Everything You Need to Know About Physician Retirement

Physician retirement

Do you find it hard to imagine a time when you’ll actually be ready to take off your white coat and retire? Many physicians can’t even fathom the idea of walking away from the career they love. Many feel as though they should work later in life since they started their careers late. Others think […]

Why Doctors Should Consider Real Estate Investing

Why doctors should consider real estate investing

According to the Bureau of Labor Statistics, physicians in the U.S. earn an average of $208,000 per year. And while this is significantly higher than most people in other professions, a $208k salary alone won’t necessarily make you “rich.” If you want to build wealth on a physician’s salary, you’ll need to know where and […]

What Physicians Should Know About 457 b Deferred Compensation Plans

What Physicians Should Know About 457 b Deferred Compensation Plans

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 […]

The Complete Guide to Physician Retirement Planning

Physicians discussing retirement planning

  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 retirement plan, you might not have enough to support yourself […]

Long Term Care Planning for Physicians

Dermatology subspecialty salaries

Long Term Care Planning for Physicians In many ways, financial planning is a process designed to help investors deal with the inevitable messiness of life: unforeseen illness, sudden career shifts, unexpected windfalls, and all the difficult decisions that come with these changes. As we age, we all become more likely to develop health conditions that […]

Life Insurance for Retirement: The Right (and Wrong) Approach

How to Prepare for the End of Long Term Disability Benefits Ahead of Time

In order to pursue a career in medicine, physicians make tremendous personal and financial sacrifices. With the average medical resident facing nearly $200,000 in debt, it is no wonder that most young physicians feel tremendous pressure to start earning quickly and establish financial independence. As many doctors are busy establishing their career, starting a family, […]

The Pros and Cons of Retirement Protection Riders for Disability Policies

The Pros and Cons of Retirement Protection Riders for Disability Policies

The Pros and Cons of Retirement Protection Riders for Disability Policies Traditionally, an individual disability insurance policy is designed to pay out benefits to replace lost income if a physician becomes too sick or injured to work in their specialty. When determining their ideal benefit amount, many physicians only take into account their most basic […]

What does the SECURE Act mean for physicians?

What does the SECURE Act mean for physicians?

What does the SECURE Act mean for physicians? The new year is bringing major tax changes for some physicians, as the Setting Up Every Community for Retirement Enhancement (SECURE) Act takes effect. The SECURE Act was passed into law in December 2019 as part of the new government spending package, and it contains legislation intended […]