The New Doctors’ Financial Planning Checklist

Posted on: July 26, 2016 by Chuck Krugh, CFP

Congratulations on becoming a physician! You’re going to help a lot of people, potentially save a lot of lives, and in the process, make a good deal of money. The total lifetime earnings of a physician easily amounts to upwards of $7 to $10 million and sometimes more, over the course of a successful career […]

Posted in: Disability Insurance Doctor disability insurance Financial Planning Life Insurance Money Management Physician Money Management physicians disability insurance

Term Vs. Cash Value Life Insurance: What’s Best For Doctors?

Posted on: December 19, 2015 by Chuck Krugh, CFP

The debate between advocates of permanent cash value life insurance and people who advocate buying nothing but term and investing the difference in premiums is one of the most hotly contested topics in financial services. Sadly, most of the back-and-forth we see out there generates more heat than light. So we thought we’d put some […]

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

The Role of Disability Insurance in a Portfolio

Posted on: May 8, 2015 by Chuck Krugh, CFP

Any good financial planner will tell you that the role of disability income insurance is a key asset and makes up part of a solid foundation for any financial plan. A common way of explaining and illustrating a solid financial plan is to imagine a pyramid. The most important components are at the base, and are […]

Posted in: Disability Insurance Doctor disability insurance Financial Planning Life Insurance Long Tem Care Insurance Medical Residents Money Management Physician Money Management physicians disability insurance Retirement

Doctors Need to Protect Their Income

Posted on: March 21, 2015 by Chuck Krugh, CFP

Physicians are quite accustomed to helping people who are temporarily or permanently sidelined from the work force by injury or illness – one at a time. But many physicians don’t quite grasp that they themselves could face disabilities like their patients – disabilities that threaten to derail years of financial plans, hopes, dreams and aspirations. […]

Posted in: Disability Insurance Doctor disability insurance Financial Planning Life Insurance Medical Residents Money Management Physician Money Management physicians disability insurance

The ‘Big Three’ MUST HAVE Insurance Policies To Start With

Posted on: March 11, 2015 by Chuck Krugh, CFP

Writing for the Detroit News, financial planner Barry Glassman identifies the three “must-have” insurance plans for American families: life, disability and long-term care. We concur. If you have a car, the law forces you to buy auto insurance (to protect other people, if not yourself). If you buy a house, the bank will force you […]

Posted in: Disability Insurance Doctor disability insurance Life Insurance Long Tem Care Insurance physicians disability insurance Retirement

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

What’s the Best Life Insurance for Physicians? Just the Facts Please

Posted on: February 20, 2013 by Chuck Krugh, CFP

With their unique financial needs, and with so much at stake, physicians need to have a thorough understanding of how the two primary forms of life insurance work. All of the various forms of life insurance – whole life, term life, variable life, universal life and the dozens of variations of each – can be […]

Posted in: Financial Planning Life Insurance Physician Money Management

The Advantages of Owning Life Insurance for Physicians

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

The purchase of a life insurance policy will never make most physicians’ top ten list of favorite things to do. After all, there is a lot not to like in the whole process of buying life insurance. With hundreds of products from which to choose, it can be confusing. Insurance contracts can be complex and […]

Posted in: Financial Planning Life Insurance Physician Money Management

Physicians May do Better with Return of Premium Life Insurance

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

Most physicians who buy term insurance are satisfied that they are paying less for their coverage than they would with a permanent life insurance plan. Still, many might feel that, after 20 or 30 years of paying into a policy without ever needing it, is like throwing money down the drain.  Of course, their survivors […]

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

Why Young Physicians Need Life Insurance

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

Life insurance is one of the most widely owned financial instruments because it can fulfill so many different needs. While the overriding need for most people is to provide financial security for those who are dependent in one way or another on a bread-winners income, the specific reasons people buy it are wide-ranging. If you […]

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