CYP Personal Finance Blog



The ASA Committee on Young Physician (CYP) s is pleased to present this monthly article series on personal finance. These articles are not written by hedge fund managers or real estate tycoons but by practicing physicians. Some have business degrees and some do not – but every contributor is an anesthesiologist who has some guidance to offer the rising generation of attending physicians. It is not the intention of the committee to offer definitive financial advice, but rather some pearls of wisdom to consider while developing a personal fiscal plan.

Articles

  • Blog Entry

    Why Public Service Loan Forgiveness (PSLF) is such a particular boon to indebted physicians. By Chris Malgieri, MD Eleven years ago, on a balmy late-spring day in Columbus Ohio, I entered my medical school lecture hall for a mandatory student loan ...

  • If we’re serious about long-term financial planning we must first understand the emotional drivers—overconfidence, unconscious bias, even jealousy and envy—that may be getting in our way. By Cobin Soelberg, MD, JD, FASA When many physicians think ...

  • Blog Entry

    It can be a headache finding the right person to look after your home and your children, but when you are lucky enough to find a keeper, you will need a financial plan – and hopefully not encounter another headache. By Chelsea Altinger Casey, MD ...

  • While not part of a traditional investment plan, several arguments can be made for having some amount of alternative investment funds. By Matthew Dellaquila MD MBA FASA If limited to a small percentage of your investment fund, alternative investment ...

  • The Tax Person Cometh…

    Blog Entry

    As we settle in for the winter months, the holiday season gives way to a much less welcome time of year. Here are a few things young physicians should keep in mind as Tax Day approaches. By Christopher Malgieri, MD Tax season used to be a much simpler ...

  • Disability insurance maybe the furthest thing from your mind right now but, without it, you may be creating a major gap in your overall financial plan that could quickly dissolve your savings and future. By Chelsea Altinger Casey, MD It’s one of ...

  • Every time you change your employer (even going from resident to attending at the same institution), your benefits package will likely be different. To secure your financial future, it is important to review this benefits package thoroughly and intentionally ...

  • The journeyman path that many of us take through medical school and training leaves a dust cloud of landlords and leases. For those finishing training and beginning life as an attending physician, July 1 st confers a whole new meaning – and, hopefully, ...

  • The conflicts of interest within medicine are pretty easy to spot when you know what to look for. Let’s just say the financial industry is set up a little differently. By Jeffrey Steiner, DO, MBA It is not unusual for me to get asked personal finance ...

  • Blog Entry

    Upon finishing training, many new anesthesiologists will have debt (usually in the six-figure range) from medical school and college. They will likely also have debt from credit cards, relocation loans, car payments and possibly housing debt. Monthly ...

  • Blog Entry

    There is more than one road to financial success, but the key is spending less than you earn. Outgrow your new paycheck too quickly and you may find that you are struggling to meet your financial goals. Here are a few basic principles to put you on the ...

  • Your ability to work is the foundation of your financial plan. In previous blog posts we have discussed student loan management and how to plan for retirement . This post focuses on protecting your ability to execute those well-thought-out career goals ...

  • For the young physician just beginning their career, retirement can seem infinitely far away. Retirement planning, however, requires dedication early in your career to ensure a smooth transition years down the road. Here is the first installment of several ...

  • Blog Entry

    If you've got student debt - and if you're a young physician, chances are you do - you're probably wondering about the best and fastest ways to get rid of it. Here's a quick overview of your options. By Christopher Malgieri, MD You know the numbers. ...