Posted on: June 22, 2017 by Chuck Krugh, CFP
Disability insurance is a critical component of a financial plan for most people – but especially for physicians. This is because doctors, dentists and other similarly-situated professionals generally have huge sums of money invested in education, need to be in reasonably good health in order to discharge their day-to-day duties in a clinical setting, and […]
Posted in: Disability Insurance Doctor disability insurance Financial Planning physicians disability insurance
Posted on: June 7, 2017 by Chuck Krugh, CFP
When it comes to the risk of disability, Americans are woefully underinsured. Disability vastly outpaces the death of a breadwinner among those under age 50 as a leading cause of economic hardship for families. The fact is, most people vastly underestimate their chances of becoming disabled: According to information from the Social Security Administration, about one […]
Posted in: Disability Insurance Doctor disability insurance Financial Planning Money Management Physician Money Management Retirement
Posted on: May 24, 2017 by Chuck Krugh, CFP
The American Medical Association has just released its 2017 Report on Resident Physicians’ Financial Preparedness, and things aren’t looking great. Researchers surveyed over 50,000 residents and got 1,573 responses from residents in a variety of medical specialties from across the country. Nearly two-thirds of residents report being ‘behind’ when it comes to preparing for retirement, […]
Posted in: Financial Planning Money Management Physician Money Management Retirement Uncategorized
Posted on: May 8, 2017 by Chuck Krugh, CFP
Most of our readers understand the role of disability insurance in a doctor’s or dentists overall financial plan. Most experts would agree that for those in a high-earning profession like medicine, who have already invested substantial financial resources into their education, disability insurance is an essential building block in protecting their financial security and that […]
Posted in: Disability Insurance Doctor disability insurance Financial Planning Medical Residents physicians disability insurance
Posted on: April 21, 2017 by Chuck Krugh, CFP
My employer offers me disability insurance via a group plan. Why do I need my own policy? It’s terrific that your employer offers this important benefit to you. But there are important differences between a group disability plan designed to appeal to employers and an individual plan, designed and customized for your personal needs as […]
Posted in: Disability Insurance Doctor disability insurance Group Disability Insurance Money Management physicians disability insurance
Posted on: April 10, 2017 by Chuck Krugh, CFP
Med students, get ready for some grueling shifts. Beginning July 1st, doctors in their first year of practice will be allowed to work shifts up to 24 hours long in direct patient care in hospitals all over the United States. The move lifts the 16-hour limit that has been in place since 2011. The change […]
Posted in: healthcare Medical News Medical Residents Practice Management stress management
Posted on: March 21, 2017 by Chuck Krugh, CFP
Disability insurance is like a good car: It will work when you need it – but you need to do a little maintenance from time to time to get the most out of it. For disability insurance policyholders, maintaining your policy means doing a periodic review of the policy with your insurance professional and ensuring […]
Posted in: Disability Insurance Doctor disability insurance Financial Planning Group Disability Insurance Physician Money Management physicians disability insurance
Posted on: March 13, 2017 by Chuck Krugh, CFP
Recent research from the Journal of the American Medical Association (JAMA) indicates that there are far more people making it through medical school with disabilities than we imagined. Indeed, the number of students with disabilities of various sorts going through medical school may be as much as nine times what we believed previously. Researchers polled […]
Posted in: disability claims Financial Planning Medical News Medical Residents Practice Management
Posted on: February 19, 2017 by Chuck Krugh, CFP
Most physicians who have spent time shopping around for disability income insurance, or actively doing financial planning for themselves and their families, understand the importance of the distinction between own occupation and any occupation language in disability insurance policies. Naturally, a disability policy that covers you against injuries and illnesses that prevent you from working […]
Posted in: Disability Insurance Doctor disability insurance Financial Planning physicians disability insurance
Posted on: February 10, 2017 by Chuck Krugh, CFP
Burnout is real – and it’s an increasingly common problem among doctors across the U.S. Physicians are being increasingly squeezed between tightening reimbursement rates, the demands of practice management, liability concerns, demanding schedules, regulatory burdens and the relentless onslaught of information. Patients can be difficult or uncooperative, or it could just be a matter of […]
Posted in: healthcare Medical Residents Practice Management stress management