Weekly Rounds: Issue #011

Week of 7/13/2025

Author

Wealth Rounds
July 13, 2025 • Estimated Reading Time: 4 minutes

Welcome, colleagues! 💼 As physicians navigating both clinical practice and financial landscapes, we face unique challenges that standard financial advice rarely addresses. This month, I've curated insights on asset protection strategies specifically designed for our profession, entrepreneurial excellence, and crucial tax considerations. The recent One Big Beautiful Bill Act deserves our attention, as does the opportunity in high-yield CEFs currently available. Let's protect what we've earned while strategically growing our wealth. 📈

👨‍⚕️ Top 16 Asset Protection Strategies for Doctors

Source: WCI
Published: July 13, 2025

Doctors require comprehensive asset protection to safeguard their finances. Effective protection plans are characterized by simplicity, affordability, and high efficacy in preventing financial losses. These strategies help physicians maintain financial security while navigating the unique risks associated with their profession.

👨‍⚕️ 7 Secrets to Be Better Than 99% of Physician Entrepreneurs

Source: InvestingDoc
Published: July 7, 2025

Successful physician entrepreneurs can gain competitive advantage through seven key strategies derived from extensive practice management experience. These insights help doctors elevate their businesses significantly when implemented. The practical wisdom shared comes from consulting with numerous physicians seeking to transform their entrepreneurial ventures and private practices.

👨‍⚕️ One Big Beautiful Bill Act — What physicians need to know

Source: Medical Economics
Published: July 7, 2025

The One Big Beautiful Bill Act outlines healthcare regulations in the new Republican-supported spending plan. It addresses physician concerns and regulatory changes affecting medical practice nationwide. The legislation aims to streamline healthcare administration while maintaining quality standards for patient care.

📝 Wall Street’s Deepest Values: 5 Cheap CEFs Yielding 7%+

Source: Forbes
Published: July 13, 2025

The article discusses Closed-End Funds (CEFs) as an undervalued investment opportunity for income-seeking investors. These funds represent an inefficient market segment yielding 7%+ that creates advantages for contrarian investors looking for dividend deals in less-explored corners of the financial marketplace.

💵 Estimated Taxes and the Safe Harbor Rule

Source: WCI
Published: July 9, 2025

Self-employed physicians must understand estimated tax payments to avoid penalties. The safe harbor rule provides protection when meeting specific payment thresholds. Making quarterly payments based on current income helps manage tax obligations throughout the year rather than facing a large bill annually.

The financial landscape for physicians requires both protective measures and growth strategies. Whether implementing asset protection, optimizing your quarterly tax payments, or identifying undervalued investment opportunities, the path to financial independence demands deliberate action. Remember, our greatest advantages lie in knowledge and disciplined execution. Let these insights guide your next financial decisions as you build toward long-term security. 💼