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Q We need to recruit a young physician and have considered a number of approaches, including allowing the local hospital to manage the process, using a recruiter, or just advertising. [...]

The article offers information on available options and choices for the U.S. physicians to save for retirement funds. It informs about two ways for retirees to withdraw income at retirement which include pre-tax and post-tax buckets. Pre-tax accounts help the retirees to get a tax break in the year and the account growth is completely tax-deferred. It reports that no tax payment is required on the money present in post-tax accounts.

The article answers questions pertaining to the right approach to recruiting a physician, the options for paying back student loans during residency and fellowship, and the 72(t) exemption to avoid penalties for early withdrawal of funds from an individual retirement account (IRA).

The article discusses areas on financial management for which surgeons search for advice. It says that the government addresses graduate debt issues of most physicians through program called Public Service Loan Foregiveness. It mentions that retirement funds management of surgeons have three options such as leaving it at one's old employer's retirement plan, spreading the old account into employer retirement plan, and fund withdrawal.

The article focuses on home purchasing and financing strategies for physicians and issues to be considered in home buying and financing. It suggests ways to balance financial goals and debt, home financing and low interest rates, and explores the type of mortgage to take. It discusses mortgage financing programs available only for physicians, which have been developed as lenders recognize the ability of new physicians to pay their mortgages after medical school.

The article presents the author's views on the specialty-specific disability insurance plan for physicians. He suggests that medical occupation-specific coverage varies and hence physicians should pay importance to the legal definition of the disability plan. He discusses several features of disability plans which include cost of living adjustments in plan for disability longer than a year, guaranteed renewable disability plan and limits of exclusion in plan, if any.

The article presents the author's insights regarding the strategy for physicians' financial planning. The author states that time and resources should be spread on many areas when setting up a financial strategy. Meanwhile, a pyramid is presented for the visualization of the primary areas of need, which includes security and confidence, capital accumulation, and tax advantaged investments.