If you missed part one of this series where Katherine discussed base pay, bonuses, restrictions, arbitration, and general tips, you can listen or read more about it here. Today we’ll cover common benefits in doctor contracts and what can be negotiated.
Doctors, I'm sure you've looked at your employment contract and were probably taken aback with all the legal jargon. There are so many pages of information which can be so hard to understand. I find a lot of doctors, particularly young doctors, are exhausted and so burnt out that the first contract that comes their way, they just want to sign and be done with the pain.
The last few years before you hang up your stethoscope can be critical to a doctor's successful retirement. In this episode of More Money Minutes for Doctors, Katherine Vessenes, CEO and founder of MD Financial Advisors, covers the five things every doctor should do before handing in their resignation.
Many of our doctors are confused about Roth accounts, which ones they can have, and how they differ. In today’s podcast, Katherine Vessenes, CEO and founder of MD Financial Advisors, breaks down the differences between Roth IRAs and Roth 401ks and Roth 403bs. She highlights how they can work individually and together to help doctors feel more confident in their investments and retirement.
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.
In the famous words of Alice Cooper, “school’s out for summer”! Yes, summer vacation is here, and the question is: how are you going to keep your kids from bouncing off the walls for the next three months? This could be the perfect time to teach your kids about money, and the importance of saving. Whether they’re 4 or 16 there’s never a bad time to teach them about the fundamentals of money and savings goals.
How do we, as parents, help our children out financially? Of course we can start trusts, 529’s, or brokerage accounts which helps their financial futures, but what will really impact their future is by learning healthy financial habits.
Are you ready to take the next steps in securing your financial future? Click here to book a complimentary consultation with one of our team members.
![Contract Review for Doctors: Part 2 [Podcast]](https://images.squarespace-cdn.com/content/v1/561feb4ee4b0de0eb30d6d3c/1731602028912-VGYOQRE2D0IXVG8M8YS7/nik-macmillan-YXemfQiPR_E-unsplash.jpg)
![5 Things Every Doctor Should Consider Before Retiring [Podcast]](https://images.squarespace-cdn.com/content/v1/561feb4ee4b0de0eb30d6d3c/1722536007045-7LMIAAUS2LBUQVLHXHZG/beach+chairs.jpg)
![Doctors and Roth Accounts: Saving Millions for Retirement [Podcast]](https://images.squarespace-cdn.com/content/v1/561feb4ee4b0de0eb30d6d3c/1719253970159-YZ8Y2G4AIZJVQRNTNL8X/pexels-karolina-grabowska-4021775.jpg)
![Doctors and Financial Planning FOMO [Podcast]](https://images.squarespace-cdn.com/content/v1/561feb4ee4b0de0eb30d6d3c/1708554954783-M8SGDOL34GWJ3ECOEGUD/northfolk-b_Qt9f2egBM-unsplash.jpg)
![EE Bonds and I Bonds for Doctors [Podcast]](https://images.squarespace-cdn.com/content/v1/561feb4ee4b0de0eb30d6d3c/1660059366505-088U1WRRJNILWB00ZR1T/national-cancer-institute-L8tWZT4CcVQ-unsplash.jpg)
![How-to for Doctors: Teaching Your Children About Money [Podcast]](https://images.squarespace-cdn.com/content/v1/561feb4ee4b0de0eb30d6d3c/1655311269578-XV0VWCJZ6B4O02T2ZVQ0/jerry-wang-KV9F7Ypl2N0-unsplash.jpg)