What Are the Best Credit Cards for Medical Students?
Credit cards are like a fire – they can keep you toasty or get you burned. If you’re a student, you can get ahead while minimizing credit debt before it gets out of hand with these student credit cards.
Why You Need a 10-Year Financial Plan
The idea of taking your planning out 10 years may seem, at best, overwhelming. But this type of projection is particularly important if youâ€™re entering the later stages of your physician career, because the decisions you make now will have a big impact on how and when you retire.
It's the Little Things that Kill Your Retirement Savings
Many retirement savers focus on the big things, and rightfully so. Where many of us lose our way is with what may seem like little things.
Would You Pass a Financial Literacy Test?
Studies suggest more than half of Americans are financially illiterate. One reason: Many people remain undiagnosed.
Can Even Physicians Suffer from Financial Impotence?
One might assume that physicians, largely considered â€œwell-compensated,â€ would be immune from feelings of financial impotence. Not so.
Science Debunks Another Retirement Trope
The notion that workaholics see a sharp health decline upon retirement has become popular idea in recent years. A new study challenges the premise.
How Misinformation Hurts Americans' Retirement Savings
We know from many studies and our own personal experience that misinformationâ€”including our own biases as investorsâ€”often negatively impact our financial behavior. But a new piece of academic research suggests that two very common retirement biases are significantly holding back retirement savers.
Answers to Your Burning Advisor Questions, Part 4: Chemistry Matters
When choosing a financial advisor, there's more to consider than dollars and cents. You also need to think about whether your advisor's mindset aligns with your own.
PMD's Most Popular Stories for the Week Ending April 15
Here's a look at our five most popular stories for the week that ended April 15.
Life Insurance: Neither Cheap Nor Easy
In the final part of our four-part series on life insurance, we offer some final thoughts on the tricky decisions you must make as you purchase your policy.
Answers to Your Burning Advisor Questions, Part 3: Understanding Fees
In Part 3 of our series on questions you should ask your financial advisor, we look at how you should discuss the potential costs of your advisor's services.
Gender Pay Gap in Healthcare Persists
A recent report found a continued gap in menâ€™s and womenâ€™s salaries. Healthcare and insurance were among the worst industries in terms of gender pay inequity.
PMD's Most Popular Stories for the Week Ending April 8
Here's a look at our five most popular stories form last week.
Life Insurance: What Policy is Right for You?
In this third article in our four-part series, we discuss how to choose between the different types of life insurance.
If You Plan to Live Longer, Better Save More
Living longer is unquestionably a good thing, and one that, as a physician, youâ€™ve contributed to in some fashion. Just make sure the extra years are good, comfortable ones, with a savings plan designed to last a while.
Answers to Your Burning Advisor Questions, Part 2: Know Their Limits
In Part 2 of our series explaining questions you should ask potential financial advisors, we look at why it's important to have a full view of your advisor's areas of expertise, and of their limits.
PMD's Most Popular Stories for the Week Ending April 1
Here's a look at our five most popular stories last week.
The Big 3 Retirement Worries as You Near the Big Day
For those nearing retirement, though, the fears often narrow in scope but worsen in intensity. These are the Big 3 for near-retirees.
Answers to Your Burning Advisor Questions, Part 1
Earlier this month we gave you 20 questions you should ask a potential advisor. Now, in response to a reader request, we're delving into those questions to tell you why they matter and what answers you should expect.
Could the New Fiduciary Standard Impact You as an Investor?
The Department of Labor is updating the fiduciary standards that govern how financial professionals should treat customers. We look at what this might mean for you.
Life Insurance: Why You Need to Understand the Different Types
In this second part of our four part series, we explain the complex differences between different kinds of life insurance and discuss why purchasers need to understand them.
PMD's Most Popular Stories for the Week Ending March 18
Here's a look at the five most popular stories on PMD last week.
Life Insurance 101: Do I Really Need It?
Every day, physicians in every type of practice are presented with hard evidence about the one inescapable truth: sooner or later, weâ€™re all going to die. One might think, then, that doctors would exceed the national averages for those who maintain life insurance policies. One would be wrong.
What Investors Get Wrong about Target-Date Funds
Target date funds are popular, no-hassle investment vehicles. However, investor error can sap their key strength.
PMD's Most Popular Stories for the Week Ending March 11
Here's a look at the five most popular stories on PMD for the week that ended March 11.
20 (or so) Questions for a Prospective Financial Advisor
Choosing a financial advisor is a huge decision and one you shouldnâ€™t make without ample information. Hereâ€™s a link of critical questions to ask as youâ€™re meeting with potential advisors.
3 Pitfalls of Early Retirement
Voluntary early retirement can be a blessing, but doing so can also come with some unexpected complications. Here are three to watch out for, and three solutions to avoid the pitfalls.
3 Persistent Myths About Retirement Planning
When saving for retirement, you'll undoubtedly run into a mix of solid and dubious advice. These myths could derail your goals.
What You Need to Know about Required Minimum Distributions
As more Americans live longer and work later, more people are having to face the reality of required minimum distributions from their tax-deferred retirement vehicles. Here's what you need to know.
Political Check-Up: Donald Trump
The rise of Donald Trump has been one of the biggest surprises in recent political history. We take a look at what the GOP frontrunner would change with regard to taxes and healthcare if his presidential bid succeeds.
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