Story at-a-glance Doctors have options beyond patient care—and smart physicians are building side income now as a hedge against burnout, disability, or career disruption.Telemedicine leads the way with flexible, high-paying remote work opportunities for MDs across specialties.Expert witness

Story at-a-glance Your risks multiply when you move from employee to private practice owner—your income, staff, and business all need protecting.Buy-sell life insurance ensures surviving partners can buy out a deceased partner’s share—without interference from heirs.Practice overhead insurance

Story at-a-glance Start with term life insurance – It’s affordable and crucial, especially for young physicians or those with families.Keep beneficiaries updated – Double-check all life insurance and retirement accounts so your money doesn’t end up with an ex or stuck in probate.Make a will

Story at-a-glance Physician pay varies wildly by city – Doctors in smaller cities and rural areas earn more than peers in major metros like NYC or SF.Cost of living makes a huge impact – Even high salaries in big cities often don’t go far after housing, taxes, and expenses.Highest-paid cities

Story at-a-glance Doctors know medicine—but not money – A major study shows residents score just 52% on basic financial knowledge.High income, low preparedness – 48% carry $200K+ in student debt, yet 38% haven’t saved for retirement.They struggle with basics – Most don’t understand Roth IRAs,

Story at-a-glance Losing a key partner can cripple your practice – Their absence impacts patient care, revenue, and team morale.Recruitment takes time and money – Replacing a high-performing physician isn't fast or cheap.You may be on the hook financially – Without planning, you could be

Story at-a-glance Your most valuable asset is you – protect your income and career with disability and health insurance.Own your policy – Individual disability coverage is portable, can’t be canceled, and lets you go private later.Pick "own occupation" coverage – It pays if you can't do your

Story at-a-glance 40% of small businesses never reopen after a disaster—and medical practices are just as vulnerable.Flood damage isn't covered by standard commercial policies—doctors need separate flood insurance with proper equipment coverage.Business interruption insurance helps pay rent,