Transitioning from residency to an attending physician role is an exhilarating time marked by increased responsibilities and a substantial rise in income. However, despite the temptation to upgrade your lifestyle to match your new salary, it’s wise to continue "living like a resident" for a few more
Last Call for Discounts: Get Your Disability Insurance Before Residency Ends
As a medical resident, you’re navigating the demanding path toward becoming a practicing physician. Amid the busy days and long nights, there’s a critical financial decision you should make before your residency ends: securing discounted disability insurance. Here’s why acting now can save you
Clinical Autonomy: Embrace Your New Role as an Independent Practitioner
Transitioning from residency to becoming an attending physician is a monumental step in a medical career. One of the most significant changes is the shift towards clinical autonomy. As an independent practitioner, you are now responsible for making clinical decisions confidently while continuing to
Resident Disability Insurance: Protecting Medical Residents from a Costly Gamble
Resident disability insurance can secure your financial future. Without it, you run the risk of losing... big time. Dr. Jennings, a fourth-year resident in plastic surgery, was at home in her kitchen. While unloading her dishwasher, she dropped a coffee cup. She reached down to try to catch it
Study: Financial Literacy Lacking Among Young Physicians
Unlike the great singer Sam Cooke, young physicians actually do know a lot about biology and the science book. Some of them even know something about the French they took. But they don’t know much about money. That’s not just us talking. That’s the result of a 2017 study recently published in
Five Important Disability Insurance Riders Doctors Should Understand
Most of our readers understand the role of disability insurance in a doctor's or dentists overall financial plan. Most experts would agree that for those in a high-earning profession like medicine, who have already invested substantial financial resources into their education, disability insurance
MetLife Leaves the Individual Disability Insurance Game
If you’ve been putting off getting disability coverage, now is the time to act. Here’s why: One of the best disability contracts for physicians on the market – and one of the best values – is the MetLife policy. Unlike many cheaper disability policies, it’s a ‘true own occupation’ contract – meaning
How Much Disability Insurance Do I Need? A Guide For Physicians and Medical Students
For most people, the need for disability income insurance is a pretty straightforward calculation: Nearly anyone with a whole career in front of them and relatively little in savings – the usual situation with workers in their 20s, 30s and early 40s – needs as much as the insurance company will sell