Debt Management for Physicians

Posted on: March 30, 2013 by Chuck Krugh, CFP

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 to struggle with their debt.  It takes a firm […]

Posted in: Financial Planning Money Management Physician Money Management

Are Annuities Right For Physicians?

Posted on: March 29, 2013 by Chuck Krugh, CFP

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 recent financial turmoil and the carnage left behind […]

Posted in: Financial Planning Physician Money Management Retirement

Auto Coverage for Physicians Comes Up Short

Posted on: March 24, 2013 by Chuck Krugh, CFP

For many physicians, structuring their auto insurance policy comes down to obtaining the greatest amount of coverage at the lowest cost. And, because auto insurance has become commoditized, the focus often shifts to the premium amount as the primary point of comparison, which is fine as long as we don’t lose sight of what it […]

Posted in: Financial Planning Physician Money Management

A Little Knowledge Can Make Physicians’ Lives Less Taxing

Posted on: by Chuck Krugh, CFP

It doesn’t take long after receiving your first paycheck to realize that your all of your money is not your own.  The U.S. government is an active partner in your earnings, and the more money you make, the larger its take. While taxes are a fact of life, physicians have more control over how much […]

Posted in: Uncategorized

How New Physicians Can Achieve Savings Success

Posted on: March 15, 2013 by Chuck Krugh, CFP

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 more funds.  But, when a goal is set, and […]

Posted in: Financial Planning Money Management Physician Money Management Retirement

Physicians Can Hire a Money Doctor to Cure Personal Finance Woes

Posted on: March 10, 2013 by Chuck Krugh, CFP

You would probably never hear any of them tell you, but most physicians are awful at personal finances.  We’re talking about the most basic aspects of day-to-day financial management – budgeting, bill paying, balancing the checkbook, staying organized and looking for ways to salt away some money for savings. It’s not rocket science, but it […]

Posted in: Financial Planning Money Management Physician Money Management stress management

Warning to Young Physicians: Credit Cards can be Hazardous to Your Health

Posted on: March 2, 2013 by Chuck Krugh, CFP

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 topping $9,000 and the […]

Posted in: Financial Planning Money Management Physician Money Management