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Financial Education for Physicians
(Personal finances, investing, self-employed finances, and more to help doctors find financial independence)
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Given the unique financial trajectory of physicians and rising physician burnout, it is particularly important to ensure that the late start we get in earning, saving, and investing doesn't preclude us from establishing financial security. We would contend that finances aren't med school hard, and a basic understanding of personal finance will prevent doctors from falling prey to bad financial advice as well as ensuring that their money works for them. Unfortunately, most of us didn't get any financial education on our pathway to becoming physicians. Below, you can find resources for all aspects of personal finances including where to start, insurances to have, taxes, where and how to invest, how to save for retirement and establish financial independence, estate planning, asset protection, and more. For the self-employed and entrepreneurial physicians, we also cover self-employed finances.
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Disclosure: Please note that although these are sponsored listings, we have made an effort to vet prior reviews of the firms listed here to the best of our ability and provide you with a place to start with your research. As always, we do recommend doing your own due diligence to assess whether the firms listed are a good fit for you, and you should view this list as a warm introduction, rather than a formal recommendation for your particular situation. To learn more, visit our disclaimers and disclosures.
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PERSONAL FINANCE OVERVIEW FOR PHYSICIANS
If you are new to personal finance, grab a cup of coffee and please read through our primer on personal finance for physicians, which will walk you step by step towards the basic foundation in personal finance that we think all physicians should have been taught in medical school. Knowing the information here will help you to understand basic financial lingo and come up with a tentative financial plan. It covers things like developing a budget and financial plan, choosing a financial advisor, establishing an emergency fund, insuring against financial catastrophe, dealing with debt and managing high interest debt and student loans, mortgages and housing, retirement accounts, investment accounts and options, 529s and college planning, alternative income streams, estate planning, asset protection and taxes.
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Personal finances is a broad term including every aspect of managing your financial situation not just now but down the road. If you don't know where to start, check out our overview educational content below, then dive deeper into each topic.
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LATEST PERSONAL FINANCE EDUCATION
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INSURANCE FOR PHYSICIANS
Having insurance policies in place with the proper amount of coverage is a critical defense to protect your wealth and your potential earnings potential. Learn more about each of the critical insurances necessary for physicians and visit our list of insurance agents for physicians.
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LATEST INSURANCE EDUCATION
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HOUSING AND MORTGAGES FOR PHYSICIANS
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Your house will be one of the biggest assets you acquire and one of the biggest obligations with a mortgage. We help you navigate the process of buying a home and comparing mortgage options.
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LATEST MORTGAGE EDUCATION
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MANAGING STUDENT LOANS AS A PHYSICIAN
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Navigating student loans can be overwhelming for physicians, but we help you evaluate your options to make informed decisions
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RETIREMENT PLANNING FOR DOCTORS
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Retirement planning is a cornerstone of financial planning. Several tax-advantaged retirement options exist, depending on your situation.
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INVESTING FOR PHYSICIANS
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Investing lets you leverage the power of compounding growth to maximize the potential of your money. Investing doesn't have to be complicated, but you should understand what you're putting your money into.
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LATEST INVESTING EDUCATION
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REAL ESTATE INVESTING FOR PHYSICIANS
Real estate investing can help doctors accelerate their wealth building and diversify their assets while providing an additional income stream to compliment their clinical work.
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LATEST REAL ESTATE EDUCATION
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COLLEGE SAVINGS PLANS
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College savings plans can help you set up your kids and/or grandkids for a better financial future while providing tax advantages.
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PHYSICIAN TAX PLANNING
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Understanding taxes and tax strategies can help you make your financial planning as tax efficient as possible.
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LATEST TAX PLANNING EDUCATION
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PHYSICIAN ASSET PROTECTION
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A good financial offense requires the defense of asset protection to help protect the wealth you've worked hard to build.
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Retirement plans with asset protection features
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PHYSICIAN ESTATE PLANNING
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Estate planning helps protect your assets for general wealth and can help minimize taxes and headaches for your heirs.
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