Financial Planning for Physicians / Doctors

Key Takeaways: Physicians face unique financial challenges, from high incomes to significant medical school debt and lifestyle creep. For physicians in California, additional factors can make finances complex, such as the state’s high cost of living and taxes, making financialREAD MORE

Preparing for the future is the key aim of financial planning. Estate planning is a critical part of this, helping to protect your family, wealth, and legacy.  We understand that as a physician, your time is precious. Finding time toREAD MORE

Given the unique financial landscape that comes with being a doctor — high earnings coupled with significant student debt — physicians face both challenges and opportunities when it comes to managing their money. Indeed, many physicians finish medical school withoutREAD MORE

Income volatility is a common challenge faced by physicians, particularly as their careers evolve. Early on, physicians may experience relatively low income during residency or as a new attending physician. However, once they complete their training and establish a practice,READ MORE

Achieving Financial Stability as a Physician The belief that doctors are automatically financially stable is a common misconception. While physicians typically earn higher-than-average incomes, they also face significant financial challenges, such as high student debt, the cost of malpractice insurance,READ MORE