Jay Foonberg

Regardless of inflation, recession, boom, or depression, the answer to this question remains the same: You need enough cash (or guaranteed income) to support yourself and your family for one year. In other words, assume that even though your practice grows,you will not be able to take any cash out for one year. [more]

I, personally, do not recommend you consider “specialization” until you have been in practice for six months to one year. I believe you need this time for two reasons: [more]