Your first year as a PA-C is filled with financial decisions that will shape your future. Use this checklist to stay on track.
🔹 Review Your Offer – Salary, signing bonuses, CME funds, and benefits.
🔹 Understand Employer Benefits – 401(k)/403(b) match, disability insurance, health coverage.
🔹 Plan for Taxes – Know your take-home pay, adjust withholding, and save for 1099 taxes if moonlighting.
🔹 Choose Your Repayment Plan – PSLF, IDR, or refinancing? Enroll early.
🔹 Set Up Auto-Pay – Lower your rate and never miss a payment.
🔹 Use Employer Loan Assistance – Check if your workplace offers repayment help.
🔹 Build an Emergency Fund – 3-6 months of expenses in a high-yield savings account.
🔹 Live Below Your Means – Avoid lifestyle creep with a smart spending plan.
🔹 Set an Intentional Savings Rate – Start with 15% of your income for long-term wealth building.
🔹 Maximize Employer Match – Contribute at least enough to get the full match.
🔹 Traditional vs. Roth 401(k)/403(b) – Choose based on tax strategy.
🔹 Open a Roth IRA – A tax-efficient way to invest outside your employer plan.
🔹 Supplement Disability Insurance – Employer coverage may not be enough. Consider own-occupation coverage for more comprehensive protection.
🔹 Understand Malpractice Coverage – Ensure your employer provides adequate protection.
🔹 Consider Life Insurance – Essential if you have dependents or co-signed debt.
🔹 Rent vs. Buy? – Homeownership isn’t always the best first step.
🔹 Big Purchases – Make sure car upgrades and major expenses fit your plan.
🔹 Moonlighting? – Save for taxes and track expenses for 1099 income.
🔹 Pro Tip: Your first financial moves as a PA-C set the foundation for long-term success. Be proactive.