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Financial Education for Physicians

(Personal finances, investing, self-employed finances, and more to help doctors find financial independence)

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.

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.

FINANCES FOR PHYSICIANS

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Insurances for physicians
College savings plans for doctors
Physician mortgage loans and housing
Tax planning for physicians
Doctor student loans
Physician asset protection strategies
Retirement planning for doctors
Physician estate planning
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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.

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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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.

TYPES OF INSURANCE

Disability insurance for physicians
Life insurance for physicians
Malpractice insurance for physicians
Homeowners insurance for physicians

HOUSING AND MORTGAGES FOR PHYSICIANS

MANAGING STUDENT LOANS AS A PHYSICIAN

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

INVESTING FOR PHYSICIANS

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

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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COLLEGE SAVINGS PLANS

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

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

PHYSICIAN ASSET PROTECTION

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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PHYSICIAN ESTATE PLANNING

Estate planning helps protect your assets for general wealth and can help minimize taxes and headaches for your heirs.

Get started with our physician guide to estate planning.

 

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