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 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 »
Refinancing your medical, dental, or veterinary school loans could save you money on interest, but it’s not always your best option. Loan forgiveness programs only apply to federal loans. If you intend on working for a qualifying institution full-time for 10 years and you have qualifying loans, you should pursue Public Service Loan Forgiveness. If …
As a Doctor, Should I Refinance My Student Loans? Read More »
Are you considering buying your first home? Homeownership is an exciting part of life that can be representative of your hard work. Homeownership can increase your overall net worth, provide you with attractive tax shelters, and provide you with security and a greater sense of well-being. But, it also typically means taking on a large …
Mortgage Basics For Doctors: What Is A Mortgage, How It Works & More 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 »
Deciding to leave one job for another can be a big life change. Whether making this decision because of advancement opportunities, desire for a new location, or dissatisfaction with your current role, consider these things before you make the leap. Are doctors changing jobs? From 2020 to 2022, 46% of physicians changed jobs, according to …
Considering A Job Change? Here’s What Doctors Should Know Read More »
According to the U.S. Bureau of Labor Statistics, the mean annual wage for dentists was $160,370 as of May 2021. Delaware is the highest paid state in the U.S. for dentists with a mean annual salary of $233,860. With a mean annual salary of $311,460, oral and maxillofacial surgery is the highest paying dental specialty. …
As a dental practice owner, deciding to incorporate new technology and equipment is a step toward improving efficiency and quality of care for your patients. Before you take that step to invest in new technology, here are four things to consider so you can be prepared and knowledgeable about your purchase. Take a deeper look …
What You Need To Know Before Buying New Dental Equipment & Technology Read More »
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