What will the biggest physician financial question be for 2025

Physician Family Financial Advisors Podcast; Personal Finance for Doctors with Children

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Understanding Taxes as a Newly Formed Small Business - Part 2 of the Small Business Starter Kit 28:24

約 10 日前28:24

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28:24

In our second installment of the Small Business Starter Kit series - we’re tackling a topic that’s sometimes tricky, sometimes confusing, but ever-present: taxes. Hosts Austin and Jannese have an insightful conversation with entrepreneur Isabella Rosal who started 7th Sky Ventures , an exporter and distributor of craft spirits, beer, and wine. Having lived and worked in two different countries and started a company in a heavily-regulated field, Isabella is no stranger to navigating the paperwork-laden and jargon-infused maze of properly understanding taxes for a newly formed small business. Join us as she shares her story and provides valuable insight into how to tackle your business’ taxes - so they don’t tackle you. Learn more about how QuickBooks can help you grow your business: QuickBooks.com See omnystudio.com/listener for privacy information.…

約 1 年前 25:22

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Episode Summary:

In this episode, Nate Reineke and Ben Utley explore what the biggest physician financial question will be for 2025. They kick off the new year by addressing listener questions about financial planning strategies, touching on important topics such as 529 accounts, target date funds versus robo-advisors, Medicare enrollment, and mortgage payoff decisions.

Key Takeaways:

1. 529 accounts can effectively build educational wealth for future generations, especially for families with children planning to pursue further education.

2. Target date funds offer a more automated investment approach, while robo-advisors provide tailored strategies based on individual risk tolerance and tax situations.

3. Physicians can delay Medicare enrollment under specific conditions, allowing them to maintain their current insurance for longer.

4. Deciding whether to pay off a mortgage or prioritize retirement savings involves weighing personal values against financial strategies.

Call to Action:

For more information, visit www.physicianfamily.com.

Disclosure: See marketing disclosures at www.physicianfamily.com/disclosures.

Remember, you’re not just making a living; you’re making a life. Pursue what lights you up!

105 つのエピソード

#Financial Advisors

What will the biggest physician financial question be for 2025

Physician Family Financial Advisors Podcast; Personal Finance for Doctors with Children

published 約 1 年前

MP3•エピソードのホーム

Episode Summary:

Key Takeaways:

1. 529 accounts can effectively build educational wealth for future generations, especially for families with children planning to pursue further education.

2. Target date funds offer a more automated investment approach, while robo-advisors provide tailored strategies based on individual risk tolerance and tax situations.

3. Physicians can delay Medicare enrollment under specific conditions, allowing them to maintain their current insurance for longer.

4. Deciding whether to pay off a mortgage or prioritize retirement savings involves weighing personal values against financial strategies.

Call to Action:

For more information, visit www.physicianfamily.com.

Disclosure: See marketing disclosures at www.physicianfamily.com/disclosures.

Remember, you’re not just making a living; you’re making a life. Pursue what lights you up!

105 つのエピソード

#Financial Advisors

すべてのエピソード

1
How much DO physicians spend ? And save ? 24:55

約 4 日前24:55

24:55

Introduction: In this episode, hosts Nate Reineke and Ben Utley dive into the often-asked question: How much do physicians actually spend and save? They explore spending patterns among doctors, discuss financial strategies for managing student loans, and examine the importance of striking a balance between work and family life. Summary: Nate and Ben discuss the financial challenges faced by physicians, particularly when it comes to managing expenses and savings. They address a range of listener questions, from paying off student loans to investment strategies and spending habits. This engaging conversation emphasizes the need to prioritize time with family while also navigating the financial landscape. Key Highlights: - Balancing Family and Financial Goals: A physician's desire to pay off student loans quickly to spend more time with family and the importance of not rushing through critical family time. - Understanding Spending Ranges: Insights into how much physicians typically spend on a monthly basis, with ranges between $10,000 to $30,000 depending on factors like location and family size. - Saving Habits: Discussion on average savings rates for physicians and the challenges they face in maintaining a comfortable retirement lifestyle. - Investment Strategies: Reflections on whether physicians should diversify investments beyond index funds, examining the perceived need for complexity in investment choices. - Health Savings Accounts (HSAs): Guidance on selecting HSAs when switching to high-deductible health plans, with recommendations based on ease of use and investment options. - Common Financial Concerns: Addressing the anxiety many physicians feel about spending and saving, and the misconception that there is a one-size-fits-all approach to financial planning. Conclusion: Join Nate and Ben as they provide valuable insights for physician families navigating their financial journeys, ensuring that listeners balance their spending and saving practices effectively. Call to Action: For more information, visit https://www.physicianfamily.com/ Disclosure: See marketing disclosures at https://www.physicianfamily.com/disclosures Closing Thought: Remember, you’re not just making a living; you’re making a life. Pursue what lights you up!…

1
Becoming a Physician Mom Again in your 40's! Now what? 36:03

約 11 日前36:03

36:03

Introduction: Welcome to Physician Family Financial Advisors Podcast. In this episode, hosts Nate Reineke and Ben Utley address the joys and financial complexities of becoming a physician mom in your 40's, and what that means for your financial planning moving forward. Summary: Join Nate and Ben as they explore the financial considerations and strategies for physician families, particularly those experiencing major life changes like having another child later in life. They discuss how to balance short-term needs with long-term goals and the importance of saving for both college and retirement. The episode also touches upon direct primary care as a potentially less stressful approach for physicians. Key Highlights: - Welcoming New Additions: How becoming a mother again at 40 can impact financial planning and important steps to take. - Understanding the 401(k) and Defined Benefit Plans: Differences and similarities between these retirement saving options and how they affect your financial strategy. - Personal Anecdotes: Nate shares his own healthcare journey and reflects on how finding a direct primary care doctor mirrored the experience physician families might have when seeking financial advice. - Investment Anxiety: Navigating emotions of greed and fear in investment decisions and the importance of saving over potential high returns. - Making the Most of a Windfall: Insightful discussion on utilizing a large gift for purchasing a home, avoiding jumbos, and putting money towards college savings via a 529 plan. - Retirement Planning with Young Children: Challenges and solutions for planning retirement with young children, ensuring adequate college funds, and adjusting retirement timelines. - Alternative Practice Models: Exploring direct primary care and concierge medicine as potential practice options for burnt-out physicians and the financial implications of these models. Conclusion: Whether you’re navigating the financial implications of adding to your family, strategizing to maximize retirement savings, or considering a shift in your medical practice, listen in for valuable insights and actionable advice from Nate and Ben. Call to Action: For more information, visit www.physicianfamily.com Disclosure: See marketing disclosures at www.physicianfamily.com/disclosures Closing Thought: Remember, you’re not just making a living; you’re making a life. Pursue what lights you up!…

1
Physician forever home mortgage, why not pay points? 32:28

約 18 日前32:28

32:28

Episode Summary: In this episode Nate Reineke and Ben Utley discuss the nuances of mortgage options for physicians, specifically focusing on the decision to pay points. The hosts explore the implications of mortgage rates, the impact of short-term versus long-term holding periods, and how physicians can navigate the complexities of home financing. Key Takeaways: - Understanding Mortgage Points: Purchasing points can lower mortgage interest rates, but the decision depends on how long the mortgage will be held. - Balancing Costs and Benefits: Evaluating whether to buy points should consider potential future interest rate changes and personal financial situations. - Mortgage Structures: Analyzing the pros and cons of different mortgage types, including fixed-rate and adjustable-rate options, is essential. - Market Conditions: Awareness of current market trends can inform decisions around mortgage rates and points, especially in fluctuating environments. - Client Experiences: Real-life examples from physicians help illustrate the practical considerations and emotional factors involved in mortgage choices. Call to Action: For more information, visit www.physicianfamily.com Disclosure: See marketing disclosures at www.physicianfamily.com/disclosures Closing Thought: Remember, you’re not just making a living; you’re making a life. Pursue what lights you up!…

1
Physicians ask, "What if Trump…?" 28:09

約 25 日前28:09

28:09

Episode Summary: In this episode, Nate Reineke and Ben Utley discuss the potential financial implications for physicians in light of recent political changes, particularly focusing on the questions surrounding government policies and public service loan forgiveness (PSLF). They also address listener inquiries about financial planning for 2025, including insights on donor advised funds (DAFs), retirement strategies, and health insurance considerations. Key Takeaways: - Impacts on Federal Benefits: The conversation regarding the safety of federal pensions and benefits under changing administrations is crucial for physicians with federal employee status. - Federal Employee Retirement System (FERS): Understanding how proposed changes may affect the Thrift Savings Plan and pension benefits is important for financial planning. - Public Service Loan Forgiveness (PSLF): Clarifications on how PSLF works and factors influencing eligibility should be top of mind for many physicians. - Investment Decisions: The discussion reflects on how political changes can lead to uncertainty in investment strategies, emphasizing the importance of long-term planning. - Value of a Financial Plan: Staying informed and prepared with a solid financial plan provides clarity amidst uncertainty. Call to Action: For more information, visit www.physicianfamily.com. Disclosure: See marketing disclosures at www.physicianfamily.com/disclosures. Closing Thought: Remember, you’re not just making a living; you’re making a life. Pursue what lights you up!…

1
What Physicians Should Think About Funding Their 529 plan 26:45

5 weeks前26:45

26:45

Episode Summary: In this episode, Nate Reineke and Ben Utley discuss important considerations for physicians when funding their 529 plans. The hosts share insights from personal experiences, highlight the significance of effective savings strategies, and address listener questions related to college savings and financial planning. Key Takeaways: - Funding a 529 Plan: Physicians should consider their financial goals and the educational needs of their children when deciding how to fund their 529 accounts. - Managing Bonuses: Strategies for directing quarterly bonuses into consistent savings can enhance overall financial stability. - Evaluating Financial Products: Understanding various financial products, including donor advised funds, plays a crucial role in effective tax management. - Balancing Family and Finances: The importance of balancing quality family time with financial responsibilities can lead to a more fulfilling life. Call to Action: For more information, visit www.physicianfamily.com. Disclosure: See marketing disclosures at www.physicianfamily.com/disclosures. Closing Thought: Remember, you’re not just making a living; you’re making a life. Pursue what lights you up!…

1
Turning Quarterly Physician Bonuses Into Monthly Savings 18:02

6 weeks前18:02

18:02

Episode Summary: In this episode, Nate Reineke and Ben Utley explore strategies for turning quarterly physician bonuses into effective monthly savings. They share insights into managing unexpected income and address listener questions about donor advised funds (DAFs), retirement planning, and the impact of health insurance on financial goals for physicians. Key Takeaways: - Utilizing Quarterly Bonuses: Physicians can allocate quarterly bonuses to create a more stable monthly savings flow, helping to offset expenses and build wealth over time. - Tax Benefits of DAFs: Donor advised funds provide significant tax advantages for charitable contributions. - Building Educational Wealth: 529 accounts remain a practical strategy for families looking to save for college tuition. - Health Insurance Considerations: Incorporating health insurance costs into retirement plans is essential, with options available for delaying Medicare enrollment. - Retirement Account Strategies: A solid understanding of traditional and Roth retirement accounts can enhance overall tax efficiency. Call to Action: For more information, visit www.physicianfamily.com. Disclosure: See marketing disclosures at www.physicianfamily.com/disclosures. Closing Thought: Remember, you’re not just making a living; you’re making a life. Pursue what lights you up!…

1
What is the best college savings goal for doctors ? 34:51

7 weeks前34:51

34:51

Episode Summary: In this episode, Nate Reineke and Ben Utley explore the best college savings goals for doctors. They discuss strategies for saving effectively for education expenses and address listener questions about donor advised funds (DAFs), 529 accounts, retirement planning, and the overall financial implications for medical professionals and their families. Key Takeaways: 1.Tax Benefits of DAFs: Donor advised funds may provide significant tax advantages when donating to charities. 2.Building Educational Wealth: 529 accounts serve as a practical method for families looking to save for college expenses. 3.Health Insurance Considerations: Physicians should factor in health insurance costs during retirement planning, including options for delaying Medicare enrollment. 4.Retirement Account Strategies: Understanding the differences between traditional and Roth retirement accounts contributes to effective tax planning. 5.Value of Relationships: Quality time with family enriches personal relationships and can impact financial priorities. Call to Action: For more information, visit www.physicianfamily.com. Disclosure: See marketing disclosures at www.physicianfamily.com/disclosures. Closing Thought: Remember, you’re not just making a living; you’re making a life. Pursue what lights you up!…

1
Can Donor Advised Funds Cut Doctors Taxes Twice ? 46:20

8 weeks前46:20

46:20

Summary: In this episode, Nate Reineke and Ben Utley explore how donor advised funds (DAFs) can provide significant tax benefits for physicians. They return from their holiday break to answer important listener questions about DAFs, 529 accounts, retirement savings strategies, and the implications of health insurance on financial planning for doctors in 2025. Key Takeaways: 1. Tax Savings with DAFs: Donor advised funds provide an opportunity to reduce taxes twice—first when making donations and again during the distribution to charities. 2. Building Educational Wealth: 529 accounts serve as a tool for families to save for future educational expenses effectively. 3. Health Insurance Considerations: Physicians should consider health insurance costs as part of retirement planning, and options exist for delaying Medicare enrollment in certain situations. 4. Retirement Account Strategies: A solid understanding of the differences between traditional and Roth retirement accounts plays a significant role in tax efficiency. 5. Value of Time: Quality time with family may influence financial decisions and help shape priorities. Call to Action: For more information, visit www.physicianfamily.com. Disclosure: See marketing disclosures at www.physicianfamily.com/disclosures. Remember, you’re not just making a living; you’re making a life. Pursue what lights you up!…

1
What will the biggest physician financial question be for 2025 25:22

9 weeks前25:22

25:22

Episode Summary: In this episode, Nate Reineke and Ben Utley explore what the biggest physician financial question will be for 2025. They kick off the new year by addressing listener questions about financial planning strategies, touching on important topics such as 529 accounts, target date funds versus robo-advisors, Medicare enrollment, and mortgage payoff decisions. Key Takeaways: 1. 529 accounts can effectively build educational wealth for future generations, especially for families with children planning to pursue further education. 2. Target date funds offer a more automated investment approach, while robo-advisors provide tailored strategies based on individual risk tolerance and tax situations. 3. Physicians can delay Medicare enrollment under specific conditions, allowing them to maintain their current insurance for longer. 4. Deciding whether to pay off a mortgage or prioritize retirement savings involves weighing personal values against financial strategies. Call to Action: For more information, visit www.physicianfamily.com. Disclosure: See marketing disclosures at www.physicianfamily.com/disclosures. Remember, you’re not just making a living; you’re making a life. Pursue what lights you up!…

1
Cracking The Purpose Code with Jordan Grumet MD 37:13

10 weeks前37:13

37:13

Episode Summary: Join Nate Reineke and Ben Utley as they welcome Jordan Grumet, also known as Doc G, author of The Purpose Code and host of the Earn and Invest podcast. They discuss the vital connection between purpose and financial well-being, providing insights on navigating burnout and rediscovering joy in the medical profession. Guest Info: Jordan Grumet, born in Evanston, Illinois in 1973, found the spark to become a doctor after a deeply personal event reshaped his life’s trajectory. The unexpected loss of his father, an oncologist, ignited a passion within him to practice medicine and instilled a unique vantage point that later melded seamlessly with his financial expertise. Completing his studies at the University of Michigan, Jordan earned his medical degree from Northwestern University before embarking on a journey in Internal Medicine in Northbrook, Illinois. Presently, he serves as an associate medical director at Unity Hospice. With a profound understanding of both medicine and finance, Jordan unveiled his thoughts through blogging, specifically focusing on financial independence and wellness. This passion culminated in the launch of the Earn & Invest podcast in 2018, which received the Plutus Award for Best New Personal Finance Podcast in 2019 and subsequent nominations for Best Personal Finance Podcast of the Year in 2020 and 2021. In August 2022, Jordan published Taking Stock: A Hospice Doctor’s Advice on Financial Independence, Building Wealth, and Living a Regret-Free Life with Ulysses Press. His second book, The Purpose Code, will be published in January 2025 by Harriman House Press. Jordan’s journey intertwines medical insight and financial wisdom, resonating deeply with those seeking a balanced, meaningful life. Resources Mentioned: - The Purpose Code by Jordan Grumet: https://jordangrumet.com/books/ - Taking Stock by Jordan Grumet: https://jordangrumet.com/books/ - Earn and Invest Podcast: https://www.earnandinvest.com/episodes-9 Call to Action: For more information, visit www.physicianfamily.com. Disclosure: See marketing disclosures at www.physicianfamily.com/disclosures. Closing Thought: Remember, you're not just making a living, you're making a life. Pursue what lights you up!…

1
Interest Rates: What doctors need to know now 31:20

13 weeks前31:20

31:20

Episode Overview: In this episode, Ben Utley and Nate Reineke address the important topic of interest rates and how they might affect your financial decisions as a healthcare professional. They explore the potential impact on your investment portfolio and offer considerations for mortgage refinancing, aiming to provide insights that could be valuable for your financial management. Key Highlights: 1. Understanding Interest Rates: - Ben and Nate discuss how interest rates can influence your investment choices and highlight the importance of staying informed to enhance your financial planning. 2. Investment Policy Statements: - The hosts outline how an investment policy statement can serve as a useful tool for guiding your investment strategies and helping you maintain financial discipline. 3. 529 Plans and College Savings: - You'll learn about strategies related to front-loading 529 plans to maximize tax benefits and compound interest, supporting your efforts to fund your children's education. 4. Managing Cash Reserves for Home Purchases: - Ben advises against investing cash reserves that you plan to use for home purchases in stocks. Instead, he suggests considering high-yield savings accounts to keep your funds accessible and secure. 5. Choosing Appropriate Health Plans: - The episode discusses how to choose between high-deductible and low-deductible health plans, particularly if you have chronic conditions, helping you make the most of Health Savings Accounts (HSAs). 6. Understanding Mortgage Refinancing: - Ben explains when it could make sense for you to refinance your mortgage, emphasizing the need to analyze current rates in light of your financial situation. 7. Impact on Student Loans: - The hosts address how interest rates might influence your student loan refinancing decisions, providing guidance on when it could be wise to explore new loan terms. Actionable Advice: Get Personalized Financial Advice: For tailored financial guidance that suits your needs, visit www.physicianfamily.com to connect with a professional advisor. Have a Question? Send your questions to podcast@physicianfamily.com or call 503-308-8733, and your query might be featured in a future episode! Resources Mentioned: Retirement Wellness Check: Assess how well-prepared you are for retirement at PhysicianFamily.com/Quiz. Disclaimer: See marketing disclosures at www.physicianfamily.com/disclosures.…

1
How Much Crypto Should Doctors Own? 21:26

14 weeks前21:26

21:26

Episode Overview: In this episode, Ben Utley and Nate Reineke tackle the question of how much cryptocurrency is appropriate for doctors to own. They cover important considerations, such as the lack of inherent value in crypto compared to traditional investments like stocks and bonds. This episode also addresses a variety of financial topics relevant to physician families, from 529 plan strategies to managing cash reserves and understanding investment policy statements. Key Highlights: 1.Cryptocurrency for Physicians: -Ben and Nate explore whether doctors should own cryptocurrency and conclude that, given the lack of inherent value, "zero ownership" is acceptable. They emphasize the importance of understanding the speculative nature of crypto investments. 2.Investment Policy Statements: -The hosts explain the role of an investment policy statement in guiding individual investment strategies and maintaining a disciplined approach to personal finance. 3.529 Plans and College Savings: -They discuss the benefits of front-loading 529 plans to capitalize on tax-free growth and compound interest, while advising on flexibility for college funding strategies. 4.Managing Cash Reserves for Home Purchases: -Ben advises against investing cash intended for home purchases in short time frames, recommending high-yield savings accounts instead to keep funds accessible for future needs. 5.Choosing Health Plans for Families: -The episode examines selecting between high-deductible and low-deductible health plans, particularly for physicians with chronic conditions, and optimizing HSAs. Actionable Advice: Get Personalized Financial Advice: For tailored financial guidance that suits your needs, visit www.physicianfamily.com to connect with a professional advisor. Have a Question? Send your questions to podcast@physicianfamily.com or call 503-308-8733, and your query might be featured in a future episode! Resources Mentioned: Retirement Wellness Check: Assess how well-prepared you are for retirement at PhysicianFamily.com/Quiz. Disclaimer: See marketing disclosures at www.physicianfamily.com/disclosures.…

1
Can Physicians with Chronic Conditions Benefit from HSA? 22:14

15 weeks前22:14

22:14

Episode Overview: In this episode, Ben Utley and Nate Reineke address the question: Can Physicians with Chronic Conditions Benefit from HSAs? They tackle various financial inquiries from listeners, offering insights and advice crafted for physician families. The discussion covers topics such as the use of 529 funds, strategies for Roth IRA conversions, optimizing 403(b) contributions, and maximizing benefits from health savings accounts (HSAs), particularly for those with chronic conditions. Key Highlights: 1. Using 529 Plans: - Ben and Nate explain the scope of using 529 funds, highlighting their suitability for college savings but noting they are not designed for private preschool expenses. 2. Roth IRA Conversions: - The hosts discuss considerations when converting gains in a backdoor Roth IRA, emphasizing tax implications and the need for clarity on IRA rules. 3. 403(b) Contributions: - Insights into maximizing contributions to 403(b) plans are shared, especially for physicians with both mandatory and voluntary contribution options, allowing them to potentially exceed standard limits. 4. Tax Strategies Around IRAs: - Ben provides detailed guidance on managing IRAs with both pre-tax and post-tax contributions, focusing on basis management and conversion strategies for improved tax efficiency. 5. Health Plan Optimization: - The discussion addresses the management of health plans, examining the use of HSAs alongside FSAs, and providing strategies for choosing between high-deductible and PPO plans. 6. Can Physicians with Chronic Conditions Benefit from HSAs?: - The hosts explore the potential advantages of HSAs for physicians with chronic health conditions, considering how careful plan structuring may offer financial benefits despite high medical costs. Actionable Advice: Get Personalized Financial Advice: For tailored financial guidance that suits your needs, visit www.physicianfamily.com to connect with a professional advisor. Have a Question? Send your questions to podcast@physicianfamily.com or call 503-308-8733, and your query might be featured in a future episode! Resources Mentioned: Retirement Wellness Check: Assess how well-prepared you are for retirement at PhysicianFamily.com/Quiz. Disclaimer: This episode is for informational purposes only and not intended as financial advice. See marketing disclosures at www.physicianfamily.com/disclosures.…

1
Why should physicians own bonds? 38:27

16 weeks前38:27

38:27

Episode Overview: In this episode, Ben Utley and Nate Reineke discuss the often-overlooked topic of bonds and their role in a physician's investment portfolio. The conversation addresses a listener's question about the various types of bonds and how they could fit into a diversified investment strategy. Key Highlights: 1.Understanding Bonds: - Ben and Nate explain that bonds function as loans and can provide steady income, contrasting them with the volatility associated with stocks. - They outline different types of bonds, including Treasury bonds, municipal bonds, and corporate bonds, highlighting their unique characteristics. 2.The Role of Bonds in Investment Portfolios: - The hosts address why bonds may help reduce overall portfolio risk and provide stability, especially as one approaches retirement. - They explore the common misconception that bonds may underperform compared to equities, while discussing how bonds might provide protective benefits during market downturns. 3.Strategies for Bond Investment: - Ben and Nate clarify the importance of appropriate bond allocation within a portfolio and suggest that diversified bond funds might be preferred over individual bonds. - They highlight tax considerations related to different types of bonds and the significance of placing them in the right investment accounts. 4. Is Investing in a Variety of Bonds Necessary? - They respond to a listener's inquiry about the necessity of investing in a variety of bond types, suggesting that a diversified bond fund could be suitable for many investors. Actionable Advice: Get Personalized Financial Advice: For tailored financial guidance that suits your needs, visit www.physicianfamily.com to connect with a professional advisor. Have a Question? Send your questions to podcast@physicianfamily.com or call 503-308-8733, and your query might be featured in a future episode! Resources Mentioned: The Overtaxed Doctor's Retirement Investing Checklist: www.physicianfamily.com/go Are you getting all the tax breaks you deserve? Download your checklist here to ensure you’re maximizing your opportunities. Disclaimer: See marketing disclosures at www.physicianfamily.com/disclosures.…

1
Should physicians who plan to work as long as possible have an aggressive investment portfolio? 25:31

17 weeks前25:31

25:31

Episode Overview: In this episode, Ben Utley and Nate Reineke explore the complexities of maintaining an aggressive investment portfolio for physicians who might work well into their later years. The discussion addresses how long-term career goals could influence investment strategies, considering factors like risk tolerance, market conditions, and personal financial objectives. Key Highlights: 1. Eligibility Criteria for Solo 401(k)s: - Ben and Nate clarify the eligibility requirements for solo 401(k)s, particularly for those earning both W-2 and 1099 income. 2.Distinctions Between HSAs and FSAs: - They explain the differences between Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs), focusing on scenarios where individuals might be able to hold both. 3.Investment Strategy for Longevity: - The hosts discuss the option of considering a higher stock allocation for physicians who plan to work indefinitely. - They examine the potential effects of market fluctuations on long-term investments and how personal comfort with risk could influence decisions. 4. Managing 401(k) and 403(b) Accounts: - Ben and Nate discuss the process of rolling over traditional and Roth funds into new retirement plans or IRAs. - They highlight the importance of understanding the rules and options available for effective retirement account management. 5. 529 College Savings Plans: - The conversation centers on planning strategies for college savings as expenses approach. The hosts explore balancing investment risk with the need for financial stability during the lead-up to college. Actionable Advice: Get Personalized Financial Advice: For tailored financial guidance that suits your needs, visit www.physicianfamily.com to connect with a professional advisor. Have a Question? Send your questions to podcast@physicianfamily.com or call 503-308-8733, and your query might be featured in a future episode! Resources Mentioned: The Overtaxed Doctor's Retirement Investing Checklist: www.physicianfamily.com/go Are you getting all the tax breaks you deserve? Download your checklist here to ensure you’re maximizing your opportunities. Disclaimer: See marketing disclosures at www.physicianfamily.com/disclosures.…

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Physician Family Financial Advisors Podcast; Personal Finance for Doctors with Children « » What will the biggest physician financial question be for 2025

What will the biggest physician financial question be for 2025

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What will the biggest physician financial question be for 2025