Archive For: Financial Planning

Beginner’s Guide to Physician Tax Planning

For new doctors, the transition from medical resident to attending physician often brings a nearly four-fold salary increase. This pay hike can come as a great relief for a young physician, however it also raises new questions about taxes, investments, and long-term savings. To plan for their increased tax burden, doctors should consult with a ... Read More
 

What is a Residual Disability Insurance Rider?

Physician’s insurance can be a complicated business. Just when you think you understand what disability insurance is all about, you learn that’s there’s yet another curveball: optional riders. While most policies may seem straightforward, there are almost always optional add-ons that can provide you with even more benefits. Today we’re focusing on disability insurance and ... Read More
 

How Much Does Malpractice Insurance Cost?

Regardless of your area of medicine, one thing all physicians worry about is the possibility of a malpractice suit. It’s bad enough when mistakes happen and things go wrong with a patient in your care. Being slapped with a malpractice lawsuit can make the experience even more devastating. And that’s why malpractice insurance coverage is ... Read More
 

How Female Physicians Can Counteract the Gender Pay Gap

Each year, national reports on physician compensation confirm the persistence of the gender pay gap in medicine. Across all regions and within virtually every specialty, female physicians continue to earn less than their male counterparts. According the 2018 Medscape Physician Compensation report, male doctors netted nearly 18% more income than female doctors. For specialists, the ... Read More