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Webinar Science and Life

Fiscal fitness for scientists: The price you pay for ignorance

This webinar is brought to you by the Science/AAAS Custom Publishing Office

Fiscal fitness for scientists: The price you pay for ignorance

Recorded 18 December 2019


After a decade of study and educational costs approaching half a million U.S. dollars, a young scientist endures a life of endless hours, high stress, and low pay. Furthermore, the life of a junior scientist is one of frequent relocation, often abroad. Advancement up the scientific career ladder is fraught with high stress: the need to publish, raise grant funding, and achieve tenure. Despite low pay, the long work hours make obtaining a secondary income difficult or impossible. How can a young scientist save money, organize a retirement account, and financially plan for a comfortable life and retirement? The financial pressures of being a scientist are not limited to youngsters—with tenure becoming more difficult and likely to disappear, many more senior scientists have little or no financial security either. Is poverty the right price to pay for a career in science? Listen to this webinar to get fiscally fit.

This webinar will last for approximately 60 minutes.

Speaker bios

Diane Klotz, Ph.D.

Sanford Burnham Prebys Medical Discovery Institute
San Diego, CA

Dr. Klotz is director of the Office of Education, Training, & International Services and associate dean of administration and professional development in the Graduate School of Biomedical Sciences at Sanford Burnham Prebys Medical Discovery Institute (SBP) in La Jolla, California. In these positions she oversees a team responsible for creating and delivering innovative programs to support the professional growth and complement the scientific education and training of SBP’s graduate students and postdoctoral researchers. She participates in institute-wide strategic planning for education and training initiatives, advises faculty on education and training best practices, and consults for the Human Resources Department and institute executive leadership on education and training policy. Additionally, she serves as an educator on topics surrounding leadership and management development, team building, conflict, and interpersonal dynamics. Diane is a certified DiSC facilitator and MBTI practitioner, and has a certificate for ADVANCED Training in Conflict Management from Kilmann Diagnostics as well as the certificate in Negotiation and Leadership from the Harvard Law School Program on Negotiation. Dr. Klotz received her Ph.D. in molecular and cellular biology from Tulane University, and pursued her postdoctoral research training at the National Institute of Environmental Health Sciences at the U.S. National Institutes of Health (NIH). Outside the lab, she has served as a member and chair of the National Postdoctoral Association (NPA) Board of Directors, where she remains active as a member of the NPA Advisory Council. She served on the NIH study sections for the NIH Broadening Experience in Scientific Training (BEST) Award program and as a member of the NIH BEST External Scientific Panel of advisors.

Emily Roberts, Ph.D.

Personal Finance for PhDs
Seattle, WA

Dr. Roberts is a personal finance educator specializing in early-career Ph.D.s. Through her business, Personal Finance for PhDs, she inspires and equips postbacs, graduate students, postdocs, and Ph.D.s to make the most of their money, no matter their income. She gives seminars and webinars at universities and for associations; interviews Ph.D.s on her podcast; serves as a financial coach; runs an online community; and creates courses and workshops on taxes, investing, budgeting, and more. Dr. Roberts completed a Ph.D. in biomedical engineering at Duke University in 2014 and lives in Seattle, Washington with her husband and two children.

Phil Schuman, M.B.A.

Indiana University
Bloomington, IN

Mr. Schuman serves as director of financial literacy for Indiana University (IU) and the executive director of the Higher Education Financial Wellness Alliance. Since he cofounded the Office of Financial Literacy at IU, student debt levels have decreased by 21%. The decline is due in part to the creation of peer-to-peer financial education, the interactive website, and the implementation of a debt letter provided to student loan borrowers at IU. Mr. Schuman is also cofounder of MoneySmarts U, an interactive financial education platform that provides financial education to students. He graduated with a B.A. in psychology from DePauw University and an M.B.A. from IU.  He has a wife (Katie), a dog (Kora), and a five-year-old daughter (Lucy) who is obsessed with asking “why” questions in an effort to drive her parents insane. It’s working.

Annamaria Lusardi, Ph.D.

George Washington University and the Global Financial Literacy Excellence Center
Washington, DC

Dr. Lusardi is the Denit Trust Endowed Chair of Economics and Accountancy at the George Washington University School of Business (GWSB) and the founder and academic director of GWSB’s Global Financial Literacy Excellence Center. She has taught at Dartmouth College, Princeton University, the University of Chicago Harris School of Public Policy, the University of Chicago Booth School of Business, and Columbia Business School. From January to June 2008, she was a visiting scholar at Harvard Business School. She holds a Ph.D. in economics from Princeton University. Dr. Lusardi has won numerous research and other awards. The more recent ones include delivering the Kahneman Lecture at the 2019 conference on Economic Psychology and Behavioral Economics, the 2018 Ketchum Prize from the FINRA Investor Education Foundation, the 2017 Skandia Research Award on Long-Term Savings (awarded in Sweden), the 2015 Financial Literacy Award from the International Federation of Finance Museums (awarded in China), and the 2013 William E. Odom Visionary Leadership Award. In 2018, she received an honorary degree of Doctor of Science (economics and business administration) from the University of Vaasa in Finland. In 2019, she was included in the Top 100 Fintech Leaders and Influencers in Italy.


Sean Sanders, Ph.D.

Washington, DC

Dr. Sanders did his undergraduate training at the University of Cape Town, South Africa, and his Ph.D. at the University of Cambridge, UK, supported by the Wellcome Trust. Following postdoctoral training at the National Institutes of Health and Georgetown University, Dr. Sanders joined TranXenoGen, a startup biotechnology company in Massachusetts working on avian transgenics. Pursuing his parallel passion for writing and editing, Dr. Sanders joined BioTechniques as an editor, before joining Science/AAAS in 2006. Currently, Dr. Sanders is the Director and Senior Editor for Custom Publishing for the journal Science and Program Director for Outreach.

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