A physician has made the decision to change jobs or move out of state. What answers should a physician receive before they accept a new position? What key factors should a physician know before they establish new residency, such as taxes, insurance, debt, and retirement? How should a physician plan their move to avoid huge impacts to their life? Every physician's situation is different, tune in to learn ten tips and traps before you decide to take the leap and relocate yourself and your family.    ASK A QUESTION    Send your questions about taxes, investing, extra money, retirement, college, and financial parenting to podcast@physicianfamily.com or call the Physician Family Answer Line at (503) 308-8733.    IN THIS EPISODE     [00:42] Get a tax projection from a CPA,  [2:48] Tips about insurance and how to set it up before changing locations/jobs.  [6:06] Tips and traps with college savings.  [10:44] Tips and traps for debt.  [16:30] What to look for when hospitals are offering loan repayment as a benefit.  [17:30] Tips and Traps for retirement.   [25:10] Every physician’s situation is different when you move to a different state. Make sure to plan accordingly to avoid major impacts to your life.     NOTICE    Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation.  Past performance is not indicative of future performance. 

A physician has made the decision to change jobs or move out of state. What answers should a physician receive before they accept a new position? What key factors should a physician know before they establish new residency, such as taxes, insurance, debt, and retirement? How should a physician plan their move to avoid huge impacts to their life? Every physician's situation is different, tune in to learn ten tips and traps before you decide to take the leap and relocate yourself and your family.  ASK A QUESTION  Send your questions about taxes, investing, extra money, retirement, college, and financial parenting to podcast@physicianfamily.com or call the Physician Family Answer Line at (503) 308-8733.  IN THIS EPISODE  <ul> <li>[00:42] Get a tax projection from a CPA, </li> <li>[2:48] Tips about insurance and how to set it up before changing locations/jobs. </li> <li>[6:06] Tips and traps with college savings. </li> <li>[10:44] Tips and traps for debt. </li> <li>[16:30] What to look for when hospitals are offering loan repayment as a benefit. </li> <li>[17:30] Tips and Traps for retirement.  </li> <li>[25:10] Every physician’s situation is different when you move to a different state. Make sure to plan accordingly to avoid major impacts to your life. </li> </ul> NOTICE  Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation.  Past performance is not indicative of future performance.

10 Tips and Traps for the Relocating Physician

A physician has made the decision to buy a house, so what’s the next step? How should physicians acquire a mortgage? What is the difference between a preferred lender vs. a standard bank loan? What type of loan is the best option for a physician? Tune in to learn the seven recommended steps for physicians in the home buying process that, with planning and preparation, can help physicians get the best mortgage.   ASK A QUESTION   Send your questions about taxes, investing, extra money, retirement, college and financial parenting to podcast@physicianfamily.com or call the Physician Family Answer Line at (503) 308-8733.   IN THIS EPISODE    [01:50] The first of seven steps to guide physicians in the right direction when looking to buy a house.  [04:00] How can a physician know how much they can or should spend on a house?  [06:55] How to find the right lender.  [12:00] The reason most real estate agents insist buyers work with their preferred lenders.  [15:24] What is a physician loan and is it the right choice?  [20:26] What to do and what not to do when working with a broker.  [26:39] The shopping and home buying processes.     NOTICE   Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation.  Past performance is not indicative of future performance.

A physician has made the decision to buy a house, so what’s the next step? How should physicians acquire a mortgage? What is the difference between a preferred lender vs. a standard bank loan? What type of loan is the best option for a physician? Tune in to learn the seven recommended steps for physicians in the home buying process that, with planning and preparation, can help physicians get the best mortgage. ASK A QUESTION Send your questions about taxes, investing, extra money, retirement, college and financial parenting to podcast@physicianfamily.com or call the Physician Family Answer Line at (503) 308-8733. IN THIS EPISODE <ul> <li>[01:50] The first of seven steps to guide physicians in the right direction when looking to buy a house. </li> <li>[04:00] How can a physician know how much they can or should spend on a house? </li> <li>[06:55] How to find the right lender. </li> <li>[12:00] The reason most real estate agents insist buyers work with their preferred lenders. </li> <li>[15:24] What is a physician loan and is it the right choice? </li> <li>[20:26] What to do and what not to do when working with a broker. </li> <li>[26:39] The shopping and home buying processes. </li> </ul> NOTICE Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation.  Past performance is not indicative of future performance.

Your First Physician Mortgage: How does it work?

Most physicians–even those well into their career as an attending–will face decisions about student loans. What is the difference between refinancing and consolidating student loans and which one is better? What should physicians consider before they refinance their student loans? Are lower interest loans actually worth it? Should physicians pay one debt off at a time or pay smaller amounts towards all their debts over time? Tune in to learn why it may not be the best option for physicians to refinance their student loans.    ASK A QUESTION   Send your questions about taxes, investing, extra money, retirement, college and financial parenting to podcast@physicianfamily.com or call the Physician Family Answer Line at (503) 308-8733.   IN THIS EPISODE    [02:29] What are opportunity costs and how does this apply to student loans? [04:58] The difference between refinancing and consolidating student loans. [06:16] There is more to refinancing than a better rate.  [11:00] Consider this before refinancing student loans.  [19:46] Why a high interest loan isn’t necessarily a deal breaker. [20:56] How to know when to refinance and what to consider.  [26:57] A balanced approach to paying off debt vs. focusing on one financial element at a time. [29:20] A physician’s financial situation is very different from the average person. [30:41] Should a physician refinance their student loans?     NOTICE   Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation.  Past performance is not indicative of future performance.

Most physicians–even those well into their career as an attending–will face decisions about student loans. What is the difference between refinancing and consolidating student loans and which one is better? What should physicians consider before they refinance their student loans? Are lower interest loans actually worth it? Should physicians pay one debt off at a time or pay smaller amounts towards all their debts over time? Tune in to learn why it may not be the best option for physicians to refinance their student loans.  ASK A QUESTION Send your questions about taxes, investing, extra money, retirement, college and financial parenting to podcast@physicianfamily.com or call the Physician Family Answer Line at (503) 308-8733. IN THIS EPISODE <ul> <li>[02:29] What are opportunity costs and how does this apply to student loans?</li> <li>[04:58] The difference between refinancing and consolidating student loans.</li> <li>[06:16] There is more to refinancing than a better rate. </li> <li>[11:00] Consider this before refinancing student loans. </li> <li>[19:46] Why a high interest loan isn’t necessarily a deal breaker.</li> <li>[20:56] How to know when to refinance and what to consider. </li> <li>[26:57] A balanced approach to paying off debt vs. focusing on one financial element at a time.</li> <li>[29:20] A physician’s financial situation is very different from the average person.</li> <li>[30:41] Should a physician refinance their student loans? </li> </ul> NOTICE Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation.  Past performance is not indicative of future performance.

Why Physicians Should NOT Refinance Student Loans

Changing jobs is common for physicians, but is money the main motivator? What are some other driving factors that lead physicians to change jobs? What if a new job requires a physician to move their family across the country to a city they’ve never been to and what types of factors should a physician consider if they are offered a new position? Tune in to learn why a giant sign-on bonus for an unfavorable position is not worth a physician’s quality of life. It is possible for physicians to find a healthy balance between work, life, and finances.    ASK A QUESTION   Send your questions about taxes, investing, extra money, retirement, college and financial parenting to podcast@physicianfamily.com or call the Physician Family Answer Line at (503) 308-8733.   IN THIS EPISODE    [02:16] Is money a huge motivator for a physician to change jobs? [05:00] Real-life examples of physicians changing jobs and the motivating factors behind the changes. [10:07] It’s important to find a healthy balance between life, work, and finances. [12:27] What to consider when taking steps toward a more sustainable life.  [17:29] Why if physicians consider a job change, they should seek advice from a third party.  [19:19] An example of how changing jobs can improve quality of life for a physician.    NOTICE   Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation.  Past performance is not indicative of future performance.

Changing jobs is common for physicians, but is money the main motivator? What are some other driving factors that lead physicians to change jobs? What if a new job requires a physician to move their family across the country to a city they’ve never been to and what types of factors should a physician consider if they are offered a new position? Tune in to learn why a giant sign-on bonus for an unfavorable position is not worth a physician’s quality of life. It is possible for physicians to find a healthy balance between work, life, and finances.  ASK A QUESTION Send your questions about taxes, investing, extra money, retirement, college and financial parenting to podcast@physicianfamily.com or call the Physician Family Answer Line at (503) 308-8733. IN THIS EPISODE <ul> <li>[02:16] Is money a huge motivator for a physician to change jobs?</li> <li>[05:00] Real-life examples of physicians changing jobs and the motivating factors behind the changes.</li> <li>[10:07] It’s important to find a healthy balance between life, work, and finances.</li> <li>[12:27] What to consider when taking steps toward a more sustainable life. </li> <li>[17:29] Why if physicians consider a job change, they should seek advice from a third party. </li> <li>[19:19] An example of how changing jobs can improve quality of life for a physician.</li> </ul> NOTICE Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation.  Past performance is not indicative of future performance.

Changing Jobs: How To Make Your Physician Family Work Better

Emergency funds are essential for unexpected events that happen in life. Every physician should have one, but how much money should be in that emergency fund? What constitutes an emergency and what doesn’t? Should physicians worry about an emergency fund if they are trying to pay off debt or buy a house and what is the best type of account for an emergency fund? Listen in to learn about S.A.F.E. Money and how it applies to emergency funds for physicians. Find peace of mind knowing you’re prepared for the big unexpected financial events in your life.   ASK A QUESTION   Send your questions about taxes, investing, extra money, retirement, college and financial parenting to podcast@physicianfamily.com or call the Physician Family Answer Line at (503) 308-8733.   IN THIS EPISODE  [02:08] Why physicians should have non-emergency reserves that are separate from their emergency fund.  [05:16] How much should a physician have in their emergency fund?  [10:29] What an emergency fund can “buy.” [14:44] How to build an emergency fund among debt and other financial goals.  [19:00] How to address inflation.  [21:36] The pros and cons of IUS Savings Bonds.  [24:38] What is S.A.F.E. Money?    NOTICE   Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation.  Past performance is not indicative of future performance.

Emergency funds are essential for unexpected events that happen in life. Every physician should have one, but how much money should be in that emergency fund? What constitutes an emergency and what doesn’t? Should physicians worry about an emergency fund if they are trying to pay off debt or buy a house and what is the best type of account for an emergency fund? Listen in to learn about S.A.F.E. Money and how it applies to emergency funds for physicians. Find peace of mind knowing you’re prepared for the big unexpected financial events in your life. ASK A QUESTION Send your questions about taxes, investing, extra money, retirement, college and financial parenting to podcast@physicianfamily.com or call the Physician Family Answer Line at (503) 308-8733. IN THIS EPISODE <ul> <li>[02:08] Why physicians should have non-emergency reserves that are separate from their emergency fund. </li> <li>[05:16] How much should a physician have in their emergency fund? </li> <li>[10:29] What an emergency fund can “buy.”</li> <li>[14:44] How to build an emergency fund among debt and other financial goals. </li> <li>[19:00] How to address inflation. </li> <li>[21:36] The pros and cons of IUS Savings Bonds. </li> <li>[24:38] What is S.A.F.E. Money?</li> </ul> NOTICE Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation.  Past performance is not indicative of future performance.

S.A.F.E. Money: Your Physician Family Emergency Fund

Index Funds have numerous benefits for overtaxed doctors. But what is an index fund?  Should doctors invest in index funds or keep their taxable account? What makes index funds different and what if a doctor wishes to sell their taxable accounts to invest in an index fund? Tune in for insight into how doctors can analyze their investment accounts and learn when it’s worth it to invest in an index fund.    ASK A QUESTION   Send your questions about taxes, investing, extra money, retirement, college and financial parenting to podcast@physicianfamily.com or call the Physician Family Answer Line at (503) 308-8733.   IN THIS EPISODE    [02:26] A breakdown of taxable events.   [05:00] What you get when you buy an index fund.   [06:20] Watch what happens in your taxable account, it can make a big difference on your tax bill.   [10:05] Three steps to analyze what you have in your taxable account.   [14:38] A plan to repair a taxable account. [18:22] How to decide when it is worth it to sell security that is not an index fund to buy an index fund.     NOTICE   Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation.  Past performance is not indicative of future performance.

Index Funds have numerous benefits for overtaxed doctors. But what is an index fund?  Should doctors invest in index funds or keep their taxable account? What makes index funds different and what if a doctor wishes to sell their taxable accounts to invest in an index fund? Tune in for insight into how doctors can analyze their investment accounts and learn when it’s worth it to invest in an index fund.  ASK A QUESTION Send your questions about taxes, investing, extra money, retirement, college and financial parenting to podcast@physicianfamily.com or call the Physician Family Answer Line at (503) 308-8733. IN THIS EPISODE <ul> <li>[02:26] A breakdown of taxable events.  </li> <li>[05:00] What you get when you buy an index fund.  </li> <li>[06:20] Watch what happens in your taxable account, it can make a big difference on your tax bill.  </li> <li>[10:05] Three steps to analyze what you have in your taxable account.  </li> <li>[14:38] A plan to repair a taxable account.</li> <li>[18:22] How to decide when it is worth it to sell security that is not an index fund to buy an index fund. </li> </ul> NOTICE Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation.  Past performance is not indicative of future performance.

Index Funds: Better investing for overtaxed doctors

Backdoor Roths are useful, tax-free strategies for physicians to invest in their futures. But what exactly is a Backdoor Roth and how does it differ from a traditional IRA account? Does ‘Backdoor’ mean it’s illegal? Can everyone set up a Backdoor Roth? Tune in to learn how you can set up a Backdoor Roth IRA. If set up early, Backdoor Roth IRAs have the potential to drastically impact a physician’s tax-free savings for retirement.    ASK A QUESTION   Send your questions about taxes, investing, extra money, retirement, college and financial parenting to podcast@physicianfamily.com or call the Physician Family Answer Line at (503) 308-8733.   IN THIS EPISODE    03:11] Do physicians make too much to contribute to a traditional IRA?   [05:40] How can physicians move money from a traditional IRA account to a Roth IRA account?   [10:17] What are the steps necessary for an IRA account with no basis?   [12:40] Can a stay-at-home spouse contribute directly to a Roth IRA?   [16:14] A shocking number of physicians do not know what a Roth IRA is.      NOTICE   Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation.  Past performance is not indicative of future performance.

Backdoor Roths are useful, tax-free strategies for physicians to invest in their futures. But what exactly is a Backdoor Roth and how does it differ from a traditional IRA account? Does ‘Backdoor’ mean it’s illegal? Can everyone set up a Backdoor Roth? Tune in to learn how you can set up a Backdoor Roth IRA. If set up early, Backdoor Roth IRAs have the potential to drastically impact a physician’s tax-free savings for retirement.  ASK A QUESTION Send your questions about taxes, investing, extra money, retirement, college and financial parenting to podcast@physicianfamily.com or call the Physician Family Answer Line at (503) 308-8733. IN THIS EPISODE <ul> <li>03:11] Do physicians make too much to contribute to a traditional IRA?  </li> <li>[05:40] How can physicians move money from a traditional IRA account to a Roth IRA account?  </li> <li>[10:17] What are the steps necessary for an IRA account with no basis?  </li> <li>[12:40] Can a stay-at-home spouse contribute directly to a Roth IRA?  </li> <li>[16:14] A shocking number of physicians do not know what a Roth IRA is.  </li> </ul> NOTICE Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation.  Past performance is not indicative of future performance.

Backdoor Roth: Tax-Free Retirement for Doctors

What was once a privilege in the past, college seems more like a necessity in today’s society. And a plan to save for college takes discipline, however, it is a worthwhile investment.  So, how should physicians prepare to pay for college? Realistically, how much does college cost? What types of accounts are best for saving for education and should physicians expect their child to pay their way through college? Tune in to make sure you don’t miss out on a big college tax savings break, it could save you thousands!   ASK A QUESTION    Send your questions about taxes, investing, extra money, retirement, college, and financial parenting to podcast@physicianfamily.com or call the Physician Family Answer Line at (503) 308-8733.   IN THIS EPISODE     [00:50] What are most physicians doing to prepare for college today?  [04:25] Why it is not realistic to expect a college student to fully pay their way.   [10:55] The average amount college costs.  [17:55] Are UTMA’s a good option for saving for college?  [21:56] Why a 529 account is a better option for saving for college.  [28:09] The benefit of merit aid when considering private college.     NOTICE   Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation.  Past performance is not indicative of future performance.

What was once a privilege in the past, college seems more like a necessity in today’s society. And a plan to save for college takes discipline, however, it is a worthwhile investment.  So, how should physicians prepare to pay for college? Realistically, how much does college cost? What types of accounts are best for saving for education and should physicians expect their child to pay their way through college? Tune in to make sure you don’t miss out on a big college tax savings break, it could save you thousands! ASK A QUESTION  Send your questions about taxes, investing, extra money, retirement, college, and financial parenting to podcast@physicianfamily.com or call the Physician Family Answer Line at (503) 308-8733. IN THIS EPISODE  <ul> <li>[00:50] What are most physicians doing to prepare for college today? </li> <li>[04:25] Why it is not realistic to expect a college student to fully pay their way.  </li> <li>[10:55] The average amount college costs. </li> <li>[17:55] Are UTMA’s a good option for saving for college? </li> <li>[21:56] Why a 529 account is a better option for saving for college. </li> <li>[28:09] The benefit of merit aid when considering private college. </li> </ul> NOTICE Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation.  Past performance is not indicative of future performance.

What are most physicians doing about college?

Bitcoin has grown both in popularity and in value, but should doctors invest in Bitcoin? Are cryptocurrencies a safe investment? Is Bitcoin a diversified investment? What if a doctor just wanted to purchase a tiny stake in Bitcoin, would that be a worthwhile investment? Tune in to learn if Bitcoin belongs in the portfolio of a serious physician family investor or if you should pass up this current trend.   ASK A QUESTION   Send your questions about taxes, investing, extra money, retirement, college, and financial parenting to podcast@physicianfamily.com or call the Physician Family Answer Line at (503) 308-8733.   IN THIS EPISODE     [00:38] What is cryptocurrency and why is it important?  [03:52] Is cryptocurrency a safe investment?  [06:41] Recommendations for purchasing cryptocurrencies.  [08:24] Why cryptocurrency is not a diversified investment.      NOTICE   Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation.  Past performance is not indicative of future performance.

Bitcoin has grown both in popularity and in value, but should doctors invest in Bitcoin? Are cryptocurrencies a safe investment? Is Bitcoin a diversified investment? What if a doctor just wanted to purchase a tiny stake in Bitcoin, would that be a worthwhile investment? Tune in to learn if Bitcoin belongs in the portfolio of a serious physician family investor or if you should pass up this current trend. ASK A QUESTION Send your questions about taxes, investing, extra money, retirement, college, and financial parenting to podcast@physicianfamily.com or call the Physician Family Answer Line at (503) 308-8733. IN THIS EPISODE  <ul> <li>[00:38] What is cryptocurrency and why is it important? </li> <li>[03:52] Is cryptocurrency a safe investment? </li> <li>[06:41] Recommendations for purchasing cryptocurrencies. </li> <li>[08:24] Why cryptocurrency is not a diversified investment.</li> </ul> NOTICE Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation.  Past performance is not indicative of future performance.

Should doctors buy Bitcoin?

As a physician, preparation for a disability is a must. So, how do you prepare for a disability?  Will group coverage be enough to get you and your family through a disability? How much should a physician save for an emergency fund? Listen to learn what you should do if you still owe money on student loans and become disabled and what kind of policy you should choose.  An emergency can upend a physician's life, be better prepared now and have peace of mind if an emergency strikes.     ASK A QUESTION   Send your questions about taxes, investing, extra money, retirement, college and financial parenting to podcast@physicianfamily.com or call the Physician Family Answer Line at (503) 308-8733.   IN THIS EPISODE    [00:56] Why physicians should have disability insurance.   [03:03] How to pay for disability insurance? [05:04] Different ways to buy disability insurance.   [08:12] Is a group policy enough insurance for a physician?   [10:38] What is Own Occupation Policy? [13:24] How much should a physician’s emergency fund be?   [20:10] What does it cost for a physician to get through a month?   [22:00] If a physician wants to be prepared for a disability, this needs to happen.     NOTICE   Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation.  Past performance is not indicative of future performance.

As a physician, preparation for a disability is a must. So, how do you prepare for a disability?  Will group coverage be enough to get you and your family through a disability? How much should a physician save for an emergency fund? Listen to learn what you should do if you still owe money on student loans and become disabled and what kind of policy you should choose.  An emergency can upend a physician's life, be better prepared now and have peace of mind if an emergency strikes.   ASK A QUESTION Send your questions about taxes, investing, extra money, retirement, college and financial parenting to podcast@physicianfamily.com or call the Physician Family Answer Line at (503) 308-8733. IN THIS EPISODE <ul> <li>[00:56] Why physicians should have disability insurance.  </li> <li>[03:03] How to pay for disability insurance?</li> <li>[05:04] Different ways to buy disability insurance.  </li> <li>[08:12] Is a group policy enough insurance for a physician?  </li> <li>[10:38] What is Own Occupation Policy?</li> <li>[13:24] How much should a physician’s emergency fund be?  </li> <li>[20:10] What does it cost for a physician to get through a month?  </li> <li>[22:00] If a physician wants to be prepared for a disability, this needs to happen. </li> </ul> NOTICE Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation.  Past performance is not indicative of future performance.

How should physicians prepare for a disability?

As a physician mom or dad, you put everything into your practice and your kids and you want to make sure you’ll have enough for retirement some day. But work and family soak up most of your time and energy, so the last thing you want to do is sit down and dig through the ever-changing world of investment options and tax laws to find out what you’re missing and figure out what to do with your extra money.Join hosts W. Ben Utley and Nate Reineke, two Certified Financial Planner™ professionals on a mission to turn your worries about taxes, investments and extra money into a lifelong feeling of financial security. Together, we’ll tackle the top issues you’ll face as you invest for retirement, save for college and strive to protect your family from uncertainty.Subscribe now, then visit https://physicianfamily.com/podcast to learn more.

Whether it’s a buyout, a bonus, an inheritance or even the gradual piling up of cash in your bank account, many physicians are wondering what to do with a large chunk of money. Should you invest it? Pay down debt? Save for college? Or use it as a cushion for a job change? Even if you haven’t hit the extra million mark, you need a plan to make the most of it. Listen now for a discussion on emergency funds, paying off student loans and mortgages, and other scenarios for how you can spend or save that extra cash. Whether it’s $25,000, $250,000 or even a million dollars, you’ll learn something in this episode to make a better decision.   ASK A QUESTION    Send your questions about taxes, investing, extra money, retirement, college and financial parenting to podcast@physicianfamily.com or call the Physician Family Answer Line at (503) 308-8733.   IN THIS EPISODE     [01:02] Examples of how doctors have accumulated extra funds.   [03:10] What to consider when you have extra money, regardless of how much it is.   [06:00] What is the “anchoring effect” and how can it affect bank balances? [08:35] Ways doctors can spend their extra money.   [14:10] What to consider when trying to pay off student loans.  [16:28] How to determine whether or not to pay off a mortgage.  [21:00] What most people do once they are debt free.     NOTICE    Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.

Whether it’s a buyout, a bonus, an inheritance or even the gradual piling up of cash in your bank account, many physicians are wondering what to do with a large chunk of money. Should you invest it? Pay down debt? Save for college? Or use it as a cushion for a job change? Even if you haven’t hit the extra million mark, you need a plan to make the most of it. Listen now for a discussion on emergency funds, paying off student loans and mortgages, and other scenarios for how you can spend or save that extra cash. Whether it’s $25,000, $250,000 or even a million dollars, you’ll learn something in this episode to make a better decision. ASK A QUESTION  Send your questions about taxes, investing, extra money, retirement, college and financial parenting to podcast@physicianfamily.com or call the Physician Family Answer Line at (503) 308-8733. IN THIS EPISODE  <ul> <li>[01:02] Examples of how doctors have accumulated extra funds.  </li> <li>[03:10] What to consider when you have extra money, regardless of how much it is.  </li> <li>[06:00] What is the “anchoring effect” and how can it affect bank balances?</li> <li>[08:35] Ways doctors can spend their extra money.  </li> <li>[14:10] What to consider when trying to pay off student loans. </li> <li>[16:28] How to determine whether or not to pay off a mortgage. </li> <li>[21:00] What most people do once they are debt free. </li> </ul> NOTICE  Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.

What should doctor's do with an extra $1,000,000?

As a physician, have you felt an obligation to save large amounts of money to give your children when they’ve become an adult or graduated college? This gesture may seem like a no-brainer, an act you’ve never questioned. It’s led to the excitement you’ve felt as you’ve thought of this gesture of giving to your children. And while it’s easy to only dream of the fantastical outcome you’ve conjured in your head, did you prepare yourself for all possible outcomes that can happen from this gift? This gift may have more layers to it than you’ve imagined. That’s why you need to listen today to learn why the gift of money may not be a good strategy to show love to your children. You’ll also discover the most valuable thing you as a parent can provide to your child.   ASK A QUESTION   Send your questions about taxes, investing, extra money, retirement, college and financial parenting to podcast@physicianfamily.com or call the Physician Family Answer Line at (503) 308-8733.   IN THIS EPISODE    [00:25] Where did the idea that parents leave their children money come from? [01:46] Why you shouldn’t leave your child money to show love.   [04:00] Why the intended outcome to leave someone money matters.   [06:39] Should physician parents leave money to their children to prevent the same struggles they experienced?   [09:57] Why humans need to struggle.     [14:58] Why it’s important for physician parents to foster safe failure for their children.   [18:49] The most valuable things a parent can give a child.   [21:02] The main difference between leaving a child money and saving for their college education.     NOTICE   Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation.  Past performance is not indicative of future performance.

As a physician, have you felt an obligation to save large amounts of money to give your children when they’ve become an adult or graduated college? This gesture may seem like a no-brainer, an act you’ve never questioned. It’s led to the excitement you’ve felt as you’ve thought of this gesture of giving to your children. And while it’s easy to only dream of the fantastical outcome you’ve conjured in your head, did you prepare yourself for all possible outcomes that can happen from this gift? This gift may have more layers to it than you’ve imagined. That’s why you need to listen today to learn why the gift of money may not be a good strategy to show love to your children. You’ll also discover the most valuable thing you as a parent can provide to your child. ASK A QUESTION Send your questions about taxes, investing, extra money, retirement, college and financial parenting to podcast@physicianfamily.com or call the Physician Family Answer Line at (503) 308-8733. IN THIS EPISODE <ul> <li>[00:25] Where did the idea that parents leave their children money come from?</li> <li>[01:46] Why you shouldn’t leave your child money to show love.  </li> <li>[04:00] Why the intended outcome to leave someone money matters.  </li> <li>[06:39] Should physician parents leave money to their children to prevent the same struggles they experienced?  </li> <li>[09:57] Why humans need to struggle.    </li> <li>[14:58] Why it’s important for physician parents to foster safe failure for their children.  </li> <li>[18:49] The most valuable things a parent can give a child.  </li> <li>[21:02] The main difference between leaving a child money and saving for their college education. </li> </ul> NOTICE Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation.  Past performance is not indicative of future performance.

Should doctors give their kids money?

As a physician, are you and your partner confident with the finances in your marriage? Are you sure you're confident? Let’s test that! Which of these scenarios best describes your financial marriage circumstances? You and your partner don’t see eye to eye. One consistently drags the other to the financial “finish line” with only their financial goals in mind, while the other is hung out to dry. Or, do you both walk stride for stride to the finish line, assured you’re both on the same page with your financial goals? If you didn’t answer the latter, what can you do to improve your financial marriage? Listen now for an informed discussion on how to approach a successful financial conversation with your spouse to ensure both parties cross the financial “finish line” equally, hand-in-hand.   ASK A QUESTION    Send your questions about taxes, investing, extra money, retirement, college and financial parenting to podcast@physicianfamily.com or call the Physician Family Answer Line at (503) 308-8733.   IN THIS EPISODE     [02:09] Why it’s important for both partners in a marriage to be on the same page about their money goals.   [09:35] How personal values can play into financial planning in a marriage.   [12:25] How to find balance between being a team and having independence in different areas is important.    [19:52] There can be balance in financial decisions by the use of both logic and emotions.   [22:04] Check-ins between partners don’t have to only be about money.  Designate a time to check in and connect.   [26:14] Money goals change, so how can partners approach those changes?   [30:02] Every couple has unique problems. It’s important for partners to focus on how to build solutions that work for both parties.    NOTICE    Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.

As a physician, are you and your partner confident with the finances in your marriage? Are you sure you're confident? Let’s test that! Which of these scenarios best describes your financial marriage circumstances? You and your partner don’t see eye to eye. One consistently drags the other to the financial “finish line” with only their financial goals in mind, while the other is hung out to dry. Or, do you both walk stride for stride to the finish line, assured you’re both on the same page with your financial goals? If you didn’t answer the latter, what can you do to improve your financial marriage? Listen now for an informed discussion on how to approach a successful financial conversation with your spouse to ensure both parties cross the financial “finish line” equally, hand-in-hand. ASK A QUESTION  Send your questions about taxes, investing, extra money, retirement, college and financial parenting to podcast@physicianfamily.com or call the Physician Family Answer Line at (503) 308-8733. IN THIS EPISODE  <ul> <li>[02:09] Why it’s important for both partners in a marriage to be on the same page about their money goals.  </li> <li>[09:35] How personal values can play into financial planning in a marriage.  </li> <li>[12:25] How to find balance between being a team and having independence in different areas is important.   </li> <li>[19:52] There can be balance in financial decisions by the use of both logic and emotions.  </li> <li>[22:04] Check-ins between partners don’t have to only be about money.  Designate a time to check in and connect.  </li> <li>[26:14] Money goals change, so how can partners approach those changes?  </li> <li>[30:02] Every couple has unique problems. It’s important for partners to focus on how to build solutions that work for both parties.</li> </ul> NOTICE  Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.

How can doctors improve their financial marriage?

For physicians, retirement may be little more than a byproduct of a life well-lived since the work you do can bring meaning and purpose to your everyday existence. Still, it's a good idea to give some thought to life after medicine, and even ask how much you should be saving for retirement. Given the complexities, it's easy to reach for a rule of thumb about saving but that might not be the best approach. Tune in as we answer a listener's question about how much to save. We'll explore how your unique situation should determine how you answer the question for yourself and your family.   ASK A QUESTION   Send your questions about taxes, investing, extra money, retirement, college and financial parenting to podcast@physicianfamily.com or call the Physician Family Answer Line at (503) 308-8733.   IN THIS EPISODE    [01:10] How much should doctors save for retirement?   [01:48] Why it’s important for doctors to find their number for their retirement goals.   [08:33] Many retirees have goals to travel.  How would those goals impact their necessary savings?   [10:40] How can housing affect retirement savings?   [11:18] Many doctors forget to consider healthcare costs when they create their retirement plan.   [12:42] Family plays a huge factor in savings rates for retirement plans.   [15:49] Where did the standard “20%” come from?   [19:59] When you start to save for retirement and when you consider what retirement will be like those are two very different things.    NOTICE   Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation.  Past performance is not indicative of future performance.

For physicians, retirement may be little more than a byproduct of a life well-lived since the work you do can bring meaning and purpose to your everyday existence. Still, it's a good idea to give some thought to life after medicine, and even ask how much you should be saving for retirement. Given the complexities, it's easy to reach for a rule of thumb about saving but that might not be the best approach. Tune in as we answer a listener's question about how much to save. We'll explore how your unique situation should determine how you answer the question for yourself and your family. ASK A QUESTION Send your questions about taxes, investing, extra money, retirement, college and financial parenting to podcast@physicianfamily.com or call the Physician Family Answer Line at (503) 308-8733. IN THIS EPISODE <ul> <li>[01:10] How much should doctors save for retirement?  </li> <li>[01:48] Why it’s important for doctors to find their number for their retirement goals.  </li> <li>[08:33] Many retirees have goals to travel.  How would those goals impact their necessary savings?  </li> <li>[10:40] How can housing affect retirement savings?  </li> <li>[11:18] Many doctors forget to consider healthcare costs when they create their retirement plan.  </li> <li>[12:42] Family plays a huge factor in savings rates for retirement plans.  </li> <li>[15:49] Where did the standard “20%” come from?  </li> <li>[19:59] When you start to save for retirement and when you consider what retirement will be like those are two very different things.</li> </ul> NOTICE Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation.  Past performance is not indicative of future performance.

How much should doctors save for retirement?

You conquered a big goal when you became a doctor, so setting financial goals should come easy to you, right? Maybe not. A goal that’s not specific, measurable, attainable, rewarding, and timely is just a dream. So, how specific do goals need to be for them to come true for you?  Listen for a discussion about goals versus intentions, accountability partners, and how to build good habits. Learn how you as a physician can use these concepts to your advantage to set achievable goals. Tune in to turn your dreams into goals, and your goals into results for your family.   ASK A QUESTION   Send your questions about taxes, investing, extra money, retirement, college and financial parenting to podcast@physicianfamily.com or call the Physician Family Answer Line at (503) 308-8733.   IN THIS EPISODE    [00:21] What is a goal? [02:43] How intentions differ from goals. [04:39] How to set a goal when you can’t get specific enough about your goal. [08:07] How mental images can help to set a goal.   [09:59] Physicians with financial goals should designate an accountability partner.   [12:26] What are the alternatives for people who cannot make progress to set or define a goal? [15:55] The five cornerstone habits - the habits to support all other habits. [16:50] Why habits and goals are different. [20:28] Long term SMART goals can be paired down to fit into everyday life. They can help you say no to the wrong opportunities and yes to the right opportunities.   [22:55] Should doctors bother to set financial goals?      NOTICE   Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation.  Past performance is not indicative of future performance.

You conquered a big goal when you became a doctor, so setting financial goals should come easy to you, right? Maybe not. A goal that’s not specific, measurable, attainable, rewarding, and timely is just a dream. So, how specific do goals need to be for them to come true for you?  Listen for a discussion about goals versus intentions, accountability partners, and how to build good habits. Learn how you as a physician can use these concepts to your advantage to set achievable goals. Tune in to turn your dreams into goals, and your goals into results for your family. ASK A QUESTION Send your questions about taxes, investing, extra money, retirement, college and financial parenting to podcast@physicianfamily.com or call the Physician Family Answer Line at (503) 308-8733. IN THIS EPISODE <ul> <li>[00:21] What is a goal?</li> <li>[02:43] How intentions differ from goals.</li> <li>[04:39] How to set a goal when you can’t get specific enough about your goal.</li> <li>[08:07] How mental images can help to set a goal.  </li> <li>[09:59] Physicians with financial goals should designate an accountability partner.  </li> <li>[12:26] What are the alternatives for people who cannot make progress to set or define a goal?</li> <li>[15:55] The five cornerstone habits - the habits to support all other habits.</li> <li>[16:50] Why habits and goals are different.</li> <li>[20:28] Long term SMART goals can be paired down to fit into everyday life. They can help you say no to the wrong opportunities and yes to the right opportunities.  </li> <li>[22:55] Should doctors bother to set financial goals?  </li> </ul> NOTICE Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation.  Past performance is not indicative of future performance.

Should doctors bother to set financial goals?

Doctors are smart people, and personal finance isn't rocket surgery, so you might be curious about whether you really need a financial advisor or not. A good advisor can help you get a better outcome and a great one can make a huge difference in your life. But what if you have what it takes to be your own best financial advisor? You can skip the hassle, expense and potential frustrations of hiring one. Have you got what it takes? Listen in to hear the four ingredients you need to do things right when you do it yourself.   ASK A QUESTION   Send your questions about taxes, investing, extra money, retirement, college and financial parenting to podcast@physicianfamily.com or call the Physician Family Answer Line at (503) 308-8733.   IN THIS EPISODE    [ 00:36 ] What are financial advisors? [ 01:30 ] What distinguishes a good financial advisor from a bad financial advisor? [ 03:00 ] Certified Financial Planner (CFP®) credentials. [ 04:15 ] What it looks like to have skill in personal finance. [ 07:35 ] The cost of mistakes in finance. [ 09:55 ] The importance of energy in personal finance. [ 12:44 ] A story to discover personal financial knowledge and how you can become skilled in personal finance. [ 16:46 ] Have a question you want answered? How to get your question featured on the podcast.    NOTICE   Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation.  Past performance is not indicative of future performance.

Doctors are smart people, and personal finance isn't rocket surgery, so you might be curious about whether you really need a financial advisor or not. A good advisor can help you get a better outcome and a great one can make a huge difference in your life. But what if you have what it takes to be your own best financial advisor? You can skip the hassle, expense and potential frustrations of hiring one. Have you got what it takes? Listen in to hear the four ingredients you need to do things right when you do it yourself. ASK A QUESTION Send your questions about taxes, investing, extra money, retirement, college and financial parenting to podcast@physicianfamily.com or call the Physician Family Answer Line at (503) 308-8733. IN THIS EPISODE <ul> <li>[ 00:36 ] What are financial advisors?</li> <li>[ 01:30 ] What distinguishes a good financial advisor from a bad financial advisor?</li> <li>[ 03:00 ] Certified Financial Planner (CFP®) credentials.</li> <li>[ 04:15 ] What it looks like to have skill in personal finance.</li> <li>[ 07:35 ] The cost of mistakes in finance.</li> <li>[ 09:55 ] The importance of energy in personal finance.</li> <li>[ 12:44 ] A story to discover personal financial knowledge and how you can become skilled in personal finance.</li> <li>[ 16:46 ] Have a question you want answered? How to get your question featured on the podcast.</li> </ul> NOTICE Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation.  Past performance is not indicative of future performance.

Which doctors should NOT use a financial advisor?

As a doctor, does the word “budget” spark a sense of dread? Your days in Residency were the epitome of frugality but now that you’re an attending, the financial responsibilities have piled up. When you look at paying off your student loans, investing for retirement, saving for college, paying down your mortgage and even taking a vacation, you might begin to think you need a budget. If you don’t have one, does that mean your goals won’t become a reality? Maybe not. You know budgets are a plan to spend money and to manage day-to-day finances, but does a budget go beyond just the numbers? Listen for an informative discussion around the practical use for budgets. Learn about alternatives to a budget, how to make a savings plan, and the benefits of a wish list.   ASK A QUESTION   Send your questions about taxes, investing, extra money, retirement, college and financial parenting to podcast@physicianfamily.com or call the Physician Family Answer Line at (503) 308-8733.   IN THIS EPISODE    [00:34 ] What is a budget? [01:21] How do people budget?  [02:42] Is budgeting possible? [03:44] Why would you create a budget? [05:10] Why do doctors want to budget? [10:00] The savings mindset and how to create a savings plan. [13:00] What is the wishlist plan? [15:28] How the wishlist plan works. [20:25] Should doctors have a budget?    NOTICE   Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation.  Past performance is not indicative of future performance.

As a doctor, does the word “budget” spark a sense of dread? Your days in Residency were the epitome of frugality but now that you’re an attending, the financial responsibilities have piled up. When you look at paying off your student loans, investing for retirement, saving for college, paying down your mortgage and even taking a vacation, you might begin to think you need a budget. If you don’t have one, does that mean your goals won’t become a reality? Maybe not. You know budgets are a plan to spend money and to manage day-to-day finances, but does a budget go beyond just the numbers? Listen for an informative discussion around the practical use for budgets. Learn about alternatives to a budget, how to make a savings plan, and the benefits of a wish list. ASK A QUESTION Send your questions about taxes, investing, extra money, retirement, college and financial parenting to podcast@physicianfamily.com or call the Physician Family Answer Line at (503) 308-8733. IN THIS EPISODE <ul> <li>[00:34 ] What is a budget?</li> <li>[01:21] How do people budget? </li> <li>[02:42] Is budgeting possible?</li> <li>[03:44] Why would you create a budget?</li> <li>[05:10] Why do doctors want to budget?</li> <li>[10:00] The savings mindset and how to create a savings plan.</li> <li>[13:00] What is the wishlist plan?</li> <li>[15:28] How the wishlist plan works.</li> <li>[20:25] Should doctors have a budget?</li> </ul> NOTICE Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation.  Past performance is not indicative of future performance.

Should doctors have a budget?

Should doctors invest in passive income? Those two words spark curiosity in many doctors' minds, the elusive, “how can I make money without working?” But is passive income all it’s cracked up to be? Can it benefit you as a physician? Real estate investments sell as the passive income end-all, but that’s not the only option. Listen to an analysis of multiple types of passive income such as index funds, stocks &amp; bonds, diversification in real estate investments, and options for REITs (Real Estate Investment Trust) and learn why even these options may not be right for you and your family. This could change your perception of passive income for good!   ASK A QUESTION   Send your questions about taxes, investing, extra money, retirement, college and financial parenting to podcast@physicianfamily.com or call the Physician Family Answer Line at (503) 308-8733.   IN THIS EPISODE    [00:19 ] What is passive income? [01:52] Can a physician replace their income with passive income?  [04:39] Should physicians consider real estate investments as a source of passive income? [06:37] Real estate investment versus stocks and bonds; which is the better choice for true passive income? [10:12] The conflict of interest that surrounds real estate investments. [11:28] Why an index fund is a great option for passive income. [13:41] Diversification in real estate investments.  [16:14] Options for REITs (Real Estate Investment Trust). [18:12] Do physicians need passive income?    NOTICE   Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation.  Past performance is not indicative of future performance.

Should doctors invest in passive income? Those two words spark curiosity in many doctors' minds, the elusive, “how can I make money without working?” But is passive income all it’s cracked up to be? Can it benefit you as a physician? Real estate investments sell as the passive income end-all, but that’s not the only option. Listen to an analysis of multiple types of passive income such as index funds, stocks &amp; bonds, diversification in real estate investments, and options for REITs (Real Estate Investment Trust) and learn why even these options may not be right for you and your family. This could change your perception of passive income for good! ASK A QUESTION Send your questions about taxes, investing, extra money, retirement, college and financial parenting to podcast@physicianfamily.com or call the Physician Family Answer Line at (503) 308-8733. IN THIS EPISODE <ul> <li>[00:19 ] What is passive income?</li> <li>[01:52] Can a physician replace their income with passive income? </li> <li>[04:39] Should physicians consider real estate investments as a source of passive income?</li> <li>[06:37] Real estate investment versus stocks and bonds; which is the better choice for true passive income?</li> <li>[10:12] The conflict of interest that surrounds real estate investments.</li> <li>[11:28] Why an index fund is a great option for passive income.</li> <li>[13:41] Diversification in real estate investments. </li> <li>[16:14] Options for REITs (Real Estate Investment Trust).</li> <li>[18:12] Do physicians need passive income?</li> </ul> NOTICE Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation.  Past performance is not indicative of future performance.

Should doctors invest for passive income?

Should I rescue my child from money mistakes? Dr. Foster Cline, Adult and Child Psychologist and author of, Parenting with Love and Logic, joins us to discuss his concepts to teach children from a young age the value of money. Dr. Cline proposes we give our children responsibility with their money and allow them to make mistakes from which to learn and grow. Listen as we provide examples from our own lives on how to raise financially responsible children. This could provide you with the answer to your child and money worries!   ASK A QUESTION Send your questions about taxes, investing, extra money, retirement, college and financial parenting to podcast@physicianfamily.com or call the Physician Family Answer Line at (503) 308-8733.   IN THIS EPISODE    [01:30] Introduction to Dr. Foster Cline and his book, Parenting with Love and Logic. [03:38] Dr. Cline’s idea that in order to teach your children life lessons, that you as a parent should take thoughtful and reasonable risks to allow your children to fail. [08:00] Dr. Cline gave his children a small allowance and allowed them to spend as they saw fit to learn the importance of money from an early age. [14:30] How to frame choices and teach your children to make decisions on their own at different developmental milestones. [19:00] How to implement love and logic when your children are older that provides them more responsibility and how that can build on your parent/child relationship. [24:00] The importance as a parent to not appear perfect to your children. Dr. Cline encourages you to share financial mistakes you’ve made with your children and how you learned from those mistakes. [29:00] Advice on how to model the behavior and maintain a positive relationship with finances in front of your kids. [35:00] Should you rescue your child from their financial mistakes?    LINKS MENTIONED   Parenting With Love and Logic - https://www.amazon.com/Parenting-Love-Logic-Updated-Expanded/dp/1576839540 Dr. Cline’s Facebook - https://www.facebook.com/foster.cline.12   BIO   Foster Cline is an adult and child psychiatrist, Founder with Jim Fay of the Love and Logic Institute and author of many books and articles on Parenting. PARENTING WITH LOVE AND LOGIC BOOKS have sold over a million copies and have been translated into 6 languages. It is in its 36th printing and 3rd edition. Dr Cline has given workshops in almost all states and in most Western and Latin American Countries. He is retired and living with his wife of 61 years. His grandchildren now have their own Podcast on parenting. NUCLEAR PARENTING available on any podcast playlist.   NOTICE   Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation.  Past performance is not indicative of future performance.

Should I rescue my child from money mistakes? Dr. Foster Cline, Adult and Child Psychologist and author of, Parenting with Love and Logic, joins us to discuss his concepts to teach children from a young age the value of money. Dr. Cline proposes we give our children responsibility with their money and allow them to make mistakes from which to learn and grow. Listen as we provide examples from our own lives on how to raise financially responsible children. This could provide you with the answer to your child and money worries! ASK A QUESTION Send your questions about taxes, investing, extra money, retirement, college and financial parenting to podcast@physicianfamily.com or call the Physician Family Answer Line at (503) 308-8733. IN THIS EPISODE <ul> <li>[01:30] Introduction to Dr. Foster Cline and his book, Parenting with Love and Logic.</li> <li>[03:38] Dr. Cline’s idea that in order to teach your children life lessons, that you as a parent should take thoughtful and reasonable risks to allow your children to fail.</li> <li>[08:00] Dr. Cline gave his children a small allowance and allowed them to spend as they saw fit to learn the importance of money from an early age.</li> <li>[14:30] How to frame choices and teach your children to make decisions on their own at different developmental milestones.</li> <li>[19:00] How to implement love and logic when your children are older that provides them more responsibility and how that can build on your parent/child relationship.</li> <li>[24:00] The importance as a parent to not appear perfect to your children. Dr. Cline encourages you to share financial mistakes you’ve made with your children and how you learned from those mistakes.</li> <li>[29:00] Advice on how to model the behavior and maintain a positive relationship with finances in front of your kids.</li> <li>[35:00] Should you rescue your child from their financial mistakes?</li> </ul> LINKS MENTIONED Parenting With Love and Logic - <a href="https://www.amazon.com/Parenting-Love-Logic-Updated-Expanded/dp/1576839540" rel="nofollow" target="_blank">https://www.amazon.com/Parenting-Love-Logic-Updated-Expanded/dp/1576839540</a> Dr. Cline’s Facebook - <a href="https://www.facebook.com/foster.cline.12" rel="nofollow" target="_blank">https://www.facebook.com/foster.cline.12</a> BIO Foster Cline is an adult and child psychiatrist, Founder with Jim Fay of the Love and Logic Institute and author of many books and articles on Parenting. PARENTING WITH LOVE AND LOGIC BOOKS have sold over a million copies and have been translated into 6 languages. It is in its 36th printing and 3rd edition. Dr Cline has given workshops in almost all states and in most Western and Latin American Countries. He is retired and living with his wife of 61 years. His grandchildren now have their own Podcast on parenting. NUCLEAR PARENTING available on any podcast playlist. NOTICE Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation.  Past performance is not indicative of future performance.

Should I rescue my child from money mistakes?

What is PSLF, and is it worth it as an attending physician? PSLF stands for Public Service Loan Forgiveness, and we explain what you need to know about PSLF and if it is suitable for you as a physician. We use real-life examples and numbers to show the benefits of PSLF and deliver insights into what you can expect through the PSLF process. We will help clarify your Public Service Loan Forgiveness questions and guide you in whether or not you should take action to apply for PSLF. This could save you six-figures!   ASK A QUESTION Send your questions about taxes, investing, extra money, retirement, college and financial parenting to podcast@physicianfamily.com or call the Physician Family Answer Line at (503) 308-8733.   IN THIS EPISODE  [ 0:44 ] Should physicians bother with Public Service Loan Forgiveness? [ 3:34 ] To view money as a tangible object helps you better understand how you can save money when you go through the PSLF process.    [ 5:47 ] Is PSLF too good to be true? [ 10:00 ] The risk factor if you take advantage of Public Service Loan Forgiveness. [ 13:06 ] Who PSLF is for and who it isn’t for. [ 16:17 ] Conditions that are needed to qualify for PSLF. [ 23:01 ] What mistakes physicians make with their student loans. [ 27:14 ] If you change your loan payment plan, does it restart the clock on your PSLF qualified payments? [ 28:55 ] In conclusion, if you are an attending doctor, is PSLF worth it to you?    LINKS MENTIONED Get a quarter of a percent off of a refinance for loans at - https://www.sofi.com/multi/1739995/   NOTICE Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation.  Past performance is not indicative of future performance.

What is PSLF, and is it worth it as an attending physician? PSLF stands for Public Service Loan Forgiveness, and we explain what you need to know about PSLF and if it is suitable for you as a physician. We use real-life examples and numbers to show the benefits of PSLF and deliver insights into what you can expect through the PSLF process. We will help clarify your Public Service Loan Forgiveness questions and guide you in whether or not you should take action to apply for PSLF. This could save you six-figures! ASK A QUESTION Send your questions about taxes, investing, extra money, retirement, college and financial parenting to podcast@physicianfamily.com or call the Physician Family Answer Line at (503) 308-8733. IN THIS EPISODE <ul> <li>[ 0:44 ] Should physicians bother with Public Service Loan Forgiveness?</li> <li>[ 3:34 ] To view money as a tangible object helps you better understand how you can save money when you go through the PSLF process.   </li> <li>[ 5:47 ] Is PSLF too good to be true?</li> <li>[ 10:00 ] The risk factor if you take advantage of Public Service Loan Forgiveness.</li> <li>[ 13:06 ] Who PSLF is for and who it isn’t for.</li> <li>[ 16:17 ] Conditions that are needed to qualify for PSLF.</li> <li>[ 23:01 ] What mistakes physicians make with their student loans.</li> <li>[ 27:14 ] If you change your loan payment plan, does it restart the clock on your PSLF qualified payments?</li> <li>[ 28:55 ] In conclusion, if you are an attending doctor, is PSLF worth it to you?</li> </ul> LINKS MENTIONED Get a quarter of a percent off of a refinance for loans at - <a href="https://www.sofi.com/multi/1739995/" rel="nofollow" target="_blank">https://www.sofi.com/multi/1739995/</a> NOTICE Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation.  Past performance is not indicative of future performance.

Is PSLF worth it for an attending physician?

As a physician mom or dad, you put everything into your practice and your kids and you want to make sure you’ll have enough for retirement some day. But work and family soak up most of your time and energy, so the last thing you want to do is sit down and dig through the ever-changing world of investment options and tax laws to find out what you’re missing and figure out what to do with your extra money. Join hosts W. Ben Utley and Nate Reineke, two Certified Financial Planner™ professionals on a mission to turn your worries about taxes, investments and extra money into a lifelong feeling of financial security. Together, we’ll tackle the top issues you’ll face as you invest for retirement, save for college and strive to protect your family from uncertainty. Subscribe now, then visit <a href="https://physicianfamily.com/podcast" rel="nofollow" target="_blank">https://physicianfamily.com/podcast</a> to learn more.

Physician Family Financial Advisors Podcast

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