Financial Well-Being: A Rx for Physicians

by Mike O'Donnell, Ryan O'Donnell

Overview

Based on our research, industry interviews, and professional experience, this book: • Presents the formula for true wealth management and conveys the great value of evidence-based investing; • Articulates the main life-cycle challenges at different points in their careers, from starting out to maintaining a practice to retirement and beyond; • Explores and describes the advanced planning issues unique to physicians, from enhancing tax results to protecting the family’s wealth to estate planning and charitable legacy implementations. • Details the next steps for successful physicians seeking financial piece of mind. Wherever you find yourself in your career—and however successful you have been to date—the information, stories and specific advice presented in this book will give you much to think about, and may help you make some important decisions to strengthen your long-term financial situation and achieve all your family’s goals and dreams.

Product Details

ISBN-13:	9781543919820
Publisher:	BookBaby
Publication date:	01/01/2018
Sold by:	Barnes & Noble
Format:	eBook
Pages:	76
Sales rank:	690,360
File size:	4 MB

About the Author

Brothers Mike O'Donnell, CFP® and Ryan O'Donnell, CFP® founded The O'Donnell Group, an independent Registered Investment Advisory firm, to provides its clients with comprehensive wealth management services and custom-designed financial peace of mind. Mike and Ryan serve as their affluent clients' Chief Financial Officers, and help them to comprehensively address their biggest financial concerns:

• Preserving their wealth
• Mitigating their taxes
• Taking care of their heirs
• Ensuring their assets aren't unjustly taken
• Helping them make their charitable gifts more impactful

If you are a qualified potential client with $1 million or more of investable assets and wish to take advantage of their free second opinion service, please take a further look at The O'Donnell Group's website at http://ogWealth.com, or contact Mike or Ryan at: The O'Donnell Group 2571 California Park Dr. Suite 130 Chico, CA 95928 [phone]

Table of Contents

I An Introduction to Wealth Management for Successful Physicians 1

A Whom This Book Is for and What It Can Help You Accomplish 1

B The True Wealth Management Formula 4

C A Comprehensive, Consultative, Proactive Process 8

II Life Cycle Challenges Faced by Successful Physicians in Uncertain Times 13

A Your Unique Situation as Framed by Persistent end Pervasive Challenges 13

B Life Cycle Challenges: From the Early Years Through Retirement and Beyond 14

The Early Years: A Financially Challenging Start 17

Throughout Their Careers: Ongoing Stresses and Challenges 20

During Retirement 22

Estate Planning and Beyond 24

C Historical Trends and Uncertainty in Times of Great Change 28

D Trusting Neither Too Much nor Too Little 30

III Evidence-Based Investing 33

A Bottom-Line Takeaways From Evidence-Based investing 35

B Controlling Contralladles: Constructing a Globally Diversified Low-Fee Portfolio 40

C Behaving and Misbehaving: Expectations and Keeping the Discipline 44

D Follow the Money: Benefits of Working With a Fiduciary RIA 47

IV Advanced Planning: Wealth Enhancement, Transfer, Protection, and Gifting 49

A Wealth Enhancement: Keeping More of What You Make by Minimizing Taxes 50

B Wealth Transfer: Taking Care of Family and Heirs for the Long Run 54

C Wealth Protection: Making Sure Your Assets Aren't Unjustly Taken 56

D Optimizing Your Charitable Intentions and Legacy 58

V Next Steps for Successful Physicians Seeking Financial Peace of Mind 61

A What You Will Learn From Our Valuable, Free Second-Opinion Service 62

B A Little Time for a Lot of Peace of Mind 63

C Finding the Right Wealth Manager 64

VI About the Firm and the Authors 67