Steven Podnos MD, CFP

Steven Podnos MD CFP attended the University of Florida College of Medicine and trained in Internal Medicine, Pulmonary and Critical Care Medicine at UT Southwestern in Dallas Texas. He moved back to Florida with his physician wife (ENT) and raised a family while practicing Pulm/CC medicine for over twenty years. During that time, he also started and ran a Hospitalist program for several years. In 2002, Steve began a slow transition towards having a Fiduciary Fee Only Financial planning practice-at first just for friends and family. As the practice grew, he transitioned out of full time medical practice to full time financial planning. Dr. Podnos joined the US Air Force Reserve in 2008 as a critical care physician and flight surgeon. He deployed twice to Landstuhl Army Hospital in Germany as an intensivist during the Afghanistan war in 2009 and 2010, and as a critical care air transport (CCATT) physician in Okinawa in July 2018. His firm, Wealth Care LLC now serves approximately 100 physician families nationwide and another fifty non physician families with both financial planning and wealth management. He is a staunch advocate of independent medical practice, believing that the corporatization of medicine and Electronic Medical Records are both harmful to physicians.

Don’t Be Fooled on Asset Protection

I constantly come across articles and information trying to scare physicians into buying complex asset protection schemes like at this site. I get calls periodically from physicians that attend medical conferences at which “asset protection specialists” detail expensive offshore trusts and “Nevada trusts” and “interlocking LLCs”. They want to know if they should be moving…

The Crimes of Whole Life Insurance Salespeople

One of the most expensive mistakes we see young physicians make is when they succumb to whole life insurance salespeople and buy a whole life policy.  They are lied to about the insurance ‘being a good investment”, and “security for the future.” Peter Lazaroff makes some good points in his WSJ article “The Case Against Permanent…

FIRO, not FIRE

For my first article at Authentic Medicine, I’ll reference a recent article I published at Doximity.com as I think the concept is important for many of us.  The article begins: “The FIRE (financial independence, retire early) movement is hot, and even now, many physicians advocate for its benefits. The concept is usually to work hard and…