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 »
March 17 — aka Residency Match Day — is a major day for residents all over the country! Leading up to that day, you’re undoubtedly going to feel a mix of panic, excitement, anticipation, and stress. As doctors ourselves, we know first-hand how emotional Match Week can be. One way to ease the emotional turmoil …
Residency Match Day 2023: What to Expect Before, During, and After 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 »
You’re starting to complete some residency interviews. Congrats! You’ve prepared for these interviews for months. From submitting your applications to each residency program to thoughtfully perfecting your answers to common questions, lots of time, effort and stress went into that moment (even to getting your zoom background perfected for the interview ha!). Now that you …
Editor’s Note: This article was originally published in October 2020. We updated and revised the content December 2022 to provide the most current and accurate information. Student debt has doubled over the last ten years, ballooning up to $1.54 trillion, and becoming the second largest consumer debt type, placing it higher than both credit cards …
How Has The Biden Presidency Affected My Student Loans? Read More »
Medical, dental and veterinary professionals endure years of education and training to be well equipped to serve their patients. Despite the years of learning, doctors often graduate with little financial knowledge. This lack of knowledge can be detrimental to doctors’ long-term financial health. One financial concept that doctors will encounter often as they search for …
Because of the high income of physicians, dentists and veterinarians, many expect these professionals to easily build up substantial savings to enjoy in their golden years. High debt load, late start in earning, excessive spending and lack of knowledge can get in the way of that. Preparing for retirement should be a priority throughout your …
How To Prepare For Retirement As A Physician, Dentist Or Veterinarian Read More »
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