Issue link: http://viewer.e-digitaledition.com/i/771153
NE W PHYSICIANS FACING GODZILL A£GR ADE STUDENT LOAN REPAYMENT SHOULD ABANDON THE ILLUSION THAT THERE IS SOME UNIVERSALLY AGREED£UPON BAL ANCE BE T WEEN SHRINKING ONE'S EDUCATION DEBT AND MEE TING OTHER FINANCIAL RESPONSIBILITIES. T H E R E A L I T Y , A C C O R D I N G t o India napolis-based wea lth advisers Geo-rey M. Tomes and Bruce Wayne Gaylord of Noyes Group LLC, is that a happy equilibrium doesn't look the same for all physicians. The "perfect " solution of repaying debt whi le simulta neously plung ing substa ntia l dolla rs into investments may not work for everyone, they write in Physician's Money Digest. Physicians needn't apolog ize for br ing ing bot h h a rd m at h a nd i nd iv idu a l com for t le v e l s t o t hei r a ppr o a c h t o e a rly- career finance. "As with much in life, compromise may be the most appropriate solution," Tomes and Gaylord write. "There isn't a 'right' or 'wrong' approach. There are emotional as well as financial considerations." They note that physicians who have considered the benefits of judicious use of debt but who are ill at ease owing money may well be making the right decision by choosing to pay down debt before focusing on investing. While that does raise questions about when those provid- ers may be able to begin saving for, say, retirement or their children's education, it does not necessarily mean they haven't thought things through. They may simply know themselves. Median indebtedness among 2015 medical school graduates was $183,000, according to the Association of American Medical Colleges. ■ Physician, Know Thyself, Financial Advisers Urge BY STEVE BARRETT CDIVascularCare.com Call us at 952.738.4477 to schedule your patient for a limb salvage evaluation. My goal is to help patients save their limbs. —Michael Cumming, M.D., M.B.A., F.R.C.P.C. Director of Vascular Services " " Advanced below-the-knee and pedal loop endovascular revascularization can restore blood flow, promote healing and prevent limb loss in patients with Critical Limb Ischemia. Before resigning to amputation, think "endovascular first" and ask for an endovascular limb salvage evaluation. 1 8 1 8F I N A N C E