Physicians: 8 personal financial concerns

Practice Management

Having enough money to retire tops the list of financial concerns of employed physicians, according to the 2014 Employed Physicians Financial Preparedness Report by AMA Insurance.

The survey includes responses from 2,073 U.S. physicians.


 
Here are eight personal financial concerns of employed physicians:

 

•    Having enough money to retire  — 72 percent
•    Being able to fund long-term care expenses — 65 percent
•    Having the right estate plan — 51 percent
•    Having enough disability insurance — 45 percent
•    Having enough life insurance — 44 percent
•    Funding college expenses for children — 36 percent
•    Financially providing for elderly parents — 35 percent
•    Paying off medical school debt — 18 percent

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