Sunday, August 19, 2018
Over the past few days, I’ve received several e-mails and phone calls from my physician clients asking me what to do about the Equifax data breach. So, I thought it was important to quickly explain what the Equifax data breach means, and what to do if you think your information might be compromised. WHAT IS THE EQUIFAX DATA BREACH? Equifax is one...
Hiring a financial advisor is a big decision. After all, you’re hiring someone to help guide you through some of life’s biggest decisions. Your financial advisor can help you decide what type of car and house you can afford. You’ll go to them to make sure you’re saving enough for your children’s college education. You’ll even seek their advice on the...
As physician families, sometimes it can feel like you’re constantly paying taxes. For as hard as you work, this can definitely be a drag. Luckily, when it comes to your retirement accounts, there is a way to grow your retirement money tax free, allowing you to keep a significant amount of your gains over the years. Under current law, the...
  The younger physicians I help with their financial planning often have questions regarding saving for college for their children. So, I thought it would be helpful to write a post to explain what a 529 college savings plan is and if it’s even worth opening. Like everything else in financial planning, the answer to this question will really depend on...
physician surveys
As a physician, I am always looking to supplement my income. Surveys are a great way to do that on your off time. Initially, it was hard to find surveys that paid well and/or catered toward physicians. Over the years, I have compiled a nice list of physician survey sites and their specific contact information. Some physician surveys can...
physician wealth services buying a car personal finance doctor
Whenever I meet with a client for the first time to create their financial plan, the topic of buying a car always comes up. My clients usually want to know how much can they afford to spend on a car, and what is the best way to buy a car. They want to feel like they’re getting a great...
How to teach your kids to value money with Fee Only Financial Planner, Ryan Inman Have you wondered how to teach your kids to value the toys or gifts that they ask for all the time? Have you wondered how to help your kids place a value on their grades or chores in exchange for an allowance? What about how to encourage...
For many medical couples, combining finances might be a big mental hurdle to overcome once they tie the knot. After all, you’ve been “on your own” through medical school, residency, or maybe even after training. You’re used to managing your own money, and you might even be accustomed to splitting rent, utilities, food, and other expenses while dating your other...
Doctors, above anyone else, know exactly what an emergency looks like. If your PM is anything like mine, Im sure you have heard the stories... That time they did chest compressions on a kid while in medical school or the time when that mother delivered a baby before she could make it to her hospital room? Yep, those were emergencies. Of course,...
credit card, physician wealth services
Many medical students and residents use credit cards throughout their training to help cover their expenses, and if that’s you, you’re not alone. In fact, the average credit card debt for a U.S. household carrying a balance is over $16,000. In addition to having debt, many Americans have more debt than savings too. If this is you, you probably realize...

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