It’s no secret that doctors have higher-than-average incomes when compared to the average U.S. household (in 2020, the average U.S. household income was $87,864 vs. $243,000 for PCPs and $346,000 for specialists on average). The profession’s risks are also different than most professions. According to a 2017 AMA report, 34% of all physicians have been sued, and 16.8%…

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Financial missteps from high-earning individuals, like doctors, can be especially costly. Do you struggle to manage your finances or want to improve your money habits? Or are you looking for additional ways to maximize your income and retirement savings? Here are 17 money mistakes doctors and other high earners can make and how to avoid…

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Physicians have complicated financial needs when you consider student loans, cash flow to meet life goals like owning a home and having children, paying taxes, negotiating employment contracts, obtaining the appropriate insurance, saving for retirement, building wealth, and buying into or operating a practice. Physicians are also well-educated but also incredibly busy and may wish…

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