Archive For: Retirement Planning

The Ultimate Retirement Planning Checklist for New Physicians

A professional contract review is one of the most essential steps any doctor can take before accepting a new job offer. A physician’s employment contract is worth millions of dollars and typically contains financial complexities and legal nuances that even experienced doctors require a second opinion to evaluate. To fully assess how an employment offer ... Read More
 

7 Alternative Jobs for Physicians

Are you burnt out from years of working long hours? Do you want to step away from clinical practice? You’re not alone. Many doctors suffer from burnout. After all, practicing medicine is demanding work. It certainly doesn’t have the best work-life balance of any career out there. A lot of physicians come to a point ... Read More
 

The Physician’s Guide to Backdoor Roth IRAs

It’s never too early to start planning for retirement. As a physician, you endure more years of school and training than folks in almost any other profession. That means that by the time you start working, you’re already behind in terms of retirement savings. So how do you catch up? What’s the best way to ... Read More
 

The Pros and Cons of Paying Off Your Mortgage Early

[vc_row][vc_column width=”2/3″][vc_column_text] Most people dream about the day they finally pay off their mortgage. After years and years of monthly payments, it feels pretty good to sign that last check. So, you’d think that paying off your mortgage early would make sense, right? If you’re a physician with a hefty monthly salary, wouldn’t you want ... Read More
 

Retirement Plan Options

[vc_row][vc_column width=”2/3″ css=”.vc_custom_1558557728698{padding-top: 20px !important;}”][vc_column_text]Our constant approach to serving physicians is education. In light of this approach, Physicians Thrive wanted to share some information regarding all the options for managing retirement plans from former employers. Keep in the old 401k or Rollover into your new employer’s plan Each 401k provider has a “menu of investments” that ... Read More