You may have heard the buzz surrounding developments with SECURE Act 2.0. Today, we're diving into the new IRS rules that would allow rolling over 529 plans into a Roth IRA. Let’s unravel this news and determine if it's a viable option for you.
Mastering the Minimum Effective Financial Dosage for Doctors [Podcast]
Welcome back to More Money Minutes for Doctors. Today we delve into a crucial topic: determining the minimum effective financial dosage for doctors to achieve lasting financial security.
In the realm of financial advice, countless articles offer tips for enhancing your finances. However, just as doctors prescribe the minimum effective dose for patients, should there not be a similar approach for doctors managing their finances? Let’s explore this concept.
A Doctor's Guide to Avoiding Four Crucial Financial Pitfalls [Podcast]
Managing personal finances can often take a back seat to a doctor’s demanding schedules. However, overlooking key financial decisions in the early stages of a medical career can lead to long-term setbacks. Today we’re discussing common financial mistakes made by young doctors and offer strategies to avoid them.
1099 Tax Shelters for Doctors [Podcast]
It is crucial for doctors to understand the differences in retirement accounts if they want to maximize their wealth. Two popular choices, the Sep IRA and the Solo 401K, present distinctive benefits, limitations, and considerations. Here, we break down the key elements of each, shedding light on their respective advantages and limitations.
Small Steps Toward Financial Freedom for Doctors [Podcast with Dr. Kristy McAteer]
Financial freedom is a goal that many aspire to achieve, and for good reason. It offers the promise of a life with choices, free from the constraints of financial stress. In the world of medicine, where the demands of the profession are high, finding financial freedom can be a crucial step towards a healthier, happier life. Here we will explore some practical steps—often overlooked—that can pave the way for doctors to attain financial freedom.
4 Numbers Every Doctors Needs to Know [Podcast]
Doctors and Burnout [Podcast with Dr. Kristy McAteer]
In the landscape of modern medicine, the alarming rise of burnout among physicians has prompted critical discussions about how to sustain your careers and well-being. With the ever-increasing demands of medical practice, doctors find themselves facing unique financial challenges. In this episode, we delve into the insights shared by Katherine and Kristy who sheds light on the financial implications of burnout and offers practical strategies for physicians to embrace a life of abundance and create sustainable financial plans.
Doctors, Here are 10 Questions to Ask Your Prospective Financial Advisor [Podcast]
EE Bonds and I Bonds for Doctors [Podcast]
We’ve recently touched on down markets, inflation, and how to protect yourself from their effects. While we typically say down markets are a great time to invest in the stock market, we also want to share options on more conservative/stable investment options when the market is anything but. Government bonds are a low-risk way to invest with a consistent, guaranteed interest rate.
Market Downturns for Doctors [Podcast]
How will the state of our current geopolitical events impact your investments? It is nearly impossible to avoid the news and the speculation of what will come. While so much is uncertain, one thing we can prepare for is that our economy will most likely feel the effects of global unrest in the for of a market downturn.
Today, we’ll cover how we prepare, how we can take advantage of a down market, and share some statistics that might help you get to sleep at night.
10 Observations Over 10 Years of Working With Doctors [Podcast]
Love and Money for Doctors [Podcast]
Love is in the air this month, but there's something familiar to us all that has the ability to turn that air sour. Money. Love and money are both something we'd consider human necessities, but they don't always mesh well.
Studies have shown that roughy 40% of divorces occur because of how the other spouse handled money. Let's keep the love alive!
Join us this week as Katherine and Kristy talk about love and money. Specifically how to broach the subject with your significant other before it has the chance to cause heartbreak.
We invite you to join us this week as we talk about setting goals to improve your physical and financial health, and the pathway to achieving them!
Physical and Financial Health for Doctors [Podcast]
In the past have you set sparkling New Year's resolutions, only to have them fizzle out by February? We can to help you achieve your goals this year! How, might you ask? By showing you the steps to create (and stick to) your personal and financial goals.
We invite you to join us this week as we talk about setting goals to improve your physical and financial health, and the pathway to achieving them!
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]
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?
A Doctor's Side Gig Income: Consulting [Podcast]
Retirement Basics for Doctors [Podcast]
Risk Tolerance for Doctors [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]
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.