With the average life expectancy surpassing age 85, the number of people who will require some sort of assistance performing daily living functions can be expected to increase dramatically. Already one in three people age 65 and older will receive care in a nursing home or through a home caregiver.
The Biggest Investment Mistake Physicians Make
Whether investing for retirement or any other objective, the biggest investment mistake physicians make is not having a sound investment strategy in place to guide their decisions. The challenge in investing is not that it takes special skills or knowledge; it’s that it is often driven by emotions
Top 5 Financial Mistakes Young Physicians Make
While it’s true that young physicians have their whole lives ahead of them, there is a lot to be learned from the lessons of the last decade which can make living them a whole lot easier. The financial events of the last decade brought hardship to physicians of all ages, incomes and financial
Helpful Life Insurance Advice for Physicians
Few consumer products are the object of a love/hate relationship as life insurance. The thought of buying life insurance is not something that most physicians relish, yet, if it is done right, it can provide the greatest peace-of-mind a person can have. The key is to do it right. Following this
Debt Management for Physicians
Perhaps the most encouraging outcome of the latest recession is the increasing emphasis on debt reduction by most Americans. We are borrowing less and saving more, and, hopefully, developing some more frugal habits that can lead to healthier finances in the future. Still, many physicians continue
Are Annuities Right For Physicians?
One of the principal tenets of investing is that no one single investment is right for everyone. Every investment has certain characteristics, risks, and objectives that must match those of the investor, and annuities are no different. Although annuities have become more popular in light of the
How New Physicians Can Achieve Savings Success
One of the bigger financial challenges for fledgling physicians is staying motivated to keep setting aside a greater portion of their earnings for savings. Saving money, for the sake of savings, while noble and responsible, doesn’t always provide the inspiration physicians need to keep plowing away
Warning to Young Physicians: Credit Cards can be Hazardous to Your Health
Your credit cards could be killing you. Seriously, a recent poll of 1000 adults revealed that the weight of their debt is causing stress-induced health problems that could easily lead to death. We know that credit card users don’t have a death wish, but with the average household credit card debt