Blog

Residency ready: five things to keep in mind

A healthcare worker in blue scrubs and a face mask adjusts her surgical cap with red polka dots in a hospital room.
SHARE

As you get ready to begin your residency, you’ve got a lot to prepare. Don’t worry; we’ve got a list of things to keep in mind as you prepare to start this new phase in your medical training:

  1. Fund retirement accounts. This one’s simple. If your employer offers any employer-match retirement accounts, participate. Contribute the maximum if you can. https://resident360.nejm.org/expert-consult/five-steps-to-improve-your-financial-health-in-residency
  2. Protect yourself with the right insurance. Consider purchasing life insurance. The insurance company will pay your beneficiaries the face value of the insurance policy. However, consider working with an objective third party to help vet a policy before you buy it. https://resident360.nejm.org/expert-consult/five-steps-to-improve-your-financial-health-in-residency
  3. Establish a mentorship. Residency can be a solitary experience. But every physician in practice today has been where you are. You gain knowledge and well-rounded experience from your mentor, like learning to balance your workload with personal time. And when it’s your time, be a mentor to the junior residents. https://www.clinicalprograms.com/blogs/the-5-things-no-one-tells-you-about-residency
  4. Remember you’re not alone. As a new resident, you might want to try to do everything on your own or take on more than you can handle. But remember that you’re not on your own. There will always be someone who’s willing to help you. Lean on your community. https://www.clinicalprograms.com/blogs/the-5-things-no-one-tells-you-about-residency
  5. Practice self-care. It’s a stressful time, but you’ll be at your best when you’re physically, mentally and emotionally healthy. Be sure to exercise, unplug and wind down in a way that will help you reset. Spend time with your family and friends. Take breaks (when you can) and do things that make you feel excited and happy. https://www.clinicalprograms.com/blogs/the-5-things-no-one-tells-you-about-residency
Recent Blogs
3 blue chevrons

Match Day 2026 is Coming If you’re reading this, there’s a good chance Match Day 2026 has been living rent‑free in your brain for a while now. The waiting, the

3 blue chevrons
The doctors who retire comfortably aren’t the ones who make the most money—they’re the ones who invest consistently from day one.
3 blue chevrons
Your income is about to jump, but your opportunity to eliminate high-interest debt while you’re still in ‘resident mode’ won’t last.
3 blue chevrons
If you don’t use your CME and FSA funds by year-end, you’re effectively giving part of your compensation back to your employer.
3 blue chevrons
The financial decisions you make in your first six months as an attending can shape the next decade of your life.
3 blue chevrons
Dr. Aaron Anyder reviews how your emergency fund isn’t about preparing for disasters; it’s about buying the freedom to make good decisions without panic.
Please select listing to show.

Explore a suite of

Financial Products

uniquely designed for Doctors.

Explore a suite of financial products uniquely designed for doctors.