PHP and Addiction Resources
The MSDC Physician Health Program is a private, confidential, non-disciplinary program that works to advocate for the health and well-being of all physicians in the metropolitan Washington, DC, area and to safeguard the public.
The Program
is HIPAA compliant and protects the confidentiality of participant records as set forth under DC and Federal law. The program is administered by the Medical Society of DC and is separate from the DC Board of Medicine.
Learn more about this program at our Healthy Physician Foundation page
Support Your Colleagues
Do you want to help support your fellow physicians going through their own struggles? The Healthy Physician Foundation supports the PHP and our efforts to supports physicians in need. Your generous gift allows MSDC to continue this important program and extend our reach to all physicians.
How to think about year-end financial planning
As physicians approach the end of the calendar year, a number of pressing financial issues may face your portfolio. Charles Schwab recommends individuals consider the some of the following ways to prepare your finances for year end:
- Take required minimum distributions [RMDs] (for those over age 72)
- Optimize your charitable giving
- Harvest investment losses
- Consider changes to retirement plans and IRAs
On the first point, some individuals may struggle with RMDs and its impact on their income level. Schwab recommends considering a qualified charitable deduction (QCD) to assist with this situation:
If you're 70½ or older, you can donate up to $100,000 to a charity directly from your IRA using a QCD. You won't receive a tax deduction for the donation, but the gifted amount can be used to satisfy all or part of your RMD without adding to your taxable income.
Physicians, like many high net-worth individuals, may struggle with making decisions on the best ways to manage their money during tumultuous financial times. To learn more about year-end options, MSDC's advisors Asset Strategy Consultants are available to speak with you about your individual needs, including QCDs, retirement planning, and investing. Visit their website here or contact them to learn more (and mention you are an MSDC member).
And if you are looking for a charity to make a tax-deductible contribution or QCD, and would like to help members of our profession, consider The Healthy Physician Foundation.