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.
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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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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