Medical Professionals

As a medical resident, fellow or young physician you have unique demands on your time and financial resources. We have found that most of those in the medical profession have a desire to become more educated on their financial decisions, but truly do not have the time it takes to learn all the details necessary to make smart decisions with their money.

Seldom does your medical training address the importance of protecting yourself and creating a financial strategy to address your specific needs. Making sound financial decisions early in your career can mean the difference between making a good living or truly having the financial success you have worked so hard for over the past several years.

In the same way that you would recommend someone to seek out a professional like yourself for medical advice, you should seek out a professional for financial advice. You have spent substantial time and money on your career and now is the time to fully protect and plan for it.

Values Based Financial Solutions for Medical Residents, Fellows & Young Physcians Cash flow Management Emergency Fund Group Benefits Reviews Life Insurance / Disability Insurance Debt / Student Loans Career Development Liability Protection Roadmap for Residents Program used Nationwide Financial Advisors do not provide tax or legal advice. This information should not be considered as specific tax/legal advice. Your should consult your tax/legal advisor regarding your own specific tax/legal situation. TRUST l STRENGTH l INTEGRITY l QUALITY l RESPECT l COMMUNITY

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Roadmap for Residents and Young Physicians

Workshop Series

The financial decisions residents, fellows, and young physicians make at this critical phase of their careers can have a lifelong impact on their futures. Our series of quarterly workshops is designed to provide young physicians with the education necessary to make smart financial decisions and increase the likelihood that they will achieve their personal and financial goals.

1. Financial Foundation: Covers the basic tenants of finance that every young physician needs to be familiar with in order to develop smart financial habits. Topics include cash flow management, emergency funds, and building a safety net.
2. Protection: This session covers the fundamentals of income protection with particular emphasis placed on disability and life insurances*. We will address the types and amounts of coverage available as well as the importance of having these plans tailored to suit their specific occupations and evolving careers.
3. Debt Management: How to manage and eliminate the various debts and loans common to residents, fellows and young physicians such as, lines of credit, student loans, and credit cards, while maintaining a strong credit score.
4. Investment and Tax Strategies: Specific strategies to accumulate and preserve wealth. Seeks to explain the impact of taxes on the three buckets of money as well as the best ways to use 401K and 403B in conjunction with other investment vehicles.

Other important topics presented by guest speakers from a variety of fields.

• Understanding Contracts
• Choosing a Practice
• Estate Planning
• Medical Malpractice Protection

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