What’s Happening
At Partners in Financial Planning, we keep you informed on a variety of topics. Check out our Blog posts and team News featured below. If you missed any of our newsletters or monthly investment commentary, be sure to check out our Newsletters & White Papers page for the latest market news and articles to educate and inspire.
5 Things To Know If You’re Relocating To Charleston, SC For Retirement
Charleston is rich in history, food, nature, and more. If you’re considering relocating to Charleston in retirement, it’s an incredible place to live out your golden years. But if you’re an out-of-towner, there are some things to know about South Carolina and Charleston before relocating for good. Below we’ve rounded up five top must-knows for those looking to relocate to Charleston, South Carolina in retirement. 1. South Carolina Boasts Several…
How Carilion Clinic Employees Can Make The Most of Their Retirement Benefits
If you’re an employee of Carilion Clinic, you likely have a generous compensation package. But with a complex and varied set of benefits, did you pay close attention to Carilion Clinic’s retirement offerings? Preparing for retirement starts by making the most of every benefit available. But since employees may need to “opt-in” to these benefits, you may have overlooked some during the hiring and onboarding process. Below we discuss the…
How To Build A Strong Retirement Plan As A High-Earning Physician
Physicians are some of the most disciplined and driven people in the world. You spent more years in school than most other professionals, followed by a grueling and intensive residency. Whether you’re just at the beginning of your career or looking to hang your white coat up for good, there’s never a bad time to think about your retirement plan. Just as you focus on the health of your patients,…
The Top Pros and Cons Physicians Should Know About Roth 401(k)s
As a high-earning physician, you must start preparing for financial independence retirement early in your career. The more time you give yourself to save, the less stress your transition becomes, especially if you want to maintain your current or similar lifestyle in your next step. You have numerous options for building your retirement savings. If your hospital system offers a 401(k) or 403(b), they may also allow you to utilize…
Do You Want To Switch Medical Systems? What To Evaluate Before Leaving
There are three primary medical systems in the Roanoke, VA area: the Salem Veteran Affairs Medical Center, the Carilion Clinic, and the LewisGale Medical Center. These networks are home to some of Virginia’s finest healthcare workers and have earned prestige within the healthcare community. The Partners in Financial Planning team specializes in helping physicians, doctors, surgeons, and other medical professionals navigate their employment options within these and other systems. It’s…
How New Doctors Can Navigate a Physician’s Mortgage (And Buy The Right House)
Doctors interested in purchasing their first home tend to face more hurdles than other homebuyers. Their debt-to-income (DTI) ratio is high, and being in residency may make it challenging to prove employment. These can be red flags (even deal-breakers) when trying to obtain a conventional mortgage, which is why some lenders offer loans specifically for physicians. What Is a Physician’s Loan? A physician’s loan, or doctor’s mortgage loan, is a…