Provider Review: NEO Home Loans

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For many doctors, obtaining a mortgage loan can be challenging. This may be especially true for those working as a fellow or resident with an unproven financial history and significant student loan debt. NEO Home Loans offers mortgage loans designed to fit the unique needs of these borrowers. This provides a way for individuals to … Read more

What to Know About Home Loans During Residency or Fellowship

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For physicians currently in residency or fellowship, the desire to buy a home can become overwhelming. There are many reasons why you may wish to do so, often just because buying a home often makes you feel as though you’ve reached a level of success. You’ve made it. While it is very important for individuals … Read more

The Full Breakdown to Medical School Student Loans

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Procuring the exact loan to pay for medical school can be difficult to maneuver.

Because your medical school student loan amount is often a significantly large sum, the smallest detail can save you thousands of dollars in loan repayments. It is wise to take some time to research your options, so you feel confident about the type of loan you choose.

Understanding your loan options is imperative at the beginning of your medical education. You should also reevaluate your situation as the years progress.

This article will breakdown various loan and repayment options so you can make an informed decision about your medical school loans.

Read this: How to Write a Medical School Letter of Intent

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Physician Tax Planning and Investment Vehicles

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It is important for new physicians to understand the structures and tax-advantages of different employer-offered retirement plans. When you sign the employment contract for your first attending position, your financial situation can transform dramatically overnight. Along with a large raise, you can expect a considerable increase to your tax burden. To evaluate an employer’s retirement … Read more

Moonlighting Medical Residents: Side Gigs to Make More Money

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As a resident physician, there’s one thing you can count on:

You’re going to earn a relatively small salary despite the long hours and hard work you’ll be putting in.

Residents earn a fraction of what licensed physicians make. And if you’re already burdened by student loan debt, these crucial years of residency training can be some of the most difficult ones to endure.

For many residents, the only way to get ahead on student loans and start saving for the future is to search for moonlighting opportunities.

As a physician, working a side gig, even if for only a few hours per week, can have a serious impact on your finances and your future.

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Locum Tenens Coverage: Disability, Health, Malpractice and More

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Working in medicine is unique in that the title of “physician” means many different things.

Some physicians work around-the-clock shifts in hospital emergency departments. Other physicians operate private practices and focus on primary care or preventative medicine. Some deliver babies, some treat cancer patients, and some perform invasive neuro or cardiac surgeries.

Yet, no matter what type of specialty you’re in, all physicians share one thing in common:

The ability to perform their work anywhere in the world.

Tech experts might be most in-demand in Silicon Valley. Professional actors are more sought after in LA than in Idaho. On the other side of the coin, physicians can work in any and every major city, small town, and rural part of the world.

The vast majority of physicians work full-time jobs in or near the city in which they live. But a growing number of U.S. physicians, approximately 40,000, choose to work locum tenens positions.

Working as a locum tenens physician has many benefits, but before you give up your job search or quit your full-time gig, there’s something you should consider:

What types of insurance will you need?

If you’re considering working locum tenens, here are the top five types of locum tenens insurance coverage you will need.

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A Financial Advisor’s Review of Infinite Banking

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When most people need a loan, they apply for a line of credit through a traditional bank and pay that loan back, over time, with interest.

But what if you could take a loan from yourself? What if you could avoid the big banks altogether, be your own bank, and supply yourself with your own line of credit?

For physicians and other high-income earners, this is possible to do with infinite banking.

Infinite banking isn’t for everyone, but it does provide some unique benefits. Here’s a financial advisor’s review of infinite banking and all the pros and cons involved.

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What Doctors Need to Know About Critical Illness Insurance

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Auto insurance. Life insurance. Health insurance. Homeowners insurance.

There are many types of insurance products that we all understand, we all need, and we all have.

But when it comes to insurance policies that can protect you in case of a future illness, medical condition, or injury… deciding which policy to choose can be a bit more complicated.

In recent months we’ve published guides to disability insurance and long-term care insurance.

Today we’re talking about a different type of protection:

Critical illness insurance.

Is critical illness insurance worth it? What does it pay for? What does it cover? Should you get it?

When planning for unforeseen medical emergencies, here’s what doctors need to know about critical illness insurance.

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A Physician’s Guide to Building an Emergency Fund

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While a career in medicine is often financially rewarding, it also often comes with significant debt from student loans. Students in the process of becoming physicians must make substantial investments in their own education. However, this should not come at the expense of saving for essentials and emergencies. It is universally understood that having an … Read more