Physicians are among the highest-earning and best-educated professionals in the country, but their combination of education and income does not prevent them from making personal financial mistakes.

“Money is like a [foreign] language to them,” says W. Ben Utley, CFP, owner of Physician Family Financial Advisors in Eugene, Ore. “None of this is rocket science, but it’s the first time for a lot of [physicians]. They don’t know how a bank works or what a CD is.”
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