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    Financial Planning for Medical Doctors
    Financial Planning for Medical Doctors
    Financial Planning for Medical Doctors
    Ebook39 pages23 minutes

    Financial Planning for Medical Doctors

    By Dale Maley

    4.5/5

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    About this ebook

    American medical doctors face some unique financial planning challenges. They often have to incur student loans in the hundreds of thousands of dollars. Unlike regular college graduates who start working at age 22, they often can not start working until about age 30. Their relatively high income can also drive the need for huge retirement savings. Because of their high income, doctors are major targets for people selling bad investments. This short story explores these unique challenges. Read this short story if you are a medical doctor who wants to learn how to meet your long-term financial goals.

    LanguageEnglish
    PublisherDale Maley
    Release dateDec 22, 2012
    ISBN9781301274246
    Financial Planning for Medical Doctors
    Author

    Dale Maley

    Dale C. Maley is the author of the 19999 book Index Mutual Funds: How to Simplify Your Financial Life and Beat the Pros.He is also a contributing author to Chapter 18 Seeking Help from Professionals in the 2009 book The Bogleheads Guide to Retirement Planning.He is a very successful private investor who has been a student of Financial Planning and Investing for over 30 years. He was trained as an engineer at the University of Illinois and has been a practicing engineer for 32 years. His accomplishments as an engineer include the granting of 16 U.S. Patents and authorship of over 500 professional technical papers. He is also a member of the International Society of Automotive Engineers and the Society of Manufacturing Engineers.He also has earned an MBA (Masters Degree in Business Administration) degree from Illinois State University. His background in mathematics, engineering, and business provides him with the excellent basis for understanding and teaching investments and financial planning.He is also a very successful investor who has been investing in common stocks and mutual funds since 1980. He has also personally invested in both 401(K) and IRA plans, so he is familiar with participation and management of these types of investments. He has been investing in indexed common stock mutual funds since 1990.Dale became a Registered Financial Advisor in the State of Illinois in 2006 and is currently launching his business as a fee-only financial planner. He is President of Maley Financial Planning LLC.

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    • 5/5
      Provides sound pertinent advice for physicians to reference in assisting with retirement planning.

    Book preview

    Financial Planning for Medical Doctors - Dale Maley

    Financial Planning for Medical Doctors

    by

    Dale C. Maley

    SMASHWORDS EDITION

    * * * * *

    PUBLISHED BY:

    Artephius Publishing on Smashwords

    Financial Planning for Medical Doctors

    Copyright © 2012 by Dale C. Maley

    All rights reserved. Without limiting the rights under copyright reserved above, no part of this publication may be reproduced, stored in or introduced into a retrieval system. No part may be transmitted, in any form, or by any means (electronic, mechanical, photocopying, recording, or otherwise). Exceptions to this must be with the prior written permission of both the copyright owner and the above publisher of this book.

    *****

    Table of Contents

    Chapter 1

    The Guiding Principles of Financial Planning

    Chapter 2

    Typical Life Cycle of Investing for Non-Medical Doctors

    Chapter 3

    Required Savings Rates for Non-Medical Doctors

    Chapter 4

    Typical Life Cycle of Investing for Medical Doctors

    Chapter 5

    Required Savings Rates for Medical Doctors

    Chapter 6

    Short Term Recommendations for Medical Doctors

    Chapter 7

    Long Term Recommendations for Medical Doctors

    Chapter 8

    Natural Targets for Bad Investments

    Chapter 9

    How to Learn More about Investing

    Chapter 10

    Seeking Help from Professionals

    Chapter 11

    Summary

    References

    Recommended Reading

    Web Sites

    * * * * *

    Warning-Disclaimer

    This book is designed to provide information in regard to the subject matter covered. It is sold with the understanding that the publisher and author are not engaged in rendering legal, accounting, insurance, or other professional services. If legal or other expert assistance is required, the services of a competent professional should be sought.

    It is not the purpose of this manual to reprint all the information that is otherwise available to the author and/or publisher. The purpose is to complement, amplify, and supplement other texts. You are urged to read all the available material, learn as much

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