Hope everyone had a great Memorial Day weekend! Welcome back to another edition of "Future Proof Shares" - a weekly series with the goal of selecting 5 interesting pieces of media on money and medicine from around the Interwebs. They may be old or new but will always be new to me. This series is inspired by "The Sunday Best" by my fellow physician money blogger Physician on FIRE (PoF). Enjoy!
- I recently wrote about What You Should Know About Trump's Proposed Student Loan Reform. But I'm sure you'd like to hear from the Department of Education directly. The Washington Post reports - On track for Public Service Loan Forgiveness? Good news, you’re not in danger from Trump’s budget.
- The cost of a medical education in America has steadily increased over time. With the average cost of attending medical school standing at $34,592/year and $55,534/year for public/private institutions, finances become a very real impediment to students considering medicine as a career. Luckily, there are still schools who won't take an arm and a leg for your MD degree. Student Loan Hero presents 20 Best Medical Schools for Avoiding Six-Figure Student Loan Debt.
- I've been reading more recently about the "Mega" Backdoor Roth IRA and came across Chad Chubb's most recent guest post on the White Coat Investor which is a great introduction - The “Secret” Ultimate Roth Contribution. [Full disclosure: Chad is a paid sponsor of FPMD.]
- As someone who's nearing the end of residency, I'm actively reading more about looking and negotiating for my very first "real" job. Sure I still have to do a year of IR fellowship, but I figure I'd start early anyways. If you're in a similar situation, make sure to check out Hidden Dangers in Your Employment Contract by Batya Swift Yasgur, MA, LSW via Medscape.
- There are many considerations in deciding whether or not you should favor a Traditional or Roth type retirement account, including one that's nearly impossible - predicting the future. Here is a new perspective from Physician on Fire (POF) - Case Report: Roth or Traditional Contributions for a Low Six-Figure Household.
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