Vituity's Director of Benefits, Chris Renner, provides advice on financial planning for young physicians based on his extensive experience in personal finance.
Editor's Note: This article originally appeared on Vituity's website.
From performance-based payments to astronomical education loans, physicians are feeling financial pressure on all sides. No one wants to feel forced to work at age 70. But how can you pay off your debt, put the kids through college, and retire when you want to
To get some expert answers, we recently sat down with Chris Renner, Director of Benefits at Vituity. Chris has been assisting Vituity physicians with financial planning since 1992. In fact, he's been with us through five U.S. presidents, the Great Recession, the passage of the Affordable Care Act, and Vituity's expansion across the country. So when it comes to personal finance, there's almost nothing he hasn't seen.
Here are Chris' answers to some of the toughest financial questions physicians ask.
What's your biggest financial planning tip for new physicians?
Renner: With all due respect to wealth accumulation through a retirement plan, remember that you are your biggest investment. Focus on growing your career and demonstrating diligence, discipline, and productivity. Instead of punching the clock and trading time for money, get in the habit of creating amazing value for your patients, your partners, your family, and your employees. The difference between ordinary and extraordinary is often just that little extra. Click here to continue>>