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Tuesday, January 19, 2021

Happy New Year! And what an interesting year we're coming into. With 2020 not too far in the rearview mirror, I want to take a minute to look back at the investment landscape over the last 12 months and re-iterate the best advice I...

 

Monday, December 28, 2020

As you've probably read, today practice owners got a belated holiday gift from the American Government: the Consolidated Appropriations Act. This bill is a 5,000+ page document with lots of bells and whistles which affect many...

 

Monday, October 12, 2020

I hope this message finds you well as we head into the last three months of a very tumultuous 2020. For those of you who are ready to get started on a custom designed financial and investment plan, please note that our highly popular...

 

Sunday, September 13, 2020

A funny story: last weekend I was packing up furniture from my parents’ garage to move into a rental house and was stopped by a passerby who asked “are you packing up for college?”. My parents thought it was...

 

Sunday, August 30, 2020

Week 2 of insurance we’re going to review what’s usually the most under-insured part of practice owners’ picture: umbrella insurance. It’s best to think of umbrella insurance as lawsuit insurance—it...

 

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Sunday, August 23, 2020

When working with clients, one of the planning items we review is insurance, including disability, homeowners, auto, umbrella and life. Each of these policies are very important in the event that something terrible happened, but a...

 

Sunday, August 16, 2020

As of Friday’s close, the S&P 500 was down -0.17% year to date. That’s right—with everything going on, the largest 500 companies in the US’s stock price was down less than a quarter of one percent. In fact,...

 

Sunday, August 9, 2020

2020 has given us quite a bit to worry about- avoiding Covid-19, keeping practices afloat during quarantine, juggling having children home with work. But amid all this, don't forget a nagging, ongoing threat: cyber security. This week...

 

Sunday, July 26, 2020

With everything going on in the world, sometimes I forget that we’re in an election year. An election year with so many issues going on, the Bush/Gore recount looks like a minor snafoo. And an election year where is seems...

 

Sunday, July 19, 2020

It’s strange to be writing this in July, but Happy Tax Week! Hopefully everyone got their returns (or extensions) in by Wednesday as required. Since taxes are fresh on most of our minds, I want to discuss a sticky little subject...

 

Sunday, July 12, 2020

One by product of all the recent government programs is a renewed discussion of this concept of “Fair Market Wage”. After reviewing hundreds of financials, a common theme for S-corp owners is to underpay themselves and take...

 

Sunday, July 5, 2020

On Friday Bloomberg posted an article about the return perils in 2020 for jittery stock owners who tried to get in and out of the market. You can read the whole thing here, but the bottom line is investors who held tight have ended up...

 

Sunday, June 28, 2020

I have to confess, I’m a bit baffled by the use of a given name as a descriptor these days (particularly unfortunate if your name is Karen), but one has been popping up lately that has actually been around for over 20 years, and...

 

Sunday, June 21, 2020

Happy Father's Day! I hope all the dads out there got to sleep in and receive nice tokens of appreciation from your family. After writing this, I am picking up the phone to call my dad, Dr. Jerry Hayes, and let him know how much I love...

 

Sunday, June 14, 2020

Over the past couple of weeks, I’ve found myself talking about the stock market as much as Covid-19. Why? In the first quarter of 2020, the economy was down 4.8% and we learned we are officially in a recession. The most recent...

 

Sunday, June 7, 2020

Last week I wrote on an overview of government programs available to practice owners and included a bonus spreadsheet for tracking/justifying expenses related to each program. Perhaps not surprisingly, I received a lot of...

 

Sunday, May 31, 2020

Over the last few weeks the EIDL and PPP loans have been rolling in to practices, lifting a heavy financial burden off of practice owners. While I’m not a practice management expert, I’m having a lot of calls with clients...

 

Sunday, May 24, 2020

Happy Memorial Day weekend! I hope you have wonderful, socially distanced plans to relax with your family and friends. Tomorrow is supposed to be a day of relaxation and remembrance, and today I want to remind you that it is not a day...

 

Sunday, May 17, 2020

There's a question I get almost every time I speak with ODs, and just in case it's one you're curious about, I thought I would share it: What's going on with Private Equity these days? The Good News Across multiple groups, it seems...

 

Sunday, May 3, 2020

As an investor, its easy to get caught up in the sexy side of the stock market. Early investors in “darlings” like Google, Apple and Amazon can have some pretty impressive return numbers to share at cocktail parties. This...

 

Sunday, April 26, 2020

Last November, I did a webinar with Dr. Mick Kling, practice management consultant and an advisor on the financial management techniques in the book Profit First. He had a lot of excellent advice (if you’re interested in seeing a...

 

Sunday, April 19, 2020

Last Friday, I had the pleasure of sharing a webinar with practice owners about managing personal finances during COVID-19. You can watch it here (the password is e0&8A=3s). One of the things I talked about was the importance of asset...

 

Sunday, April 12, 2020

Not surprisingly, I've had a lot of conversations about investment portfolios over the last month. Reactions to recent market performance has ranged from "sell everything!" to discussion of borrowing money to invest. A common thread...

 

Sunday, April 5, 2020

First, thanks to so many of you for the kind words over the past week. I know my dad has appreciated the camaraderie from his note on Friday and with strict social distancing measures in place for most of us, it’s refreshing to...

 

Friday, April 3, 2020

When my dad suggested writing this, I didn't hesitate to say yes. But I asked for a Friday delivery. We've gone a lot of weekends with the market opening down (last weekend being a notable exception due to passed legislation), and I...

 

Tuesday, March 31, 2020

This is just a quick note to remind you that the Emergency Paid Leave Sick Act and Family Relief Act goes into law tomorrow. If you're not familiar with the ins and outs, this law requires employers to pay employees up to 12 weeks of...

 

Sunday, August 4, 2019

If you read the news, it’s hard to miss the “You could get up to $20,000 from Equifax” articles circulating. The reality is if you were a part of the breach, you can credit protection or some undetermined settlement...

 

Friday, August 2, 2019

Since the July 16th webinar, I’ve had the opportunity to speak with over 20 doctors about the value of their business in today’s market versus the value of the cash flow their business produces. I know talking with a...

 

Wednesday, May 8, 2019

My husband and I are currently relishing a short getaway from our tiny humans in Healdsburg, California. There are only so many wine tastings we can manage in a day (one), so we were killing some time before dinner browsing through the...

 

Tuesday, November 13, 2018

Tip: How Much? Check your Social Security earnings and see an estimate of your benefits on the website, www.ssa.gov. Social Security’s been a fact of retirement life ever since it was established in 1935. We all think we know how...