1 minute read
SPECIAL SESSIONS FINANCES Booth No. 527 Booth No. 717 Booth No. 503 “ONE IN FOUR PHYSICIANS IN THEIR SIXTIES HAVE LESS THAN $1 MILLION IN NET worth, and about 12% have less than $500,000, which is pretty pitiful if you think about the amount of immediate salary for physicians, and as vascular surgeons, it can be a little bit higher,” emphasized Danielle C. Sutzko, MD, in her presentation, “It’s Never Too Soon: Early Planning for Your Financial Future.”
Sutzko attributed these figures to the extended duration of physician education, which often delays income. Factors such as student loans and societal expectations of a doctor’s lifestyle further contribute to the financial challenges faced by vascular surgeons. She emphasized the distinction between income and wealth, stressing the need for calculating net worth as a more accurate indicator of financial stability.
The presentation was part of the Women’s Section Educational Session, “Financial Literacy for the Vascular Surgeon.” Moderator, Audra Duncan, MD, began the session by expressing a commitment to providing gender-neutral content applicable throughout a vascular surgeon’s career.
“We’re trying to create topics that will be meaningful to both women and men, and we thought that this year, financial literacy would be a great topic to discuss,” said Duncan.
The session discussions left moderators and attendees wishing for more time to address the audience’s questions. Duncan emphasized the key takeaway of the session was understanding one’s fair market value and the significance of familiarizing oneself with relative value units (RVUs) and their definitions within the specific institution. Duncan also highlighted the importance of negotiating effectively, discerning negotiable aspects and recognizing the
Danielle C. Sutzko takes the VAM podium
Thank You SVS Industry Alliance Partners!