The interview: Russ Alan Prince

Retirement By The Book:. Russ Alan Prince: Author, Physician Financial Planning in a Changing Environment. If financial planning is "one big jigsaw puzzle," then Russ Prince wants to show you how to put it all together. To Prince who wrote Physician Financial Planning in a Changing Environment with research and technical assistance from Edward K. Phillips and Harold Apolinsky it's all so simple. Define your objectives, find a financial planner who can help you reach them, and fine-tune as needed. Of course, there's a catch: It's your money, so you'd better understand what your planner's doing with it. . That's where his book comes in. Published earlier this year by McGraw-Hill and sponsored by the Medical Group Management Association, Physician Financial Planning explores doctors' changing financial world and provides a basic understanding of the different financial products available and their pros and cons. . His advice: If anyone starts offering you guaranteed financial results, watch out. "Nobody can ever make explicit guarantees. The best we can do is help you plot a course, and make incremental adjustments to help you stay on that course." . But you'd better get busy now. . PPD: What is the biggest obstacle physicians face in saving enough money for retirement? . Prince: The biggest mistake physicians make is giving ...

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