Top Reasons Why Physicians Buy Annuities

Posted on: April 26, 2013 by Chuck Krugh, CFP

As a financial planning tool, annuities are among the most versatile and effective vehicles when used for the right reasons.  With the variety of different annuity products available, and the many unique features they include, they can be applied in any number of situations to help physicians achieve their long term savings objectives. The key […]

Posted in: Financial Planning Physician Money Management Retirement

Physician Retirement Plans Benefit from Diversivication

Posted on: April 22, 2013 by Chuck Krugh, CFP

As with too many retirement savers, it took two stock market crashes (2001, 2008) and a global financial crisis for Randy Page, M.D. to finally realize that trying to time the market or pick specific stocks or sectors is a costly exercise in futility. But, with the value of his qualified retirement plan nearly halved […]

Posted in: Financial Planning Money Management Physician Money Management Retirement

Physician Investing Mistake #1: Investing to Conservatively

Posted on: April 19, 2013 by Chuck Krugh, CFP

That physicians tend to be risk-adverse and cautious in their approach to investing can work to their advantage.  But the same approach, when applied through several market cycles consisting of both market advances and market declines, is less likely to generate the long term returns necessary to build the necessary capital to sustain a lifetime […]

Posted in: Financial Planning Money Management Physician Money Management Retirement

Biggest Mistakes Physicians Make When Filing Disability Claims – Part II

Posted on: April 17, 2013 by Chuck Krugh, CFP

In Part I of Biggest Mistakes Physicians Make When Filing Disability Claims, we suggested that the biggest mistake a physician can make is to purchase an inadequate disability policy. But, assuming they work with a disability insurance specialist who understands the unique needs of medical professionals, they will avoid that mistake. Purchasing the proper disability […]

Posted in: disability claims Disability Insurance Doctor disability insurance physicians disability insurance

Physician’s Retirement Savings Threatened by Long Term Care Costs

Posted on: April 16, 2013 by Chuck Krugh, CFP

With the average life expectancy surpassing age 85, the number of people who will require some sort of assistance performing daily living functions can be expected to increase dramatically. Already one in three people age 65 and older will receive care in a nursing home or through a home caregiver. After age 74, there’s a […]

Posted in: Financial Planning Money Management Physician Money Management Uncategorized

Biggest Mistakes Physicians Make Filing Disability Claims – Part I

Posted on: April 9, 2013 by Chuck Krugh, CFP

If you’ve been following the guidance offered in this blog, you have avoided the mistakes many physicians make in selecting the right type of disability policy; and you can be assured of having the maximum coverage provided by a specialized disability carrier. Job well done.  But, your job isn’t really done. You now need to […]

Posted in: disability claims Disability Insurance Doctor disability insurance physicians disability insurance Uncategorized

The Biggest Investment Mistake Physicians Make

Posted on: April 8, 2013 by Chuck Krugh, CFP

Whether investing for retirement or any other objective, the biggest investment mistake physicians make is not having a sound investment strategy in place to guide their decisions. The challenge in investing is not that it takes special skills or knowledge; it’s that it is often driven by emotions which can be devastating for physicians who […]

Posted in: Financial Planning Money Management Physician Money Management

Top 5 Financial Mistakes Young Physicians Make

Posted on: April 5, 2013 by Chuck Krugh, CFP

While it’s true that young physicians have their whole lives ahead of them, there is a lot to be learned from the lessons of the last decade which can make living them a whole lot easier. The financial events of the last decade brought hardship to physicians of all ages, incomes and financial status. But, […]

Posted in: Financial Planning Money Management Physician Money Management Uncategorized

Helpful Life Insurance Advice for Physicians

Posted on: April 1, 2013 by Chuck Krugh, CFP

Few consumer products are the object of a love/hate relationship as life insurance.  The thought of buying life insurance is not something that most physicians relish, yet, if it is done right, it can provide the greatest peace-of-mind a person can have. The key is to do it right. Following this helpful life insurance advice […]

Posted in: Financial Planning Life Insurance Money Management Physician Money Management