Sep 26, 2018
Dr. Peter Steinberg is a board-certified urologist and the director of endourology and kidney stone management at Beth Israel Deaconess Medical Center, one of the chief teaching hospitals of Harvard Medical School, where he is an Assistant Professor. He graduated from the University of Pennsylvania School of Medicine. He completed a urology residency at Dartmouth Hitchcock Medical Center and an Endourology Fellowship at Montefiore Medical Center.
His interests include: medical malpractice/expert witness, patient safety, communication in the operating room, medical writing, consulting related to medications and devices, health care venture capital, angel investing and public speaking. He has extensive experience as a urologic expert witness. He has been a guest on several other podcasts, most notably "The White Coat Investor" and "Radical Personal Finance".
Based on our conversation, I'd say this work seems like a really good way to augment your clinical practice income. It's the ultimate moonlighting, in which you can make MORE than moonlighting clinically.
We did not talk about this, but work as an independent contractor, rather than an employee, allows you to create some beneficial tax-favored retirement accounts. These include options such as a SEP-IRA or a Solo 401(k).
I’m not an accountant, so don’t rely on my advice on a retirement account. But definitely check it out if you work as an independent contractor, such as an expert witness, in addition to any employment arrangement you may have.
Here are just some of topics we talked about during our conversation:
You can connect with Peter on LinkedIn – just search for Peter Steinberg MD. Show notes and a transcript for download can be found at vitalpe.net/episode053.