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Resident/Fellows

Congratulations on reaching the milestone of completing medical school! Now, as you embark on your residency or fellowship journey, it's essential to navigate the unique financial challenges that lie ahead. From managing limited income to exploring loan forgiveness programs, building emergency funds, and protecting your future with disability insurance, we are here to guide you through every step of this critical phase in your career.

Questions Residents/Fellows Often Have

COMMON PAIN POINTS WE TREAT

  • How should I prioritize paying off my student loans while also saving for the future?
  • What are the best strategies for managing debt?
  • How can I make the most of my limited income to build savings and investments?
  • Should I consider refinancing my student loans?
  • Can you assess my group benefits package?
  • What type of insurance coverage do I need to protect myself and my family?
  • How can I budget effectively to cover living expenses while still saving for long-term goals?
  • What are the potential tax implications of moonlighting or additional income during residency?
  • Should I start contributing to a retirement account now, or focus solely on paying off debt?
  • How can I prepare financially for the transition from residency to practice, including relocation costs and licensing fees?
  • What steps should I take to begin building a financial plan for the future, including emergency funds and retirement savings?

Ways We Assist Residents/Fellows

Debt Management

  • Student Loan Management
  • Public/PSLF
  • Private/Refinancing
  • Consumer Debt/Major Purchase Planning (Credit Cards/Vehicles/etc.)
  • Physician Home Loans

Income/Asset Protection

  • Estate Planning
  • Medical-Specialty Short & Long-Term Disability Insurance
  • Life Insurance
  • Long-Term Care Insurance
  • Health Insurance
  • Emergency Fund/High-Yield Cash Equivalents

Post-Training Transition

  • Contract/Offer Review
  • Desired Lifestyle Design
  • Benefit Enrollment Coordination
  • Cashflow Forecasting/Tax-Efficient Planning

Educational Webinars/Events

  • ‘Ask PWS to Present to Your Program/GME’

We’ll answer all these questions and provide you with the resources and connections you need to take the stress off your shoulders. Specializing in professionals just like you we understand the options and decisions you are facing and can not only share real life examples of what some of our other clients have done but also connect you to all the resources to navigate each step successfully.

Illustration of Impact

Our financial advisors can help you decide between different student loan repayment options, such as Income-Driven Repayment (IDR) plans, Public Service Loan Forgiveness (PSLF), or refinancing, to find the most beneficial approach for your specific situation.*

We'll assess your need for medical insurance, disability insurance, life insurance, long-term care insurance, and umbrella liability coverage to provide comprehensive protection for both your personal and professional life.

How disability insurance can protect doctors