About the Author
Financial Wellness co-columnist Fritz Wood is a veterinary industry veteran with a special interest in finance. He works with Triune Financial Partners to connect veterinarians with experienced, independent financial planners. He is the former personal finance editor of Veterinary Economics and was a treasurer and board member at the American Veterinary Medical Foundation. He holds bachelor degrees in accounting and business administration from the University of Kansas.
Written By This Author

Finance
Aligning Your Finances at Home and Work
Fiscal unity with a significant other helps veterinarians thrive with less personal and professional strain.
Finance
Roth Contributions and Your 401(k)
Investors sometimes need to be prognosticators when earmarking pretax and after-tax dollars.
Finance
Updating Your Clinic’s Retirement Plan
Tax credits, automatic enrollment, contribution limits and catch-ups are all factors you should consider when updating your veterinary practice's retirement plan.
Finance
Understanding Student Loan Consolidation: Is It Right for You?
Key tips to student loan consolidation and managing them wisely.
Finance
What Are You Doing With All That Cash?
Plowing money into a business checking account benefits the financial institution, not you or your practice.
Finance
How Much Do You Need for Retirement?
While there’s no magic number, financial planning can prepare you for an era of serenity.
Finance
The Importance of Emergency Savings
Stockpiling what-if cash turns life’s emergencies into mere inconveniences.
Finance
Start 2025 on the Right Financial Foot
The clock is ticking on all the ways you can shore up your accounts, reduce taxes, and plan for the unexpected or inevitable.
Finance
A Guide to Getting Started in Investing Money
When is the right time to invest my money? How do I get started? This personal finance guide covers the biggest questions for veterinary professionals.
Finance
Tilting the Balance in Your Favor
One defined benefit plan offers business owners higher contributions for retirement and more tax advantages.
Finance
What Did We Learn About SECURE 2.0?
Retirement plans, employer incentives and participant options have improved and will continue to do so.
Finance
Choosing the Best Retirement Plan
Your practice might need an overhaul if you neglect to monitor a few key performance indicators.
Finance
What to Look for in a Financial Adviser
Every strategy, decision and recommendation must have your best interests at heart.
Finance
Are You on Track to Financial Freedom?
Failing to save and not setting long-term goals are two of the deepest potholes on the road to success.
Finance
How to Choose a 401(k) Partner
Plan recordkeepers and their fee structures vary widely. An independent adviser can translate the fine print.
Finance
Investing for Uncertainty
Patience is an asset that pays off over the long term. Follow these three tips for creating a sound investment plan.
Finance
Save and Secure
A new federal law presents more retirement planning opportunities for veterinary practices and team members.
Finance
Overcoming Financial Inertia
Create positive momentum for your money and assets by setting deadlines and tying up loose ends.
Finance
Control the Controllables
Good habits and sound decisions are essential in practice ownership and personal finance.
Finance
Uncertainty, Optimism and Crystal Balls
Investors who allow their emotions to guide their investment decisions often end up on the wrong financial path.

Finance
Planning in the Face of Uncertainty
Don’t allow world events to cloud your approach to saving for retirement.

Finance
First of All, Get a Second Opinion
Your practice’s employee retirement plan might need a couple of tweaks to go from average to outstanding.

Finance
Inflation and Your Investments
Make sound investment decisions based on a comprehensive view of your life rather than current market conditions.
Finance
Work on Your Clinic’s Retirement Plan
To attract, retain and reward employees, practice owners must offer competitive compensation as well as a properly designed retirement plan.
Finance
Build a Financial Foundation
Don’t consider investing until your financial house is in order.
Finance
Manage Your Emotions
Understand why you make irrational choices with your investments and what you can do about it.
Finance
Sell Now or Later?
What likely will be the biggest financial decision of your life shouldn’t be made in haste. You can sell your practice quickly to a consolidator, hand off to an associate in 10 years or do something in between. Weigh your options and the pros and cons.
Finance
Did You Catch a Financial Virus?
If your portfolio is sickly, you better have a treatment plan. A simple 10-part test can help determine whether you should get a second opinion.
Finance
Retirement Plans Work for You
The investment program you and your employees participate in might not be the same one everyone turns to when it’s time to step away from the practice.
Finance
How COVID-19 Affects Your Student Loans
Conserving cash is a smart move during these trying times even as the government steps in with relief for borrowers.
Finance
Enjoy a Successful Investment Experience
Following 10 principles will help propel your financial portfolio to the next level.
Finance
How to Survive in an Uncertain World
If you don’t control your money, your money will control you and you will be unable to achieve peace and contentment.
Finance
Make effective use of your team
Veterinarians generate active income. The all-important passive income starts with the staff members.



