The Medical Student/Resident Example

 

  • Finds out where they are placed for their residency

  • Starts looking for places to live

  • We team up together and talk about their goals:

    • Strategy for paying off student loans and which option is best for them

    • Creating a budget

    • Going over their residency's benefits -health insurance, disability, 401(k)/403(b), etc.

    • Discuss goals for investing and insurance

      • Disability Insurance- which company, which contract, which definition and policy options best fit my occupation, will I be able to add more coverage later, am I eligible for any discounts?

      • Investing- will my residency match any of my contributions to a 401(k)/403(b), should I do a Roth IRA, what should I invest in?

      • Life Insurance- do I need life insurance yet?

    • Set up a timeline for when we will implement your plans

    • Follow up as soon as you get adjusted to your new location/routine

  • We maintain ongoing communication and make adjustments to plans as you proceed through residency, fellowship, and then becoming a full-fledged physician

  • We ramp up your investments and insurance plans with your much bigger income that you've been working towards through 10+ years of undergrad, medical school, and residency/fellowships