Personal Wealth Planning at all Career Stages
Personal Wealth Planning at all Career Stages By Cather McKay MD, FAAD Financial planning can be a daunting task for busy physicians. With the help of Riley Adams, licensed CPA, creator of the successful personal finance website Young and the Invested (and soon to be WealthUp !), and not to mention husband of board-certified dermatologist Dr. Lily Adelzadeh, this month’s editorial breaks down simple steps to take at each career stage. Q: What advice do you have for residents interested in establishing a solid financial foundation? Riley Adams (RA): As a medical resident, you’ve earned yourself a ticket to an enviable position in life: You get to work at the intersection of something you find extremely rewarding (helping people) and being paid well for it. And why shouldn’t you? You’ve worked long and hard to get where you are, this is the least you should expect from choosing such a career path. Establishing sound money management skills when the money