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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | General/Other

Six Steps To Prevent Elder Financial Abuse

Have you ever heard of anosognosia?

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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | General/Other

More Personal Finance “Pearls”

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

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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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.