According to the U.S. Bureau of Labor Statistics, the mean annual wage for orthodontists is $267,280. Hawaii is the highest paid state in the U.S. for orthodontists with a mean annual salary of $348,674, according to ZipRecruiter. Orthodontists, like many other healthcare professionals, have diverse salaries that depend on a multitude of factors such as …
We get it, because we’ve been there. As a doctor or doctor-in-training, you are likely incredibly busy. We know speed and convenience are crucial, so when it comes to paying for anything, it’s easy to reach for a credit card. Credit card debt can quickly become overwhelming, especially for busy physicians, dentists, and veterinarians who …
How To Pay Off Credit Card Debt For Doctors & Doctors-In-Training Read More »
A down payment is the amount of cash you pay upfront on a large purchase, like a home or car. Lenders may require down payments from 0% to 25%, depending on several factors, including the loan type and the borrower’s credit profile. Doctor mortgages can help healthcare professionals purchase a home with a smaller down …
Recent weeks have been tumultuous for some banks, leading to some concern among customers about the safety of their deposits. In the wake of two bank failures, it is natural to worry about the security of your funds, and you may have questions about what measures are being taken to protect your money. In this …
Liquidity includes savings, stocks, bonds, mutual funds and any money you can take out of an account without penalty. Retirement accounts, like 401(k)s, IRAs, Roth IRAs, and home equity are not included in liquidity considerations. Liquidity is important because it allows you to have a safety net if your practice doesn’t perform well right away …
What Is Liquidity & Why Is It Important For Practice Ownership? Read More »
Dr. Jamine Ifedi, DDS, MBA, opened his Charlotte-based dental practice, Empire Dental Group, with the help of Panacea Financial. What led him to practice ownership is a lesson in finding passion and purpose in the community around you. Read his story here. Finding passion Dr. Ifedi earned a bachelor’s degree in healthcare administration from East …
Bringing Passion & Purpose to Practice – Customer Spotlight Read More »
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 »
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