Study - Young Physicians Don’t Know Much About MoneyUnlike 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
Five Important Disability Insurance Riders Doctors Should UnderstandMost of our readers understand the role of disability insurance in a doctor's or dentists overall financial plan. Most experts would agree that for those in a high-earning profession like medicine, who have already invested
Residents – What They Earn and What They Owe, NationwideThe average salary for residents for 2016 was essentially unchanged compared to the prior year, at $56,500, according to the recently-released Medscape Residents Salary & Debt Report 2016. That represents an increase of $100 per year,
MetLife to Suspend the Sale of New Disability InsuranceIf you’ve been putting off getting disability coverage, now is the time to act. Here’s why: One of the best disability contracts for physicians on the market – and one of the best values – is the MetLife policy. Unlike many cheaper disability
REPAYE PlanA new twist on the existing Income-Based Repayment (IBR) and Pay-As-You-Earn (PAYE) programs to adjust student loan payment programs to income – just became operational in the final weeks of the end of 2015. The program will potentially benefit up to 5 million Americans who are now
For most people, the need for disability income insurance is a pretty straightforward calculation: Nearly anyone with a whole career in front of them and relatively little in savings – the usual situation with workers in their 20s, 30s and early 40s – needs as much as the insurance company will sell
There’s nothing so good it doesn’t have to be sold. And there’s no doctor so good he doesn’t have to sell an employer or patient on himself once in a while.That’s especially true for newly-minted physicians, who don’t have a professional reputation behind them, other than medical school and
What New Doctors Are Doing WrongNew 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.