10 Ways to Prepare for International Travel

August 15, 2017 | Posted in: Global Health

couple in airport
International travel is one of the best ways to expand your horizons and encounter new people and cultures. Traveling or vacationing outside of the U.S. requires special planning and precautions before you leave. It’s not too soon to consider these useful tips to assure a safe and smooth trip.

Honor Your Mentor | Women in Medicine Month

July 04, 2017 | Posted in: Global Health

Acknowledge the people who have made a difference in your professional life by nominating them to be a part of the AMA-WPS Inspirational Physicians Recognition Program .

Your first contract will set the stage for your financial future. Understanding your contract beyond compensation is critical. 

About 25 percent of residents use a professional financial advisor, according to the AMA Insurance report. Not surprisingly, 62 percent say they feel “behind” for retirement, and 70 percent feel only “somewhat” or “not very knowledgeable” about personal finance. Finding an advisor should be a priority during residency.

Many residents are focused on saving: 25 percent are very concerned about having enough for retirement, 21 percent about funding college expenses for their children and 19 percent about providing for elderly parents, according to the AMA Insurance report.

The top financial concern for residents is paying off their medical school debt, according to the AMA Insurance 2017 Report on Resident Physicians’ Financial Preparedness report. That’s understandable, given that 50 percent of residents have medical school loans totaling more than $200,000.

Residents typically see a negative balance sheet when they think about their financial situation and may feel there isn’t much to protect now, but it’s important to consider your most important asset–your ability to earn an income.

New Report: 2016 U.S. Physicians’ Financial Preparedness by Age

August 31, 2016 | Posted in: Financial Preparedness

How financially prepared are you for retirement - and how does that compare to physician peers in your age group? We know physicians differ from other investors, from a delayed start in saving for retirement to the heavy debt incurred during intense training years.

7 Characteristics Shared by Physicians Who are ‘Ahead’ for Retirement

August 16, 2016 | Posted in: Financial Preparedness

If you feel ‘ahead of schedule’ in your plans for a healthy retirement, then chances are you share some or most of 7 characteristics we found that differentiate physicians who feel ‘ahead’ from those who feel ‘behind.’

AMA Insurance’s latest study, 2015 Report on U.S. Physicians’ Financial Preparedness: Young Physicians Segment, paints a clear picture of today’s physicians under age 40, and their unique financial challenges.

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