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
Designing a Good Life for Young Physicians
A common mistake that many new physicians make when their earnings increase is, instead of increasing their savings by the amount of increase, or at least a proportionate amount, they add their pay increase to their lifestyle. Typically, people who don’t have a “purpose” for the next dollars they
What’s the Best Life Insurance for Physicians? Just the Facts Please
With their unique financial needs, and with so much at stake, physicians need to have a thorough understanding of how the two primary forms of life insurance work. All of the various forms of life insurance – whole life, term life, variable life, universal life and the dozens of variations of each –
The Advantages of Owning Life Insurance for Physicians
The purchase of a life insurance policy will never make most physicians’ top ten list of favorite things to do. After all, there is a lot not to like in the whole process of buying life insurance. With hundreds of products from which to choose, it can be confusing. Insurance contracts can be complex