doctors life podcast

The Doctor’s Life Podcast Episode 032- Best Locations to Practice

So where are the best locations to practice? Well, it comes down to a handful of factors, but all signs point to the same top few places.

Justin Nabity is back on The Doctor’s Life Podcast with a list of the best locations to practice and the factors you should consider if you’re looking for a new location. All episodes of The Doctor’s Life Podcast are available here, iTunes, Android, and on SoundCloud. Make sure to subscribe and you will be the first to get new episodes of The Doctor’s Life Podcast. Continue reading…


Financially Prepared Physicians

Retirement In Sight for June 2016

R E T I R E M E N T  I N  S I G H T
Presented by Nick Schneider

 

MONTHLY NEWS AND INFORMATION FOR CURRENT AND FUTURE RETIREES
 

JUNE 2016

   

One act of real usefulness is worth all the abstract sentiment in the world.

– Anne Radcliffe

    

GOLF TIP
Get the broom out

If you start topping the ball either because you are a beginner or because you have a negative “muscle memory” associated with taking deep divots, this exercise can help. Every day, take 10 golf swings with a kitchen broom. Focus on brushing the bristles against the floor and reaching and extending your left arm on the follow-through.

 

BRAIN TEASER
The Apple Wrapper Riddle.
A shop sells apples for $1 each. Each apple comes wrapped in a special wrapper. You can trade 3 wrappers for 1 apple. If you have $15, what is the maximum number of apples you can buy?*

 

DID YOU KNOW?
In the 1800s, aluminum was actually worth more than gold

Back then, it was a precious metal: coveted for its light weight, yet very difficult to produce. In 1852, usable aluminum was worth the equivalent of $1,200 a kilogram in today’s terms. By 1900, new and easy ways of creating aluminum had emerged and a kilogram of it cost less than a dollar.5

   

RETIRING WITH A COMFORTABLE LEVEL OF INCOMEIn retirement, your level of income directly affects your quality of life. How can you effectively give yourself more spending power?

From a portfolio standpoint, you can focus on income-producing investments. When you start planning for retirement, you invest with an emphasis on growth. As you transition to retirement, growth remains important – but you also need to seek investments that can potentially create ongoing income streams. In addition, you can plan to make your portfolio more tax-efficient. Too many investors pay too little attention to this factor and leave money on the table.

New retirees sometimes spend more per month than they anticipate. Retiring with an income plan outlining how much money you really need and where it will come from may help you avoid this shock. Longevity and inflation will certainly come into play. The Social Security Administration says that today’s average 65-year-old can expect to live until his or her mid-eighties; about a quarter of 65-year-olds will live past age 90. So across a 20-year retirement, your income must grow significantly to maintain your standard of living, even if inflation proves mild.1,2

HOW MUCH DO WE REALLY KNOW ABOUT ELDERCARE?

As a society, perhaps not as much as we should. In a new Associated Press/NORC poll of Americans 40 and older, 38% of those surveyed said they expected to depend on Medicare “quite a bit” or “completely” for long-term care. In truth, most long-term care is non-medical and Medicare will not pay for it. Just 20% of respondents had any form of long-term care coverage.

While 77% of survey respondents said they would want to be cared for at home if eldercare was necessary, only 18% thought they would turn to family members or friends for no-cost eldercare. The reality is different. By the estimate of the Department of Health & Human Services, unpaid caregivers deliver roughly 80% of in-home eldercare. More states may be ready to give these caregivers a financial break. Right now, California, New Jersey, and Rhode Island are the only states mandating employers to offer them paid leave – but New York will join the list in 2018, and 19 other states are considering such legislation.3

ON THE BRIGHT SIDE
You may spend less during retirement than you think you will. According to an analysis in the Journal of Financial Planning, households headed by 65-year-olds that spend $100,000 a year typically reduce their expenditures 20% by age 80.4

 


Nick Schneider may be reached at Nick@PhysicianAdvisorsLLC.com

Securities offered through Lion Street Financial, LLC. (LSF), Member FINRA & SIPC. Investment Advisory Services offered through Physician Investment Advisors, LLC. Physician Advisors and Physician Investment Advisors are not affiliated with LSF.

This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty.

* TRIVIA ANSWER: Stumped? Contact me for the answer! Nick@PhysicianAdvisorsLLC.com

CITATIONS.
1 – forbes.com/sites/joeljohnson/2016/05/02/four-strategies-to-maximize-your-retirement-income/ [5/2/16]

2 – ssa.gov/planners/lifeexpectancy.html [6/9/16]

3 – nextavenue.org/expectations-long-term-care-match-reality/ [6/3/16]

4 – cnbc.com/2016/05/26/retirement-spending-good-news-at-last.html [5/31/16]

5 – todayifoundout.com/index.php/2014/05/aluminium-cost-gold/ [5/13/14]


doctors life podcast

The Doctor’s Life Podcast Episode 031- How to Perform a Job Search

Your time is limited. When you get to that point in your career when you feel like you need to perform a job search, where do you start? You are already working 60+ hours a week, so to perform a job search, you need it to be efficient.

Nick Schneider is back on The Doctor’s Life Podcast with a checklist of what to look for to land that perfect job. All episodes of The Doctor’s Life Podcast are available here, iTunes, Android, and on SoundCloud. Make sure to subscribe and you will be the first to get new episodes of The Doctor’s Life Podcast.


Operating Physician

Advancing Toward Your Career Goals

Should you change jobs in pursuit of them? Or position yourself in a new way at work?

 Provided by Nick Schneider

Is your career unfolding as it should? If not, maybe it is time for a change; either a change of jobs, or a change in your role at your workplace.

Pay attention to the signals of a stalled career. If the status quo at your office bothers you, or if you feel apathetic or nonchalant about your work, you have company. A recent Aon Hewitt poll found that only 63% of employees felt sufficiently engaged on the job. According to a Gallup poll, even fewer Americans truly like what they do for a living: just 32% of employees are “involved in, enthusiastic about and committed to their work and workplace.”1

 If you find yourself dreaming of an escape and doing just enough to avoid getting fired, you have three basic avenues. One, go into business for yourself (a move that is impractical and terribly risky for most people). Two, change jobs. Three, see if you can make yourself more valuable and more engaged where you are. Continue reading…


Weekly Economic Report for the Week of June 13th

Dave Swan Presents:

 

WEEKLY ECONOMIC UPDATE
 

 

WEEKLY QUOTE

 

“Early to bed and early to rise makes a man healthy, wealthy, and wise.”

     

– Ben Franklin

      

   

WEEKLY TIP

 

Millennials should not fall for the myth that you need to carry a lot of consumer debt to build a good credit score. A positive payment history can be established while carrying relatively little debt.

  

   

WEEKLY RIDDLE

 

At the sound of it, you may dream, dance, laugh, weep, or even stamp your feet. What is it?

 

 

Last week’s riddle:

Three feet have I, yet not a single leg. What am I?

   

Last week’s answer:

A yardstick.

 

 

 

 

June 13, 2016

   

A LITTLE LESS OPTIMISM IN EARLY JUNE

On Friday, the University of Michigan’s initial June survey of consumer sentiment showed a slight retreat, with the index coming in at 94.3 versus its final May mark of 94.7. The survey’s chief economist, Richard Curtin, noted “consumers rated their current financial situation at the best levels since the 2007 cyclical peak largely due to wage gains” and also had “record low inflation expectations.” On the downside, consumers felt the economy was stronger a year ago.1

 

YELLEN OFFERS NO HINT OF SPRING RATE HIKE

Speaking in Philadelphia last week, Federal Reserve chair Janet Yellen said she felt “the current stance of monetary policy is generally appropriate,” adding “at the same time, I continue to think that the federal funds rate will probably need to rise gradually over time to ensure price stability and maximum sustainable employment in the longer run.” Investors interpreted her comments as a sign that the possibility of a June interest rate increase was very remote.2

 

BORROWING BECOMES CHEAPER FOR HOMEOWNERS

The average interest rate on a conventional home loan fell to 3.60% in Freddie Mac’s June 9 Primary Mortgage Market Survey. A week earlier, the average interest rate for a 30-year FRM was at 3.66%; a year ago, it was at 4.04%.3

 

BREXIT FEARS REIN IN BULLS

Concerns about the United Kingdom leaving the European Union sent bond yields falling worldwide late last week and hampered stocks, ending a 4-week win streak for the S&P 500. The 5-day performances: DJIA, +0.33% to 17,865.34; S&P, -0.15% to 2,096.07; NASDAQ, -0.97% to 4,894.55. Oil settled at $49.07 on the NYMEX Friday; gold, at a 3-week high of $1,275.90 on the COMEX.4,5

 

THIS WEEK: Nothing major is scheduled on Monday. May retail sales figures arrive Tuesday, plus Q1 results from Bob Evans. Wednesday, the Fed concludes a policy meeting (with a press conference to follow); the May Producer Price Index is released; and Jabil Circuit and Progressive present earnings. Thursday, the May Consumer Price Index appears, along with a new initial claims report and earnings from Kroger, Oracle, Red Hat, and Rite Aid. The Census Bureau releases its report on May groundbreaking and building permits on Friday.

 

% CHANGE Y-T-D 1-YR CHG 5-YR AVG 10-YR AVG
DJIA +2.53 -0.75 +9.90 +6.40
NASDAQ -2.25 -3.59 +17.03 +12.92
S&P 500 +2.55 -0.43 +12.98 +6.74
REAL YIELD 6/10 RATE 1 YR AGO 5 YRS AGO 10 YRS AGO
10 YR TIPS 0.12% 0.63% 0.79% 2.45%

Sources: wsj.com, bigcharts.com, treasury.gov – 6/10/165,6,7,8

Indices are unmanaged, do not incur fees or expenses, and cannot be invested into directly. These returns do not include dividends. 10-year TIPS real yield = projected return at maturity given expected inflation.

 

 

Please feel free to forward this article to family, friends or colleagues.
If you would like us to add them to our distribution list, please reply with their address.
We will contact them first and request their permission to add them to our list.

 

Securities offered through Lion Street Financial, LLC. (LSF), Member FINRA & SIPC. Investment Advisory Services offered through Physician Investment Advisors, LLC. Physician Advisors and Physician Investment Advisors are not affiliated with LSF.

This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. Please note – investing involves risk, and past performance is no guarantee of future results. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All indices are unmanaged and are not illustrative of any particular investment. The Dow Jones Industrial Average is a price-weighted index of 30 actively traded blue-chip stocks. The NASDAQ Composite Index is an unmanaged, market-weighted index of all over-the-counter common stocks traded on the National Association of Securities Dealers Automated Quotation System. The Standard & Poor’s 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general. It is not possible to invest directly in an index. NYSE Group, Inc. (NYSE:NYX) operates two securities exchanges: the New York Stock Exchange (the “NYSE”) and NYSE Arca (formerly known as the Archipelago Exchange, or ArcaEx®, and the Pacific Exchange). NYSE Group is a leading provider of securities listing, trading and market data products and services. The New York Mercantile Exchange, Inc. (NYMEX) is the world’s largest physical commodity futures exchange and the preeminent trading forum for energy and precious metals, with trading conducted through two divisions – the NYMEX Division, home to the energy, platinum, and palladium markets, and the COMEX Division, on which all other metals trade. Additional risks are associated with international investing, such as currency fluctuations, political and economic instability and differences in accounting standards. This material represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results. Past performance is no guarantee of future results. Investments will fluctuate and when redeemed may be worth more or less than when originally invested. All economic and performance data is historical and not indicative of future results. Market indices discussed are unmanaged. Investors cannot invest in unmanaged indices. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional.

 

Citations.

1 – sca.isr.umich.edu/ [6/10/16]

2 – cnbc.com/2016/06/07/european-stocks-shell-yellen-oil-prices.html [6/7/16]

3 – forbes.com/sites/redfin/2016/06/09/mortgage-rates-down-for-first-time-in-four-weeks/ [6/9/16]

4 – marketwatch.com/story/us-stock-futures-slammed-by-jitters-over-fed-and-brexit-2016-06-10 [6/10/16]

5 – markets.wsj.com/us [6/10/16]

6 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=6%2F10%2F15&x=0&y=0 [6/10/16]

6 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=6%2F10%2F15&x=0&y=0 [6/10/16]

6 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=6%2F10%2F15&x=0&y=0 [6/10/16]

6 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=6%2F10%2F11&x=0&y=0 [6/10/16]

6 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=6%2F10%2F11&x=0&y=0 [6/10/16]

6 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=6%2F10%2F11&x=0&y=0 [6/10/16]

6 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=6%2F9%2F06&x=0&y=0 [6/10/16]

6 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=6%2F9%2F06&x=0&y=0 [6/10/16]

6 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=6%2F9%2F06&x=0&y=0 [6/10/16]

7 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [6/10/16]

8 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [6/10/16]

 

 

 

 


doctors life podcast

The Doctor’s Life Podcast Episode 030- Group Disability Insurance

You have probably been offered group disability insurance through an employer at some point in your career. There is a lot to think about with group disability insurance. Many of the factors are negative and do not benefit you at all.

With it being disability insurance season, Justin Nabity is back on The Doctor’s Life Podcast to run through the idea of group disability insurance. All episodes of The Doctor’s Life Podcast are available here, iTunes, Android, and on SoundCloud. Make sure to subscribe and you will be the first to get new episodes of The Doctor’s Life Podcast. Continue reading…


Registered Investment Adv

Should You Change Jobs or Stay the Course?

Does sticking with the same firm actually hurt your financial potential?

Provided by Nick Schneider

If you spend two years or less at a series of jobs, is that a problem? Shouldn’t your resume signal loyalty instead of transience?

Well, maybe it isn’t a problem. Maybe you are doing yourself a financial favor instead, especially in this decade. Maybe the conventional wisdom about “getting ahead” is flawed. The era of the organization man/woman is long gone, and how many people do you know who have spent a decade or longer working for one employer?

Remember 5% annual raises? Chances are, your most recent raise was on the order of 2-3%. While you are keeping up with consumer prices at that rate, you may not be making up for any financial steps you took backward as a result of the recession. Even the all-stars at your firm may be getting just a 5-6% yearly raise.

Quitting to find a better wage is on the rise. In 2015, 16% of U.S. workers indicated to CareerBuilder that they were ready for a change. This year, 21% want to make a move. CareerBuilder’s Rosemary Haefner believes one reason for that rising percentage is a lack of employer investment in employees. “Whether the lack of investment is in the form of a paycheck, learning opportunities or career advancement, it often comes down to whether the employee feels valued.”1

It’s also down to the improving economy. With unemployment in down to 5%, it’s clear that hiring is happening. While that may not mean that every industry is looking for new blood, some are definitely looking for an infusion of personnel. The talent-hungry tech sector has boosted its average salary 5.3% from 2015 levels in hopes of locating qualified applicants.1

Is now the time to make your move? Five percent unemployment is approaching “full employment,” a period where the economy is getting the most out of skilled and unskilled labor. Assuming things remain on their current course, we may not see many more months where as many as 200,000 jobs are created, even as people who have stopped looking for work are drawn back into the working world. That could make this an ideal time to look upward if you are hoping to find a better-paying or more challenging job.2,3

On the other hand, there are bad times to change jobs, and U.S. News & World Report noted some of those. If you’re overworked, having interpersonal issues at the office or just bored, you can overreact; restructuring your workday or work tasks may offer a solution. If a major life event, long vacation or house hunt is just ahead, a job change may not be ideal or smart. It may not be wise if you sense that the economy (or your industry) is in line for a downturn, or if you’ve been at your job for less than a year. Lastly, a job search that coincides with the holiday season may be more prolonged than you anticipate; HR officers and managers may be more available (and less stressed) when mid-January rolls around.4

If you love what you do and are good at it, you may see no reason to change jobs. Alternately, you might reason that you could excel and love your work even more in a new environment. Consider the above-mentioned factors (and others) if you are looking for greener grass.

Nick Schneider may be reached at Nick@PhysicianAdvisorsLLC.com.

PhysicianAdvisorsLLC.com

This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. Please note – investing involves risk, and past performance is no guarantee of future results. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All indices are unmanaged and are not illustrative of any particular investment.

Securities offered through Lion Street Financial, LLC. (LSF), Member FINRA & SIPC. Investment Advisory Services offered through Physician Investment Advisors, LLC. Physician Advisors and Physician Investment Advisors are not affiliated with LSF. Physician Investment Advisors, LLC’s outgoing and incoming e-mails are electronically archived and subject to review and/or disclosure to someone other than the recipient. We cannot accept requests for securities transactions or other similar instructions through e-mail. We cannot ensure the security of information e-mailed over the Internet, so you should be careful when transmitting confidential information such as account numbers and security holdings. If the reader of this message is not the intended recipient, or an employee or agent responsible for delivering this message to the intended recipient, you are hereby notified that any dissemination, distribution or copying of this communication is strictly prohibited. If you have received this communication in error, please notify us immediately by replying to this message and deleting it from your  computer. 

Citations.

1 – cnbc.com/2016/05/05/8-good-reasons-to-say-take-this-job-and-shove-it.html [5/6/16]

2 – investopedia.com/terms/f/fullemployment.asp [2016]

3 – businessinsider.com/jobs-report-preview-april-2016-2016-5 [5/6/16]

4 – money.usnews.com/money/careers/slideshows/the-10-worst-times-to-switch-jobs [9/18/13]


main-300x249

Best States to Practice Medicine…and Why

When it comes to deciding where you should go next for your practice, you have to ask yourself the question “where’s the best place to live?” Then you have to think about what should factor into your decision?

Things like income, taxes, cost of malpractice and cost of living probably come to mind. Wouldn’t it be nice if it was just as simple as picking the best location-based on those items alone and then pursing the job market? The problem is that it’s not that easy because there are other factors that play a major role. But we’ll table them for this discussion and focus on the components we can measure.

Let’s look at the top 5 rankings based on some of the data that was analyzed by Medscape’s Best and Worst Places to Practice in 2015

Guess which states are in the top 5? You might be surprised

#1 – Tennessee

The reason why is because it had the second lowest cost of living, income taxes were only 7.6%, malpractice costs were middle of the pack nationally and the average compensation was $279k. For lifestyle they have many theme parks and attractions like Gatlinburg and Pigeon Forge and the Great Smoky Mountains National Park.

#2 – Mississippi

Their average physician compensation is around $275k. They also have low-income taxes and the malpractice payouts were more favorable. A big plus for MS is their low-cost of living without the hefty price tag of that you’ll find among its more expensive peers.

#3 – Oklahoma

With a low-cost of living and an average income of $304k among doctors plus a 8.5% average state and local income tax rate, you can get a lot of financial mileage there.

#4 – Texas

This one has no state income tax and it has the benefit of the reduced malpractice payouts because of a 2003 constitutional amendment. There are many communities to choose from and lots of amenities for families. The sheer size of the state caters to almost any preference of geography, climate or city size.

#5 – Wyoming

It makes the cut because of no state income tax, higher compensation around $312 on average and much to see in the natural beauty of the landscape. For doctors who prefer a fee for service model since managed care is not available there, this is a great location for them.

So what is it that most important to you because there are many things to consider? If there is a change coming up in your future, you’ll have to figure out where everything falls and then begin your search. Once the search begins you don’t have to go at it alone. Feel free to reach out to one of our advisors who can help locate job prospects and get you introduced to specialized attorneys who can help you negotiate.


Weekly Economic Report for June 6th, 2016

Amber Nabity Stitt Presents:

 

WEEKLY ECONOMIC UPDATE

WEEKLY QUOTE

“All the world’s a stage and most of us are desperately unrehearsed.”

     

– Sean O’Casey

      

WEEKLY TIP

Self-employed? Note that you can deduct 100% of your health insurance premiums (for yourself and your family) as an adjustment to gross income.

 

WEEKLY RIDDLE

Three feet have I, yet not a single leg. What am I?

 

Last week’s riddle:

I descend softly, fade away gently, change the color of the ground, but I never go up the way I come down. What am I?

   

Last week’s answer:

Snow.

 

 

 

 

June 6, 2016

  

MAY SAW WEAKEST JOB GROWTH IN 5+ YEARS

Did any economist foresee payrolls expanding by just 38,000 jobs in May? The median forecast compiled by MarketWatch projected a gain of 155,000, not the worst number since September 2010. The Department of Labor reduced March and April payroll gains by 59,000 in its new report, meaning monthly job creation averaged 116,000 in the past three months. As labor force participation declined 0.6% in May, the headline jobless rate fell to 4.7%. Annualized wage growth was at 2.5%.1,2

 

CONSUMERS FLEX THEIR PURCHASING POWER

In better news, personal spending rose 1.0% in April according to the Department of Commerce. This was the biggest monthly spending gain since August 2009. Personal incomes were up 0.4% in April as well.2,3

 

ONE OF TWO ISM PMIS IMPROVE

Both of the purchasing manager indices maintained by the Institute for Supply Management were above the 50 level in May, indicating sector growth. The upside? The manufacturing PMI improved 0.5 points to 51.3. The downside? The service sector PMI slipped 2.8 points to 52.9.2

 

CONSUMER CONFIDENCE DIPS

Last month brought a decline in the Conference Board’s index of consumer confidence. Analysts surveyed by MarketWatch forecast a May reading of 96.7 for the index, yet it fell 2.1 points to 92.6 in its second straight monthly descent.2,3

 

NASDAQ ADVANCES, UNLIKE S&P & DOW

Immediately after the May jobs report, futures traders put the odds of a June interest rate hike under 10%. Even so, there was no rally at the end of a short trading week. While the Nasdaq rose 0.83% in four days, the S&P 500 was flat for the week (to be precise, it added 0.07 points) and the Dow lost 0.12%. The Friday settlements: DJIA, 17,807.06; S&P, 2,099.13; NASDAQ, 4,942.52.1,4

 

THIS WEEK: Federal Reserve chair Janet Yellen speaks on the economy and monetary policy Monday in Philadelphia; investors will also consider earnings from Casey’s General Stores and Thor Industries. Tuesday, Michaels and VeriFone report earnings. Wednesday, Lululemon Athletica presents Q1 results. Thursday offers quarterly results, plus the latest initial claims numbers, from H&R Block and J.M. Smucker. The University of Michigan’s preliminary June consumer sentiment index appears Friday.

 

% CHANGE Y-T-D 1-YR CHG 5-YR AVG 10-YR AVG
DJIA +2.19 -1.49 +9.31 +5.83
NASDAQ -1.30 -3.07 +16.17 +12.27
S&P 500 +2.70 -0.71 +12.29 +6.29
REAL YIELD 6/3 RATE 1 YR AGO 5 YRS AGO 10 YRS AGO
10 YR TIPS 0.19% 0.55% 0.75% 2.37%

 
Sources: wsj.com, bigcharts.com, treasury.gov – 6/3/165,6,7,8

Indices are unmanaged, do not incur fees or expenses, and cannot be invested into directly. These returns do not include dividends. 10-year TIPS real yield = projected return at maturity given expected inflation.

 

 

Please feel free to forward this article to family, friends or colleagues.
If you would like us to add them to our distribution list, please reply with their address.
We will contact them first and request their permission to add them to our list.

 

 
Securities offered through Lion Street Financial, LLC. (LSF), Member FINRA & SIPC. Investment Advisory Services offered through Physician Investment Advisors, LLC. Physician Advisors and Physician Investment Advisors are not affiliated with LSF.

This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. Please note – investing involves risk, and past performance is no guarantee of future results. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All indices are unmanaged and are not illustrative of any particular investment. The Dow Jones Industrial Average is a price-weighted index of 30 actively traded blue-chip stocks. The NASDAQ Composite Index is an unmanaged, market-weighted index of all over-the-counter common stocks traded on the National Association of Securities Dealers Automated Quotation System. The Standard & Poor’s 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general. It is not possible to invest directly in an index. NYSE Group, Inc. (NYSE:NYX) operates two securities exchanges: the New York Stock Exchange (the “NYSE”) and NYSE Arca (formerly known as the Archipelago Exchange, or ArcaEx®, and the Pacific Exchange). NYSE Group is a leading provider of securities listing, trading and market data products and services. The New York Mercantile Exchange, Inc. (NYMEX) is the world’s largest physical commodity futures exchange and the preeminent trading forum for energy and precious metals, with trading conducted through two divisions – the NYMEX Division, home to the energy, platinum, and palladium markets, and the COMEX Division, on which all other metals trade. Additional risks are associated with international investing, such as currency fluctuations, political and economic instability and differences in accounting standards. This material represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results. Past performance is no guarantee of future results. Investments will fluctuate and when redeemed may be worth more or less than when originally invested. All economic and performance data is historical and not indicative of future results. Market indices discussed are unmanaged. Investors cannot invest in unmanaged indices. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional.

 

Citations.

1 – forbes.com/sites/samanthasharf/2016/06/03/jobs-report-u-s-adds-just-38000-jobs-in-may-unemployment-rate-down-to-4-7/ [6/3/16]

2 – marketwatch.com/economy-politics/calendars/economic [6/3/16]

3 – usatoday.com/story/money/business/2016/05/31/economy-consumer-spending-personal-income/85182502/ [5/31/16]

4 – markets.on.nytimes.com/research/markets/usmarkets/usmarkets.asp [6/3/16]

5 – markets.wsj.com/us [6/3/16]

6 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=6%2F3%2F15&x=0&y=0 [6/3/16]

6 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=6%2F3%2F15&x=0&y=0 [6/3/16]

6 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=6%2F3%2F15&x=0&y=0 [6/3/16]

6 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=6%2F3%2F11&x=0&y=0 [6/3/16]

6 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=6%2F3%2F11&x=0&y=0 [6/3/16]

6 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=6%2F3%2F11&x=0&y=0 [6/3/16]

6 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=6%2F2%2F06&x=0&y=0 [6/3/16]

6 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=6%2F2%2F06&x=0&y=0 [6/3/16]

6 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=6%2F2%2F06&x=0&y=0 [6/3/16]

7 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [6/3/16]

8 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [6/3/16]

 

 

 

 


doctors life podcast

The Doctor’s Life Podcast Episode 029- Paying for Your Child’s Education

It may be a dream of yours to be able to start paying for your child’s education. As you know, and education is already expensive, so imagine when your child gets to that age to choose a major and you had it set in your mind that you wanted to pay for it all!

Nick Schneider is back for this episode of The Doctor’s Life Podcast to let us know how to start saving now so when it comes to paying for your child’s education, we are prepared and can pull it off. All episodes of The Doctor’s Life Podcast are available here, iTunes, Android, and on SoundCloud. Make sure to subscribe and you will be the first to get new episodes of The Doctor’s Life Podcast. Continue reading…