Preparing For Your Job Search After Residency

December 19, 2024October 14, 2020 by Justin Nabity

Life as a medical resident is full of ups and downs. On the positive side, you’re reaching the end of your schooling and training, and you’re almost ready to find that first full-time job as a practicing physician. On the negative side, you’re reaching the end of your schooling and training — and finding a … Read more

What Physicians Should Know About 457 b Deferred Compensation Plans

October 18, 2022October 12, 2020 by Justin Nabity

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You’re never too young to invest in a sound retirement plan. Most physicians are around 30 by the time they finish training and start practicing medicine. Getting that later start makes it crucial that you start saving for retirement early on in your career.

But with so many investment options and retirement plans to choose from, it can be difficult to determine which one is best.

Most physicians working as employees of large hospital groups will have the opportunity to invest in a 403b or 401k. Many physicians working for governments and tax-exempt organizations will have the opportunity to invest in a 457(b) plan instead.

Not sure how the 457(b) works?

Here’s what physicians should know about 457(b) deferred compensation plans.

Steps to Get Licensed with the North Carolina Medical Board

July 3, 2025October 9, 2020 by Justin Nabity

You’ve dedicated your entire life to the practice of medicine. There were countless exams, exhausting training schedules, and times the process seemed endless.

Now there’s only one thing standing between you and being a physician:

Getting licensed.

North Carolina makes getting your medical license simple. They provide clearly laid-out checklists and an easy-to-use online portal.

And if you’re strategic, you’ll be fully licensed to practice health care in just four months.

So to find out what you’ll need before applying for your North Carolina medical license and the steps you’ll take along the way, keep reading.

3 Ways to Avoid Taxes on Life Insurance Benefits

December 27, 2024October 7, 2020 by Justin Nabity

Veronica Baxter | Boonswang Law Firm As a general rule, they do not tax proceeds from a life insurance policy as income to the recipient. Whether the proceeds take the form of death benefits or Accidental Death & Dismemberment (AD&D) benefits to the insured, the IRS does not consider those proceeds income. Accordingly, three scenarios … Read more

Steps to Get Licensed with the Oregon Medical Board

June 7, 2024October 7, 2020 by Justin Nabity

Based on everything you’ve poured into your medical education and training thus far, you’re likely expecting a few more hurdles to clear.

Your last hurdle is no less significant than the rest:

The application process to get your medical license.

If you’re looking to earn your license to practice in Oregon, you’ve got a long road ahead of you.

Gathering exam scores, transcripts, references, and more will eat up a ton of time. But if you follow the guidelines to a T, you’ll be fully-licensed within 12 weeks.

So how do you get licensed with the Oregon Medical Board?

Below, we’ll review the entire process step-by-step. So get ready to learn about the documents you’ll need, the fees you’ll pay, and some tips and tricks along the way!

What Physicians Need to Know About CPT Codes

October 20, 2022October 5, 2020 by Justin Nabity

Whether you work as an employee of a large hospital group or own a private practice, CPT codes play an essential role in all physicians’ lives. Regardless of your specialty and the type of patient care you deliver, it’s crucial you understand all about those five-digit codes.

As a physician, CPT codes may not be your primary focus or something that you’ve given much thought. However, they are an unavoidable part of the job.

From knowing which codes to use and how they affect your bottom line, here’s what physicians need to know about CPT codes.

The Complete Guide to Physician Retirement Planning

October 22, 2025October 1, 2020 by Justin Nabity

If you want to enjoy your retirement years, you’ll need to have a savings plan in place. Because doctors are some of the highest-earning Americans, most new physicians assume that saving is easy.

However, that’s not necessarily the case. Unless you establish a solid physician retirement planning strategy, you might not have enough to support yourself in your golden years. Among every age group of physicians, this is the #1 concern when surveyed according to according to recent surveys of physicians’ financial preparedness.

Physician retirement planning can be complicated. With so many options to choose from, deciding on how to invest your money can be overwhelming. From 401(k) plans to IRAs and stocks, there are many different ways to approach physician retirement planning and save for your future.

A September Update on Covid-19 & Physician Employment Prospects

October 18, 2022September 25, 2020 by Justin Nabity

With a tightening job market, physicians are advised to be patient, but not passive. In April, we wrote about the myriad ways that the onset of COVID-19 was affecting physicians and their employment contracts. At the time, hospital settings were bracing for sudden spikes in patient loads, while many private practices were pressuring physician employees … Read more

Provider Reviews: Pacific Life

January 7, 2025September 13, 2020 by Justin Nabity

There’s more to life insurance than just leaving your heirs a lump sum of money when you die. When managed properly, a life insurance policy can actually build wealth and create tax-free income in retirement.

But with so many different providers out there, how can you be sure you’re choosing the right policy?

Today we’re continuing our ongoing series of Provider Reviews focusing on the various life insurance policies offered through Pacific Life.

Here is our complete review of Pacific Life from the various plans offered to how much it costs.

Physician Compensation Report 2020

August 6, 2025September 11, 2020 by Justin Nabity

Regardless of your specialty or what city you work in, most physicians are curious about how their salary stacks up against the competition. Moreover, whether you’re thinking about practicing in a new state or wondering if your signing bonus is what it should be. Know the facts to protect yourself and your earnings.

Let’s answer some questions:

Which physicians make the most money?
Moving a few states away to increase your salary?
How your specialty compares against the salaries of physicians in other areas of medicine?

We wanted to know:

How much physicians are really making
Which specialties are in the greatest demand
Which regions of the country are hiring the most
Where physicians are being offered the biggest bonuses

Spending hours pouring through hundreds of pages in pricey compensation reports is usually the only way to find this information — but we did the legwork for you.

Therefore, we have created our second annual physician compensation report to help.

In this report, we detail:

How physicians in different medical specialties and regions of the United States are being paid for their work
The gender wage gap
How much physicians are earning in bonuses and incentives
Which specialties are in the greatest demand

In addition, we’ve compiled data from nearly a dozen different sources to offer you:

The Free Physicians Thrive 2021 Physicians’ Compensation Report

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**The Free Physicians Thrive 2021 Physicians’ Compensation Report**