Financial Wellness Strategies for Physicians

Accredited for 3.5 AMA PRA Category 1 Credits™

Friday, Sept. 11, 2020

9 a.m. – 12:30 p.m. EDT

Fee:
Thanks to the generous sponsorship of the ISMA Insurance Agency, this workshop is now being offered at no charge.

Registration required

ISMA’s annual CME workshop this year is designed to help physicians address the unique challenges they face as they navigate medical school, professional practice and personal finances. The three-part program is led by a trio of Indiana experts, who will cover essential financial topics for physicians, strategies for short-term and long-range financial planning, and strategies for negotiating employment contracts in today’s health care environment.

• Peter Dunn (Pete the Planner®), will address how to solve financial challenges physicians typically face, including thought patterns and habits that sabotage true financial stability, predatory people and products, common mistakes with student loans and housing, lifestyle creep and more. He’ll do a SWOT analysis of a person's own financial standing and explain their Power Percentage®, a figure that can be used to determine whether they are financially healthy.

• Tom Mayer, AIF®, a founding partner of Shepherd Financial Group, will focus on short-term and long-term financial planning and management for physicians, including creative ways to defer taxes and save enough to maintain their standard of living in retirement. He’ll also discuss how to reevaluate a financial plan when circumstances change, such as during the COVID-19 pandemic.

• Stacy L. Cook, JD, an attorney and partner with Barnes & Thornburg, LLP, will present strategies to successfully negotiate employment contracts, including ways physicians can influence contract provisions that are important to their individual needs.

Session 1:  Navigating the Financial Realities of Being a Physician   
9 a.m. – 10:15 a.m.

Peter Dunn (Pete the Planner®)
CEO
Your Money Line Financial Wellness 

Peter Dunn, also known as Pete the Planner®, is an award-winning financial expert and CEO of Your Money Line Financial Wellness, a helpline staffed by financial experts. Dunn is also a USA TODAY columnist and the author of 10 books. He hosts a popular radio show and podcast and appears regularly on TV and nationally syndicated radio programs. Dunn is considered a top expert on financial wellness.

Objectives:

At the end of Session 1, attendees will be able to:

• Evaluate what is good and bad about their finances, including a personal SWOT analysis of participants’ financial standing.
• Understand their income and how efficiently they use it using Power Percentage®.
• Develop a plan to build short- and long-term stability based on personal behavior.
  
  

Session 2: Keys to Investing for the Future 
10:15 a.m. – 11:15 a.m.

Tom Mayer, AIF®
Partner
Shepherd Financial

Tom Mayer, AIF®, is a founding partner of Shepherd Financial. He has advised retirement plans for 16 years and was named to the National Association of Plan Advisors’ Top 50 Advisors Under 40 twice. His passion is helping plan participants transform financial behavior through thoughtful solutions in plan design and employee education. Prior to forming Shepherd Financial, Mayer spent 11 years with Capital Analysts of the Midwest. In 2007, he earned the designation of Accredited Investment Fiduciary® from the Center for Fiduciary Studies™ in association with the Joseph M. Katz Graduate School of Business, University of Pittsburgh.

Objectives:

At the end of Session 2, attendees will be able to:

• Identify the steps to build long-term stability.
• Understand how to invest for retirement.
• Understand their risk tolerance.
  
  

Session 3: Strategies for Contract Negotiation    
11:15 a.m. – 12:15 p.m.

Stacy L. Cook, JD
Partner
Barnes & Thornburg LLP

Stacy L. Cook, JD, is a partner in the Health Care Department and a member of the Data Security and Privacy Practice Group at Barnes & Thornburg LLP. Cook, a former ISMA general counsel, advises clients in virtually all aspects of HIPAA compliance, including drafting policies and procedures, drafting and negotiating business associate agreements, handling breaches and defending clients in Office for Civil Rights investigations. She represents health care providers before state and federal regulatory agencies and assists clients in responding to privacy and security breaches, government investigations and audits, repayment inquiries and internal audits.

Objectives:

At the end of Session 3, attendees will be able to:

• Recognize general guidelines for successful contract negotiations.
• Identify the two factors that commonly determine the likelihood of success in negotiation.
• Identify ways to prepare for a first-ever employment contract.
  
  

Closing remarks
12:15 p.m. – 12:30 p.m.

CME information

Designation statement: The Indiana State Medical Association (ISMA) designates this live webinar for a maximum of 3.5 AMA PRA Category 1 Credits^TM. Physicians should claim only the credit commensurate with the extent of their participation in the activity.

Accreditation statement: The Indiana State Medical Association (ISMA) is accredited by the Accreditation Council for Continuing Medical Education (ACCME) to provide continuing medical education for physicians.

Disclosure: In accordance with the ACCME Standards for Commercial Support, educational programs sponsored by the ISMA must demonstrate balance, independence, objectivity and scientific rigor. Prior to the activity, all faculty, authors, editors and planning committee members participating in an ISMA-sponsored activity are required to disclose to attendees any relevant financial interest or other relationship with the manufacturer(s) of any commercial product(s) and/or provider(s) of commercial services that are discussed in an educational activity. None of the members of the CME Planning Committee or our speaker have any relevant financial relationships to disclose.

Note: While offering the CME credit hours listed in these pages, these activities are not intended to provide extensive training in a field.

If you have questions, contact ISMA Continuing Medical Education staff at 800-257-4762 or seminars@ismanet.org.

REGISTRATION DEADLINE: September 10, 2020

PLEASE NOTE: Once registered, you will receive an immediate “Registration Confirmation” email containing dial-in and web access information.