By: Andrew Tucker, JD, CFP^®, MTWM

In our preceding student loans article, "The Secret To Managing Student Loan Debt – Focus On The Cash Flow!",  we discussed some benchmarks young doctors can use to manage student loan debt while balancing other life goals. By starting the journey into practice ownership with manageable cash requirements, a young doctor can focus on building a great practice without the threat of missing monthly loan payments. After the first few years, maintaining a reasonable standard of living and funding all the tax advantaged vehicles that we recommend (HSA, non-deductible IRA, and retirement plans) may no longer be the insurmountable challenge it once was. In those circumstances, what should doctors do with the additional cash flow?

This question is particularly important for doctors in two specific scenarios. The first are...