77th ASSH Annual Meeting - Back to Basics: Practice and Education-IC09: A Bird in the Hand is Worth Two in the Bush? (AM22)

Video Transcription

Video Summary

The video is a panel discussion on personal finance topics, covering retirement planning, equity investing, using a financial advisor, and charitable donations. The panelists emphasize the importance of saving for retirement and provide tips on how much to save and what retirement accounts are available. They discuss the pros and cons of using a financial advisor and stress the importance of finding one who is a fiduciary. The panelists encourage individuals to educate themselves and develop a financial plan that fits their needs and goals. They also discuss budgeting, investments, college savings plans, estate planning, and insurance. The speaker shares their personal preference for doing their own budgeting and investment discussions with their partner but also expresses openness to working with a financial planner. They mention the importance of being aware of the fiduciary status of financial advisors and mention websites like White Coat Investor as a resource. The speaker briefly touches on rebalancing a portfolio and recommends the Personal Capital app for tracking investments and retirement goals. They provide an overview of different types of college savings plans, estate planning basics, and insurance options. The speaker also highlights the benefits of donating appreciated stocks to charity and using a donor-advised fund for charitable giving. Overall, the panel provides practical advice and insights on personal finance.

Meta Tag

Session Tracks Practice Management

Speaker David Veltre, MD

Speaker David William Zeltser, MD

Speaker Ines C. Lin, MD

Speaker Joshua M. Adkinson, MD

Speaker Kalpit N. Shah, MD

Keywords

personal finance

retirement planning

equity investing

financial advisor

charitable donations

saving for retirement

fiduciary

financial plan

budgeting

investments

college savings plans

estate planning