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2017 Financial Plan Blown? Get Back on Financial Track

Despite all your efforts, the financial plan you made for 2017 seems to be going off course.

Perhaps your household income decreased because you changed jobs or you received a smaller bonus than you expected. Maybe expenses have exceeded your budget due to unexpected emergencies or you’ve found yourself indulging in luxuries more frequently than […]

Have Student Loans? Why You Need Life Insurance

Like other newly minted physicians, you are likely facing a mountain of debt.

The median debt incurred for medical education is $180,000.[i] And that’s not all. The median figure for pre-medical education debt is $25,000. Plus, on average, post-grads have $4,000 in credit card bills and $12,000 in residency/relocation loans.[ii]

That’s a total of $221,000 of […]

Disability Insurance Myths that Lead to Financial Mistakes

Every day, myths about disability insurance put physicians at risk financially, deterring them from purchasing coverage. If they are uninsured and fall victim to illness or injury, the lives they’ve built may be in jeopardy — their homes, their children’s education, their retirement and more.

Do you buy into any of these myths? If so, […]

Common Money Mistakes in Your 30s

When today’s physicians enter the workplace, they come armed with a medical degree, a completed residency … and an average of $183,000 in student debt.1

After years of sacrifice and hard work, the arrival of your first paycheck as a physician is a defining moment that could shape your personal finances for years to come.  […]

Before You Buy Disability Income Insurance

Family Physicians spend day in and out diagnosing others. Ironically, they are often reluctant to acknowledge when they are ill themselves.

Whether they’re experiencing flu-like symptoms or something more serious, it seems that doctors place their health at a distant second to their medical responsibility. Sound like someone you know?

Remember, it’s OK to take a […]

Insurance at Different Life Stages

The decisions you make at every stage of your life shape your need for protection.  That need starts early and changes with you.  The following guidelines can help you protect what you’ve worked so hard to achieve.

Your 20s and 30’s.

A long career ahead.
The rule of thumb is that you should set aside 2% of […]

5 Ways to Conquer Medical School Debt

Some people own a Lamborghini, others simply owe a Lamborghini…

The average physician joins the workforce with an overwhelming $183,000 in debt, nearly five times the average amount of money other professions have been shown to owe. That is if they’re not also dealing with debt from undergraduate studies, usually averaging around $24,000.

With interest, this […]

The Secret to Retirement for Physicians

What would you like to be doing if you weren’t practicing medicine?

More and more family physicians are planning ahead so they can either afford an early retirement or—as in most cases—switch to another career.

This tendency is credited mainly to feelings of burn out, lower morale and overwhelming paperwork, as shown in The Physicians Foundation […]

Affordable Technologies for Family Physicians

It wasn’t even 100 years ago that people were considered lucky if they reached 60. Nowadays many folks actually start living at that age.

Go modern medicine!

Modern medicine wouldn’t be so without technology: from 7-figure robots performing surgery to free mobile apps, today’s hospitals, family physicians and other specialists have the ability to be faster, […]

Largest Expenses Physicians Are Facing

Family physicians are among the ten highest paid professions in the United States, and deservingly so, considering the grueling years of studies and sleepless nights they’ve had to endure.

However, between student debt, mortgages, government regulations and other expenses, physicians are forced to carry a lot of financial weight during their lifetime.
An expensive operation
Many doctors […]