Articles

Protecting Against Identity Theft Following the Equifax Data Breach Key personal information for 143 million Americans (half the country) was exposed, including Social Security numbers, birthdates, addresses and drivers license numbers. In some cases, the thieves stole security questions and answers used on some websites to verify users’ identities. This can allow scammers to change their victims’ passwords and account settings. In terms of […]
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Low Inflation (and Therefore Interest Rates) Should Continue to Buoy the Economy and Financial Markets for the Foreseeable Future The Federal Reserve is mildly frustrated that its efforts to boost economic growth and raise the inflation rate to its desired 2% level have been stymied by certain anti-inflationary forces. These include drops in gas prices, telecom rates and the growth of Amazon’s efficient distribution system, all things that hold down the cost of living. […]
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Municipal Bonds From Natural Disaster Zones We’ve gotten questions from doctors on the safety of municipal bonds from issuers located in natural disaster zones – hurricanes, earthquakes, etc. We believe these concerns are overblown. Prices have barely budged on bonds issued in the affected areas. The market knows that they will recover and the issuers will not miss principal or interest […]
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Practice Acquisition Financing Banks have long since learned that buyers of dental practices are low credit risks. They lend large sums of money to young buyers with tons of student debt, confident that the goodwill will transfer from the seller to the buyer and the buyer will be profitable. (That’s a nice boost of confidence to a young […]
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What Accounts for the Different Rate Offers Among the Various Banks? Obviously, one bank’s underwriting department is assessing the borrower’s credit or the practice’s cash flow differently than another bank’s. Often, it is the way these loans are sold. Some banks incentivize their loan officers by paying them a yield spread premium. This means the higher the interest rate the more commission they earn. Other banks […]
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Loan Prepayment Rights The other key loan feature is the right to prepay without penalty. The bank doesn’t want to be prepaid. If interest rates fall and the borrower wants to refinance, the loan is paid off and the bank must relend at the new lower rates. Negotiate for the removal of the prepayment penalty. If the bank […]
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Taking Advantage of the American Opportunity Tax Credit This is a $2,500 tax credit for the first four years of college. The student must be in school at least half-time and eligible expenses include tuition, books and student fees. Room and board do not qualify. The credit phases out for individuals with adjusted gross incomes in the range of $80,000 – $90,000 and […]
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Forbes Magazine’s 100th Anniversary Issue This special edition contains short essays from 100 top business minds on business, investing and how to live a good life. The $7.99 newsstand price will be the best deal on practice management advice you’re likely to ever see.
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Seminar Updates in the Wake of Hurricane Irma We’re sorry to report that we’ve had to cancel our 2018 five-day Aggressive Business, Tax and Practice Management Seminar, scheduled for Feb. 12-16, 2018 in St. Thomas. The Virgin Islands and their poor residents took a direct hit from the hurricane. We’re told that the Marriott Frenchman’s Reef, where we’ve conducted this seminar in recent […]
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