What is IBR?Don't confuse the Income-Based Repayment plan (IBR) with Income-Driven Repayment plans (IDR). Income-Driven Repayments (IDR) refers to ALL student loan repayment plans that are based on your income and family size. IDR plans include Pay As You Earn (PAYE), Revised Pay As You
About Chris Hansen, CFP®
Everything You Need to Know About Student Loan Interest Rates
When you borrow money from the Federal Government to pay for your education, you must pay back all of the borrowed money plus interest as a cost of borrowing that money. Interest charges can cause you to pay back substantially more money on your student loans than you borrowed in the first place. It
Seven Must-Have Benefits for Physician Disability Insurance
If you are a physician looking for a high-quality disability policy to supplement your employer policy or your total coverage, this article is for you. If you are a resident, take a look at our How to Buy Disability While in Residency article. Own-Occupation or Own-SpecialtyA true
Independent Contractor Physician First Steps
Welcome to the world of self-employment. As an independent contractor physician, you are in the enviable position of being in high demand. Being self-employed creates a series of challenges that your peers who aren't independent contractors might not experience. One of these challenges is finding
How Far Can Your Investments Drop?
Many investors are completely unaware of the amount of inherent risk in their investment portfolios. My job is to make sure you aren't caught unprepared for the next gut-wrenching market correction. Now is the time to ask the question "How far can your investments drop in the next market
Ten Beliefs That Make You A Better Investor
The following are ten core beliefs that we are convinced are crucial to you becoming a better investor. These beliefs make up our investment philosophy and drive our investment methodology.Investing in Capital Markets is Crucial To Your SuccessWe believe that owning good companies is the
How to Buy Disability Insurance While in Residency
As a resident you face a dilemma. You are probably aware you need disability insurance but the cost can be prohibitive. A “good” resident policy with a $5,000 a month benefit can cost between $1,500 and $3,000. With an average PGY1 salary in 2016 of $52,200, that cost represents 3% to 6% of your
Switching from RePAYE to another Repayment Plan, Part 2
The only time switching from RePAYE to PAYE while still in residency will help is if your loan balance is low compared to your increasing income.I discussed why switching after residency does not work in my blog post here. I thought it would be helpful to go through some specific scenarios on