I stumbled upon the comment above which was made by a physician on the POF blog post – an informative blog for physicians wanting to master their personal finances. What I found interesting from this particular comment is that it’s apparent that $1M isn’t enough to retire on. This is a common enough blanket statement which […]
Tag: physician retirement
Is your money invested in profit-generating assets or is it sitting around? Do you have different investment options but having a hard time deciding on where to invest your money? You definitely aren’t alone and it can feel a bit scary, as if you’re all alone when doing it. It’s wonderful to have the kind […]
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Investing My Disposable Income
Investing My Extra Income I took some time off from investing after reaching the amount I needed to become financially secure. I reached my investment amount sometime in March of 2016. Since that personal milestone, interestingly, I have become less reliant on that money, having shifted my focus more on how I can get paid […]
The Kaiser Northwest Permanente Medical Group’s Cash Balance Plan Summary At Kaiser Permanente Medical Group, an eligible physician will have 10% of their gross salary matched by their employer into a cash balance plan every year. This money will grow at 4% every year, regardless of how the economy performs. Upon retirement or leaving […]
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Cash Balance Plans For Physicians
Everything you wanted to know about your cash balance plan With more and more doctors getting hired by large medical groups, cost cutting is critical in order to increase the bottom line for the profitable side of the hospital group. Cash balance plans for physicians are replacing their prevalent predecessor, the traditional pension plan. Pensions […]