This two-doc couple owes $840K and they're not even out of residency yet. What can be done? Leaving California is one option, but PSLF may be a better one.
Credible is trying to simplify the process of refinancing your student loans by offering you multiple options with a single application.
Student loan management is a critical aspect of financial planning for doctors. Most doctors are going to want to refinance their loans at some point, but perhaps not in residency as rates are a little higher and the new REPAYE program is in some ways more attractive.
Student loans really suck. But starting in 2013 refinancing them became possible again. This competitive marketplace is constantly evolving for your benefit and there are now six companies offering a special deal to WCI readers to refinance their student loans to as low as 1.9% variable, including two that will refinance your loans even while you're still in residency!
Concerned about the effect of fees on your portfolio growth but also not willing to be a 100% Do-It-Yourselfer when it comes to investment management? A robo-advisor may be just what the doctor ordered. In this post, I review the various Roboadvisors on the market, along with their strengths and weaknesses so you can make a decision about whether this option is right for you.
Peer to Peer Lending (P2PL) is a relatively new asset class I've been investing in for a few years with good success. The risks are high, but the low correlation with the rest of your portfolio coupled with the high returns make it worth looking into.
Graduating medical students (and especially their spouses) have a strange, burning desire to buy a house so their friends, family, and psyche will feel like they've finally made it. If they're smart, they'll curb it. Buying a house in residency is a huge gamble of your time and money at a period of life when you have little of either.
The more I learn about doctors and their finances and the more I talk to other docs, the more I see several recurring themes that cause them to have difficulty reaching financial success. Don't make these seven mistakes.