When NOT to put money into a retirement account

crunching numbersYou’ve probably heard that you need to start early when it comes to saving for retirement. I often get asked by dental residents (some of which have $450k of outstanding debt) if they should save for retirement while in residency. For your average resident and recent grad, there are some very good reasons NOT to put money into a retirement account. Here are a few…

Public Service Loan Forgiveness: Is it worth it?

female dentistPublic Service Loan Forgiveness is a government program in which federal student loans get forgiven after 10 years of work at a qualifying non-profit or government organization. I’m going to assume for the purposes of this article that you are at least a little familiar with the plan. You can read more about it here.

There are a variety of considerations one must take into account when considering a job that qualifies for Public Service Loan Forgiveness. Often times the dentistry isn’t very exciting and the areas that offer these kinds of jobs can be somewhat remote. But I want to answer the economic question. How valuable is Public Service Loan Forgiveness from an economic standpoint?