Tax Day has come and gone. Since you’ve already spent time putting your financial statements together, why not take this opportunity to make the most of that effort? By Jeffrey Steiner, DO, MBA Most physicians don't have a great handle on their retirement savings and investing. Chances...
The lure of self-employment continues to be popular for anesthesiologists. It comes with flexibility in scheduling as well as the ability to travel. Whether this is a full-time gig or in supplement to your W2 job, there are many options to manage your retirement when working as a 1099 employee...
No matter how “comfortable” I become financially, I can still always appreciate a good deal. And believe me, if you plan to finance your child’s education, there is no better deal than a 529. By Chris Malgieri, MD In a nutshell: A 529 plan is an investment fund that you own, and your...
Younger anesthesiologists focused on wealth accumulation rather than preservation should consider adding not just stocks but also cryptocurrency to any aggressive investment portfolio. Here’s why. By Andrew Winegarner, MD Anesthesiologists, especially now, have a secure job market with...
Almost all financial advice suggests diversification to minimize risk if a certain portion of your portfolio takes a hit. Investing in real estate may be a good bet. By Kayla Knuf, MD Many residents and staff early on in their careers cannot afford to purchase a property (rental,...
Before starting your new role as an anesthesiologist, there's one last hurdle: employment contract negotiation. By John Rose, DO As a newly minted anesthesiologist at the end of years of arduous medical training, the anticipation of your first attending paycheck can be exciting. However,...
A financial plan is much like an anesthetic plan. Young physicians should aim to optimize outcomes and set themselves up for success while also insuring against the rare but potentially catastrophic bumps in the road. By Daniel Kinney, MD Anesthesiologists spend a great deal of time...
Doctors are among the highest earners in America, which allows us much greater financial flexibility and freedom than most people. That means we have more opportunities for economic advancement and asset growth but also more chances for potentially disastrous blunders. Here are the eight...
Personal finance isn’t taught in most medical schools or residency training programs, so it’s no wonder many doctors don’t start saving sooner. Here’s some back-of-the-napkin math on how much you need to save each year to reach your retirement goals. By Jimmy Turner, MD I’d like to say...
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While the idea of having a financial planner may seem convenient, finding an affordable financial planner who has your best interests at hand can be a daunting task. Target funds and robo-advisors are two modern tools designed to help novice investors manage their own money. By Kayla Knuf, MD ...