What to Look for in Your Hospital Benefits Package: Retirement The first item to check off your list is to assess your retirement options. What does your employer offer for a retirement plan? Do you get a 403(b) and a 457 deferred compensation plan, or do you get a 401(k) and a profit sharing plan? […]
Tax Changes Affecting Physicians
If you are a physician or are in another high-earning field, you may be wondering how the new tax changes will affect your money. Here are three main changes that may affect you, and how to handle them: Tax Bracket Reduction First and foremost, your tax brackets have changed. If you earn between $200,000 […]
5 Physician Financial Challenges
Doctors are among the highest-paid professionals in the country, but that money needs a plan to become true wealth. Here are 5 physician financial challenges to watch out for, and how to keep them from undermining your wealth potential: Physician Financial Challenges: Lifestyle Inflation Doctors are well aware of the sacrifices it takes to make […]
Managing Physician Burnout
The pressures on physicians today are different than they were even a decade ago. Physician burnout is a serious problem with potentially catastrophic results. New Hampshire Public Radio spotlighted this problem last month. Here are some of the takeaways from that program: What is Burnout? Burnout is more than having a tough day or […]
Physician Insurance : Selecting Your Best Coverage
Physicians have certain considerations to keep in mind when shopping around for insurance. Physician insurance coverage varies widely depending on specialty, state and business status, so doing your research to get optimal coverage is key. Here’s what to look for in disability, life and medical malpractice insurance: Disability Insurance If someone relies on your […]