What Physicians Wish They Could Change About Their Early Financial Planning Efforts: 4 Statistics

In hindsight, nearly one-third of physicians between the ages of 60 and 69 years would have spent more time learning about financial planning earlier in their careers, according to 2014 Work/Life Profiles of Today’s U.S. Physician released by AMA Insurance.

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When asked what they would have done differently in terms of financial planning if they knew early in their careers what they know now, respondents reported the following:

•    Seek a financial advisor — 11 percent
•    Use different investments — 18 percent
•    Spend more time learning about financial planning — 27 percent
•    Nothing — 31 percent

The survey includes responses from 4,950 U.S. physicians. The survey was conducted in October 2013.

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