Association Sponsored Disability Insurance

Posted on: September 29, 2017 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

Financial Tips for Young Doctors

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

Protecting the Small Medical Practice Against Disaster

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

The Most Dangerous Myths About Insurance Coverage

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

Why Doctors Should Consider Residual Disability Insurance Benefits

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

Disability Insurance Protection Critical for Women of Childbearing Age

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

Credit Tips for Doctors

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

Is Your Disability Protection Up to the Job?

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

Beware of the Disability Disconnect

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

Young Doctors Need To Step Up Savings and Financial Planning Efforts

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