to start learning the value of a dollar! It will leave them better prepared to handle their own finances as adults.

Personal Finances | General/Other

How To Travel More While Spending Less

Use our tips and travel credit card recommendations to get the most value out of your vacations and business travel!

Personal Finances | General/Other

Five Strategies To Take Advantage Of Higher Interest Rates

Interest rates have skyrocketed over the past year, but you can still come out ahead with these financial strategies to boost your returns.

Personal Finances | Debt Management

White House Announces New Income-Based Student Loan Relief

The Education Department under Biden has proposed a new rule, making the path to student loan forgiveness easier and college more affordable.

Personal Finances | Debt Management

Student Loan Relief Update

Will President Biden's student loan forgiveness program prevail?

Personal Finances | Budgeting, Spending, Saving

12 Strategies To Help Beat Inflation

Inflation is at a 40-year high and is likely to remain elevated for the foreseeable future. Fight back with these tips to rein in costs in 12 major areas of your personal finances.

Personal Finances | Debt Management

President Biden Announces Student Loan Relief Measures

Find out if your student loans qualify for relief and what you need to do to take advantage

Personal Finances | Estate Planning

Four Steps To Protect Your Digital Assets

Your world comprises myriad digital assets. In the event of your death how will your loved ones access your email, social media, online financial accounts, subscriptions, and digital medical records? Use this 4-step checklist to ensure a smooth process for your survivors during that stressful time.

Personal Finances | Budgeting, Spending, Saving

Top Four Apps To Improve Your Finances

If you’re not tracking your personal spending and automatically investing your savings each month, you could be robbing yourself of millions of dollars in retirement. Use these apps to manage your finances and set yourself up for success.

Personal Finances | Estate Planning

What To Do If You’re Named Executor Of An Estate

If you agree to take on the formidable responsibility of being the executor of an estate, follow these 6 strategies to reduce your risk of legal liability.

Personal Finances | Debt Management

Biden Mulls Further Student Loan Relief

Could further student loan forgiveness be in sight? Signs indicate that may be the case.

Personal Finances | Budgeting, Spending, Saving

Six Habits Of Millionaire Doctors

What characteristics separate the most financially successful doctors from all others? Did they inherit great wealth, or is their success based on their specialty, location, or just blind luck? Based on our 40 years of experience, we’ve narrowed down the top 6 habits that make millionaire doctors elite.

Personal Finances | General/Other

Overcoming Money Mistakes That Can Wreck Your Marriage

Money is the top issue couples fight about, and financial problems are the second leading cause of divorce. Here’s how you can avoid the 6 most common financial mistakes couples make so you can continue to enjoy a happy and financially successful marriage.

Personal Finances | Debt Management

Student Loan Repayment Holiday Extended

President Biden has extended the pause on student loan payments for another 90 days.

Personal Finances | Estate Planning

Key Strategies To Protect Your Assets

You’ve spent your entire career building your family’s wealth, but unless you’ve implemented these 10 strategies, you’re vulnerable to the claims of potential creditors.

Personal Finances | General/Other

Top 15 Financial Lessons From The Pandemic

The best way to circumvent a financial emergency is to plan for one. Here are our top 15 financial takeaways from the pandemic and how you can plan for the future by learning from the past.

Personal Finances | General/Other

Don’t Overlook This Little-Known Auto Insurance Claim

If you’ve been in a car accident, your vehicle’s resale value has likely severely diminished, regardless of if it’s been repaired. Here’s how you can recoup your money and avoid a loss.

Personal Finances | Debt Management

Follow Our 7 Step Debt And Savings Strategy To End Up Over $3,000,000 Wealthier

The desire to pay off debt as quickly as possible is a strong one for most young doctors; but should you prioritize prepaying your loans over saving for retirement? Find out the true cost.

Personal Finances | General/Other

6 Tips To Avoid Costly Divorce Traps

Divorce is devastating. Limit the financial impact with these strategies that can help ensure you’re treated fairly in the split.

Personal Finances | Debt Management

Four Steps To Take For Student Loan Debt Savings (Online-Only Article)

The freeze on student loan debt has been extended one final time, but don’t let the moratorium fool you into thinking you should let your “foot off the gas” on your repayment planning. Use these strategies to ensure you’re set up for success when the freeze finally thaws.

Personal Finances | Budgeting, Spending, Saving

4 Ways To Save On Your Family’s Medical Costs (Part Two)

Previously, we shared how to save on hospital bills by shopping around for the best prices, plus how to avoid surprise out-of-network costs. Now, we help you save on prescription drugs and provide tips to reduce your medical bills.

Personal Finances | General/Other

Top 35 Financial Lessons Learned Over 35 Years

The McGill Advisory is celebrating our 35th anniversary! To commemorate our many years of providing personal and practice financial tips to dentists and dental specialists, editor John McGill has curated the best financial pearls of wisdom to help you reach your goals.

Personal Finances | General/Other

House-Rich? Here’s How To Take Maximum Advantage

Home values have skyrocketed over the past year, while mortgage rates remain shockingly low. Read on to discover how you can get the most out of the large amount of home equity you’re likely sitting on.

Personal Finances | Budgeting, Spending, Saving

4 Ways To Save On Your Family’s Medical Costs (Part One)

With medical costs rising at ever-faster rates, it’s critically important to find ways to save, while still receiving the best care. In this article, we uncover 2 ways to help to lock down savings on hospital procedures and elude billing surprises.

Personal Finances | Estate Planning

Act Now To Protect Your Wealth From Higher Estate Taxes

Unprecedented government spending programs have made tax hikes on estate and gift taxes inevitable. Use these 10 strategies to shield your wealth now, before it’s too late.

Personal Finances | Debt Management

Your Best Student Loan Strategy Under The New Law

The American Rescue Plan has changed the rules for most, but not all, student loans. Find out if your loan qualifies, and if it does, what you should and shouldn’t be doing at this time.

Personal Finances | Budgeting, Spending, Saving

6 Strategies To Save At The Gas Pump (Online-Only Article)

Gas prices have jumped almost 30% so far this year and are headed higher. Learn how you can save hundreds of dollars to help ease the pain.

Personal Finances | Debt Management

Should You Pay Off Your Mortgage At Retirement? (Online-Only Article)

One of your primary financial goals is likely getting out of debt. Yet, with interest rates near all-time lows, does it make sense to pay off your mortgage before retiring?

Personal Finances | Estate Planning

Is Your Family Protected?

Planning for your death or disability isn’t a pleasant task. However, failing to do so places undue stress and hardship on your loved ones. Follow these 7 steps to ensure proper planning to help safeguard your family.

Personal Finances | Debt Management

Biden Extends Student Loan Relief

President Biden relieved almost 40 million federal borrowers of monthly student loan payments and interest when he extended relief through at least September 30, 2021.

Personal Finances | Budgeting, Spending, Saving

How Has COVID-19 Affected Your Personal Finances?

You can compare your financial situation with the averages of our 464 member-dentists and specialists who reported on their personal spending, savings, and asset accumulation in our 2020 Personal Wealth Survey.

Personal Finances | General/Other

Getting The Most Mileage Out Of Your HSA Withdrawals

The triple tax benefits of an HSA make it a top investment savings vehicle. Even if you don’t need your entire HSA balance for medical expenses in retirement, you can still access HSA funds with these 3 strategies to minimize taxes and avoid penalties.

Personal Finances | General/Other

Avoid The Top 10 Financial Mistakes From The Pandemic

Many doctors’ savings and investing plans fell off the rails during the pandemic. Use this list to dodge the common pitfalls and financially get back on track.

Personal Finances | Debt Management

Three Tips To Tackling Your Student Loan Debt Now

Is student loan debt taking an emotional toll on you? Relief is in sight with the combination of record-low interest rates and extended federal student loan relief. Plus, we’ll tell you why buying a practice now could help you get out of debt even quicker.

Personal Finances | Estate Planning

How Low Interest Rates Can Boost Your Tax Savings From A Charitable Lead Trust

Are you a charitable giver? If so, due to record-low interest rates, now’s an excellent time to set up a Charitable Lead Trust. When properly structured, this trust helps you benefit the charities of your choice, while generating a super-charged income tax deduction.

Personal Finances | Budgeting, Spending, Saving

Top 5 Financial Apps For Your Success

Plan for a financially secure future with the help of our advisors’ favorite personal finance apps to control spending and increase your savings. Money management just got easier!

Personal Finances | Estate Planning

Smart Moves To Save Millions By Dodging Future Tax Hikes

With the current record-high federal estate and gift tax exemption expiring in 2025, doctors should plan now (starting with these 3 strategies!) to protect their net worth.

Personal Finances | General/Other

Strategies To Protect Yourself Against The Growing Risk Of Online Fraud

Cybercriminals are looking for your practice to make mistakes and they're finding them: there’s almost a 50% increase in reported security breaches. We reveal common scams and how to protect yourself, and your practice.

Personal Finances | Budgeting, Spending, Saving

20 Ways To Cut Your Personal Spending Now

It’s more important than ever, during times of uncertainty, to find ways to squeeze every dollar—and these strategies will help you keep extra money in your pocket, so you have more left over for retirement savings.

Personal Finances | Credit

Best Reward Credit Cards For 2020

We take the pain out of choosing the right card for the right purchase!

Personal Finances | Budgeting, Spending, Saving

Don’t Let Your Emergency Fund Rob Your Retirement Nest Egg

Read on for 5 alternatives to low-interest savings accounts, plus how to use them.

Personal Finances | General/Other

6 Steps To Protect Your Online Privacy (Online-Only Article)

Are you freely providing too much personal information over the web? Think twice–giving all those permissions to apps isn’t necessary and ends up making you more vulnerable.

Personal Finances | General/Other

How To Find True Happiness—And Improved Health

Intentional activity is 4 times more important than life circumstances to your happiness, according to studies. Here are some easy ways you can practice intentionality to decrease stress, starting today.

Personal Finances | General/Other

How To Buy A New Car At An “Old Car Price” (Online-Only Article)

New car prices have risen dramatically over the past few years, reducing sales. Discover a unique approach for using this inventory glut to bargain for huge savings.

Personal Finances | General/Other

Move Your Money Where It Will Treat You Best

The ability to overcome emotional obstacles, like selling at a loss to free up money for investments with greater future potential, is what separates good investors from great ones.

Personal Finances | Estate Planning

Three Strategies To Avoid Becoming “The Richest Man In The Graveyard”

We help you develop a plan to successfully manage the unexpected.

Personal Finances | General/Other

5 Simple Steps To Protect Against Cyberattacks

2019 losses for the healthcare industry as a whole are estimated to be $25 billion. Don’t be caught unaware!

Personal Finances | Estate Planning

How To Avoid The 6 Most Common Estate Planning Mistakes

Planning for your death is uncomfortable. But even more uncomfortable is costing your family MILLIONS of dollars from estate planning missteps that were easily avoidable.

Personal Finances | Budgeting, Spending, Saving

Save Thousands By Purchasing Your Next Car Online

A better buying experience, explained! How you can take advantage of a newer, less painful car buying process—whether you’re shopping for a new or used car.

Personal Finances | Debt Management

Take Advantage Of Falling Home Mortgage Rates To Save Over $56,000 (Online-Only Article)

The global economic slowdown has increased stock market volatility, but also reduced interest rates. Learn how you can use those lower rates to produce big savings!

Personal Finances | General/Other

How To Prevent Mistakes In Claiming Social Security Benefits From Costing Your Family Over $100,000

Did you know married doctors have over 100 options for claiming benefits? Be sure you understand the key ages, myriad factors, and the 3 general rules to guide your Social Security timing.

Personal Finances | General/Other

How To Get Your Share Of The Equifax Data Breach Settlement

Several types of compensation are available, depending on how you were affected.

Personal Finances | General/Other

Should You Retire Early? 6 Steps To Avoid The Pitfalls

While most doctors look forward to retirement, it may be bad for your health, if not properly planned.

Personal Finances | Credit

How To Reduce Travel Costs By Making The Most Of Your Credit Card Rewards

You must carefully evaluate how to use your points and miles to make sure you are getting a good return on your points.

Personal Finances | General/Other

How To Protect Your Personal Data From Spying Smart Devices

While the developers of smart devices claim the data points they gather help your device do its job better, what’s the cost to you?

Personal Finances | Debt Management

Prepaying Your Student Loans Or Saving For Retirement—Which Is Best? (Online-Only Article)

We realize this is a highly-emotional decision, and many doctors don’t want to be confused by the facts. We help you through the maze.

Personal Finances | General/Other

3 Options To Speed Your Way Through Airport Screening

These tips can cut wait times down to as little as 5 minutes! So before you plan your next trip, consider these time- and stress-saving membership options.

Personal Finances | Estate Planning

Don't Wait For A Tragedy To Tune Up Your Estate Plan

Sadly, very few doctors have done a superb job of advanced estate planning. Make sure your family is protected using these 8 steps.

Personal Finances | Debt Management

How To Take Advantage Of Lower Mortgage Rates (Online-Only Article)

Don’t let this opportunity for “free money” from falling mortgage interest rate pass you by. Learn how to cut your home and practice financing costs now!

Personal Finances | Budgeting, Spending, Saving

Considering Buying A Second Home? Calculate The True Cost Of Ownership Before You Purchase!

Our analysis helps you determine if owning your vacation home is a wise move, or whether you’re better off renting a vacation property and using the added cash flow to boost retirement savings.

Personal Finances | Budgeting, Spending, Saving

6 Ways Financial Apps Can Help You Control Spending/Boost Savings (Online-Only Article)

There are several financial apps to help you use logic, rather than emotion, to improve your finances.

Personal Finances | General/Other

10 Strategies To Guard Your Privacy, Protect Your Assets, And Slash Your Taxes Using FLPs/LLCs (Part Two)

These recommendations help you manage your livelihood well for today and tomorrow.

Personal Finances | General/Other

Young Doctors’ 10 Most Common Financial Mistakes And How To Avoid Them (Part Two)

The most common feedback we hear from clients after years of making mistakes is “I wish I would’ve come here 10 years ago for help.”

Personal Finances | General/Other

10 Strategies To Guard Your Privacy, Protect Your Assets, And Slash Your Taxes Using FLPs/LLCs (Part One)

Slam dunk #3 for savvy doctors with college-bound children can allow savings up to $70,000 per child in federal and state income taxes.

Personal Finances | General/Other

Young Doctors’ 10 Most Common Financial Mistakes And How to Avoid Them (Part One)

Use these tried-and-true debt management strategies to be & stay debt-free!

Personal Finances | General/Other

Want To Buy A Timeshare? Don’t! Already In And Want Out? Here’s How. (Online-Only Article)

85% of timeshare owners later regret their purchase and want out. Read on for best vacationing tips.

Personal Finances | Budgeting, Spending, Saving

Top 3 Budget Apps To Improve Your Personal Finances

Recommended tools from the Editor to help you manage your household finances with less stress & more saunter!

Personal Finances | Credit

More Reasons To Freeze Your Credit To Protect Against Identity Theft

Doctors can now freeze or unfreeze their credit quickly. We tell you how.

Personal Finances | General/Other

Increase Your Success Using A Financial Coach

3 ways a good financial coach can help keep you on track and “out of the ditch.”

Personal Finances | General/Other

When Should You Claim Your Social Security Benefits?

This is a puzzle that every doctor will face. Our article pieces it all together for you!

Personal Finances | Budgeting, Spending, Saving

Top 25 Strategies To Cut Spending And Build Your Wealth

Reduce the assets required at retirement $811,500 by cutting personal spending $2,500 a month! These tips will help you make it happen.

Personal Finances | Estate Planning

Have You Protected Your Family?

It's painful to discuss death, but it's far worse to leave your family in a huge legal mess. Follow these 7 steps to get your estate planning in order now.

Personal Finances | Budgeting, Spending, Saving

Is A Balanced Savings Plan—Reducing Retirement Savings While Increasing Personal Savings—Best For You?

5 rock-solid reasons this approach could be devastating to your finances.

Personal Finances | General/Other

Tired Of Facebook Sharing Your Info? How To Fight Back! (Online-Only Article)

Remember, if you aren't paying for the product, you probably are the product.

Personal Finances | Budgeting, Spending, Saving

6 Factors To Consider When Projecting Your Planned Retirement Spending

If you want financial security, don't blindly follow the conventional wisdom that you'll spend less in retirement than you do now.

Personal Finances | General/Other

How To Tap Assets In Retirement So Your Money Lasts Longer Than You Do

Find out what should go first, so that you can cash out, without Uncle Sam cashing in!

Personal Finances | General/Other

Top 10 Secrets Of Financial Success

Larry, Curly, and Moe agreed to save the same amount. But check out how Larry accumulated $2,848,903 more than Moe by age 65!

Personal Finances | Budgeting, Spending, Saving

How Does Your Personal Spending Stack Up?

Pinpoint areas of overspending you can easily cut by knowing where your monthly personal living expenses rank compared to other dentists and specialists.

Personal Finances | Budgeting, Spending, Saving

Top 20 Strategies To Painlessly Slash Your Personal Spending

Reach your retirement goals faster by being a savvy shopper and using our tips to save regularly!

Personal Finances | General/Other

What Results Are You Getting From Working With Your Financial Advisor?

Use this guide to confidently know that your advisor is providing great service, so you can maximize your net worth for a secure retirement.

Personal Finances | Budgeting, Spending, Saving

9 Ways To Slash Your Prescription Drug Costs

You – and your wallet – will be healthier when you take these steps to lower your cost before your doctor even writes a prescription.

Personal Finances | General/Other

How Successful Is Your Investing?

Did you know doctors typically lose up to 2% a year off their investment returns, all because of common mistakes? Use our survey results to discover how you might invest wiser.

Personal Finances | Credit

7 Steps To Take To Prevent Identity Theft After The Equifax Breach

This breach permanently increases your risk of identity theft. Safeguard your personal and financial information now to save yourself time, money, and stress later on.

Personal Finances | Budgeting, Spending, Saving

How Do Your Personal Finances Compare?

Find out how your debt and savings levels stack up compared with other elite doctors in the results of our Personal Wealth survey.

Personal Finances | Estate Planning

Avoid Estate Planning Mistakes That Can Cost Your Family Millions

Ensure you have a firm grasp on these 7 aspects of estate planning so you can avoid unnecessary taxes.

Personal Finances | Estate Planning

Protect Your Child's Inheritance With A “Backdoor Prenup”

Safeguard your legacy with these sophisticated asset protection strategies.

Personal Finances | Estate Planning

Don't Lose $2,196,000 To This Estate Tax Trap!

To avoid overlooking this huge tax benefit, be sure to place a copy of this article with your estate planning documents.

Personal Finances | General/Other

Save Time And Money With These 6 "Best in Show" Financial Apps

Top picks from the experts to increase your financial health, including FREE tools for managing your personal finances.

Personal Finances | Budgeting, Spending, Saving

How Much Cash Should You Keep On Hand? (Online-Only Article)

Don't fall for the typical financial planner advice. Savvy doctors will be happier, and more profitable, following our advice!

Personal Finances | Budgeting, Spending, Saving

Add Up To $560,000 To Your Health Savings Account (HSA) Balance!

The difference in how you save or invest your HSA funds is truly amazing. Here's how to achieve the higher earning outcome!

Personal Finances | Debt Management

Save Thousands On Your Student Loan Debt And Home Mortgage Refinancing (Online-Only Article)

Reduce interest rates on your student loan and mortgage debt with this exclusive benefit for McGill Advisory members!

Personal Finances | General/Other

Save $8,400 By Terminating The Medicare Premium Surcharge Immediately After You Sell!

Avoid the Part B penalty – don't miss the window to sign up for Medicare or it will cost you big time!

Personal Finances | Credit

Lower Your Credit Card Fees And Rates – Here's How!

Your “slam dunk” investment opportunity.

Personal Finances | Budgeting, Spending, Saving

5 Hidden Pitfalls In Auto Leases; Here's Your Better Deal!

These hidden pitfalls are the reason for our long-held opposition to auto leasing.

Personal Finances | Budgeting, Spending, Saving

Are You Cheating On Your Spouse?

Your relationship and your retirement will both end up better off if you don't avoid talking with your spouse about money.

Personal Finances | Debt Management

Student Loan Repayment Assistance Programs Gain Momentum (Online-Only Article)

Hiring an associate? Corporate dental groups are offering loan repayment assistance as a recruiting tool. Learn what you too can offer to attract a top-flight doctor.

Personal Finances | Budgeting, Spending, Saving

10 More Ways To Save

Why spend more than you need to? Use these resources and strategies to easily reduce your spending & keep more money in your pocket!

Personal Finances | General/Other

How To Limit The Impact Of Surging Medicare Premiums

Have you experienced a life-changing event? Checking your current status against Medicare income rules can save more than headaches!

Personal Finances | General/Other

Beware Of New IRS-Related Email Scam

A new scam has been hatched involving fake tax bills tied to the Affordable Care Act. Here's how to keep from getting duped.

Personal Finances | General/Other

Teaching Your Children About Money (Online-Only Article)

Learning how to manage money is a lot like swimming – there's only so much you can learn by watching. Use these 5 tips to build a strong financial foundation for your children.

Personal Finances | General/Other

Get Your Friends Out Of Your Finances Now!

You need to have an objective advisor working for you that you can hold accountable to achieve the results you want.

Personal Finances | Estate Planning

Wake Up! Two Reasons To Take Action On Your Estate Planning Now

Doctors who act promptly can implement strategies that can dramatically reduce potential federal and state income and death taxes before the new rules go into effect.

Personal Finances | General/Other

Six Steps To Prevent Elder Financial Abuse

Have you ever heard of anosognosia?

Personal Finances | Credit

Improve Your FICO Score To Realize Interest Savings

Be sure you're paying attention to these 5 different factors that are affecting your FICO score.

Personal Finances | Budgeting, Spending, Saving

Top 30 Financial Lessons Learned Over 30 Years

Want an easy-to-implement financial budget, guaranteed to assure your financial success? Check out #15.

Personal Finances | Debt Management

Where To Refinance Student Loan Debt To Cut Rates (Online-Only Article)

Save tens of thousands of dollars over the life of the loan! Here's how to take advantage of growing competition in student loan refinancing.

Personal Finances | General/Other

Consider the Benefits of Downsizing as Retirement Approaches

Emotional and psychological ties often prevent doctors from moving as they near retirement…But knowing the magnitude of economic benefit might change their mind!

Personal Finances | Estate Planning

Is Your Estate Planning In Order?

Implement these 7 strategies now to protect your family after you're gone.

Personal Finances | General/Other

How Is Your Final Health Savings Account Contribution Affected When Enrolling in Medicare? (Online-Only Article)

We examine three possible scenarios that doctors can apply to determine their final HSA contribution.

Personal Finances | Budgeting, Spending, Saving

Are You On Track For Retirement?

If you haven't accurately calculated your monthly living expenses as well as projected them for retirement, there's a chance you're behind on your retirement funding.

Personal Finances | Budgeting, Spending, Saving

Behind In Retirement Savings? 5 Steps to Catch Up Quickly

Shocked by your “number”? Try implementing these 5 tips to reach it faster.

Personal Finances | Debt Management

How To Take Maximum Advantage Of Lower Mortgage Rates Resulting From Stock Market Drop

When interest rates are low, use these 6 strategies to cut your monthly payments, increase deductibility, and accelerate pay-off.

Personal Finances | General/Other

How To Get A Great Deal On Your Next New Car

You may actually save money over time by purchasing a new, rather than used, car…if you use these pointers.

Personal Finances | General/Other

Are You Gaining The Maximum Benefit From Your HSA?

Many doctors may not be aware of the investment options available to make the most of their HSA funds.

Personal Finances | Estate Planning

Your Children's Inheritance – How Much Is Too Much?

This approach attempts to strike a delicate balance between disinheriting the children, and ruining them with too much money.

Personal Finances | General/Other

How Will The New Social Security Rules Affect Your Retirement?

Determining the correct Social Security claiming strategy may add thousands of dollars to your retirement income. And if you're 66 or older before May 1, 2016, be sure to act quickly!

Personal Finances | General/Other

Victim Of Tax Identity Theft? Here's How To Get A Copy Of The Fraudulent Return

Many more doctors were affected by the recent breach than originally estimated (more than triple!) and the IRS is now providing copies of the compromised returns.

Personal Finances | Budgeting, Spending, Saving

3 More Strategies To Cut Medical Costs

Here's how to get top notch medical care, while still protecting your wallet.

Personal Finances | Debt Management

Strategies For Paying Off Student Loans Sooner (Online-Only Article)

Here's our recommended tax-savvy approach to pay off student debt as cash flow improves.

Personal Finances | Debt Management

The Secret To Managing Student Loan Debt – Focus On The Cash Flow! (Online-Only Article)

Most doctors are overwhelmed by their student debt. Here are some strategies to ease the student loan repayment burden.

Personal Finances | General/Other

How To Get Top Dollar When Selling Your Car

There are lots of ways to sell a car. Make sure you do it the smart way.

Personal Finances | Estate Planning

Generate Tax Savings With A Conservation Easement

Here's how to protect both the environment and your tax breaks!

Personal Finances | Debt Management

4 Things They Didn't Tell You About Your Student Loans (Online-Only Article)

In dental school, not much time is devoted to the art of repaying student loans. Here are some tips.

Personal Finances | General/Other

The Growing Risk Of Tax Identity Theft

Gone are the days of low-risk tax filing. Here's what you need to know about the latest scam.

Personal Finances | General/Other

What To Do If Your Tax Refund Is Stolen

If you think you've become a victim of tax fraud, make sure you follow these steps to expedite your recovery.

Personal Finances | Budgeting, Spending, Saving

4 Advantages Of Saving By Automatic Draft

Take the guesswork out of trying to time the market with your investments.

Personal Finances | Estate Planning

How To Safeguard Your Asset Protection Plan (Online-Only Article)

Make sure you're not guilty of these 5 costly mistakes that can neutralize your plan's effectiveness.

Personal Finances | Budgeting, Spending, Saving

The High Cost of Lazy Money

Instead of hoarding idle cash, consider these 4 sources of emergency funds so you don't lose out on hundreds of thousands in retirement!

Personal Finances | Credit

The Case Against Credit Cards

Ditch the card and use cash to trim your spending by at least 30%!

Personal Finances | Budgeting, Spending, Saving

More Ways To Save

Keep more cash in your wallet with these money-saving tips and resources!

Personal Finances | General/Other

The Best Apps To Manage Your Personal Finances

Struggling to keep up with your cash? Here are some of our favorite apps that can help!

Personal Finances | Budgeting, Spending, Saving

How Much Will You Need To Retire? (Part Two)

Use this chart to determine the income-producing assets required at retirement to maintain your standard of living.

Personal Finances | Budgeting, Spending, Saving

How Much Will You Need To Retire? (Part One)

Planning your finances without knowing your spending level is like doing dentistry without taking X-rays.

Personal Finances | Debt Management

How A Home Equity Line Of Credit Can Make You Money

Increase investment returns and reduce interest costs with this flexible financial tool.

Personal Finances | Estate Planning

Protect Your Family With A Letter Of Last Instruction

Your survivors will appreciate your thoughtfulness and foresight in preparing this document so as to ease their stress and provide peace of mind that your final wishes are carried out.

Personal Finances | General/Other

Beware Of Fraudulent IRS Telephone Scam

Don't become a victim! Here are some “red flags” provided by the IRS on how to identify a scammer.

Personal Finances | General/Other

What You Don't Know About Social Security Will Cost You

Could delaying your Social Security benefits result in a greater benefit and a lower tax bite?

Personal Finances | General/Other

Top 10 Asset Protection Strategies (Online-Only Article)

Want to protect your hard-earned wealth from the ever-growing threat of lawsuits? These iron clad strategies will have you sleeping like a baby!

Personal Finances | Budgeting, Spending, Saving

How Does Your Personal Spending Compare?

When they first begin tracking their monthly spending, most doctors are shocked to discover the actual number.

Personal Finances | Budgeting, Spending, Saving

More Strategies To Painlessly Reduce Your Personal Spending

Implementing these tips can help you significantly boost your savings for a more secure retirement!

Personal Finances | General/Other

Doctors Demanding More From Their Personal Financial Advisors

If your investment advisor is not providing these value-added wealth building services to you, it's time for a change.

Personal Finances | General/Other

Navigating The Medicare Maze As You Approach Age 65

When, how, and which plan to sign up for, plus how to pay all related costs on a tax-deductible basis - - find out here.

Personal Finances | Estate Planning

Understanding The Basics Of Asset Protection (Online-Only Article)

Concerned about the threat of ever-rising litigation that could consume your hard-earned assets? Here's how to effectively protect them.

Personal Finances | Debt Management

Tax-Wise Strategy To Get Out Of Debt

Most doctors can't afford to lose close to $200,000 from their retirement nest egg due to making a costly mistake like this one.

Personal Finances | Budgeting, Spending, Saving

How Do Your Personal Wealth, Debt Level, And Annual Savings Stack Up?

Record levels were revealed in our reader survey results. But, what’s the story behind the numbers?

Personal Finances | General/Other

How To Combat The Growing Threat Of Identity Theft (Online-Only Article)

Some thieves are filing false tax returns, requesting refunds of doctors’ withheld taxes! Here’s how to protect yourself.

Personal Finances | Budgeting, Spending, Saving

Achieve Financial Independence By Putting Your Savings On Autopilot

Doctors who save this way have a 95% success rate in becoming fiscally independent.

Personal Finances | General/Other

Top 7 Financial Regrets Of Recently Retired Doctors

Unlike golf, retirement doesn’t allow for a mulligan! Here’s how to avoid the most common (and costly!) mistakes when approaching retirement.

Personal Finances | General/Other

Obama Takes Aim At Strategies For Maximizing Social Security Benefits

While the White House doesn't like “file and suspend,” it's completely legal and requires Congressional action to eliminate, so eligible doctors should take advantage.

Personal Finances | Estate Planning

Slash Estate Taxes Using A Family Limited Partnership (FLP) And Grantor Retained Annuity Trust (GRAT)

MILLIONS of dollars in estate taxes could be saved by using this lucrative technique!

Personal Finances | General/Other

How To Access Your Social Security Benefits Online (Online-Only Article)

Many doctors live out a real “horror story” when their estimated benefits turn out to be dramatically overstated. Don't let this happen to you!

Personal Finances | Estate Planning

Another Unconventional Estate Planning Strategy That Can Save You A Bundle In Income Taxes

Handling inherited property this way could save you hundreds of thousands of dollars in federal and state income taxes!

Personal Finances | General/Other

More Personal Finance “Pearls”

Enrich your bank account with these interesting money-saving tips.

Personal Finances | Estate Planning

Unconventional Estate Planning Strategies That Can Save A Bundle In Income Taxes

One little-known technique for dealing with inherited property saved one of our clients $62,500 in taxes!

Personal Finances | Budgeting, Spending, Saving

Top 30 Wealth-Building Strategies To Boost Your Personal Finances

How well are you managing your money? If you're not already using some of these recommendations, then you could be doing better!

Personal Finances | General/Other

Don’t Miss Out On “Extra” Social Security Benefits

One of our clients generated over $57,000 for himself and his family by following this simple strategy!

Personal Finances | General/Other

How To Save Time And Hassles At The Airport

Doctors who travel frequently should check into these new programs to expedite their passage through airport security.

Personal Finances | Budgeting, Spending, Saving

How A Comprehensive Financial Plan Can Improve Your Health (Online-Only Article)

Are you on the right track to achieving your financial goals in retirement? If you don't have a plan, then you're planning for financial disaster!

Personal Finances | Credit

Beware The Growing Risk Of Credit/Debit Card Fraud

Make sure you’re not carrying around someone else’s expired card in your wallet!

Personal Finances | Estate Planning

8 More Strategies To Slash Taxes And Protect Wealth Using FLPs/LLCs

You may use family limited partnerships and limited liability companies to help slash college costs, but don’t miss all the other ways they can help you save thousands!

Personal Finances | Budgeting, Spending, Saving

Top Apps To Help Manage Your Personal Finances

Want to be financially efficient on the go? Try out these money management apps that will save you time and money!

Personal Finances | General/Other

How To Find A High-Quality/Low-Cost Vacation Rental Online

Get a better bang for your buck on your next family getaway with these alternative properties!

Personal Finances | Debt Management

Another Source For Low Rate/Low Hassle Financing

Doctors with significant personal investments should consider this unique option for low-cost financing; just make sure to weigh the pros and cons.

Personal Finances | Credit

Beware: Your Identity Is At Risk of Being Stolen! Use These Tips to Avoid Becoming a Victim (Online-Only Article)

When it comes to protecting your identity, the best offense is a good defense!

Personal Finances | Debt Management

Increased Competition, Lower Rates Make Jumbo Mortgages More Attractive

Are you in the market for a luxury home? Now may be the most opportune time to make your move.

Personal Finances | Estate Planning

Protect Your Family With A Durable Power Of Attorney

Have you made arrangements for if you become disabled or legally incompetent due to serious illness or accident?

Personal Finances | Budgeting, Spending, Saving

How To Build Wealth While Maintaining An Emergency Fund

Don't lose hundreds of thousands of dollars over the course of your career by leaving “emergency funds” invested at microscopically low returns!

Personal Finances | General/Other

Four Strategies To Fight Back Against A “Lowball” Real Estate Appraisal

Refinancing? Getting an accurate appraisal is critical to saving thousands in interest costs.

Personal Finances | Estate Planning

A Unique Strategy To Protect Your Assets In The Event Of Divorce

A family limited partnership is commonly used for educational funding purposes, but that’s not the only thing this asset protection device is good for.

Personal Finances | Debt Management

Maximize Your Wealth By Properly Timing Your Debt Payoff

“No one ever went broke getting out of debt.” But when and how you do it is what will make the difference.

Personal Finances | Budgeting, Spending, Saving

Am I Saving Enough? (Online-Only Article)

Many unknown variables may affect your ability to retire when you want to, so make sure you pay close attention to the one aspect you CAN control – how much you are saving.

Personal Finances | General/Other

How To Save Thousands On A New Car Purchase

Times are changing - - Now you might actually save a buck or two when purchasing a new, rather than used, car.

Personal Finances | Debt Management

Reducing Student Loan Payments (Online-Only Article)

If you can't seem to get out from under student loan debt, or if you have children with student loans, consider these options for reducing interest rates and monthly payments.

Personal Finances | Estate Planning

Three Estate Planning Mistakes That Can Cost You Thousands

When making plans for elderly relatives’ estates & assets, make sure to consider these factors in order to come out ahead!

Personal Finances | General/Other

Social Security Taxes And Benefits Headed Higher In 2012

Social Security taxes and benefits are expected to rise significantly in the coming year. Prepare yourself for the changes.

Personal Finances | Budgeting, Spending, Saving

Do You Have An Automatic Savings Plan? (Online-Only Article)

Are you a saver, a spender, or a giver? The truth is, it’s best to be a little of all three; finding a balance between them all is the hard part! Here’s how to find a balance AND reach your financial goals!

Personal Finances | General/Other

5 Strategies To Maximize Your Family's Social Security Benefits

Many doctors are not fully reaping the benefits of their Social Security, simply because no one told them how. Learn how to get the most out of the benefits entitled to you.

Personal Finances | Estate Planning

Use An Irrevocable Life Insurance Trust to Gain Five Benefits

Most doctors assume that life insurance proceeds will be tax-free at their death, but they would be mistaken!

Personal Finances | Estate Planning

Use The “Perfect Storm” To Create Huge Estate Tax Savings For High Net Worth Doctors

Congress finally updated the estate tax law. Doctors should act now to take advantage of the newly added provisions.

Personal Finances | Budgeting, Spending, Saving

Cut Discretionary Spending 30% By Paying With Cash

Here’s two of the most effective ways to deal with out of control living expenses, followed by some benefits of kicking the credit habit.

Personal Finances | Estate Planning

6 Estate Planning Strategies That Every Doctor Needs

Half of doctors we meet with either don't have any estate planning documents or have outdated documents. Don't leave your family unprotected.

Personal Finances | Budgeting, Spending, Saving

Living Well “On The Cheap” Through Online Bargain Shopping

Shave hundreds, if not thousands, off monthly personal living expenses, without sacrificing quality of life.

Personal Finances | General/Other

Three Reasons You Need A Financial Coach

Managing your practice is difficult enough. Hiring an outside consultant to make you “eat your spinach” is what most doctors need to achieve financial success.

Personal Finances | Budgeting, Spending, Saving

Top 10 Strategies Doctors Are Using To Slash Personal Spending

As the gap widens between doctors’ net worth and assets required for retirement, proper budgeting is essential.

Personal Finances | Budgeting, Spending, Saving

How to Make Budgeting For Personal Living Expenses Easier

Free, user-friendly internet resources leave even the laziest doctors with no excuse to not track their spending.

Personal Finances | Debt Management

Earn “Free Money” By Making Mortgage Payments By Automatic Draft

Make your life easier through an automatic payment program.

Personal Finances | Credit

Online Resources to Check Your Credit

As lending conditions remain tight, monitoring your credit report and taking steps to improve your credit score is essential to obtain the best loan.

Personal Finances | Debt Management

Achieve Higher Guaranteed Investment Returns by Prepaying High Interest Rate Debt

You could double, triple, or even quadruple, your current rates of returns on cash, on a no-risk basis, simply by paying down debt.

Personal Finances | Credit

Improve Your Credit Score to Reduce Home Mortgage Interest Rates and Costs

With credit standards tightening, your credit score is more important than ever to obtaining an attractive mortgage interest rate.

Personal Finances | General/Other

Strategies To Maximize Your After-Tax Take From Social Security

Before you retire, make sure you determine the most tax efficient way to begin taking your social security benefits.

Personal Finances | Budgeting, Spending, Saving

Reach Retirement Goals Faster By Cutting Personal Spending

What’s your number? The amount you need to retire is probably much bigger than you think.

Personal Finances | Budgeting, Spending, Saving

How to Determine the Best Way for You to Save for Retirement

Pre-tax vs. after-tax? Which means of saving is right for you?

Personal Finances | Estate Planning

Take Time to Review Your Beneficiary Designation Forms and Avoid Financial Disaster

Failing to properly complete/update beneficiary designation forms could prove disastrous. Have you reviewed your forms lately?

Personal Finances | Credit

Five Steps To Improve Your Credit Score And Qualify For The Lowest Interest Rates

Banks are now looking more closely than ever at your credit score since the credit bubble collapsed in 2008.

Personal Finances | Budgeting, Spending, Saving

Curb Your Overspending: How to Master the Psychology of Change

The fact is that most doctors must change their spending and saving habits to successfully adjust to the new economic reality.

Personal Finances | Budgeting, Spending, Saving

How to Assure a Successful Retirement Despite the Stock Market Crash

As economic conditions worsen, doctors may need to adjust their game plan to achieve financial security in retirement.

Personal Finances | General/Other

Recent Developments Make Auto Leasing Even More Unattractive; Better to Purchase Your Next Car

Multiple problems with leases make this a bad option for a doctors looking to buy a new vehicle.

Personal Finances | Budgeting, Spending, Saving

How Do Your Monthly Personal Living Expenses Compare?

Setting and maintaining a personal budget is paramount to a doctor’s financial well being.

Personal Finances | General/Other

Top Ten Wealth Building Strategies as You Approach Retirement

Making the right financial decisions leading up to retirement can add hundreds of thousands of dollars to your nest egg.

Personal Finances | Credit

Should You Freeze Your Credit Report to Help Prevent Identity Theft?

While freezing your credit report can help prevent identity theft, the end to instant credit approval does have drawbacks.

Personal Finances | Estate Planning

Improve Asset Protection Using a Limited Liability Company (LLC)

Doctors need to review their assets to determine their potential exposure in the event of a lawsuit.

Personal Finances | General/Other

Websites to Make the Most of Your Next Trip

Plan ahead with your travels so you don’t return home disappointed.

Personal Finances | General/Other

5 Strategies to Upgrade Your Airline Seat to First Class on the Cheap

Don’t pay full price for first class without first trying these ways to snag a low-cost seat.

Personal Finances | Budgeting, Spending, Saving

Time to Adjust Your Personal Spending and Savings Rates To Avoid a “Train Wreck” at Retirement

Given longer life expectancies, reduced Social Security benefits, and higher spending habits, doctors must make changes.

Personal Finances | Credit

Five Steps to Improve Your Credit Score and Qualify For Lower Mortgage Interest Rates

A good credit score can save you thousands of dollars in interest over the life of your loan.

Personal Finances | Debt Management

New Websites Make Mortgage Shopping Easier For Doctors

Shop around before financing or refinancing a mortgage to save hundreds, sometimes thousands, of dollars.

Personal Finances | Budgeting, Spending, Saving

How to Negotiate Substantial Discounts On Everyday Purchases

Why pay retail when you don’t have to?

Personal Finances | Debt Management

Save Thousands By Paying Off High-Interest Debt With Low Rate Home Mortgage Financing

Now’s the time for doctors to closely review their current debt service and determine methods to reduce their effective interest rates.

Personal Finances | General/Other

How to Save Thousands on New Car Purchases Using Internet Pricing Data

The key to negotiating the price of your new car is to prepare for battle before you go to the dealer.

Personal Finances | General/Other

Three Steps to Increase Your Wealth by Millions for Retirement

Here’s how one tax and business planning client made “all the right moves” in planning for retirement.

Personal Finances | Estate Planning

How Much Should You Leave Your Children?

Leaving everything to your children often does more harm than good.

Personal Finances | Estate Planning

10 Reasons to Review Your Estate Plan

Too many doctors assume estate planning is a “one shot deal,” costing their heirs thousands of dollars in unnecessary taxes.

Personal Finances | Budgeting, Spending, Saving

Five Steps to Achieve Financial Independence

In this era of economic uncertainty, doctors should act decisively to put their financial house in order.

Personal Finances | General/Other

In What Order Should You Use Your Assets to Meet Income Needs in Retirement?

Correctly choosing how to draw on your assets in retirement will make your money last longer.

Personal Finances | Budgeting, Spending, Saving

Increase Savings by Eliminating the “Gone Factor”

Implementing an automatic savings program is essential to reaching financial independence.

Personal Finances | Debt Management

Ten Strategies to Save Thousands on Your Next Home Mortgage Financing

Mortgage brokers are notorious for taking advantage of borrowers; don’t let that happen to you.

Personal Finances | General/Other

Top Websites to Master 10 of Your Most Important Personal Finance Decisions

Use the internet to get informed and improve your financial life.