Salary Structure – Dollars and Sense

Financial Planning for Medical Professionals with Stephanie Nanney – Part Two (Ep. 52)

By Dollars and Sense | September 25, 2024

Did you know medical professionals typically face over $200,000 in student loan debt upon completing their education?

This significant financial burden, paired with a delayed start in their earning potential, makes financial planning uniquely challenging.

In this second part of Nicole Romito and Stephanie Nanney’s conversation about financial planning for medical professionals, they dive deeper into the unique circumstances surrounding their financial landscape. Learn tips for managing substantial student debt, balancing personal and professional financial goals, and preparing for large salary changes.

Nicole and Stephanie discuss:

Managing large student debt and balancing it with other financial goals like buying a home or investing in a practice.
The importance of disability insurance and the different policy options available for medical professionals.
Navigating the fluctuating income streams typical for medical professionals.
A need for collaboration with CPAs, attorneys, and other professionals to ensure comprehensive financial health.
And more!

Resources:

Connect with Nicole Romito:

Connect with Stephanie Nanney:

LinkedIn: Stephanie Nanney

About Our Guest:

Having grown up around the financial services industry, Stephanie Nanney, CFP®, CPFA, knows the value of long-term relationships with clients and the work and reward that comes with helping those clients, and their families, achieve financial goals. Stephanie’s primary goal in helping clients is to listen to them and establish a genuine partnership, providing a strong foundation of financial knowledge that is crucial to achieving their goals. Ultimately, witnessing her clients achieve their Private Vista is the most rewarding aspect of her work.

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Financial Planning for Medical Professionals with Stephanie Nanney – Part One (Ep. 51)

By Dollar$ and $ense | September 11, 2024

Contrary to popular belief, earning a salary as a medical professional can sometimes cap your financial growth.

Exploring different compensation models could open doors to greater control and profitability.

Join Nicole Romito as she sits down with her partner at Private Vista, Stephanie Nanney to peel back the layers of financial planning for medical professionals, providing insights into compensation structures, retirement planning, and the critical decisions that can shape your financial well-being. By listening, you’ll gain valuable knowledge on how medical professionals are paid, the importance of understanding compensation structures, and strategies to maximize your financial security.