THE DUFF TORNEY TEAM
Resources for Physicians
Contract Negotiations as a Physician
As a physician just starting your practice or switching jobs, you have a lot of financial considerations to consider…
Disability Insurance– A Guide for Physicians
As physicians finish residency and start their life in practice, planning for long-term financial success should become a top priority. For most physicians, this is the point where they command a respectable paycheck for the first time and can begin to make progress on their financial goals..
The Five Prongs of Asset Protection for Physicians
Lawsuits loom as an ever-present fear for physicians. According to the American Medical Association (AMA), more than one-third of physicians report being sued for malpractice…
Financial Planning for Physicians: How to navigate traps from sudden increases in earning power.
Physicians encounter a variety of financial planning opportunities inherently unique to their profession. One of those is the large increase in income that occurs after residency. Physicians typically go from making an annual salary of $50,000-$70,000 to five times that amount in a few days…
Offered ownership in a medical practice? Here are the financial questions.
Medical doctors working in a private practice may one day get the opportunity to become an owner of the business. When this offer is made, a physician needs answers to several questions, ranging from how the business is run, the cost to become a partner and how much more money they will earn…
Financial Planning for Doctors: Navigating a Sudden Pay Increase
Medical doctors, especially those starting out, can face unique financial challenges. They’ve often spent years studying for exams and working long hours in residency while watching their former college classmates and friends take jobs and climb the career ladder…
Life After Residency: Essential Financial Planning for Physicians
Completing residency is a significant milestone for physicians. After years of hard work and dedication, you’re finally ready to embark on your medical career. However, as you transition from a resident to a practicing physician, it’s crucial to pay attention to your financial well-being…
Open Enrollment is Coming – Here’s Why a Health Savings Account Could Make Sense
Many individuals and families are enrolled in a High-Deductible Health Plan (HDHP). These plans offer a unique feature called a Health Savings Account (HSA), which allows a person to set aside money for healthcare expenses…
Physicians Guide – Exploring Student Loan Forgiveness Options
Student loan forgiveness for physicians is a critical topic, especially with the high levels of student debt that medical school graduates often carry. Fortunately, there are various forgiveness and repayment program options available to help alleviate this burden…
Physicians Guide – Exploring Student Loan Repayment Options
As a physician, you have invested a significant amount of time and resources into your career. For most physicians, this investment into oneself is accompanied by a considerable amount of student loans…
Physicians Guide – Optimizing Your Debt Management
Debt management is a crucial aspect of financial wellness for physicians. You have invested a significant amount of time and money in your education and training, accompanied by the high costs associated with medical education…
Physicians Guide – Determining Your Life Insurance Need
Life insurance is an essential financial tool for physicians, as it provides a safety net for families in the event of untimely death. Physicians often have unique financial needs and earning potential, thus understanding the type of insurance and amount of coverage needed is crucial…
Physicians Guide – Determining Your Disability Insurance Need
Disability insurance is a critical component of financial planning for physicians. Physicians invest years of their lives and significant financial resources in their career, and their ability to earn an income is one of their most valuable assets…
Physicians Guide – Defining Philanthropic Goals and Maximizing Charitable Impact
Charitable giving and philanthropy provide physicians with an opportunity to make a significant impact on their communities and the world at large. As medical professionals, you possess unique skills and resources that can be leveraged to improve healthcare access, research, education, and various other humanitarian causes…