Magazine

“Having healthy kids, a loving spouse, vehicles that run, a roof over our head, and a stable job is about as good as life can get,” says oncologist Matthew Cassell, M.D.

Forget the Joneses: Seven reasons to go frugal

One of the biggest sources of struggle for new physicians is the social construct that a doctor can afford anything - that the title of M.D. should instantly grant a millionaire’s lifestyle. Unfortunately....

MEDICARE word made with building blocks, medical concept background.

Expansion of the Medicare Advantage program

Jeff Atkinson

In the last 10 years, the number of Medicare beneficiaries enrolled in Medicare Advantage has more than doubled, to 24.4 million as of 2020. That represents more than one-third of all Medicare beneficiaries. Th....

Portrait of female nurse / doctor with face mask

Before you go…

Bruce Armon

Physicians are committed to and want to heal people - even, for many, outside of their "main" job. During their "spare" time, these physicians take on medical mission work both in the United States and ....

Growth in Medicare - and in proposals to change how it is funded

Jeff Atkinson

Medicare is a program undergoing significant growth, and there are several proposals on the table that could change it. There are Two types of plans Medicare delivers care through two main programs: Original Me....

What’s your retirement plan?

James McNaughton

When it comes to retirement, you either outlive your assets or they outlive you. The deciding factor is whether you have a formal, comprehensive plan. Depending on your specialty, you just spent the last 12 to ....

Raphiel Heard, M.D., purchased a home during medical school with help from family—and now rents it out to students while he completes his residency in a different state.

Bridging the gap: Financial options for physicians

PracticeLink

PracticeLink Magazine While many people assume physicians are flush, the fact is that many face the same financial challenges as those in other professions - and even more, in many cases. Between extended trai....

Adrienne Collier, M.D., notes, “Do not buy a new house or a new car within one to two years of completing residency.”

Five principles of physician frugality

PracticeLink

New physicians who are up to their ears with student debt will find themselves on the cusp of financial ruin if they immediately start spending their newly increased income on huge purchases. It’s possibl....

In addition to proper insurance coverage, Eric Tait, M.D., recommends identifying an asset protection plan. · Photo by Kelli Durham

Protecting what you’ve built

James M. Dahle, M.D., FACEP, WhiteCoatInvestor.com

Many physicians carry a profound fear of losing their personal assets due to a mistake at work. By understanding just how rarely this actually occurs, you can alleviate these fears - and make reasonable de....

Trump’s Plan to Cut Federal Health Care Spending

Jeff Atkinson

The plans of President Trump and congressional Republicans for reducing health care spending are a work in progress. Republicans prioritized tax cuts for people with high incomes, as well as increased spending ....

Fatal financial planning flaws

David B. Mandell, JD, MBA and Jason M. O’Dell, MS, CWM

As authors of 11 books for physicians, including , we have consulted with thousands of doctors of all specialties during the last decade. The problems with poor financial advice From this experience, we have be....

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Forget the Joneses: Seven reasons to go frugal

Expansion of the Medicare Advantage program