Mark MacDonald, President of Physicians Financial Health, Interviewed on the Influential Entrepreneurs Podcast Discussing Tax Mitigation Strategies

Published on November 18, 2022

Mark MacDonald discusses how Physicians and other high income, and net worth individuals can take control of their taxes by utilizing tax-incentives inside the IRS tax code.

In the interview, Mr. MacDonald discusses how Physicians and other high income, and high net worth individuals can reduce taxes on their current and future income, investments and estates utilizing a variety of tax-advantaged and tax-free strategies and products. One very popular strategy involves cash-value life insurance utilizing tax code 7702 and 72(e). Other popular IRS tax advantaged opportunities include well known tax codes 401(k), 403(b) and 457. There are many more IRS tax codes available for tax mitigation and tax elimination strategies.

Some questions covered in the interview include:

  • Can retirement savings be passed to kids without having to pay taxes?
  • How do retirement savings impact the ability to receive financial aid for college tuition?
  • Is there any way to be more tax-efficient with savings?
  • How one can plan their future income, investments and estates based on tax-me now, tax-me later and tax me never investment strategies

Listen to the interview on the Business Innovators Radio Network :

Physician Financial Health was created when Mark MacDonald and his Certified Financial Planner co-founding partner, Dr. Mark Rieger, CFP®, recognized that Physicians are always taking care of others but often don’t have the time or correct information to make the most informed financial decisions for themselves.

As an Investment Fiduciary, National Financial Literacy Educator, Financial Planner, and Retirement Specialist, Mark MacDonald joined Dr. Mark Rieger in pledging a financial Hippocratic Oath to take care of Physicians and their personal finance needs.

That pledge led to the creation of Physicians Financial Health, the exclusive Physician only organization dedicated to providing Physicians with the same financial resources and level of support they have in their medical practice.

Most importantly, Mr. MacDonald and Dr. Rieger recognize physicians’ most valuable asset is time, so they created a financial membership organization with “on call” financial service and support. They also recognized Physicians have different financial needs based on their personal and professional life stages, so a 3-Tiered membership program was created to meet their financial and professional goals.

At the core of each membership level is a personal Physicians Financial Health Plan that organizes, monitors, and updates a Member Physician’s personal finances in one comprehensive, integrated, adjustable, living, breathing plan that is updated in subsequent years into retirement.

About Mark MacDonald

Mark MacDonald is a licensed Investment Advisor Representative with Brookstone Capital Management (TD Ameritrade/Schwab Account Custodian), Licensed Life and Health Insurance Producer, Certified National Social Security Advisor and Certified College Planning Specialist. He is a former U.S. CEO and publishing executive at leading financial news companies including US News and World Report, Individual Investor and Ticker broker/dealer magazine.

Mr. MacDonald’s biggest priorities and responsibilities focus on ensuring Physician Financial Health serves its exclusive Physician Members and their personal finance needs.

In addition to co-running the membership organization, Mark still finds time to work one-on-one with Physician Members to develop and update their Physicians Financial Health Plan.

Mark is a member of the BBB, National Ethics Association, International Association of Registered Financial Consultants, National Association of Insurance and Financial Advisors, Association of Financial Educators, National Social Security Association and National Institute of Certified College Planners.

Learn More:

Investment Advisory Services offered through Brookstone Capital Management. LLC (BCM), a registered investment advisor. Advanced Wealth Preservation and Brookstone Capital Management are independent of each other. Insurance products and services are not offered through BCM but are offered and sold through individually licensed and appointed agents. Any comments regarding safe and secure investments, and guaranteed income streams refer only to fixed insurance products. They do not refer in any way to securities or investment advisory products. Fixed Insurance and Annuity product guarantees are subject to the claims‐paying ability of the issuing company and are not offered by Brookstone Capital Management. Third party ratings and recognitions are no guarantee of future investment success and do not ensure that a client or prospective client will experience a higher level of performance or results. These ratings should not be construed as an endorsement of the advisor by any client nor are they representative of any one client’s evaluation. The National Social Security Advisor certification is obtained by completing and passing a certification exam and requires biennial continuing education. The NSSA certification is not affiliated with or endorsed by the Social Security Administration or any other government agency. More information regarding the certification can be found at

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