Doctor, you ’re now a parent. It’s time to get your financial plan in order.

Congratulations! After months of planning, you are now a proud parent. Starting today the rest of your life will change. No longer will you worry about getting reservations at the “in” restaurant. … or any restaurant. Nope. You won’t have time. Nor will you have energy. Both will get zapped, and that is okay. Instead, you will be figuring out breastfeeding, bottle feeding, sleep schedules, diaper changes, educational and interesting toys for a baby that just stares. And all of this is okay. In fact, it is better than okay, it is great! You are now on the next stage of your journey. As this journey begins, you may feel overwhelmed. Not just physically and emotionally, but also financially. Questions such as “Do I need to set up a 529 college plan now?” or “What about life insurance?” pop in and out of your head. No one wants to think about this stuff when you bring a child home, but you have to.  While the 529 may not be urgent, having life and disability insurance is if you are not financially independent. Continue reading ... Your patients are rating you online: How to respond. Manage your online reputation: A social media guide. Find out how.
Source: Kevin, M.D. - Medical Weblog - Category: General Medicine Authors: Tags: Finance Practice Management Source Type: blogs