Podcast

Public Service Loan Forgiveness has been in the news quite a bit lately, and some of it has been good for a change! In October of 2021 the Department of Education released new guidance designed to temporarily loosen some of the rules that have made it more difficult to qualify for forgiveness. Key word being “temporarily”.

Today we want to talk about simple solutions vs complex solutions. Sometimes we can’t believe that the best strategy is a simple one.

Today we want talk about the concept of stealth wealth, i.e., flying under the wealth radar so people don’t realize how wealthy you actually are.

Welcome back and thank you for listening to another episode of Financial Clarity for Doctors! Expect to see a lot of headlines as we close out the year, particularly on the tax side of things with the upcoming changes to the tax code

Have you ever wondered what happens to your money when it goes into your plan at work if you do NOTHING? Today we are going to talk about a type of mutual fund commonly referred to as a Target Date Fund or a Lifestyle fund. They are almost always in your work plans, but you can use them in other accounts as well.

Disability insurance is a hot topic for young doctors. The most common question we get – Do I need my own policy? There is a ton of heavy-handed advertising which can make it seem like it’s just a sales ploy, when in reality it is a VERY important part of financial planning.

Today we want to discuss your happiness and satisfaction and how it is largely tied to your expectations. As a little kid, if you got the present you asked for, you were elated. If you didn’t, you were disappointed. The best way to avoid disappointment is properly managing your expectations.

We spend a lot of time talking about how to make sure you are in a good position to reach your long-term goals. Some are still on a resident or fellow salary, that are not in a good spot to work toward those long-term goals. Sometimes, they aren’t even in a good spot to be able to make ends meet from month to month. Today, we are going to focus on a few strategies to make the day-to-day more doable.

In todays episode we will discuss arguably the most important factor in achieving your long-term financial goals: how much you save. The more you save, the sooner you’ll get to where you want to go financially.

In todays episode we will discuss a topic regarding one of the most common requests we get… Budgeting! Many people only consider their ability to meet their fixed expenses and that is what we want to avoid.

In today’s episode we want to talk about investing. Specifically, investing towards your specific financial goals. What would most people say if you asked them, “Why are you invested the way you are?”

In today’s episode we talk about the difference between having a financial plan and engaging in financial planning. We discuss the initial steps to building a financial plan and the different variables that can change over time.