PracticeLink Magazine

WINTER 2015

The career development quarterly for physicians of all specialties, PracticeLink Magazine provides readers with feature articles, compensation stats, helpful job search tips—as well as recruitment ads from organizations across the U.S.

Issue link: https://magazine.practicelink.com/i/436721

Contents of this Issue

Navigation

Page 60 of 91

WINTER 2015 PracticeLink.com 61 ball. "I'm 35 years of age and I've only been saving for retirement for 10 months," he says. "I've seen the numbers. As I start saving for retirement now, I know that friends who have been putting $1,000 a month away from the age of 25 will have more money than I will at retirement age." With this ring, I thee wait In a 2013 American Student Assistance (ASA) survey, 29 percent of respondents said they had put off marriage as the result of student loans, while 43 percent indicated that student debt had delayed their decision to start a family. "Debt may likely play a factor in delaying any decision I might make about marriage in the future," says Heard. The economic insecurity prompted by student loans extends far beyond marriage into decisions about children. Anesthesiology resident Eisdorfer had his f rst child during residency, while King and his wife, who is also a physician, have decided to postpone having children until her medical school debt has been repaid. The current ASA survey shows that about 41 percent say they can't afford to have kids and pay off student loan debt at the same time. Overcoming the debt burden McCall says that loan debt can be quite crippling on physicians. "I know quite a few people that stay in medicine after residency for only one reason—they are saddled with debt. Some doctors would explore other careers if they had the chance," McCall says. "Some doctors f nish residency and immediately begin buying a few things and start having fun after years of doing without. In a few years, they may have more toys, but are in no better shape f nancially," says Tal Frank. "With each year, life gets more expensive. But if physicians adhere to a budget from the beginning, they can be completely debt free by the time they are 40." ● Marcia Noyes is a frequent contributor to PracticeLink Magazine. Learn more about our contributors on page 14. WIN Find your dream practice—and enter to win a $500 gift card—at PracticeLink.com/Win WE DEFINE Hospitalist Medicine Join our team at Reid Hospital in Richmond, Indiana Practice hospitalist medicine in the comfort of the Midwest Only minutes to downtown Dayton, Ohio • Accomplished program of 14 IM/FP Hospitalists • Eagle Employed Nurse Directors and Mid Levels Support • Combined clinical experience of 85 years • Continuously exceeding quality of care expectations Contact Cindy Fiorito, Director Physician Recruitment 678-441-8512 · cindy.fi orito@eglhp.com www.eglhp.com Established Hospitalist Company since 1998 Employing over 350+ physicians Nationwide 2 0 1 5 AN N UAL Quality of Life issue

Articles in this issue

Links on this page

Archives of this issue

view archives of PracticeLink Magazine - WINTER 2015