In my years of working with anesthesiologists, physicians and other health care professionals, I often meet clients who clearly haven't put the same level of diligence toward their financial development as they have to their career development.
Whether you're just embarking on your profession after years of school and training, in the midst of a burgeoning career, or beginning to think about retirement, you need to give serious consideration to your finances.
Here are a few suggestions for holistically reviewing and adjusting your financial profile to help support a comfortable future for you and your family:
1. Address student loan debt. Currently, doctors graduate from medical school with a median debt of just under $195,000 (Scientific America 2019). With residents earning far less than what anesthesiologists will earn later in life, repaying these loans can be daunting – and require years of interest-laden payments at a time...
