How to Globally Diversify Your Portfolio

August 7, 2023March 3, 2016 by Justin Nabity

Global Diversification

Right now is a great time to reflect on the past year’s investment performance and consider your investment strategy. In most cases, the more that assets are accumulated the greater the need for diversification. For example, if we look back on 2015, investors who held only or primarily the S&P 500 had virtually nothing to show for it. While others who had some or more holdings of Italy’s, France’s or Germany’s indexes performed well. Along with this both China’s Shanghai composite and Japan’s Nikkei stock average also had good results.

How about you globally diversify your portfolio? By holding some of each of these indexes, the overall outcome would have been better than being limited to the S&P 500. While the US economy is a leader among the other countries, it doesn’t always perform well.

So what should you look for when you globally diversify your portfolio?

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The Doctor’s Life Podcast Episode 014- Employee or Independent Contractor

November 28, 2022February 22, 2016 by Justin Nabity

There are some definite pros and cons to being an employee or independent contractor. When you are conducting a job search, you need to make sure you understand your position’s status as an employee or independent contractor, and proceed as such.

Justin Nabity is in The Doctor’s Life Podcast studio with an excellent guide on navigating the differences between the two. All episodes of The Doctor’s Life Podcast are available on iTunes, and on SoundCloud. If you have an Android device, you can download a podcast player (I recommend Podcast Addict), and it will pull from iTunes. Make sure to subscribe and you will be the first to get new episodes of The Doctor’s Life Podcast.

The more info on the differences, make sure you check out the in-depth guide.

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Read Your Insurance Claim or Get Stung!

June 27, 2024February 3, 2016 by Justin Nabity

Insurance Claim: Read Yours

So what actually happens when doctors file a long-term disability insurance claim? Does the process go as expected or do they find themselves in for a rude awakening?

Really, it all depends on what type of insurance policy is in place.

Just as with many other contracts that doctors sign. Without reviewing the fine print, physicians tend to put their faith in the advice of the agent. Or other insurance representative who says they have their best interest in mind.

All too often what happens is the physician has no idea what they signed up for. They likely never even read the contract. Or forgot because it’s been a long time since they had gone over their coverage. What can cause even more trouble is what happens when an insurance claim is filed on policies that didn’t require health screening when the policy was originally taken out.

The Doctor’s Life Podcast Episode 011- Attacking Student Loan Debt

June 27, 2024February 1, 2016 by Justin Nabity

Student loan debt. Ugh. We’ve all been there before. Just wondering how to make this whole mountain of debt disappear.

Nick Schneider is back on The Doctor’s Life Podcast with some tips on how to attack your student loan debt to make it go away as soon as possible. All episodes of The Doctor’s Life Podcast are available on iTunes, and on SoundCloud. If you have an Android device, you can download a podcast player (I recommend Podcast Addict), and it will pull from iTunes. Make sure to subscribe and you will be the first to get new episodes of The Doctor’s Life Podcast.

The Doctor’s Life Podcast Episode 004- About That Fine Print

June 27, 2024December 11, 2015 by Justin Nabity

The fine print. Ok, so nobody really reads this stuff, right? That is until it comes back to bite you! In this episode of The Doctor’s Life Podcast, Justin Nabity jumps in to give us the rundown of what’s actually in the fine print and where it will get you.

All episodes of The Doctor’s Life Podcast are available on iTunes, and on SoundCloud. If you have an Android device, you can download a podcast player (I recommend Podcast Addict), and it will pull from iTunes.

How Gen Xers Can Get Their Retirement Saving Back on Track

May 22, 2023December 7, 2015 by Justin Nabity

Steps that may help to address a savings shortfall.

Were you born within the years 1965-1980? That makes you a member of Generation X, and it means you are between ages 42-57. Gen Xers now constitute “the sandwich generation” – how time flies.¹

Broadly speaking, GenX is the first generation that has had to save for retirement without traditional pension plans. In addition, most Gen Xers will probably retire after 2033 – the year in which Social Security predicts its trust funds will run dry, barring federal government intervention.¹

With eldercare responsibilities, kids, and student loans, this demographic is challenged to save for retirement. In fact, 34% of Gen Xers participating in a recent Northwestern Mutual survey stated they had no idea how much retirement income would be sufficient for them. In April, Bankrate found that just 12% of Gen Xers direct more than 15% of their incomes into savings; about 40% were saving 5% or less of their incomes. More disturbingly, 46% of Gen Xers who responded to a May Allianz Life retirement preparedness survey indicated that they would “just figure it out when I get there.”^1,2

Brief Guide to Malpractice Tail Coverage

July 27, 2022November 23, 2015 by Justin Nabity

Malpractice tail coverage is one of those things physicians do not want to think about, but it is a must. There are also a lot of factors to look at when it comes to tail coverage. Michael Taskila from Diederich Healthcare has put together a great guide on what to look for in your tail coverage and what to look for when purchasing tail coverage.

Physicians Thrive Earns Another 2015 NAIFA Quality Award

June 19, 2023October 29, 2015 by Justin Nabity

The Physicians Thrive team is happy to announce Justin Nabity has earned another 2015 NAIFA Quality Award. An announcement came yesterday that Physicians Thrive had won a Quality Award in Health and Employee Benefits. This second Quality Award comes in Life Insurance and Annuities. NAIFA Quality Award is presented to advisors who demonstrate commitment to NAIFA. … Read more

What’s in Your Disability Insurance Policy?

June 27, 2024April 20, 2015 by Justin Nabity

What’s in your disability insurance policy? That question might remind you of a certain credit card commercial in which the announcer asks, “What’s in your wallet?” We won’t subject you to a Viking assault in this blog, as one version of the commercial did onscreen, but we will share our opinion that ignorance of what’s in your disability policy could be as painful as an arrow in your back when it comes time to make a claim.

Disability insurance plans can be complex, and each plan is different. Employer-based disability plans are often free or very inexpensive, but the benefits are likely to be inadequate to cover all contingencies. Are you sure your disability insurance policy contains what’s best for your long-term financial plan? Maybe it’s time to look into it.

Estate Planning: You’re Never Too Young

June 27, 2024April 20, 2015 by Justin Nabity

Why physicians should begin with the end in mind and secure their estate plan early

It’s understandable why many physicians in their 40’s and 50’s are inordinately focused on their careers and on trying to accumulate assets; they’ve been playing catch up since they left training, and they have a shorter time horizon in which to achieve their most important goals. However, a common mistake most physicians make is to put off planning their estate until they’ve accumulated some wealth, not realizing that there is so much that can happen along the way which can have devastating consequences for their families. While there are a number of reasons why younger physicians tend to avoid facing these critical issues, the minimal time and expense it takes to address them, thus preventing unnecessary hardship and heartache, makes it almost inexcusable not to.

Global Diversification

So what should you look for when you globally diversify your portfolio? Read more

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Insurance Claim: Read Yours

Why physicians should begin with the end in mind and secure their estate plan early

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So what should you look for when you globally diversify your portfolio?

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