Update 2009
Initially Published on September 16, 2008
As a physician, how much do you need in your retirement kitty to finance your golden years? It was a vexing question when this article was first written by Physician’s Money Digest’s Editor-in-Chief, Gregory J. Kelly, and is an even more vexing dilemma in 2009. It is also one that most physicians tend to ignore; hence the reprint.
Assessment
And so, for those doctors curious about whether they’ll be living on Easy Street, or Skid Row, when they hang up their stethoscope, it helps to do some basic math and to review this link:
Read: http://www.hcplive.com/pmdlive/articles/3951
Conclusion
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The skills and knowledge sources required for healthcare financial analysis and personal financial planing for physicians differs from those needed for general industry research and lay client use.
Therefore, I am please that the ME-P examines the research process as well as various sources of information needed for differing types of personal financial analysis-related activities for medical professionals, including benchmarking and business valuation, to assist internal analysts and healthcare financial executives in being better informed about the application of research methods.
Of course, this information assists those financial advisors in the healthcare space, as well. Especially, now during this current “crisis of confidence” in the entire financial services sector.
My kudos to all concerned.
Dr. Stephen Walden Marcus
Stephen,
These specialties enjoyed the biggest jump in compensation from a year earlier: neurology, non-invasive cardiology, anesthesiology, emergency medicine and internal medicine.
Source: http://blogs.wsj.com/health/2009/06/17/how-much-do-rookie-doctors-make-the-latest-scorecard/
Remington