Physician‘s Financial Strategist
- As the Dow reaches and continues to set new all-time highs, many investors are wondering if they are following the conventional wisdom of “Buy low, sell high.” Dollar cost averaging can help take some guesswork out of investing.
- Market returns do not always “make sense.” Instead of attempting to time the market, investment decisions should be determined by the projected time horizon of the need of the funds, along with individual risk tolerance and objectives.
- The Department of Education is now offering further relief for student loan repayment. The Pay as You Earn Program is meant to be an even more affordable method than the previous income-sensitive repayment program, Income-Based Repayment.
- If you're considering taking advantage of the current low-interest-rate environment to refinance your home, then one large consideration is the intended time horizon in your current residence.
- Some more highlights (or lowlights) from the fiscal cliff deal, including tax deduction limitations on high-income earners as well as the new rules for converting to a Roth 401(k).
- Everyone has heard the common phrase “Don’t put all of your eggs in one basket.” Nothing could be truer when it comes to investing. The tough part for most investors is just learning what the different areas there are to diversify over.
- There are a vast array of life insurance policies out there — do you know the differences between all of them and which benefits you most? Here we break down the two most popular types of permanent life insurance.
- The subject of life insurance is very confusing to physicians because there are so many products and solutions AND opinions. Depending on the type of policy, your life insurance can provide a multitude of benefits you might now realize.
- Many changes to a financial strategy occur with the arrival of a child, which can be very costly. Here's a starting point for a financial strategy checklist when you are expecting.
- It is extremely rare in today’s world for a physician to stay with the same employer for his or her entire career. One of the biggest decisions to address is what to do with your old retirement account. Generally, you have four options.
Jon C. Ylinen is a financial adviser with North Star Resource Group and co-authored Real Life Financial Planning for Physicians. He is a partner of North Star‘s Medical Division and works with medical students, residents, fellows, and in-practice and staff physicians. He can be reached at firstname.lastname@example.org or www.askjonylinen.com.
Jon C. Ylinen specializes in comprehensive financial services with strategies specific to the unique financial circumstances that doctors consistently face, including debt and risk management; asset protection strategies; investments; retirement preparation; tax-efficient investment options; and estate planning.