Understanding the MATRIX


Understanding the MATRIX

Getting to Zero Student Loans & Beyond
Workshop Overview

It's no secret that most new physicians have concerns about their education debt. And who could blame them when the average new physician owes $200,000, and some owe much more than that.

The first aim of this workshop is to stress the importance of an informed debt-payment strategy. Participants will get an overview of the complexities of public and private education loans, loan forgiveness, and income-driven repayment programs.

The larger goal of the workshop is to put student debt into context. Attendees get a clear, unbiased picture of how their loan decisions might compare to consumer debt, savings and investment decisions. This is where MATRIX comes in. MATRIX stands for maximizing after-tax, risk-adjusted returns (where the "x factor" is the return), or a data-driven approach to sequencing financial decisions. Whether it's paying down debt or adding to savings, students will learn that they should run the numbers before allocating their precious financial resources.

Bonus points: Attendees will discover additional benefits of a staged-in lifestyle (aka even more deferred gratification).

This workshop runs about 45 minutes, with an unlimited Q&A session to follow.

We host our workshops in teaching hospitals and in our Radnor, PA office throughout the autumn and spring.


Who will benefit from the Understanding the MATRIX Workshop?

You will benefit from this workshop if you:

  • are nearing the end of your residency or if you are a fellow
  • want to know more about debt-repayment strategies
  • are interested in learning how to optimally sequence financial decisions
  • are curious about how lifestyle spending will affect your financial outcomes

Why is the workshop geared toward PGY4s and above?

Their proximity to their career launch makes this workshop more valuable to PGY4s and above. Any medical student will benefit from the concepts and exercises presented, but they will resonate best with senior medical students who are motivated to get a fast start with their finances in their near future.

What options do I have for scheduling a workshop?

Many of our workshops are scheduled through program directors at local teaching hospitals, but we also welcome smaller groups at our Radnor office. If you have an idea for a different setting, please contact Catherine Kiser (catherine@tgsfin.com).

Who will present the workshop?

The Understanding the MATRIX Workshop is presented by Jim Hemphill, CFP®, CPWA®, ChFC®, CIMA®.

What if I'm unable to attend a workshop?

If you are unable attend our workshop at a hospital or at our office, please take advantage of a free consultation with TGS Financial Advisors. Simply note your interest in the workshop in the message field of the “Contact Us” form—we’re happy to discuss workshop content one-on-one.

Why are you offering a free workshop?

Because emerging and new physicians often have a negative net worth due to their education debt, they are not considered ideal customers by many financial planning firms. As a result, even though they face more important financial decisions in a condensed period of time than other professionals do, they tend to be underserved.

We offer our workshops free of charge because we feel strongly that our specific financial messages can make a significant difference in the quality of life for physicians and their families.

Do we also hope that you like our message well enough that you will become a client? Of course. But there are absolutely no strings attached.