The way Americans look at their retirement has changed considerably since 2020. Many begin to wonder if they should retire early without having planned it, others are taking early withdrawals from retirement accounts like 401(k)s and IRAs. There is even some who postponed their retirement plans.
Regardless of your financial situation, this year the principles […]
In our financial discussions, we often talk about safeguards to help physicians protect their income. We share strategies for using insurance products in your retirement and family financial planning.
While we present a lot of ideas, we always encourage you to discuss them with your financial advisor. But how do you select a financial advisor? […]
Sources:
1. Covid Isn’t Done Changing the Life Insurance Industry Just Yet
2. Study Finds COVID-19 Spurs Greater Interest in Life Insurance
3. How Millennials Are Changing the Life Insurance Game
4. Advisors Still Matter to Life Insurance Customers
5. Study Finds COVID-19 Spurs Greater Interest in Life Insurance
This past year, the COVID-19 pandemic threat has upended lives around the globe. It’s left few things unchanged—especially when it comes to jobs and income. And even with the extra workload that COVID-19 has brought to some segments of the medical system, many doctors have suffered financially.
According to an October 2020 survey, almost half […]
Taking out term life insurance for your family used to be an arduous, inconvenient ordeal. It required you to submit to a medical exam, give a blood sample and then wait at least 30 days and up to three months for approval. That’s so yesterday!
Now, the power of big data and the sophisticated technology […]
What if an accident or illness prevented you from practicing medicine for six months or longer? Would your most important asset be protected?
That asset, of course, is your earning power. And whether it’s protected or not depends on the choices you make when buying disability insurance.
There are several considerations when buying disability insurance that […]
As residency comes to an end, it’s time to start planning your financial future.
Sources:
1. Physician salary report 2021: Compensation steady despite COVID-19
2. What medical residents are paid—and what they really think about their bosses
3. Education Data – Average Medical School Debt
4. Nerdwallet – How to Save for Retirement
5. Doctor Disability – Disability Statistics
6. Empowering […]
It’s 2021. Have you scheduled your annual insurance review? Remember, life insurance and disability policies aren’t “set it and forget it” protection.
A lot can happen in a year. Maybe you got married or divorced. Did a child start college? Or perhaps your kids are all graduated and are out on their own. But changes […]
Without a doubt, the outbreak of SARS-CoV-2 caught the general public off guard. And even with their understanding of the potential for a pandemic, physicians likely did not expect the shutdowns of 2020. Even medical facilities could not have envisioned hospital tents set up in Seattle and New York’s Central Park for all their […]
“Nothing is certain except death and taxes,” wrote Ben Franklin. There are, however, some unknowns about taxes. For instance, we cannot predict years in advance what the top marginal tax rate will be when we retire and begin to withdraw funds from our tax-deferred retirement accounts.
In other words, the more money you have in […]
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