Stepping into medicine changes a lot including your relationship with money. In this episode of Common Curiosities, we rewind to the very beginning of the financial journey for resident physicians and future doctors. From student loan overwhelm to first paychecks, we explore the big questions that show up when debt, income, and long term planning all collide at once.

Topics include:

💭 The two big student loan paths: aggressive payoff vs forgiveness strategies

💭 What Public Service Loan Forgiveness actually requires

💭 Income based repayment and what “qualifying payments” really mean

💭 Nonprofit work rules and why your future employer matters

💭 Federal vs private loans and how refinancing may change your options

💭 The often overlooked tax side of loan forgiveness

💭 Why the right strategy depends on your career path, income trajectory, and family life

If you are in residency, medical school, or planning your future in medicine, this episode is about helping you think more clearly about your options and the tradeoffs behind each choice.

More episodes in this medicine focused series are coming next as we continue unpacking the pros, cons, and long term planning realities.

Stay curious.

𝐖𝐡𝐲 𝐰𝐞'𝐫𝐞 𝐡𝐞𝐫𝐞?

We’re here to make retirement planning feel less intimidating by helping people think through their strategies and plans through clear relatable financial topics!

💬 Questions or Want to Connect?

🌐 𝐖𝐞𝐛𝐬𝐢𝐭𝐞: www.custerfinancialadvisors.com

📧 𝐄𝐦𝐚𝐢𝐥: custerfinancialadvisors@lpl.com

Chapters:

00:00 New Physicians Common Questions

01:32 Medical School Loan Payoff Options

02:12 Forgiveness vs Payoff for Med School Loans

04:30 How to Qualify for Student Loan Forgiveness

05:59 Be Careful Refinancing

07:06 How to Qualify

07:43 Tax Implications of Loan Forgiveness

10:20 Deciding the Right Loan Repayment for You

12:15 Youtube Disc. TN & Words.mp4

Disclosures:

Harborfront Financial Group is a Registered Investment Advisor registered with the Securities and Exchange Commission (SEC). Registration as an investment adviser does not imply a certain level of skill or training, and the content of this communication has not been approved or verified by the United States Securities and Exchange Commission or by any state securities authority.

The information contained in this material is intended to provide general information about Harborfront Financial Group and its services. It is not intended to offer investment advice. Investment advice will only be given after a client engages our services by executing the appropriate investment services agreement. Information regarding investment products and services are provided solely to read about our investment philosophy and our strategies. You should not rely on any information provided on our web site in making investment decisions.

Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Harborfront Financial Group, a Registered Investment Advisor. Harborfront Financial Group and Custer Financial Advisors are separate entities from LPL Financial.

This is a hypothetical example and is not representative of any specific situation. Your results will vary. The hypothetical rates of return used do not reflect the deduction of fees and charges inherent to investing. All investing involves risk including loss of principal. No strategy assures success or protects against loss.