Physician Family Financial Advisors Podcast

Whether you are excited about the budget bill that just passed, or it causes you to be SALTy, we can all agree it's big, with 870 pages, and it's confusing. Listen in as Nate Reineke and Chelsea Jones dive into some of the changes this new bill brings and what those changes mean for physicians like you. From SALT deductions to PSLF to the Trump Savings Accounts, we'll break down what it all means for you and your family. And, be sure to listen to the end to hear what isn't changing, too. Are you ready to turn worries about taxes and investing into all the money you need for college and retirement? It's time to make a plan and get on track. To find out if we're a match visit physicianfamily.com and click get started or, you can ask a question of your own by emailing podcast@physicianfamily.com. See marketing disclosures at physicianfamily.com/disclosures

Even as a physician mom or dad, the thought of taking your kid to the ED can be scary. Lots of docs, especially self-employed docs, also dread the idea of taking on the IRS alone. If that's you, listen in as Nate Reineke and Ben Utley discuss tax strategies with Ken Eremita, CPA. From his office in Los Angeles, Ken offers tax planning, preparation, and hands-on bookkeeping services for self-employed physicians from coast to coast. We explore how marginal tax brackets work, how to keep FICA/payroll taxes in check, and one easy tax move medical practitioners still overlook, no matter how many times we talk about it on the show! Make sure to listen to the end to find out how tiny bookkeeping mistakes can cost big taxes in April. If you'd like to work with Ken, you can find him on his website, keneremita.com, or email him at info@keneremita.com Are you ready to turn worries about taxes and investing into all the money you need for college and retirement? It's time to make a plan and get on track. To find out if we're a match, visit physicianfamily.com and click get started, or you can ask a question of your own by emailing podcast@physicianfamily.com. See marketing disclosures at physicianfamily.com/disclosures

Happy 4th of July! Summer vacation is in full swing, but that doesn't mean financial planning is taking time off. Even though Ben and Nate are taking a much-deserved break, podcasts can't miss a week. This week is a special episode of Physician Family Finances. It features the guest appearance Ben Utley made on Kevin M.D. In this episode, Ben and Kevin talk about how physicians can find true happiness beyond wealth. They explore how doctors can escape the pressure of paying off debt while maintaining relationships with their families, define what “enough money” actually means, and find balance between financial success and personal fulfillment. Ben also wrote an article to accompany this episode! Check it out at this link. Are you ready to turn worries about taxes and investing into all the money you need for college and retirement? It's time to make a plan and get on track. To find out if we're a match, visit physicianfamily.com and click get started, or you can ask a question of your own by emailing podcast@physicianfamily.com. See marketing disclosures at physicianfamily.com/disclosures

Some tax strategies are fishier than others. This week, you'll hear about how things are going with Nate and his son's development as a fisherman, and we'll also tackle a somewhat fishy 401(k) question: can you, or SHOULD you, hire your spouse for your 401(k)? Like a fresh-caught fish, it's a slippery question with a tricky answer. You can also catch answers to your colleagues' questions from Ben Utley and Nate Reineke. Practice Buy-in: An Orthopedic surgeon in Oregon is anticipating a cash call buy-in and wants to know where they should get the funds from. Social Security: An Oregon Urologist is turning 70 in about 6 months (Happy early birthday). He wants to know if he can apply for Social Security even though he is still working. 401 (k) changes: A listener emailed with a 401 (k) question. Their 401(k) is changing from the more typical ETFs to a collective trust fund, and they want to know the pros and cons of this. Are you ready to turn worries about taxes and investing into all the money you need for college and retirement? It's time to make a plan and get on track. To find out if we're a match visit physicianfamily.com and click get started or, you can ask a question of your own by emailing podcast@physicianfamily.com. See marketing disclosures at physicianfamily.com/disclosure

ome tax strategies are fishier than others. This week, you'll hear about how things are going with Nate and his son's development as a fisherman, and we'll also tackle a somewhat fishy 401(k) question: can you, or SHOULD you, hire your spouse for your 401(k)? Like a fresh-caught fish, it's a slippery question with a tricky answer. You can also catch answers to your colleagues' questions from Ben Utley and Nate Reineke. Practice Buy-in: An Orthopedic surgeon in Oregon is anticipating a cash call buy-in and wants to know where they should get the funds from. Social Security: An Oregon Urologist is turning 70 in about 6 months (Happy early birthday). He wants to know if he can apply for Social Security even though he is still working. 401 (k) changes: A listener emailed with a 401 (k) question. Their 401(k) is changing from the more typical ETFs to a collective trust fund, and they want to know the pros and cons of this.Are you ready to turn worries about taxes and investing into all the money you need for college and retirement? It's time to make a plan and get on track. To find out if we're a match visit physicianfamily.com and click get started or, you can ask a question of your own by emailing podcast@physicianfamily.com. See marketing disclosures at physicianfamily.com/disclosure

To a child, a father is often their first hero and is always one of their first teachers. Parenting doesn't come with an instruction manual or a training period, so it can be easy to feel like you're flying, or rather parenting, blind. In this special Father's Day episode, Nate Reineke and Kyle Hoelzle chat about how they are raising their kids to understand the value of money, why delayed gratification can be a good thing, how hard work pays off, and the importance of saving. They also play a round of “teach me like I'm 5,” where they break down complicated financial terms, like credit and investing, in a way their 5-year-olds can understand. Are you ready to turn worries about taxes and investing into all the money you need for college and retirement? It's time to make a plan and get on track. To find out if we're a match visit physicianfamily.com and click get started or, you can ask a question of your own by emailing podcast@physicianfamily.com. See marketing disclosures at physicianfamily.com/disclosures

To a child, a father is often their first hero and is always one of their first teachers. Parenting doesn't come with an instruction manual or a training period, so it can be easy to feel like you're flying, or rather parenting, blind. In this special Father's Day episode, Nate Reineke and Kyle Hoelzle chat about how they are raising their kids to understand the value of money, why delayed gratification can be a good thing, how hard work pays off, and the importance of saving. They also play a round of “teach me like I'm 5,” where they break down complicated financial terms, like credit and investing, in a way their 5-year-olds can understand. Are you ready to turn worries about taxes and investing into all the money you need for college and retirement? It's time to make a plan and get on track. To find out if we're a match visit physicianfamily.com and click get started or, you can ask a question of your own by emailing podcast@physicianfamily.com. See marketing disclosures at physicianfamily.com/disclosures

Paperwork is boring, and we all try to avoid it. While estate planning is a lot of paperwork, it is a crucial part of making sure your children and family are taken care of after you're gone. Listen in as Nate Reineke and Ben Utley chat with special guest Christine Roberts, an estate planning attorney with a background in ERISA law and over 30 years of experience. She breaks down some common misconceptions and mistakes physicians make when setting up trusts and wills, and delves into how a good estate planning attorney can help you avoid pitfalls. They also look at control group rules and how physicians may be messing up their retirement plans without even realizing it. If you are in Santa Barbara, or California, and want to work with Christine, you can contact her at croberts@mullenlaw.com or (805) 966-1501 Are you ready to turn worries about taxes and investing into all the money you need for college and retirement? It's time to make a plan and get on track. To find out if we're a match visit physicianfamily.com and click get started or, you can ask a question of your own by emailing podcast@physicianfamily.com. See marketing disclosures at physicianfamily.com/disclosures

Paperwork is boring, and we all try to avoid it. While estate planning is a lot of paperwork, it is a crucial part of making sure your children and family are taken care of after you're gone. Listen in as Nate Reineke and Ben Utley chat with special guest Christine Roberts, an estate planning attorney with a background in ERISA law and over 30 years of experience. She breaks down some common misconceptions and mistakes physicians make when setting up trusts and wills, and delves into how a good estate planning attorney can help you avoid pitfalls. They also look at control group rules and how physicians may be messing up their retirement plans without even realizing it. If you are in Santa Barbara, or California, and want to work with Christine, you can contact her at croberts@mullenlaw.com or (805) 966-1501Are you ready to turn worries about taxes and investing into all the money you need for college and retirement? It's time to make a plan and get on track. To find out if we're a match visit physicianfamily.com and click get started or, you can ask a question of your own by emailing podcast@physicianfamily.com. See marketing disclosures at physicianfamily.com/disclosures

We all love it when something costs less than we think it will, especially something pricey like college. If you plan to send your kids to a private university and they go to a state school, what can you do with the extra money? Listen in as Nate Reineke and Ben Utley celebrate graduation season and break down the most effective ways to save for college and what you can do with leftover 529 funds. We also answer your colleagues' questions. 529 vs HYSA A cardiologist in Oregon is curious which is better for saving for an upcoming college expense, a 529 college savings plan, or a regular high-yield savings account. 529 vs State Prepaid Plan An ENT in Florida wants to know the benefits of using the Florida prepaid plan rather than a 529 college savings plan. Funding Private Education A Plastic surgeon in Missouri is wondering if using a 529 is a good way to pay for private K-12. Are you ready to turn worries about taxes and investing into all the money you need for college and retirement? It's time to make a plan and get on track. To find out if we're a match, visit physicianfamily.com and click get started, or you can ask a question of your own by emailing podcast@physicianfamily.com. See marketing disclosures at physicianfamily.com/disclosures

We all love it when something costs less than we think it will, especially something pricey like college. If you plan to send your kids to a private university and they go to a state school, what can you do with the extra money? Listen in as Nate Reineke and Ben Utley celebrate graduation season and break down the most effective ways to save for college and what you can do with leftover 529 funds. We also answer your colleagues' questions. 529 vs HYSAA cardiologist in Oregon is curious which is better for saving for an upcoming college expense, a 529 college savings plan, or a regular high-yield savings account. 529 vs State Prepaid Plan An ENT in Florida wants to know the benefits of using the Florida prepaid plan rather than a 529 college savings plan. Funding Private EducationA Plastic surgeon in Missouri is wondering if using a 529 is a good way to pay for private K-12. Are you ready to turn worries about taxes and investing into all the money you need for college and retirement? It's time to make a plan and get on track. To find out if we're a match, visit physicianfamily.com and click get started, or you can ask a question of your own by emailing podcast@physicianfamily.com. See marketing disclosures at physicianfamily.com/disclosures

Bug infestations are stressful. Having an established relationship with a “bug guy” helps exterminate that stress. All emergencies are more stressful when you try to handle them alone, but having a financial planner who enables you to understand where funds can come from helps decrease your stress. Listen in as Ben Utley and Nate Reineke discuss what funds you should use to save for retirement and how those funds help cover you in an emergency. We also answer your colleagues' questions. Changing Advisors An ENT in Florida is changing advisors and wants to know if a proper break-up is required or if ghosting is acceptable. Covered Call and Put Options An internal med doc in Texas has been trying to get more involved in his finances and wants our opinion on covered call and put options. Funding HSA vs FSA A listener emailed in and is changing jobs. They are curious if they can fund an HSA right away or if they have to wait since they currently have an FSA. Are you ready to turn worries about taxes and investing into all the money you need for college and retirement? It's time to make a plan and get on track. To find out if we're a match visit physicianfamily.com and click get started or, you can ask a question of your own by emailing podcast@physicianfamily.com. See marketing disclosures at physicianfamily.com/disclosures

Bug infestations are stressful. Having an established relationship with a “bug guy” helps exterminate that stress. All emergencies are more stressful when you try to handle them alone, but having a financial planner who enables you to understand where funds can come from helps decrease your stress. Listen in as Ben Utley and Nate Reineke discuss what funds you should use to save for retirement and how those funds help cover you in an emergency. We also answer your colleagues' questions. Changing Advisors An ENT in Florida is changing advisors and wants to know if a proper break-up is required or if ghosting is acceptable. Covered Call and Put Options An internal med doc in Texas has been trying to get more involved in his finances and wants our opinion on covered call and put options. Funding HSA vs FSAA listener emailed in and is changing jobs. They are curious if they can fund an HSA right away or if they have to wait since they currently have an FSA. Are you ready to turn worries about taxes and investing into all the money you need for college and retirement? It's time to make a plan and get on track. To find out if we're a match visit physicianfamily.com and click get started or, you can ask a question of your own by emailing podcast@physicianfamily.com. See marketing disclosures at physicianfamily.com/disclosures

If fishing were easy, they'd call it catching. If backdoor Roths were easy, they'd call it a loophole. Listen in as Nate Reineke and Ben Utley answer a cumbersome backdoor Roth question from a physician who fears they made a mistake, but the answer may be simpler than anticipated. We also answer your colleagues' questions. Investing Now: A retired physician in Alaska has a large nest egg, and they are concerned about the current economic and political situation. They want to know the best way to invest the cash. Practice buy-in: A specialist on the East Coast has a buy-in opportunity and is wondering the best way to finance it. Cash Balance Plan: An interventional radiologist from New Jersey is close to retiring and is curious if a cash balance plan is a good idea. Are you ready to turn worries about taxes and investing into all the money you need for college and retirement? It's time to make a plan and get on track. To find out if we're a match visit physicianfamily.com and click get started or, you can ask a question of your own by emailing podcast@physicianfamily.com. See marketing disclosures at physicianfamily.com/disclosures

If fishing were easy, they'd call it catching. If backdoor Roths were easy, they'd call it a loophole. Listen in as Nate Reineke and Ben Utley answer a cumbersome backdoor Roth question from a physician who fears they made a mistake, but the answer may be simpler than anticipated. We also answer your colleagues' questions. Investing Now: A retired physician in Alaska has a large nest egg, and they are concerned about the current economic and political situation. They want to know the best way to invest the cash. Practice buy-in: A specialist on the East Coast has a buy-in opportunity and is wondering the best way to finance it. Cash Balance Plan: An interventional radiologist from New Jersey is close to retiring and is curious if a cash balance plan is a good idea. Are you ready to turn worries about taxes and investing into all the money you need for college and retirement? It's time to make a plan and get on track. To find out if we're a match visit physicianfamily.com and click get started or, you can ask a question of your own by emailing podcast@physicianfamily.com. See marketing disclosures at physicianfamily.com/disclosures

Buying a home is hard. As a physician, you want to make sure you get the best rate, use the right type of loan, and avoid the mistakes that drag out the process. Listen in as Ben Utley and Nate Reineke dissect the complex and confusing world of home buying with special guest and mortgage loan specialist Robert Hedges. Together, they answer your colleagues' concerns about how to find the best mortgage broker, when it is smart to buy points, and what up-front fees physicians should look out for. If you are looking for your dream house and want to work with Robert, you can contact him using the information below. Email Robert at rhedges@cmghomeloans.comCall Robert at 541-515-8026Are you ready to turn worries about taxes and investing into all the money you need for college and retirement? It's time to make a plan and get on track. To find out if we're a match visit physicianfamily.com and click get started or, you can ask a question of your own by emailing podcast@physicianfamily.com. See marketing disclosures at physicianfamily.com/disclosures

Buying a home is hard. As a physician, you want to make sure you get the best rate, use the right type of loan, and avoid the mistakes that drag out the process. Listen in as Ben Utley and Nate Reineke dissect the complex and confusing world of home buying with special guest and mortgage loan specialist Robert Hedges. Together, they answer your colleagues' concerns about how to find the best mortgage broker, when it is smart to buy points, and what up-front fees physicians should look out for. If you are looking for your dream house and want to work with Robert, you can contact him using the information below. Email Robert at rhedges@cmghomeloans.com Call Robert at 541-515-8026 Are you ready to turn worries about taxes and investing into all the money you need for college and retirement? It's time to make a plan and get on track. To find out if we're a match visit physicianfamily.com and click get started or, you can ask a question of your own by emailing podcast@physicianfamily.com. See marketing disclosures at physicianfamily.com/disclosures

Let's be real here: You spent your first 20 years of life rolling your eyes at your mom's advice and the rest of your life realizing she was right. So right now, make sure you have a table reserved (or groceries bought) and flowers ready for Mother's Day. Listen in as Ben Utley and Nate Reineke answer a tough listener question about whether the Roth 403b or a traditional 403b is right for a neurosurgeon from Maryland. We also answer your colleagues' questions. Car Buying A surgeon in Connecticut says, “We are looking to buy a minivan. Given the recent tax tariffs, should we buy new, used, or lease one?" Changing Jobs A Double Doc family in Kentucky is moving states and changing jobs. They want to know the best way to contribute to their retirement accounts without facing extra taxes and penalties. Housing and Home Loans A Hospitalist in Utah is curious about the best refinancing options given the high interest rates and their plan to retire. Are you ready to turn worries about taxes and investing into all the money you need for college and retirement? It's time to make a plan and get on track. To find out if we're a match visit physicianfamily.com and click get started or, you can ask a question of your own by emailing podcast@physicianfamily.com. See marketing disclosures at physicianfamily.com/disclosures

Let's be real here: You spent your first 20 years of life rolling your eyes at your mom's advice and the rest of your life realizing she was right. So right now, make sure you have a table reserved (or groceries bought) and flowers ready for Mother's Day. Listen in as Ben Utley and Nate Reineke answer a tough listener question about whether the Roth 403b or a traditional 403b is right for a neurosurgeon from Maryland. We also answer your colleagues' questions. Car BuyingA surgeon in Connecticut says, “We are looking to buy a minivan. Given the recent tax tariffs, should we buy new, used, or lease one?" Changing Jobs A Double Doc family in Kentucky is moving states and changing jobs. They want to know the best way to contribute to their retirement accounts without facing extra taxes and penalties.Housing and Home LoansA Hospitalist in Utah is curious about the best refinancing options given the high interest rates and their plan to retire. Are you ready to turn worries about taxes and investing into all the money you need for college and retirement? It's time to make a plan and get on track. To find out if we're a match visit physicianfamily.com and click get started or, you can ask a question of your own by emailing podcast@physicianfamily.com. See marketing disclosures at physicianfamily.com/disclosures

Your kids are growing up fast. That means more activities to keep track of on top of all your other commitments. How can you juggle being there for your family and working enough to save for retirement? Listen in as Nate Reineke and Ben Utley provide some tips on how to keep all the balls in the air while still planning for the future. We also answer your colleagues' questions. Retirement Investing: An ENT from Kansas City who is moving and changing jobs wants to know what we think of some advice they got from a local planner about rolling a 401(k) into an IRA. Family planning: A surgeon in Connecticut is “financially nesting” as they prepare for a third child at the end of July. They ask what they can do now to prepare financially. Tax Mistakes: A New Jersey Neurosurgeon was recently shocked by a big tax bill and is wondering if using a Roth 401(K) is a good idea. Are you ready to turn worries about taxes and investing into all the money you need for college and retirement? It's time to make a plan and get on track. To find out if we're a match visit physicianfamily.com and click get started or, you can ask a question of your own by emailing podcast@physicianfamily.com. See marketing disclosures at physicianfamily.com/disclosures

Your kids are growing up fast. That means more activities to keep track of on top of all your other commitments. How can you juggle being there for your family and working enough to save for retirement? Listen in as Nate Reineke and Ben Utley provide some tips on how to keep all the balls in the air while still planning for the future.We also answer your colleagues' questions. Retirement Investing: An ENT from Kansas City who is moving and changing jobs wants to know what we think of some advice they got from a local planner about rolling a 401(k) into an IRA. Family planning: A surgeon in Connecticut is “financially nesting” as they prepare for a third child at the end of July. They ask what they can do now to prepare financially. Tax Mistakes: A New Jersey Neurosurgeon was recently shocked by a big tax bill and is wondering if using a Roth 401(K) is a good idea. Are you ready to turn worries about taxes and investing into all the money you need for college and retirement? It's time to make a plan and get on track. To find out if we're a match visit physicianfamily.com and click get started or, you can ask a question of your own by emailing podcast@physicianfamily.com. See marketing disclosures at physicianfamily.com/disclosures

Influenza. It's a word that sounds ominous when you don't know what it means. To a physician like you, influenza is nothing more than the average flu, but to a patient, it may sound scary. Does tax-loss harvesting sound extreme or even dangerous to you? Listen in as Nate Reineke and Ben Utley explain what tax-loss harvesting is and how your colleagues are using it right now to save taxes.We answer some other questions you may have asked yourself. Market volatility:An ER/ crit care doc in Massachusetts asked for some thoughts about the market downturn, specifically regarding investment strategies, noting how difficult it is to see 60k in retirement savings gone in a few weeks. 457 plans: A cardiologist in Oregon is facing a tough situation with their workplace being acquired. They want to know what to do with a non-governmental 457(b) that must now be distributed. Home loans:A Colorado cardiologist is house shopping and wants to find that perfect home. Since the process may take a while, he is waiting to list his current house and is curious about other financing options that don't rely on the sale proceeds. Are you ready to turn worries about taxes and investing into all the money you need for college and retirement? It's time to make a plan and get on track. To find out if we're a match, visit physicianfamily.com and click get started or, you can ask a question of your own by emailing podcast@physicianfamily.com. See marketing disclosures at physicianfamily.com/disclosures

Influenza. It's a word that sounds ominous when you don't know what it means. To a physician like you, influenza is nothing more than the average flu, but to a patient, it may sound scary. Does tax-loss harvesting sound extreme or even dangerous to you? Listen in as Nate Reineke and Ben Utley explain what tax-loss harvesting is and how your colleagues are using it right now to save taxes. We answer some other questions you may have asked yourself. Market volatility: An ER/ crit care doc in Massachusetts asked for some thoughts about the market downturn, specifically regarding investment strategies, noting how difficult it is to see 60k in retirement savings gone in a few weeks. 457 plans: A cardiologist in Oregon is facing a tough situation with their workplace being acquired. They want to know what to do with a non-governmental 457(b) that must now be distributed. Home loans: A Colorado cardiologist is house shopping and wants to find that perfect home. Since the process may take a while, he is waiting to list his current house and is curious about other financing options that don't rely on the sale proceeds. Are you ready to turn worries about taxes and investing into all the money you need for college and retirement? It's time to make a plan and get on track. To find out if we're a match, visit physicianfamily.com and click get started or, you can ask a question of your own by emailing podcast@physicianfamily.com. See marketing disclosures at physicianfamily.com/disclosures

Bananas are cheap but not as cheap as they used to be and the price of almost everything else is going up faster than a monkey up a tree. Everything else but stock prices that is. We've gotten several questions from physicians like you essentially asking “What should we do?” Ben Utley breaks down questions about tariffs, taxes, the economy, markets, and what you should or shouldn't do about it. Are you ready to turn worries about taxes and investing into all the money you need for college and retirement? It's time to make a plan and get on track. To find out if we're a match visit physicianfamily.com and click get started or, you can ask a question of your own by emailing podcast@physicianfamily.com. See marketing disclosures at physicianfamily.com/disclosures

Bananas are cheap but not as cheap as they used to be and the price of almost everything else is going up faster than a monkey up a tree. Everything else but stock prices that is. We've gotten several questions from physicians like you essentially asking “What should we do?” Ben Utley breaks down questions about tariffs, taxes, the economy, markets, and what you should or shouldn't do about it. Are you ready to turn worries about taxes and investing into all the money you need for college and retirement? It's time to make a plan and get on track. To find out if we're a match visit physicianfamily.com and click get started or, you can ask a question of your own by emailing podcast@physicianfamily.com. See marketing disclosures at physicianfamily.com/disclosures

Spring has sprung just like the freshly assembled Adirondack chairs in Ben's back yard. Fumbling around while constructing Costco lawn furniture is normal, Ben proves that, but, you don't want to stumble around with your backdoor roth. You also don't want to be caught off guard by big surprise expenses in retirement. Nate Reineke and Ben Utley breakdown some of the major life events and expenses physicians like you should consider before retirement including home improvements, grandkids, grad school and weddings! We also answer the questions your colleagues are asking. Tax loss harvesting: An anesthesiologist in Illinois asks, “before I connected with Physician Family, I bought a couple hundred thousand dollars worth of single stocks. Several of them have gone down in value and I am wondering, should I sell them now or wait for them to come back?” Tax prep: A rad onc in Georgia hates doing taxes and wants to know if despite having a pretty simple situation with two W2 employees, is paying a pro worth it? Disabilities: An OB/GYN from Ohio wants to be ABLE to send her son, who has a mild form of autism, to college but isn't sure he'll attend. How should the parents be saving? Are you ready to turn worries about taxes and investing into all the money you need for college and retirement? It's time to make a plan and get on track. To find out if we're a match visit physicianfamily.com and click get started or, you can ask a question of your own by emailing podcast@physicianfamily.com. See marketing disclosures at physicianfamily.com/disclosures

Spring has sprung just like the freshly assembled Adirondack chairs in Ben's back yard. Fumbling around while constructing Costco lawn furniture is normal, Ben proves that, but, you don't want to stumble around with your backdoor roth. You also don't want to be caught off guard by big surprise expenses in retirement. Nate Reineke and Ben Utley breakdown some of the major life events and expenses physicians like you should consider before retirement including home improvements, grandkids, grad school and weddings! We also answer the questions your colleagues are asking. Tax loss harvesting: An anesthesiologist in Illinois asks, “before I connected with Physician Family, I bought a couple hundred thousand dollars worth of single stocks. Several of them have gone down in value and I am wondering, should I sell them now or wait for them to come back?”Tax prep: A rad onc in Georgia hates doing taxes and wants to know if despite having a pretty simple situation with two W2 employees, is paying a pro worth it? Disabilities: An OB/GYN from Ohio wants to be ABLE to send her son, who has a mild form of autism, to college but isn't sure he'll attend. How should the parents be saving? Are you ready to turn worries about taxes and investing into all the money you need for college and retirement? It's time to make a plan and get on track. To find out if we're a match visit physicianfamily.com and click get started or, you can ask a question of your own by emailing podcast@physicianfamily.com. See marketing disclosures at physicianfamily.com/disclosures

Things in the government are changing but, you already knew that, right? What you may not know is that public student loan forgiveness is still alive and well! Nate Reineke and Ben Utley discuss one pediatrician's five year journey to student loan debt freedom. They also discuss the other listener questions below. A radiologist in Ohio asks if I save my money into a 529, will it grow like my other investments? A family physician in New York wants to know, is there a downside to increasing my usual investments during the recent correction in the stock market since everything “is on sale”? Is this a form of “Market Timing?” A family practice doctor in Seattle poses a tough housing question saying, we want to upgrade our house but have a really low interest rate on our current home - our family is saying to keep our current home as a rental but we don't like the idea of becoming landlords. What should we do? Are you ready to turn worries about taxes and investing into all the money you need for college and retirement? It's time to make a plan and get on track. To find out if we're a match visit physicianfamily.com and click get started or, you can ask a question of your own by emailing podcast@physicianfamily.com. Disclosure: See marketing disclosures at https://www.physicianfamily.com/disclosures

Things in the government are changing but, you already knew that, right? What you may not know is that public student loan forgiveness is still alive and well! Nate Reineke and Ben Utley discuss one pediatrician's five year journey to student loan debt freedom.They also discuss the other listener questions below. A radiologist in Ohio asks if I save my money into a 529, will it grow like my other investments? A family physician in New York wants to know, is there a downside to increasing my usual investments during the recent correction in the stock market since everything “is on sale”? Is this a form of “Market Timing?” A family practice doctor in Seattle poses a tough housing question saying, we want to upgrade our house but have a really low interest rate on our current home - our family is saying to keep our current home as a rental but we don't like the idea of becoming landlords. What should we do?Are you ready to turn worries about taxes and investing into all the money you need for college and retirement? It's time to make a plan and get on track. To find out if we're a match visit physicianfamily.com and click get started or, you can ask a question of your own by emailing podcast@physicianfamily.com. Disclosure: See marketing disclosures at https://www.physicianfamily.com/disclosures

Introduction: In this new episode, hosts Nate Reineke and Chelsea Jones tackle the crucial topic of investment strategies for physicians with deadlines, particularly when facing urgent financial goals such as buying a home or addressing student loans. They share insights on how to optimize investments while managing risk. Summary: Join Nate and Chelsea as they explore the considerations physicians should keep in mind when investing with a deadline. This episode addresses listener questions about housing decisions, investment timing, and how to balance short-term financial needs with long-term goals. The hosts emphasize the importance of understanding risk and timing in investment decisions. Key Highlights: - Navigating Relocation and Housing: Chelsea shares her experience relocating to Florida and the importance of finding childcare before selecting a home. - Understanding 457 Plans: An overview of governmental vs. non-governmental 457 plans and the tax implications of each. - Selling Your Home: A discussion on whether physicians should sell their home to avoid realtor fees and the benefits of working with professionals. - The Reality of All-Cash Offers: Insight into the competitive real estate market and why an all-cash offer may not always be the best strategy. - Investing for Short-Term Goals: Exploration of appropriate investment strategies for upcoming expenses and the risks associated with investing money needed in the near future. - Understanding ETFs vs. Mutual Funds: Key differences between ETFs and mutual funds, including liquidity and tax efficiency. - Key Investment Principles: Emphasizing the importance of risk management and understanding the relationship between risk and return when planning investments. Conclusion: Nate and Chelsea provide valuable insights to help physicians make informed decisions about their investments when approaching critical financial deadlines. Call to Action: For more information, visit https://www.physicianfamily.com/ Disclosure: See marketing disclosures at https://www.physicianfamily.com/disclosures Closing Thought: Remember, you're not just making a living; you're making a life.

Introduction:In this new episode, hosts Nate Reineke and Chelsea Jones tackle the crucial topic of investment strategies for physicians with deadlines, particularly when facing urgent financial goals such as buying a home or addressing student loans. They share insights on how to optimize investments while managing risk.Summary:Join Nate and Chelsea as they explore the considerations physicians should keep in mind when investing with a deadline. This episode addresses listener questions about housing decisions, investment timing, and how to balance short-term financial needs with long-term goals. The hosts emphasize the importance of understanding risk and timing in investment decisions.Key Highlights:- Navigating Relocation and Housing:Chelsea shares her experience relocating to Florida and the importance of finding childcare before selecting a home.- Understanding 457 Plans:An overview of governmental vs. non-governmental 457 plans and the tax implications of each.- Selling Your Home:A discussion on whether physicians should sell their home to avoid realtor fees and the benefits of working with professionals.- The Reality of All-Cash Offers:Insight into the competitive real estate market and why an all-cash offer may not always be the best strategy.- Investing for Short-Term Goals:Exploration of appropriate investment strategies for upcoming expenses and the risks associated with investing money needed in the near future.- Understanding ETFs vs. Mutual Funds:Key differences between ETFs and mutual funds, including liquidity and tax efficiency.- Key Investment Principles:Emphasizing the importance of risk management and understanding the relationship between risk and return when planning investments.Conclusion:Nate and Chelsea provide valuable insights to help physicians make informed decisions about their investments when approaching critical financial deadlines.Call to Action:For more information, visit https://www.physicianfamily.com/Disclosure:See marketing disclosures at https://www.physicianfamily.com/disclosuresClosing Thought:Remember, you're not just making a living; you're making a life.

Introduction:In Episode, hosts Nate Reineke and Ben Utley delve into the complexities of the backdoor Roth IRA, a popular strategy for high-income earners. They address common misunderstandings and provide clarity on how to navigate potential pitfalls, such as the pro-rata rule.Summary:Join Nate and Ben as they explore the backdoor Roth IRA process. This episode tackles listener questions about bond discounting, the emergency fund allocation into bonds, and strategies for buying a house while staying on track for retirement savings. The focus is on clarifying the nuances of the backdoor Roth IRA to help physicians maximize their retirement savings while avoiding unnecessary tax liabilities.Key Highlights:1. Understanding the Backdoor Roth IRA:Explanation of the pro-rata rule and how it affects Roth conversions when traditional IRA balances exist.2. Bond Discounting Basics:A deep dive into what bond discounting is and how interest rates impact bond values and strategies for using bonds as part of an emergency fund.3. Buying a House in High-Cost Areas:Discussion on the financial considerations and challenges faced by physicians buying homes in expensive cities like San Diego and San Francisco.4. Employer Contributions to Retirement Plans:Clarification on the nature of discretionary contributions and how they can change.5. Handling Traditional IRAs for Roth Conversions:Strategies to manage existing traditional IRA balances, including rolling them into a TSP or considering a Roth conversion for long-term growth.Call to Action:For more information, visit https://www.physicianfamily.com/Disclosure:See marketing disclosures at https://www.physicianfamily.com/disclosuresClosing Thought:Remember, you're not just making a living; you're making a life.

Introduction:In Episode, hosts Nate Reineke and Ben Utley delve into the complexities of the backdoor Roth IRA, a popular strategy for high-income earners. They address common misunderstandings and provide clarity on how to navigate potential pitfalls, such as the pro-rata rule.Summary:Join Nate and Ben as they explore the backdoor Roth IRA process. This episode tackles listener questions about bond discounting, the emergency fund allocation into bonds, and strategies for buying a house while staying on track for retirement savings. The focus is on clarifying the nuances of the backdoor Roth IRA to help physicians maximize their retirement savings while avoiding unnecessary tax liabilities.Key Highlights:1. Understanding the Backdoor Roth IRA:Explanation of the pro-rata rule and how it affects Roth conversions when traditional IRA balances exist.2. Bond Discounting Basics:A deep dive into what bond discounting is and how interest rates impact bond values and strategies for using bonds as part of an emergency fund.3. Buying a House in High-Cost Areas:Discussion on the financial considerations and challenges faced by physicians buying homes in expensive cities like San Diego and San Francisco.4. Employer Contributions to Retirement Plans:Clarification on the nature of discretionary contributions and how they can change.5. Handling Traditional IRAs for Roth Conversions:Strategies to manage existing traditional IRA balances, including rolling them into a TSP or considering a Roth conversion for long-term growth.Call to Action:For more information, visit https://www.physicianfamily.com/Disclosure:See marketing disclosures at https://www.physicianfamily.com/disclosuresClosing Thought:Remember, you're not just making a living; you're making a life.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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