September brings with it a sense of renewal. Here are 7 things you can do to set your finances up for success through the rest of the year.
When you start working as a resident it’s tempting to take the next step and buy a home. After all you’ve graduated from med school, haven’t you also graduated from apartment living to a place of your own?
Life insurance is one of those areas of planning that a lot of physicians put off until “later”. But getting the right type of life insurance is very important and can be accomplished quickly and painlessly.
Everyone wants to save on taxes. Doctor have some unique tools to do just that. Here are ways to lower your taxes as a physician.
Estate planning is just as important as the other financial planning topics, but most people tend to procrastinate and put it off until “later”. Here are the 4 critical estate planning documents you need to have as a physician.
Medical professionals, particularly those just starting their careers or with significant student loan debt, often find it challenging to qualify for a traditional mortgage. However, many lenders now offer a physician mortgage loan with lower down payment requirements and more flexible underwriting, making them attractive for many physicians.
When working at Ohio State University there are many OSU retirement plans to choose from. This post outlines the different Pensions (OPERS, STRS) and self directed options (ARP, 403b, 457b) available to OSU employees.
A 457b plan is a tax advantaged retirement plan similar to a 401k or 403b, but the 457b plan has a few differences you need to be aware of.
Student loans, federal student loan forgiveness, and Public Service Loan Forgiveness are all hot topics these days, especially if you have as many loans as the typical resident. The average med school graduate owes $250,990 in total student loan debt. Yikes! That amount of debt is daunting no matter how much you expect your eventual salary to be.
Why Disability Insurance is Important: Protecting Your Greatest Asset. As a physician one of your greatest assets is your ability to earn a substantial income once you have completed your training and residency, and you should protect it with disability insurance. Most physicians will graduate with a healthy amount of student loan debt from years of schooling, likely totaling in the hundreds of thousands of dollars. And while this might be a daunting amount to have to pay back, the opportunity to earn a great income throughout your working career makes the investment worthwhile.