Credit scores are an incredibly important financial tool. Many doctors, especially trainee and early-career doctors, are burdened by a low credit score because of the significant debt they take on while receiving low pay. Credit scores affect your interest rate and options for personal loans, mortgages, practice loans and other banking products. No matter your …
Saving money is important to achieving short and long-term financial goals. There are numerous ways to save, and a high-yield savings account is one option for building your savings. For those unfamiliar with this financial tool, there may be questions about the security of it, when to use it, and how to find one. We …
Are High-Yield Savings Accounts Worth It? & Other FAQs Read More »
Most doctors graduate with significant student loan debt. There is plenty of information and advice accessible on the internet, but we asked three financial planners what is one thing they want to share with doctors about educational debt. Read what Meredith Jones, DVM, CSLP®, associate financial planner at Vincere Wealth and veterinarian, Benjamin Bush, CLU, …
One Thing Financial Planners Wish Doctors Knew About Student Loan Debt Read More »
Most physicians, dentists and veterinarians graduate with significant student loan debt. Some choose to pay off this debt early, while others use their money in other ways. We asked three financial planners what benefits and downsides they see with eliminating this debt burden early. Read what Meredith Jones, DVM, CSLP®, associate financial planner at Vincere …
Pros & Cons Of Paying Student Loans Off Early, According To Financial Planners Read More »
Federal student loan payments have now been paused for over two years. This lack of payment obligation has caused borrowers to use different strategies when handling the temporary extra funds. We asked three financial planners what they are seeing within the doctor community during this time. Read what Meredith Jones, DVM, CSLP®, associate financial planner …
How Are Doctors Handling The Student Loan Payment Pause? Read More »
Most doctors, whether physicians, dentists or veterinarians, graduate with significant educational debt. According to the Education Data Initiative, on average, physicians graduate with about $241,600 in debt, dentists with $292,169, and veterinarians with $183,302. The number of medical, dental and veterinary school graduates with educational debt is high, with 76-89% of medical school graduates and …
You’re Not Alone: Many Doctors Need Help Navigating Student Loan Debt Read More »
The average annual salary for all physicians is $339,000, according to an April 2022 report from Medscape. Idaho is the highest paid state in the U.S. for family medicine physicians with a mean annual salary of $305,960, according to the U.S. Bureau of Labor Statistics. About 12.5% of all active physicians in the U.S. are …
What Is The Average Family Medicine Physician Salary? Read More »
The Education Department on January 10, 2023, shared the details of the Biden Administration’s proposed reforms to the income-driven repayment program (IDR). During the initial announcement in August 2022, these reforms were overshadowed by the president’s plan for a one-time, set-amount loan forgiveness, despite these changes to IDR being potentially more beneficial in the long …
What Doctors Need To Know About Biden’s Income-Driven Repayment Plan Read More »
Since our establishment, we have been dedicated to not only providing excellent products and services built for the needs of doctors, but also sharing financial, lifestyle and professional resources that can help you throughout your career. We’ve compiled all of our articles on common financial topics and questions into one easy-to-access resource. Managing your finances …
Financial Tips For Doctors: Budgeting, Savings, Retirement & More Read More »
Inflation is now at 7.1%, lower than the peak of 9.1% in June, but still higher than any point since the 1980s. Americans have been feeling the effects of this with more costly groceries, gas, rent and more. The Federal Reserve is aggressively raising rates in an attempt to slow spending, cool the economy and …
What The Fed Rate Hike Means For Loans, Credit Cards & Savings Read More »
You are leaving Panacea Financial, and being directed to a third-party site that is not maintained, owned or operated by Panacea Financial.
Panacea Financial does not control and is not responsible for the site content or the privacy or security practices of third parties.
Please select "Continue" below!
You are leaving Panacea Financial, and being directed to a third-party site that is not maintained, owned or operated by Panacea Financial.
Panacea Financial does not control and is not responsible for the site content or the privacy or security practices of third parties.
Please select "Continue" below!
You are leaving Panacea Financial, and being directed to a third-party site that is not maintained, owned or operated by Panacea Financial.
Panacea Financial does not control and is not responsible for the site content or the privacy or security practices of third parties.
Please select "Continue" below!
You are leaving Panacea Financial, and being directed to a third-party site that is not maintained, owned or operated by Panacea Financial.
Panacea Financial does not control and is not responsible for the site content or the privacy or security practices of third parties.
Please select "Continue" below!
You are leaving Panacea Financial, and being directed to a third-party site that is not maintained, owned or operated by Panacea Financial.
Panacea Financial does not control and is not responsible for the site content or the privacy or security practices of third parties.
Please select "Continue" below!
