The medical profession is famously demanding, requiring that physicians devote much of their time and energy to providing patient care. Because of these demands, many medical professionals struggle to find the time for other important activities, such as personal financial planning. The result is that many doctors work long hours yet lag behind in terms of basic financial preparedness. In a new statement to the press, The Medicus Group provides some tips for reversing this trend—addressing female physicians, in particular.
“Recent research suggests some ways in which women in the medical field can ensure they are in a financially stable place,” says The Medicus Group. “This advice is important for female physicians who want to ensure their personal finances—not just their business finances—are healthy.”
Having a retirement portfolio is the crucial first step. “Ideally, you’ll start saving for retirement early in your career—though there are solutions available for those who start late and need to catch up,” comments The Medicus Group.
Another important component of financial preparedness is a liquid emergency fund. “Should unforeseen expenses arise, would you be able to write a check for $10,000 or even $20,000?” asks The Medicus Group. “Financial preparedness means having significant cash on hand to field such emergencies.”
Insurance is another piece of the puzzle. “We recommend disability insurance, which can provide for you should an injury or illness prevent you from practicing,” says The Medicus Group.
Finally, The Medicus Group affirms that financial preparedness means working with a skilled advisor. “Given the demands of practicing medicine, it’s unrealistic for medical professionals to think they can self-manage their finances and not miss some key opportunities,” the company notes. “Enlisting an advisor is highly recommended.”
The Medicus Group provides advisory services to doctors, dentists, and other medical professionals who wish to better manage their own financial trajectory through investment, savings, insurance, and beyond. Those who wish to schedule a comprehensive, no-commitment financial audit from The Medicus Group are encouraged to visit www.mymedicusgroup.com or call (980) 235-7885.
ABOUT:
Based in Charlotte, North Carolina, and serving clients nationwide, The Medicus Group is a financial planning firm that caters to high-earning medical and dental professionals. The firm specializes in assessing existing financial vehicles and products to guarantee proper coverage and offer recommendations where appropriate to drive client financial success. Additionally, the firm can assist with the development of enterprise-level business solutions for medical groups and organizations of all sizes, institute recruitment and retention strategies, create tactics and roadmaps for exit and key-man planning, implement employee benefit plans, and assist in the securing of lending.
For more information about The Medicus Group, visit www.mymedicusgroup.com or call (980) 235-7885.
Media Contact
Company Name: The Medicus Group
Contact Person: Victor Holloway
Email:Send Email
Phone: (980) 235-7885
Country: United States
Website: www.mymedicusgroup.com
