Our clients ask us all the time.. “What is an HSA? Should I use it? Why should use it?” This leads us to believe that there is some mystery and confusion surrounding HSA’s and we’re…
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10 Essential Money Moves for the Resident Physician
1 – Communicate With Your Spouse! To this day, my wife still gives me a hard time about our first date… we went for ice cream and were getting to know each other. About 3…
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So You’re Moving to a New State…
Everyone knows Uncle Sam – he takes his slice of your pie before you ever even see it. But what about the lesser known local and state income tax bites? Did you know, in some…
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The Doctors’ Loophole: What it is & How it Might Affect You
Physician Loans: Qualifying for a Mortgage with Significant Medical School Debt
This is a guest post from Tyler Gossett. He is a mortgage professional with Fifth Third Bank and has extensive experience dealing with physician loans. Fifth Third physician loans are offered in the following states:…
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New Student Loan Refinance Option For Medical Residents
Great news! There is hope for residents and fellows feeling the brunt of high interest rate student loans. Until recently, it was challenging and often impossible to refinance student loans to lower rates as a…
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How Much Should I Have in My Emergency Savings Account?
A common and significant misstep in the financial planning process is failing to plan for the worst case scenario.. especially for those early in their planning years. We all suffer, at one time or another,…
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How to Start Talking About Money with Your Spouse
The medical residency life is stressful. The hours are long. Every moment spent outside of work is precious. The pay is limited, and there are still student loans to deal with. With all these pressures,…
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Should I Rent or Buy My Home in Residency?
Many in the medical community believe residents and fellows should buy their homes – purchasing in the transition period between medical school and residency. This group often has the opportunity to take advantage of “physician…
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Disability Insurance Basics for Residents
We use insurance to protect many things in our lives – from jewelry to cars to homes – but many of us don’t think about protecting our most important financial asset: our ability to earn…
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15 Tips for Surviving on a Medical Resident’s Salary
Are you serious about living within your means and maximizing your resident salary? Here are 15 tips to get you moving in the right direction! 1) Determine what you’re working with In our area, the…
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Tackle Student Loans Sooner Rather Than Later
Even though physicians often earn hefty six-figure salaries, many graduate with a mountain of debt. According to the AAMC, 79% of physicians graduating in 2015 will face debts of over $100,000. Forty-three percent will be…
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