The Alabama Chapter of the ACC presents a three-part financial planning series geared toward Women in Cardiology.
Separate Zoom links will be emailed for each session to those registered.
Tuesday, September 17th @ 6:30 p.m.
Session 1: Cash Flow and Risk Management (90 minutes)
How to create saving, spending, and debt repayment thresholds to align with your short and long term financial goals
How much is sufficient as an emergency reserve and how to keep it safe, liquid, and earning a competitive interest rate in today’s environment
How to set a budget for a home purchase and what to know about securing a mortgage
How to protect against the risks of death, disability, lawsuits, and cyber-crime (specialty-specific disability insurance, enough life insurance for your family goals, umbrella insurance for personal asset protection, and freezing your credit)
Tuesday, October 15th @ 6:30 p.m.
Session 2: Investments and Taxes (90 minutes)
Understanding the basics of designing an investment strategy – what is a stock, what is a bond, and how to align the risk in your investments with your long term financial goals
Thinking about tax optimization across various investment accounts
What is a backdoor Roth IRA and how and why to consider funding one
Basic components of tax return including opportunities cardiologists may be able to take advantage of
What to think about with “side-hustle” income (medical legal consulting, extra call pay, pharmaceutical advisory, etc) and how to maximize its tax benefits
Tuesday, November 19th @ 6:30 p.m.
Session 3: Negotiate for Your Value (90 minutes)
How to use benchmark data to determine your value to an academic institution or medical system
How to benchmark your current pay structure to benchmarks to determine whether your current income structure is competitive or needs negotiated upon next renewal
Negotiation strategy and techniques to build your plan for an upcoming negotiation
Points to look out for in an employment contract and what to be sure you know about your current contract
How private equity has entered the conversation in cardiology and questions to ask if your group is considering a private equity transaction
