ISMA 2022 Financial Planning Series (Session 2)
"Estate Planning and Saving for Short/Long Term"
Accredited for 1.0 AMA PRA Category 1 Credits™
Thursday, May 5, 2022
7:00 – 8:00 p.m. ET
Fee:
Members: Free
Nonmembers: $75
Registration required
Program description:
Financial security requires planning, and creating your financial plan begins with clarifying your ideal future. In this session, you will consider what financial independence looks like for you. You’ll learn how to map out the steps required for financial security and consider the steps you need to take to achieve it.
Simply having a financial plan doesn’t ensure success. Executing the plan is required, beginning with managing cash flow. The early years of medical training and practice are an ideal time to begin managing your cash flow, since the home you purchase and the car you drive can potentially undermine your long-term financial plan in no time.
You’ll also learn how to calculate your ideal savings for the short term and the long term. Short-term considerations include building cash reserves and making major purchases. Long-term considerations include investing for retirement and funding college. Cash serves many purposes for the young physician; when managed well, it provides security and flexibility to make solid financial decisions.
Good planning also involves anticipating potential risks and planning for them. The biggest financial risk young physicians face is losing their ability to earn income. Good planning involves considering the impact of various risks and having a plan for each.
Finally, we will look at estate planning. A comprehensive legal plan to protect your earnings, your business, your assets and your career will help you sleep better at night in the long run. When done right, estate planning for physicians works in tandem with a financial plan to pay down student loan debt over time.
Objectives:
At the end of this webinar, attendees will be able to:
- List specific action items that set the foundation for a successful career, both financially and personally.
- Identify the core elements of an estate plan and how to apply them to their specific situation.
- Create their own customized financial plan based on specific goals.
- Describe the relationship between saving, risk and the time horizon for retirement.
Speaker:
Jack Vogel
Institutional Relationships Manager
Doctors Without Quarters (DWOQ)
About our Speaker:
Jack Vogel joined the DWOQ team as an institutional relationships manager in 2022. He provides education and other student loan solutions to DWOQ’s school, hospital and association partners. Jack transferred from the Larson Financial Group, where he served as a financial advisor for physicians and regularly gave financial presentations to many physician groups. Jack found his interest to be working with residents and early career physicians, with a true passion for presenting. So, it was natural for Jack to transition to DWOQ.
Jack graduated from the University of Missouri with a finance degree and holds several investment licenses. He also holds the Certified Financial Planner™ (CFP®) designation, which is the hallmark planning credential awarded to those with extensive training in financial planning, investments and retirement planning. Jack’s experience also includes working as a portfolio trader, service manager and paraplanner.
CME information
Designation Statement: The Indiana State Medical Association (ISMA) designates this live webinar for a maximum of 1.0 AMA PRA Category 1 CreditsTM. 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 Policy: In accordance with The Standards for Integrity and Independence in Accredited Continuing Education, 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 financial relationships with an “ineligible company” whose primary business is producing, marketing, selling, re-selling, or distributing healthcare products used by or on patients.
Disclosure Statement: No members of the CME Planning Committee or our speaker have any relevant financial relationships with an ineligible company to disclose.
If you have questions, contact ISMA Continuing Medical Education staff at 800-257-4762 or seminars@ismanet.org.
Please note this session will be recorded and uploaded to our ISMA Online mobile app for on-demand viewing for those who miss it.
REGISTRATION DEADLINE: May 5, 2022, at 6:00 p.m. ET
REGISTRATION DETAILS
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- Click on the orange “Register” button at the bottom of the event landing page.
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- Your Shopping Cart will display. Please click on the orange “Submit Order” button.
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