In this episode, Dr. Wing Lim welcomes Galen Nuttall, a Certified Financial Planner specializing in working with medical professionals, to the podcast to discuss the vital role of insurance in financial planning for physicians. Galen explains how insurance protects income, mitigates risks, and serves as a strategic tool for long-term financial security. He emphasizes the importance of understanding different types of insurance, such as life, disability, and critical illness, and how they fit into different career stages. He and Wing highlight the need for physicians to take a proactive approach to financial planning, ensuring they are properly protected while advancing their wealth and tax goals.
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