10 Tips and Traps for the Relocating Physician

Physician Family Financial Advisors Podcast

A physician has made the decision to change jobs or move out of state. What answers should a physician receive before they accept a new position? What key factors should a physician know before they establish new residency, such as taxes, insurance, debt, and retirement? How should a physician plan their move to avoid huge impacts to their life? Every physician's situation is different, tune in to learn ten tips and traps before you decide to take the leap and relocate yourself and your family.

ASK A QUESTION

Send your questions about taxes, investing, extra money, retirement, college, and financial parenting to [e-mail] or call the Physician Family Answer Line at [phone].

IN THIS EPISODE

• [00:42] Get a tax projection from a CPA,
• [2:48] Tips about insurance and how to set it up before changing locations/jobs.
• [6:06] Tips and traps with college savings.
• [10:44] Tips and traps for debt.
• [16:30] What to look for when hospitals are offering loan repayment as a benefit.
• [17:30] Tips and Traps for retirement.
• [25:10] Every physician’s situation is different when you move to a different state. Make sure to plan accordingly to avoid major impacts to your life.

NOTICE

Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.