5 key financial moves to make in residency:

  1. Secure the most important kind of insurance now
  2. Evaluate debt in context
  3. Establish a realistic budget
  4. Find an advisor
  5. Get support

Read more about disability insurance, financial planning and debt 

There are 3 important factors to consider when evaluating a disability policy. 

The individual disability insurance marketplace has become even more complicated which is why it is important to understand your options.

You made it - will your wallet? Follow these 4 bits of financial advice so that you can focus more energy on getting the most out of your training.

You should start planning how you will handle your student or medical education loan payments 6 months before your grace period ends. 

Get the tools necessary to make an informed decision regarding your medical student-loan repayment.

As a busy resident with limited income and mounting personal and professional responsibilities, evaluating and purchasing disability insurance may be far down on your list of priorities. But it shouldn’t be.

Medical trainees have considerable debt and once they begin practicing, the window in which they can maximize their earnings is smaller than most other professions. It’s logical, then, that having the right financial approach from day one of your career as a physician will give medical residents the best long-term fiscal outlook. 

When it comes to handling their federal student-loan debt, many medical residents don’t realize how many options they have. With 80 percent of residents reporting student-loan debt of $100,000 or more, it’s critical that you get up to speed to ensure you’re on the right road to repayment.

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