Investing

Doctors, Here are 10 Questions to Ask Your Prospective Financial Advisor [Podcast]

Doctors, Here are 10 Questions to Ask Your Prospective Financial Advisor [Podcast]

Want to start building your investments and planning for retirement? Have no idea where to start the conversation about your personal finances? Well, you’re not alone!

Here are the top 10 questions to ask when comparing prospective financial advisors:

Financial Margins for Doctors [Podcast]

Financial Margins for Doctors [Podcast]

We often mention the phrase “financial wellness”, but what does that actually mean, and what does it look like? Surprisingly, it looks a lot like wellness in every other part of your life; this is achieved in-part by putting upper and lower limits in place to make sure you account for the unknown and make space for what matters.

Investment Chutes and Ladders for Doctors [Podcast]

Investment Chutes and Ladders for Doctors [Podcast]

We know your financial well-being isn’t a game, so this week Katherine is interviewed by Brown University's Dr. Kristy McAteer as they discuss some strategies for climbing your investment ladders, and help you avoid some perilous financial chutes.

9 Retirement Landmines of Doctors [Podcast]

9 Retirement Landmines of Doctors [Podcast]

Two items we talk about in every first meeting we have with doctors are: retirement, and financial independence. It’s common knowledge in the financial world that doctors already start at a disadvantage for retirement. By the time doctors are attending and able to start saving significant amounts toward retirement, other professionals have had a decade of retirement savings under their belt.

Inflation Info for Doctors [Podcast]

Inflation Info for Doctors [Podcast]

Today’s topic is something you’ve likely heard about in the news quite a bit: inflation. Inflation occurs when the prices of goods and services increase steadily over time. This results in consumers buying fewer of these goods and services with every dollar they have saved. Can we predict it? How do we prepare for it? How can we rest at night with so little control over it?

Risk Tolerance for Doctors [Podcast]

Risk Tolerance for Doctors [Podcast]

How do you know if you are taking the right amount of risks in your investment portfolio? This is a common quandary among our clients, because the “right amount of risk” for you today, can and will change in the future. Today’s episode will cover the many ways we assess doctors’ risk tolerance.

7 Things Doctors Should Know When Transitioning to an Attending [Podcast]

7 Things Doctors Should Know When Transitioning to an  Attending [Podcast]

Graduation is just around the corner for many residents and fellows. Over the many years we’ve been helping doctors, we have identified 7 key points they should consider when transitioning to an attending position. These crucial points will protect their financial goals now and in the future. Today we will discuss these steps, and why they are so important.

Top Mistakes Doctors Make with their Finances [Podcast]

Top Mistakes Doctors Make with their Finances [Podcast]

Through the years, Katherine has seen certain mistakes repeated among physicians and dentists. To better understand and then correct these mistakes, Katherine joins Dr. Kristy McAteer, from Brown University, to discuss the biggest blunders she sees, and how to take actionable steps to correct them.

4 Steps to Home Buying for Doctors [Podcast]

4 Steps to Home Buying for Doctors [Podcast]

Is buying a new home on your to-do list for this year? It can be an exciting and monumental task. So where do you begin? Today’s episode of “More Money Minutes for Doctors” will cover everything you need to know to get started, including: creating a budget, finding the right loan, and what actually adds value to a home.

Renting vs. Buying a Home for Doctors [Podcast]

Renting vs. Buying a Home for Doctors [Podcast]

Next to funding your retirement, a home is most likely the biggest purchase a person or family will ever make. How do you know if it’s a good decision to purchase a home? In today’s podcast, we are covering 5 things to take into consideration when making this decision.

The Tax Triangle for Doctors [Podcast]

The Tax Triangle for Doctors [Podcast]

Doctors, when it comes down to it, retirement is likely going to be the most expensive purchase of your lives. As a business that deals directly with doctors’ personal financial concerns, we get many questions: “Will I have enough money to retire?”, “When will I run out?”, etc. But one question we don’t get very often, that should be asked is: “Is my money positioned in the right type of accounts?” Today we will discuss the different types of retirement accounts, their tax consequences, and how to get the most out of them when it really matters.

Roth IRAs for Doctors [Podcast]

Roth IRAs for Doctors [Podcast]

William Roth created the Roth IRA in 1997 as a tax-free retirement investment. This investment will grow tax-free and can’t be taken out until you have reached 59 1/2 years of age. There are no RMDs (Required Minimum Distribution), so you can wait and let that money keep growing, even after you reach the minimum age to start taking money out. If you do this, you can keep making contributions up until 70 1/2 years old.