Posted on: October 23, 2017 by Chuck Krugh, CFP
Unlike the great singer Sam Cooke, young doctors actually do know a lot about biology and the science book. Some of them even know something about the French they took. But they don’t know much about money. That’s not just us talking. That’s the result of a study recently published in the International Journal of […]
Posted in: Financial Planning Medical Residents Money Management Physician Money Management Practice Management Retirement Uncategorized
Posted on: October 10, 2017 by Chuck Krugh, CFP
This could happen to you: You are a successful physician in private practice, living your dream. You have a terrific bunch of partners, and a skilled and diligent office manager who keeps the whole practice humming along. But early one morning you get a call from distraught family member: There’s been an accident. Your key […]
Posted in: Disability Insurance Doctor disability insurance Financial Planning physicians disability insurance Practice Management
Posted on: September 29, 2017 by Chuck Krugh, CFP
Many employers provide group disability insurance to their employees. While employer provided disability insurance is a great first layer of income protection, there are some important drawbacks to be aware of. Let’s start out with the benefits of group disability insurance: Getting group disability insurance is easy All you have to do to qualify for […]
Posted in: Group Disability Insurance
Posted on: by Chuck Krugh, CFP
I talk to a lot of physicians who are comparing individual disability insurance to a plan offered by their medical association. At first glance, Association Disability Insurance seems to offer physician-friendly, own-occupation coverage at a fraction of the cost of some other types of plans. Is there a catch? After all, if the association offers […]
Posted in: Association Disability Insurance
Posted on: September 20, 2017 by Chuck Krugh, CFP
We’re always scouring the Web for good articles and studies about doctors and financial tips – and we were particularly pleased to come across this fine piece from Kevin Liu at KevinMD.com. Aiming his advice at young physicians who have just completed residency, or advanced fellowship training, and who are entering the attending physician phase […]
Posted in: Disability Insurance Doctor disability insurance Financial Planning healthcare Life Insurance Long Tem Care Insurance Medical Residents Money Management Physician Money Management physicians disability insurance Practice Management Retirement
Posted on: September 7, 2017 by Chuck Krugh, CFP
On top of the terrible human toll on individuals inflicted by disasters such as Hurricane Harvey – currently affecting millions in Texas and Louisiana – disasters take a terrible toll on small businesses as well: According to data from the Federal Emergency Management Agency (FEMA), some 40 percent of all small businesses shuttered by a […]
Posted in: Financial Planning Money Management Physician Money Management Practice Management
Posted on: August 24, 2017 by Chuck Krugh, CFP
When it comes to insurance coverage, what you don’t know may not kill you – but it can cost an awful lot of money. Unfortunately, there are a number of myths and misconceptions that even very highly educated people have about insurance and what it covers and doesn’t cover. Here are some of the most […]
Posted in: Disability Insurance Financial Planning Group Disability Insurance Money Management Physician Money Management physicians disability insurance Uncategorized
Posted on: August 8, 2017 by Chuck Krugh, CFP
Not all disabilities completely knock people out of the work force. In fact, many disabled individuals are able to eventually return to work, or continue to work in a limited setting. But their disabilities still result in a substantial hit to their earnings, compared to what they were earning before their disability onset. A residual […]
Posted in: Disability Insurance Doctor disability insurance physicians disability insurance
Posted on: July 26, 2017 by Chuck Krugh, CFP
It’s not unusual to want to take some time off after having a baby. In some cases, you have no choice – medical complications are common after childbirth. But while employers with 50 employees or more are obligated under the Pregnancy Discrimination Act and Family Medical Leave Act to grant you time off to care […]
Posted in: disability claims Disability Insurance Doctor disability insurance Financial Planning healthcare physicians disability insurance
Posted on: July 8, 2017 by Chuck Krugh, CFP
For the most part, physicians earn plenty of money to make their basic expenses. But they’re also famous for overspending! Especially early in their careers, when they feel pressure to ‘keep up with the Joneses, one of the very biggest mistakes young doctors make Uncontrolled spending isn’t great for your credit score, either, which you […]
Posted in: Financial Planning Uncategorized