A Tale of 4 Single Primary Care Physicians

By Dr. Leif Dahleen of Physician on Fire, WCI Network Partner

I recently took a deep dive into the finances of four imaginary but realistic physicians in A Tale of 4 Physicians 2021: The Impact of Lifestyle on Financial Independence. All are married and have total household salaries of $340,000. A reader chimed in: “What about us single primary care physicians?”

That’s a good question, reader. Your finances as an unmarried individual filing taxes as a single filer while earning significantly less than a specialist or a dual-income household will look a lot different.

Specifically, I was asked to look at a doctor earning less than $200,000 with student loans to tackle. According to a recent Medscape Compensation Survey, even the lowest-earning primary care physicians (pediatrics and preventive medicine are tied for the distinction) earn an average of $232,000.

We’ll look at not one but four single physicians with salaries well below the mean of $230,000-$250,000 for most…

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This article was written by Josh Katzowitz and originally published on www.whitecoatinvestor.com