Archive For: Uncategorized

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
 

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
 

The 3 Biggest Financial Mistakes New Doctors Make

A doctor’s transition from training to an attending physician position is typically accompanied by a salary increase of about 400%. While this income spike is a huge relief for physicians who have spent years living on a residency salary, it can also lead to some common financial planning pitfalls. A typical salary for a resident ... Read More
 

What’s your financial health score?

These 7 questions can help you determine your financial future. In the future, will you become wealthier or poorer? Who knows, right? It seems like you would need a crystal ball to really answer that question given life’s up and downs. What if you can determine it from your present financial behaviors?  Our team put ... Read More
 

How Does Disability Insurance Cover Cancer?

[vc_row][vc_column width=”2/3″ css=”.vc_custom_1558721335722{padding-top: 20px !important;}”][vc_single_image image=”8990″ img_size=”large”][vc_column_text css=”.vc_custom_1560372175821{padding-top: 30px !important;}”]In the event of a cancer diagnosis, disability insurance can serve as an essential safety net for physicians to safeguard their earnings and finances. While the prognosis for different cancers can vary widely, most cancer diagnoses will necessitate time off work for proper treatment. Whether this ... Read More
 

How Long-Term Disability Insurance Can Protect Visa and Green Card Holders

[vc_row][vc_column width=”2/3″ css=”.vc_custom_1558721335722{padding-top: 20px !important;}”][vc_single_image image=”8535″ img_size=”large”][vc_column_text css=”.vc_custom_1558724749018{padding-top: 20px !important;}”]The possibility of becoming too sick or injured to work is a devastating prospect for any physician, and even more so for doctors who rely on a green card or visa to stay in the United States. A long-term disability poses a serious risk to both ... Read More
 

Disability Insurance with a Pre-Existing Condition

[vc_row][vc_column width=”2/3″ css=”.vc_custom_1558721335722{padding-top: 20px !important;}”][vc_single_image image=”8528″ img_size=”large”][vc_column_text css=”.vc_custom_1558721452268{padding-top: 20px !important;}”]Pre-existing conditions are a common talking point when it comes to health insurance, and under current federal health care, you cannot be denied health insurance due to a pre-existing condition. When it comes to disability insurance however, there is a different set of rules. Depending on ... Read More