physician Archives - Atlanta Financial Associates, LLC

The Unstable Future of the Physician’s Income

November 17, 2020

While compensation is certainly not the sole driver for aspiring physicians to enter the medical field, there is no doubt that physician compensation in the past has definitely been something that makes the long years of schooling and residency more palatable. But, current regulatory and economic pressures is challenging that post-residency reality and putting significant financial strain on doctors now and moving forward.

Four Signs to Look For When Choosing a Physician-Friendly Advisor

October 13, 2020

According to a 2017 survey, medical school students graduate with an average student loan debt of $192,000.1 With a demanding career ahead of them, most healthcare workers could use the help of a dedicated financial professional. From tackling student loan debt to preparing for retirement, an advisor can help take the lead on managing your biggest financial goals. As you begin your search for a financial partner, consider looking out for these four signs.

3 Tough (Yet Inevitable) Financial Questions Early Career Physicians Must Answer

September 2, 2020

There is no doubt about it, becoming a physician is not easy. You spend years training to be able to make life-altering decisions, sometimes at a moment’s notice. Chances are you feel comfortable making these types of calls, but less confident when it comes to making major decisions that affect your finances. And who can blame you? Decades of demanding medical education may have prepared you to become a great physician, but offers little in the way of financial guidance. But discomfort or trepidations aside, you’ll have some tough decisions nonetheless.

6 Biggest Mistakes Physicians Make When Planning for Retirement

June 1, 2020

While physicians are well-versed in matters of physical health, they tend to flounder when it comes to best practices for their financial health. And laying out long-term financial plans for retirement can be tricky. There is no one-size-fits-all solution.

6 Asset Protection Mistakes Doctors Often Make

March 10, 2020

As a medical professional, you are in the unique position of earning a high income for the majority of your career; however, with the perks of your high monetary reward come high professional risk. The fear of losing what you’ve worked so hard for to malpractice or misfortune is common to most financially successful physicians—and for good reason. Simple mistakes or faulty allegations can jeopardize a physician’s livelihood and lifetime savings in a flash.

7 Healthcare Trends That Will Impact Physicians

January 6, 2020

From the time you started preparing for the MCATs to wherever you are in your medical career today, it’s likely that the healthcare landscape has dramatically changed, challenging your pre-conceived notions about patient care and everyday business operations.

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