As the academic year draws to a close, it’s a time of excitement and anticipation for many residents and fellows. You’ve worked hard to hone your skills and gain valuable experience, and now you’re preparing to take the next step in your career. But as you make the transition from trainee to attending physician, it’s important to consider the financial implications of this change.
In this episode, we’ll explore five key planning considerations for those who are wrapping up their academic year and moving on to the next phase of their medical career. We’ll cover topics such as disability insurance coverage, budgeting for wealth building, prioritizing financial independence, and the importance of celebrating your accomplishments in a meaningful way. By the end of this episode, you’ll have a better understanding of how to plan for your financial future as you take this important step in your career.
What You’ll Learn In Today’s Episode:
- The importance of reviewing your disability insurance coverage frequently.
- How to budget appropriately to accommodate financial progress.
- How to prioritize financial independence.
- The benefit of celebrating in a one-time fashion and what this means.
- When to consider augmenting coverage.
- How to decipher how much life insurance you need.
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