Archive For: Financial Planning

How Much Disability Insurance Do Physicians Need?

Malpractice insurance, auto insurance, health insurance, business insurance, homeowner’s insurance: physicians are required by law to carry various insurance policies. Many other important insurance policies are completely optional. And one of those optional insurance policies is disability insurance. Yet as a physician, you shouldn’t think of disability insurance as an option at all, and that’s ... Read More

Education Planning for Your Children

Creating a college fund for children or grandchildren is a common financial goal among physicians. With a 529 plan, you can build up a nest egg for tuition, while also taking advantage of a variety of tax perks.  A 529 plan is a tax-advantaged account designated to save for education costs. Also known as “qualified ... Read More
6 Current Events That Are Shaping How You Invest Your Money Specially written for by: Reina Jewel A few months ago, we posted about concerning market trends and news. The market was showing signs of decline, and many people were selling assets in something of a panic. And even then it wasn’t entirely clear ... Read More

Provider Reviews: Banner Life Insurance

Life insurance is one of the best ways to provide financial protection for your spouse and children when you die. In the event of your death, a life insurance policy can be the difference between keeping your family accustomed to their lifestyle and having to sell their home or assets just to get by without your ... Read More

How Physicians Can Avoid the Tax Trap Triangle

At Physicians Thrive, there is one investment pitfall that we see physicians struggle with so often, we gave it a special name: The Physician Tax Trap Triangle. The Tax Trap Triangle describes an imbalance of three key tax-advantages within a retirement portfolio, and it poses a critical risk to physicians’ long-term financial stability.  What is ... Read More