Webinar: Six Financial Building Blocks for a Young Physician

Webinar: Six Financial Building Blocks for a Young Physician
The demanding schedule of a resident or fellow can make it easy to overlook planning for your financial future. In this webinar, Michael Lewellen CFP covers six building blocks of a physician’s financial foundation, including Student Loan Repayment, Life Insurance, Disability Insurance, Investing and more. Mr. Lewellen outlines next steps for a young physician to launch a dynamic and flexible financial plan to meet or exceed long-term financial goals. Who Should Attend: Residents, Fellows, AOA Emerging Leaders, and any orthopaedic physician who serves as a mentor to residents and fellows. EVCDS

Areas Covered:

Student Loans
  • Lowering interest rate and monthly payments
  • Refinancing options
  • Loan consolidation
Disability Insurance
  • The value of their future income is a physician’s most important asset.
  • Protect future income for yourself and your dependents.
  • How much coverage is needed?
  • How to determine if the group coverage offered by an employer is enough.
Life Insurance
  • Necessary if the physician has children and/or a non-working spouse.
  • Determining the appropriate amount of coverage
  • Term vs. Permanent Life Insurance; Advantages and Disadvantages of Each
  • Life Insurance as part of a comprehensive retirement plan.
  • Know your Risk Score
  • What is a fiduciary?
  • The importance of identifying a wealth advisor who understands your goals and timeline
  • Building and protecting a tax-efficient portfolio

Retirement Savings and Financial Planning

  • Why physicians often get a late start on saving for retirement.
  • Creating a flexible and dynamic plan that changes with your family and your career
  • Education to understand the how and why of your planning decisions
  • Effects of asset protection and tax planning considerations on your retirement planning
  • Finding a Financial Quarterback to lead your planning team
Estate Planning
  •  What basic documents you should have and when

About Michael Lewellen, CFP ®

Michael Lewellen is the Director of Financial Planning at OJM Group. Michael works with clients at every step of the firm’s planning process, from the data-gathering phase through plan delivery and implementation. Michael has written articles and presented seminars covering the areas of basic financial planning, wealth accumulation, asset protection, and debt management.  Michael is a co-author of the book Financial Planning for Physicians: Strategies for Saving Money and Securing your Financial Future – From Student Loan Repayment Through Retirement; and a contributing author of the book For Ohio Doctors: Shedding Light on Asset Protection, Tax & Estate Planning. He has been recognized by Medical Economics as one of the nations’ 150 best financial advisors for physicians. Michael graduated from the University of Kentucky with a Bachelor of Science in Business Administration degree and has earned the designation of Certified Financial Planner™.

***Registration for this webinar is FREE.***

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This webinar is listed in Central Time.

Following registration, you will receive an email from readytalk.com with your registration login details.

5/9/2017 7:00 PM - 8:00 PM
United States

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