This 60 minute workshop created by RCCbc identifies the key financial activities that should take place during the four critical stages of a rural physician’s career:
- Medical Learner – setting a budget, managing educational debt, initial forays into investing
- New to practice rural physician – paying off educational debt, setting up an office practice, insurance, starting a family, investments, drafting a will
- Mid-career physician – paying off your office practice debts, managing your investments, financing education for children, setting up an estate
- Close to retirement physician – winding down your practice (what are your legal obligations to your untransferred patients?), sale of any practice-related assets, transitioning your investments to pay yourself an income, locuming and the tax implications of working after retirement
The workshop involves a brief 15-20 minute presentation, followed by an interactive question and answer session with Dr. Stuart Johnston and a financial planning subject matter expert. A handout with a list of key activities for each stage of a physician’s rural career will be given to all participants, and can be used to start a conversation with the participant’s chosen advisor(s).
To inquire about booking a workshop for your community, contact Sharon Mah, Communications Manager via email or by calling toll-free at 1 877 908-8222.
