Resources
Curriculum Deployment
Looking for resources to help deploy this curriculum at your residency training program?
Contact us for free curriculum deployment materials including:
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Curriculum deployment tips
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Multiple choice knowledge assessments
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Curriculum evaluation tools
Education Debt
By the end of this session, residents with federal education loans will be able to:
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1. Describe a framework for deciding which loan repayment option to choose, namely:
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Public Service Loan Forgiveness
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Recognize factors that support pursuit of PSLF
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List pros and cons associated with pursuit of PSLF
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Federal Repayment Plans
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Recognize key differences between federal loan repayment plans​
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2. Describe a framework for deciding whether to refinance federal loans with a private company
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Describe rationale for consolidation
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Describe factors associated with lower total payment
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3. Apply knowledge to suggest a course of action regarding federal student loan repayment given a hypothetical scenario
Financial Advisors
By the end of this session, residents will be able to:
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Recognize and describe common types of general personal finance advisers
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CFP
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ChFC
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CPA / PFS
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Understand common payment structures/fee schedules utilized by financial advisers
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Fee only
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Fee-based
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Commissions
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Describe where to find a financial adviser
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Given a hypothetical scenario, apply knowledge to suggest a course of action regarding obtaining professional personal finance advice
Investing
By the end of this session, residents will be able to:
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Describe the basic concept of investing
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Describe a framework for determining whether excess income should be invested vs used to make student loan payments
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List and describe the basic accounts in which money can be invested including common associated fees (e.g., load, expense ratio) and withdrawal penalties
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401(k) / 403(b)
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Traditional IRA
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Roth IRA
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Taxable
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Describe how money used for investment accounts is taxed
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Taxation of contributions
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Taxation of withdrawals
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Describe and differentiate between basic investment products (asset classes)
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Stocks
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Bonds
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Mutual funds
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Index funds
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Target date funds
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Apply knowledge to suggest a course of action regarding investment planning given a hypothetical scenario
Disability Insurance
By the end of this session, residents will be able to:
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Recognize and discuss reasons for and against obtaining a disability insurance policy during residency training
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Recognize and discuss the differences between individual and group policies
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List and describe pertinent elements of a disability insurance policy for young physicians
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Own-occupation, specialty-specific
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Non-cancellable and guaranteed renewable
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Future purchase option
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Cost of living adjustment
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Describe how and where disability insurance policies can be bought
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Describe a framework for deciding whether to purchase disability insurance during residency training
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Apply knowledge to suggest a course of action regarding disability insurance given a hypothetical scenario
Life Insurance
By the end of this session, residents will be able to:
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Describe a framework for deciding whether to buy life insurance during residency
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Describe differences between life insurance products
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Term
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Level
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Increasing
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Decreasing
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Permanent
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Whole
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Universal
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Variable
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Describe the process of how to purchase life insurance products
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Apply knowledge to suggest a course of action regarding life insurance given a hypothetical scenario