Dive into essential advice on Public Service Loan Forgiveness and its implications for medical professionals. Learn about the critical need for disability insurance during residency. Explore the stability of bonds versus stocks, with insights on managing risk in your investment portfolio. The discussion also navigates the retirement planning maze, tackling calculations for a secure financial future. It's an engaging session filled with strategies to boost financial confidence in the medical field.
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volunteer_activism ADVICE
Stay Flexible with PSLF Payments
Don't panic over potential changes in Public Service Loan Forgiveness (PSLF) until actual changes occur.
Maintain flexibility by saving payments in a PSLF side fund to adapt if plans or laws change.
volunteer_activism ADVICE
Navigating Employer Loan Assistance and PSLF
Stick to your PSLF plan if your employer is giving additional loan payments despite temporary inability to pay federal loans.
Consider switching repayment plans to keep making qualifying payments and preserve employer contributions.
volunteer_activism ADVICE
Dual Doc Disability Insurance Planning
Both doctors in dual-income couples should have a disability plan; either buy full policies or rely on the spouse with clear understanding of risks.
Consider buying disability insurance only for the period you will be sole income or use policies with graduated premiums and avoid unnecessary riders.
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Today we are tackling a variety of topics starting off with a few questions regarding Public Service Loan Forgiveness. We talk about looking for disability insurance as a resident and then answer a few questions about bonds. We wrap up with a question about calculating how much money you need for retirement.
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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 is for you!
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