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 […]

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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 […]

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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, […]

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Social Security Disability Cuts on the Horizon

Posted on: March 9, 2016 by Chuck Krugh, CFP

If you were on the fence about purchasing private disability insurance, things may be getting a little more urgent soon. That’s because the Social Security Disability Insurance program, which has been under serious actuarial pressure for a while, may soon be forced to slash benefits, unless Congress moves to shore it up with additional sources […]

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Study: Long Work Hours Triple Women’s Risk Of Life Threatening Chronic Illnesses

Posted on: January 24, 2016 by Chuck Krugh, CFP

Those of you in or recently out of residency will relate to this one: Long work hours over three decades or more significantly increase the incidence of severe, life threatening chronic diseases among women. That’s according to a recent study by Xiaoxi Yao, Ph.D., with the Center for the Science of Health Care Delivery at […]

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What New Doctors Are Doing Wrong

Posted on: April 9, 2015 by Chuck Krugh, CFP

New doctors are prone to making mistakes – and not just medical mistakes. At least doctors acquire medical malpractice insurance to protect them against medical mistakes! In some ways, the worst mistakes young doctors make aren’t medical mistakes but financial ones. After all, you can buy medical malpractice insurance, but no one will insure you […]

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SHOW ME THE MONEY!!! New Physician Compensation Map Shows Doctors Where Pay is Highest (And Lowest)

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

It was only a matter of time. Developers have finally come out with an easy-to-use application that lets physicians anonymously share compensation data and location. Once the information from thousands of physicians is aggregated and plotted on a map, the data can provide physicians around the world a handy resource for learning what specialties are […]

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The SSDI Safety Net is Going Broke – Why You Need Disability Insurance

Posted on: January 10, 2015 by Chuck Krugh, CFP

The government can’t take care of you. At least, not in any kind of lifestyle most Americans would find acceptable. According to the Social Security Administration’s own actuaries, the government account that funds the Social Security Disability Insurance program is going broke, and fast. The account is now insolvent, and projections are that by the […]

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The 5 Rules of Debt, and 6 Financial Mistakes New Doctors Make

Posted on: December 22, 2014 by Chuck Krugh, CFP

Those of you just beginning your careers are probably most worried about student loan debt. And it’s true – student loans are a heavy load for most physicians who don’t come from wealthy families and who don’t get a lot of government help along the way. Though, you don’t have to look at it that […]

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How to Save Money as a Resident

Posted on: July 25, 2014 by Chuck Krugh, CFP

We know how hard it is to balance the budget when you’re in residency. There’s a compelling need to protect as much as $15,000,000 in future income as a physician against the very real risk of a career-wrecking disability that could happen to anyone – and yet there are multiple competing demands on every dollar. […]

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