Archive For: Personal Finance

A Medical Resident’s Guide to Mortgage Rates

Physician mortgages are loans designed to make homeownership possible even for new doctors and medical residents.  Most doctors make serious financial sacrifices for their career path, including taking on an average of $190,000 in student debt and forgoing a full salary in their early adult life. Typically, this financial situation (high debt, little savings, short ... Read More
 

A Step-by-step Guide to Physician Work-Life Balance

For most physicians, medicine is more than just a career: it’s a calling. However, being passionate about your profession can come as a double-edged sword. On one hand, your work is extremely stimulating and fulfilling. On the flip side, it can be difficult to set healthy boundaries between work and the rest of your life ... Read More
 

How To Avoid Common Physician Tax Errors

While it’s true that most doctors are relatively high-earners, physicians also face unique financial obligations (i.e. high loan repayment, disability insurance premiums, etc.) that make it essential to avoid any mistakes when it comes to taxes. By avoiding a few common tax errors, doctors can keep more of their earnings to put towards financial goals ... 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