A surgeon shares how she got $250,000 forgiven with PSLF, talks about net worth growth post-training. Finance 101 covers probate, importance of disability and life insurance for doctors. Focus on optimal insurance policies for medical professionals and the significance of financial planning since 2011.
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question_answer ANECDOTE
From Deferment To PSLF Windfall
Shana did almost everything
volunteer_activism ADVICE
Act Quickly On The IDR Waiver
Do check whether consolidating and applying for PSLF under the IDR waiver can credit past payments.
insights INSIGHT
Policy Timing Can Outweigh Past Choices
Temporary policy windows can reverse poor past decisions and produce big outcomes.
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Our guest today is a surgeon who got almost $250,000 of student loans forgiven with PSLF thanks to the new waiver. She was the beneficiary of having her loans forgiven under the current IDR waiver for PSLF. She is hoping that if your situation is similar that you also take advantage before the waiver expires on April 30th. She has also worked hard to take her net worth from a negative $350,000 after training to just over half a million. After the interview we will be talking all about probate for Finance 101.
Getting quality disability and life insurance should be the first financial chore for a doctor to complete. Most docs don't have the ideal policy for their gender, specialty, state, or health status and 1 in 7 doctors get disabled at some point during their career. Because these policies can only be purchased through brokers, we have put together a list of vetted agents who are experienced with working with the specific needs of medical professionals and who have your best interest at heart. If you have questions about insurance and what kind of policies would be the best fit for you, check out our insurance recommended list at https://whitecoatinvestor.com/insurance and feel the peace of mind that comes with knowing you have the optimal policy in place.
The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor channel is for you!
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