CIR Residents Learn About Life After Residency

You survived residency, and now you suddenly have to figure out the next steps. How do you negotiate a contract? How can you manage your debt? Is it a good time to buy a home?

Residents in Northern California, Southern California, Massachusetts and New York got answers to their most pressing questions about life after residency at a recent series of Post-Residency Life Workshops. More than 150 residents attended the sessions.

The workshops covered three main topics: Negotiating an Individual Employment Contract, Trusts and Estates, and Financial Planning, with top experts in each topic presenting detailed information and real-life examples. Attorneys spent time reviewing actual sample contracts with notes about what to look for and which clauses to challenge.

Attendees listed “dealing with debt” as the scariest thing about graduating, and found the financial planning information very useful. They also appreciated the sessions on negotiating a post-residency contract, which covered common pitfalls and how to take into account factors like equity and employee vs. independent contractor status.

“It brought to the surface many important facets of post-residency life to which we residents would otherwise be oblivious,” said Dr. Hossein Samadi, a Psychiatry resident at Harbor-UCLA and a CIR Delegate. “I believe the majority of my peers benefited greatly from events such as this, as they provide us with vital information that is not otherwise included in our formal curriculum.”

If you were unable to attend the post-residency life workshop in your area and would like a copy of the materials and background information, please contact Mohan Kanungo at mkanungo@cirseiu.org.