Story at-a-glance Yes, doctors can save for retirement while paying student loans—it just takes a smart plan.Start by tracking your income, expenses, and loan details to create a balanced financial picture.Use tools like income-driven repayment plans, employer retirement matches, and
Maximizing Your Employer-Sponsored Retirement Plan: 401(k) and 403(b) Tips for Physicians
Story at-a-glance Physicians can save big with 401(k) and 403(b) plans – Tax-deferred growth and employer matching are powerful wealth-building tools.Maximize contributions early – In 2024, you can contribute up to $23,000 (or $30,500 if over 50).Diversify and rebalance – Choose a mix of
Planning for Tomorrow: The Case for Long-Term Care Insurance
Story at-a-glance Longer lifespans mean greater odds of needing care, even for healthy, financially secure individuals.LTC insurance protects your assets and your family, ensuring you're not a financial burden later in life.Buying coverage is a responsible act of self-care, giving you dignity,
The Importance of Starting Your Estate Plan Now
Story at-a-glance Most adults know retirement planning is critical—but ignore estate planning, leaving families exposed to probate delays and legal costs.Over half of Americans die without a will, meaning the state decides what happens to their assets and dependents.An estate plan should start
Physician Retirement “Gotchas” to Avoid
Story at-a-glance Physicians are saving more—but still face common retirement "gotchas" that can derail even strong financial plans.Many underestimate how expensive retirement really is, especially with rising health costs, long-term care, and hidden expenses like adult children or home
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 already maxing out their qualified retirement contributions.Annuities are long-term
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 of purpose and values is what truly defines a “good life.”Without a plan, spending grows
Disability Insurance for Aging Physicians: Protecting Your Career and Retirement
Story at-a-glance 1 in 5 U.S. physicians is over age 65, facing rising health risks while continuing to practice.Common conditions like cognitive decline, chronic illness, and mobility issues can disrupt a medical career.Longer careers mean greater risk of disability—yet many doctors can’t