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

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 […]

Posted in: disability claims Disability Insurance Doctor disability insurance healthcare Medical News Practice Management stress management Uncategorized

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 […]

Posted in: Financial Planning Money Management Physician Money Management Practice Management Retirement Uncategorized

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 […]

Posted in: Financial Planning healthcare Medical News Medical Residents Money Management Physician Money Management Practice Management Uncategorized

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 […]

Posted in: Disability Insurance Doctor disability insurance physicians disability insurance Uncategorized

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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How to Manage Money Like a Pro

Posted on: July 11, 2014 by Chuck Krugh, CFP

The journey to financial success begins at home with the management of your personal finances. Some physicians, although well-intentioned, seem to always find themselves playing catch up and never quite in control of their money matters due to the demands of their careers. If you want to manage money like a pro and experience financial […]

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Which Surgeons Get the Most Injuries?

Posted on: July 1, 2014 by Chuck Krugh, CFP

When most people think about hospitals and injuries, they think about patients. But recent research demonstrates that physicians can put themselves at risk, too – simply by virtue of practicing medicine. In a recent issue of Bone & Joint Surgery, a trade publication for orthopedic surgeons, author Manish K. Sethi, MD showed which surgeons get […]

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