Debt Management for Physicians
Story at-a-glance Start with a strict budget—track spending, prioritize debt reduction, and cut non-essentials to free up cash. Commit to paying down debt by at
Are Annuities Right For Physicians?
Story at-a-glance Annuities offer guaranteed income and principal protection, making them attractive during times of market uncertainty. Tax deferral can benefit high-income physicians, especially those
A Little Knowledge Can Make Physicians’ Lives Less Taxing
Story at-a-glance Most physicians overpay taxes without realizing it, often giving the government an interest-free loan via large refunds. Adjust your withholding to match your
How New Physicians Can Achieve Savings Success
Story at-a-glance Saving with purpose is more motivating than saving “just because”—tie each dollar to a goal to stay consistent. Set up separate online savings
Physicians Can Hire a Money Doctor to Cure Personal Finance Woes
Story at-a-glance Most physicians struggle with personal finances, from budgeting to bill paying—not from lack of intelligence, but lack of time. Daily Money Managers (DMMs)
Warning to Young Physicians: Credit Cards can be Hazardous to Your Health
Story at-a-glance The stress of credit card debt is real—linked to serious health issues and long-term financial damage. With average household credit card debt at
Designing a Good Life for Young Physicians
Story at-a-glance Big income jumps often lead to lifestyle inflation, not increased savings—leaving physicians financially stretched despite high earnings. More money doesn’t equal more happiness—clarity
Financial Success for Physicians Begins with a Winning Attitude
Story at-a-glance Money alone doesn’t guarantee control or happiness—even high-earning physicians can feel financially stuck without the right mindset. A winning attitude comes first, not
Obstacles to Building Wealth: Not Running the Practice as a Business
Story at-a-glance Many physicians in private practice lack basic business training, which limits growth and wealth-building potential. Future earnings—not practice equity—are your biggest asset, and
Business Overhead Expense: A Real Risk that Needs a Real Solution
Story at-a-glance A disability can shut down your practice—even if your personal income is covered, your office expenses won’t be. BOE insurance keeps your practice
What’s the Best Life Insurance for Physicians? Term Vs. Permanent
Story at-a-glance Term life offers low-cost, temporary coverage, but only pays out about 1% of the time—and premiums rise sharply if renewed after the term
Are HSAs the Secret to Reducing Health Care Costs?
Story at-a-glance HSAs pair with high-deductible health plans (HDHPs) to offer lower premiums and tax-advantaged savings for medical expenses. Contributions are tax-deductible, grow tax-deferred, and