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6 Financial Planning Mistakes Physicians Make

WiserAdvisor

Hence, it becomes essential to follow a rational financial plan that focuses on your short and long-term financial goals and ensures financial security not just in the present but also in the future. Not prioritizing debt management Debt management is another reason why financial planning for physicians is necessary.

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Retirement Planning Tips: How Much an Average Person 65 and Older Spends Every Month

WiserAdvisor

Let’s consider a hypothetical scenario where your present household income is $90,000. To secure a stable financial future, you must address outstanding debts before retiring. Create a plan to pay off high-interest debts and consider consulting with a financial advisor for guidance on debt management strategies.