Happy Money Monday! There is a website that we have mentioned a few times on Money Monday that is a great resource for dentists at any stage of their career, from student to retired. Today, there is a relatively new feature on the website that we would like to share with you. Keep reading for the link…
The completion of dental school (or residency) brings a whole bunch of changes and new responsibilities. As this blog has made clear many times before, there are several financial changes a new grad must deal with. One of those financial questions new grads are often confronted with revolves around disability insurance. While not exhaustive, I’ll attempt to give a few tips on disability insurance in this article.
For many young dentists and students alike, online banking has become second nature. The ease of mobile and online banking has made online banking a go-to for busy professionals on the go. With this ease come security concerns. Read on for some ways to keep your accounts as secure as possible.
Ever feel like living on a student budget is impossible? It’s pretty hard. Daily snacks and coffee breaks can really add up when you’re watching your wallet. Here is how much money one dental student spent over the course of a typical week.
This post was inspired by Refinery29.com’s Money Diaries. Keep reading…
Let me first say that there are a lot more than 5 things you need to do when you graduate dental school. Like get a job for example. But I’ll focus in on a few often-overlooked items I typically find when someone goes through my planning process.
Keep reading for five tips…
When you get your first job, there is a good chance that you are going to have to make some decisions about participating in a retirement plan right away. In some cases that decision will be made for you. If you go to work for a corporate dental office, there is a pretty good chance you will end up with the option of a 401k. 401k Retirement plans are less common in smaller and private practices, but it would still be beneficial to have a basic understanding as one will likely be recommended to you at some point in your career. One other thing to keep in mind is that you could also end up working as an independent contractor, in which case you would not be able to participate in the employer’s retirement plan although you could set up your own. There are other types of retirement plans but for the sake of brevity, we will focus on the 401k. Here are some things you need to know.
I’m pretty sure that the first thing most new dental school and resident grads do when they get their first paycheck is go down to the dealership and buy a new car. And why not? After all, most of you have been slaving away, living on loans or the meager salary of a resident which is barely enough to cover your loan payments and rent. So here you are, finally ready to buy the car you have been thinking about for 7 years. Hopefully this article will help you get a better deal. In addition to getting a good deal, my hope is that this article will help you think through the steps involved with a large purchase.