Shows
Finance for PhysiciansOne Big Beautiful Bill Act Breakdown: Which Changes Actually Matter to You? (Part 1)
Big tax law changes are here, and they could have a major impact on your finances.
In this episode, we’re breaking down the One Big Beautiful Bill Act (OBBBA) and what it means for physicians, starting with the non-student loan changes. We’re joined by Jeff Wenger and Heather Lovallo to explain the updates and what you should pay attention to this tax season.
You’ll learn how the new rules affect your tax brackets, standard vs. itemized deductions, child tax credit, estate planning, and even whether buying a new car might make a little...
2025-08-0540 min
Finance for PhysiciansThe Mega Backdoor Roth Explained: Who It’s For and When It Works
Is the mega backdoor Roth the ultimate tax shelter—or just a complicated headache?
Today we are joined by Jeff Wenger to discuss this lesser-known strategy, breaking down how it works and when it makes sense, especially for high-earning physicians.
Listen in as we walk through the four key contribution “buckets” in a 401(k), the pros and cons of using after-tax dollars, and what makes the mega backdoor strategy so unique (and often underutilized).
You’ll learn who this applies to, the gotchas to watch for, and why more isn’t always b...
2025-06-2436 min
Finance for PhysiciansRepayment Plans Under Review: What Proposed Changes Could Mean for Physicians
Are student loan repayment plans about to get completely overhauled? And what does that mean for physicians?
In this episode, I’m joined once again by student loan expert Jeff Wenger to break down the proposed federal student loan changes that could reshape how physicians manage repayment, forgiveness, and financial planning.
Listen in as we explore the potential elimination of popular IDR plans like SAVE and PAYE, the shift back to the original IBR, and the introduction of a new Repayment Assistance Plan (RAP).
We also cover proposed PSLF restrictions that could exclude re...
2025-05-1338 min
Finance for PhysiciansReal Estate Diversification - Smart Investment StrategiesIs real estate the key to diversification, or is it a step toward concentration? Today we dive into the complexities of diversification in real estate investing with Certified Financial Planner™ Jeff Wenger.
Listen in as we explore common misconceptions and discuss what true diversification looks like, particularly when it comes to balancing real estate with other investment options. You’ll learn the significance of having a varied portfolio, how real estate fits into broader investment strategies, and why some investors might be shifting toward more concentrated portfolios without even realizing it.
Tran...
2025-01-2123 min
Finance for PhysiciansThe SAVE Plan Blows Up – What’s Next for Physicians and Student Loans?We’re back!
After a brief hiatus, we’re excited to relaunch Finance for Physicians with fresh insights and a commitment to bringing you new episodes twice a month.
Today, I’m sitting down with student loan expert Jeff Wenger, and together we’re tackling the latest in student loan chaos—specifically, the SAVE Plan, which has recently been hit with a court injunction, throwing many borrowers into uncertainty.
Listen in as we break down how this ruling could affect physicians working toward Public Service Loan Forgiveness (PSLF), what repayment options are still on the tab...
2024-11-1222 min
Financial ResidencyFinancial Vitals - How Do You Know Which Type Of Financial Planner To Look ForThis episode is sponsored by PearsonRavitz– helping physicians protect their most valuable assets. Have you ever worked with a financial planner? Do you have enough money saved for a financial planner to help? When are you ready to hire a financial planner? Depends on the situation or preference. If you want help, the sooner the better. In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks to Jeff Wenger, a Certified Financial Planner (CFP®), about when to hire a financial planner. Topics Discussed: • Use Cases: When to start working with a finan...
2024-03-2214 min
Financial ResidencyFinancial Vitals - Aligning Your Time And Money Management With Your Values with Jeff WengerThis episode is sponsored by Freed.AI - Get 50% off your first month of using their AI-powered medical scribe software! Add FR50 to your cart! You can have all the money in the world and be completely unhappy. Everybody wants to move closer toward living out their version of an ideal life. Yet, the daily grind we all face tends to push us away from this. In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks with his colleague Jeff Wenger, about how physicians can better align time and money management with their va...
2024-01-0624 min
Financial ResidencyFinancial Vitals - Should You Payoff Debt Or Invest with Jeff WengerThis episode is sponsored by Freed.AI - Get 50% off your first month of using their AI-powered medical scribe software! Add FR50 to your cart! Should you pay off debt or invest? It’s a straightforward question. Yet, the answer is often not so straightforward and really depends on your situation. In this episode of the Finance For Physicians Podcast, Daniel Wrenne talks to Jeff Wenger about the proper way to think through this question so that you can begin making more educated decisions about debt and investing. Topics Discussed: • Assumptions and Asses...
2024-01-0526 min
Financial ResidencyFinancial Vitals - Yet Another Pending Student Loan Chang That Could Turn Things Upside Down AgainThis episode is sponsored by Freed.AI - Get 50% off your first month of using their AI-powered medical scribe software! Add FR50 to your cart! Join Daniel Wrenne and Jeff Wenger on an enlightening episode of "Finance for Physicians," where they explore the dynamic world of student loans, financial planning, and more. In this engaging conversation, Daniel and Jeff discuss recent updates and developments in the field, offering valuable insights and strategies to empower physicians in managing their financial futures. Discover essential tips, uncover emerging trends, and gain a deeper understanding of the financial intricacies...
2023-12-3022 min
Finance for PhysiciansWhere Should You Save For Education, UTMA or I Bonds with Daniel Wrenne and Jeff WengerIf you're a parent or caregiver, planning for your child's education is a crucial financial decision. In this episode of the Finance for Physicians podcast, host Daniel Wrenne delves into the options available for saving for your child's education. Whether you're considering the traditional 529 plan, exploring the benefits of I Bonds, thinking about UTMA accounts, or even contemplating an investment account, this episode has you covered.
Daniel is joined by certified financial planner Jeff Wenger to discuss the pros and cons of these various education savings vehicles. They break down the nuances, from tax benefits and growth...
2023-11-0721 min
Finance for PhysiciansHow Do You Know Which Type Of Financial Planner To Look For with Daniel Wrenne and Jeff WengerWelcome to the "Finance for Physicians" podcast, join Daniel Wrenne and Jeff Wenger, as they dive into a multitude of financial topics designed to empower physicians on their financial journey.In this episode, Daniel and Jeff tackle pressing questions and explore a wide range of financial themes that resonate with physicians. They discuss everything from optimizing cash flow and determining affordable homeownership to advising on the ideal percentages of income to save and invest for your unique financial goals.Whether you're a medical student, resident, attending physician, or an established practitioner, this podcast offers invaluable...
2023-10-3117 min
Financial ResidencyFinancial Vitals - How To Avoid Lifestyle CreepEveryone has suffered from lifestyle creep to some extent. Somewhere along the way, you go from eating ramen noodles to the finer things in life. You become used to spending your entire salary. In this episode of the Finance For Physicians Podcast, Daniel Wrenne talks to Jeff Wenger, a Certified Financial Planner (CFP®), about how to avoid lifestyle creep. What is it? How does it happen? How do you prevent it? Topics Discussed: Tricky Transitions: Going from little income to being paid the big bucks • Keep up with the Joneses: When you make more money, you tend to splurge • Lifestyle Creep: Tak...
2023-10-2833 min
Financial ResidencyFinancial Vitals - Is Your Old Student Loan Plan Still Going To Cut It Now That Payments Are Resuming with Daniel Wrenne and Jeff WengerJoin Daniel Wrenne and Jeffrey Wenger as they navigate the complex landscape of student loan repayment strategies in this episode! With a focus on helping physicians, particularly those working with Public Service Loan Forgiveness (PSLF) in mind, Daniel and Jeff take you on a journey through the recent changes in student loan policies. They explore the historical approaches to student loans and delve into how the transition to the new SAVE Plan (Saving on a Valuable Education Plan) can impact your financial future. Discover the intricacies of student loan management and gain insights into crafting...
2023-10-1921 min
Finance for PhysiciansStudent Loan Servicer Problems To Beware Of with Daniel Wrenne and Jeff WengerIn this episode of "Finance For Physicians," Daniel Wrenne and student loan expert Jeff Wenger unravel the complications surrounding student loan servicers. As student loan payments resume after a pandemic-induced hiatus, the duo highlights the emerging problems that borrowers, especially physicians, should be wary of.
From unexpected payment changes to incorrect income certifications and IDR anniversary dates, Daniel and Jeff share valuable insights into how to navigate these issues. They offer practical advice on how to handle problems with your student loan servicer and ensure you stay on track for loan forgiveness, particularly for Public Service Loan...
2023-10-1720 min
Financial ResidencyFinancial Vitals: Is Your Old Student Loan Plan Still Going To Cut It Now That Payments Are Resuming with Daniel Wrenne and Jeff WegnerJoin Daniel Wrenne and Jeffrey Wenger as they navigate the complex landscape of student loan repayment strategies in this episode! With a focus on helping physicians, particularly those working with Public Service Loan Forgiveness (PSLF) in mind, Daniel and Jeff take you on a journey through the recent changes in student loan policies. They explore the historical approaches to student loans and delve into how the transition to the new SAVE Plan (Saving on a Valuable Education Plan) can impact your financial future. Discover the intricacies of student loan management and gain insights into crafting...
2023-10-0423 min
Finance for PhysiciansIs Your Old Student Loan Plan Still Going To Cut It Now That Payments Are Resuming with Daniel Wrenne and Jeff WengerJoin Daniel Wrenne and Jeffrey Wenger as they navigate the complex landscape of student loan repayment strategies in this episode!
With a focus on helping physicians, particularly those working with Public Service Loan Forgiveness (PSLF) in mind, Daniel and Jeff take you on a journey through the recent changes in student loan policies. They explore the historical approaches to student loans and delve into how the transition to the new SAVE Plan (Saving on a Valuable Education Plan) can impact your financial future.
Discover the intricacies of student loan management and gain insights into crafting...
2023-10-0321 min
Financial ResidencyFinancial Vitals: Yet Another Pending Student Loan Chang That Could Turn Things Upside Down AgainJoin Daniel Wrenne and Jeff Wenger on an enlightening episode of "Finance for Physicians," where they explore the dynamic world of student loans, financial planning, and more. In this engaging conversation, Daniel and Jeff discuss recent updates and developments in the field, offering valuable insights and strategies to empower physicians in managing their financial futures. Discover essential tips, uncover emerging trends, and gain a deeper understanding of the financial intricacies that impact medical professionals. Whether you're a medical resident starting your career or an experienced practitioner looking to optimize your financial strategy, this episode is packed with...
2023-09-2822 min
Finance for PhysiciansNew Strategies Emerging As The New SAVE Plan Rolls Out with Daniel Wrenne and Jeff WengerIn this episode, Daniel and Jeff dive into the intricacies of the new Student Loan Affordability and Value for Education (SAVE) Plan, shedding light on emerging strategies for student loan borrowers. The SAVE Plan is making waves in the world of student loan repayment, offering exciting opportunities for those seeking to manage their debt effectively.
The hosts explore the advantages and considerations of the SAVE Plan compared to other repayment options, such as PAYE and IBR, and discuss the crucial factor of filing taxes jointly or separately when optimizing student loan payments. They also touch upon the...
2023-09-2638 min
Financial ResidencyFinancial Vitals: Mo Money, Mo ProblemsDo you remember the late Notorious B.I.G.’s song, Mo Money Mo Problems? Physicians can probably relate to it. On the flip side, some people believe that having more money makes you benefit from fewer problems. In this episode of the Finance For Physicians Podcast, Daniel Wrenne talks to Jeff Wenger, a Certified Financial Planner (CFP®), about how making more money often leads to more problems. Topics Discussed: • Does money make you happy? Depends on how you define problems • $1 or $1 Million: More money makes simple things complex choices, decisions • Mor...
2023-09-2240 min
Finance for PhysiciansAnother Student Loan Change That Could Affect Physicians’ Lives Again with Daniel Wrenne and Jeff WengerJoin Daniel Wrenne and Jeff Wenger on an enlightening episode of "Finance for Physicians," where they explore the dynamic world of student loans, financial planning, and more. In this engaging conversation, Daniel and Jeff discuss recent updates and developments in the field, offering valuable insights and strategies to empower physicians in managing their financial futures.
Discover essential tips, uncover emerging trends, and gain a deeper understanding of the financial intricacies that impact medical professionals. Whether you're a medical resident starting your career or an experienced practitioner looking to optimize your financial strategy, this episode is packed with...
2023-09-1921 min
Financial ResidencyFinancial Vitals: Mastering the Latest Student Loan Changes - Insight on Repayment, Forgiveness and Programs with Jeffery WengerWelcome to "Finance For Physicians," the podcast dedicated to equipping medical professionals with the knowledge they need to navigate the world of personal finance. In this episode, Daniel Wrenne is joined by Jeff Wenger to tackle the ever-changing landscape of student loans, providing valuable insights into the latest updates that impact physicians. Dive into the intricacies of repayment strategies, loan forgiveness options, and the range of programs designed to assist medical professionals in managing their student debt. Whether you're a seasoned physician, a resident, or a recent graduate, this episode offers a comprehensive understanding of the recent...
2023-08-2451 min
Finance for PhysiciansMastering the Latest Student Loan Changes: Insights on Repayment, Forgiveness, and Programs with Jeffrey WengerWelcome to "Finance For Physicians," the podcast dedicated to equipping medical professionals with the knowledge they need to navigate the world of personal finance.
In this episode, Daniel Wrenne is joined by Jeff Wenger to tackle the ever-changing landscape of student loans, providing valuable insights into the latest updates that impact physicians. Dive into the intricacies of repayment strategies, loan forgiveness options, and the range of programs designed to assist medical professionals in managing their student debt. Whether you're a seasoned physician, a resident, or a recent graduate, this episode offers a comprehensive understanding of the recent...
2023-08-1544 min
Financial ResidencyFinancial Vitals: When To Hire A Financial PlannerHave you ever worked with a financial planner? Do you have enough money saved for a financial planner to help? When are you ready to hire a financial planner? Depends on the situation or preference. If you want help, the sooner the better. In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks to Jeff Wenger, a Certified Financial Planner (CFP®), about when to hire a financial planner. Topics Discussed: • Use Cases: When to start working with a financial planner • Human Capital Habits: How do you accumulate your wealth? Income • Life Tra...
2023-06-2432 min
Financial ResidencyFinancial Vitals: Can Money Buy HappinessCan money buy happiness? You can have all the money in the world and be completely unhappy. How can they use money and time to live happier lives. In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks to Jeff Wenger, a Certified Financial Planner (CFP®), about the science behind using money and time to attain happiness. In the previous episode, Jeff discussed how physicians can better align time and money management with their values. Topics Discussed: • Psychology and the Good Life: Laurie Santos’s scientific research on happiness • Laurie’s Lesson 1: Our minds are really bad at predicting ha...
2023-06-0813 min
Financial ResidencyFinancial Vitals: How Do You Know Which Type Of Financial Planner To Look ForHave you ever worked with a financial planner? Do you have enough money saved for a financial planner to help? When are you ready to hire a financial planner? Depends on the situation or preference. If you want help, the sooner the better. In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks to Jeff Wenger, a Certified Financial Planner (CFP®), about when to hire a financial planner. Topics Discussed: • Use Cases: When to start working with a financial planner • Human Capital Habits: How do you accumulate your wealth? Income • Life Tra...
2022-10-2612 min
Financial ResidencyFinancial Vitals: COVID Forbearance Extended Again And Other Big Student Loan ChangesThe pandemic in America is starting to look like a memory of hard days gone by, but the effects can still be felt throughout our country. That reason is, probably, why the Biden Administration has decided to extend their Covid 19 Forberances to the end of this year. In this episode of the Finance For Physicians Podcast, Daniel Wrenne will go into detail with Jeff Wenger about the situation surrounding Covid Forbearances while also taking a look at the currently shifting loan-giving and forgiving policy of the Biden Administration. Topics Discussed: • How to financially plan in...
2022-09-2430 min
Finance for PhysiciansCOVID Forbearance Extended Again + Other Student Loan Changes
The pandemic in America is starting to look like a memory of hard days gone by, but the effects can still be felt throughout our country. That reason is, probably, why the Biden Administration has decided to extend their Covid 19 Forberances to the end of this year. In this episode of the Finance For Physicians Podcast, Daniel Wrenne will go into detail with Jeff Wenger about the situation surrounding Covid Forbearances while also taking a look at the currently shifting loan-giving and forgiving policy of the Biden Administration.
Topics Discussed:
2022-09-2232 min
Financial ResidencyFinancial Vitals: When To Hire A Financial PlannerHave you ever worked with a financial planner? Do you have enough money saved for a financial planner to help? When are you ready to hire a financial planner? Depends on the situation or preference. If you want help, the sooner the better. In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks to Jeff Wenger, a Certified Financial Planner (CFP®), about when to hire a financial planner. Topics Discussed: • Use Cases: When to start working with a financial planner • Human Capital Habits: How do you accumulate your wealth? Income • Life Tra...
2022-08-1832 min
Financial ResidencyFinancial Vitals: How To Avoid Lifestyle CreepEveryone has suffered from lifestyle creep to some extent. Somewhere along the way, you go from eating ramen noodles to the finer things in life. You become used to spending your entire salary. In this episode of the Finance For Physicians Podcast, Daniel Wrenne talks to Jeff Wenger, a Certified Financial Planner (CFP®), about how to avoid lifestyle creep. What is it? How does it happen? How do you prevent it? Topics Discussed: Tricky Transitions: Going from little income to being paid the big bucks • Keep up with the Joneses: When you make mo...
2022-07-3033 min
Financial ResidencyFinancial Vitals: Should You Payoff Debt Or Invest with Jeff WengerShould you pay off debt or invest? It’s a straightforward question. Yet, the answer is often not so straightforward and really depends on your situation. In this episode of the Finance For Physicians Podcast, Daniel Wrenne talks to Jeff Wenger about the proper way to think through this question so that you can begin making more educated decisions about debt and investing. Topics Discussed: • Assumptions and Assessment Factors: ◦ What’s more important right now—financial independence or flexibility? ◦ Are you saving enough or have enough to invest or pay off debt?...
2022-07-0124 min
Financial ResidencyFinancial Vitals: Mo Money, Mo ProblemsDo you remember the late Notorious B.I.G.’s song, Mo Money Mo Problems? Physicians can probably relate to it. On the flip side, some people believe that having more money makes you benefit from fewer problems. In this episode of the Finance For Physicians Podcast, Daniel Wrenne talks to Jeff Wenger, a Certified Financial Planner (CFP®), about how making more money often leads to more problems. Topics Discussed: • Does money make you happy? Depends on how you define problems • $1 or $1 Million: More money makes simple things complex choices, decisions • Mor...
2022-06-2239 min
Financial ResidencyFinancial Vitals: Can Money Buy HappinessCan money buy happiness? You can have all the money in the world and be completely unhappy. How can they use money and time to live happier lives. In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks to Jeff Wenger, a Certified Financial Planner (CFP®), about the science behind using money and time to attain happiness. In the previous episode, Jeff discussed how physicians can better align time and money management with their values. Topics Discussed: Psychology and the Good Life: Laurie Santos’s scientific research on happiness Laurie...
2022-06-1013 min
Financial ResidencyFinancial Vitals: Aligning Your Time And Money Management With Your ValuesYou can have all the money in the world and be completely unhappy. Everybody wants to move closer toward living out their version of an ideal life. Yet, the daily grind we all face tends to push us away from this. In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks with his colleague Jeff Wenger, about how physicians can better align time and money management with their values. Topics Discussed: Where to begin? Start with a plan to align financial actions with values • Two Mindsets: Auto-pilot thinking versus deliberate thin...
2022-06-0821 minFinance for PhysiciansWhen To Refinance Student LoansIf you are going for Public Service Loan Forgiveness (PSLF), it is not the optimal time to refinance your student loans. If you’re not sure, don’t refinance because you may qualify for PSLF. Never say never!
In this episode of the Finance For Physicians Podcast, Daniel Wrenne talks to Jeff Wenger, a Certified Financial Planner (CFP®), about when is the optimal time to refinance your student loans.
Topics Discussed:
Refinance: Means getting new lender to pay off old loan to start new private loan
Reasons not to refinance out of a federal student...
2021-09-0226 minFinance for PhysiciansWhen to Hire a Financial PlannerHave you ever worked with a financial planner? Do you have enough money saved for a financial planner to help? When are you ready to hire a financial planner? Depends on the situation or preference. If you want help, the sooner the better.
In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks to Jeff Wenger, a Certified Financial Planner (CFP®), about when to hire a financial planner.
Topics Discussed:
Use Cases: When to start working with a financial planner
Human Capital Habits: How do you accumulate your wealth? Income
Life Transitions: Ge...
2021-08-2631 minFinance for PhysiciansGetting Your PSLF Ducks In A RowAre you still curious about student loans? Wondering what you need to prepare and apply for Public Service Loan Forgiveness (PSLF)? It’s not as straightforward as you might think, so get all your ducks in a row.
In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks to Jeff Wenger, a Certified Financial Planner (CFP®), about starting and progressing through the PSLF process.
Topics Discussed:
Forbearance: What payment plans count for PSLF, but not COVID or others?
4 Income-driven Repayment Plans:
Pay As You Earn (PAYE)
Revised Pay As You Earn (REPAYE)
Inco...
2021-08-2021 minFinance for PhysiciansMo Money, Mo ProblemsDo you remember the late Notorious B.I.G.’s song, Mo Money Mo Problems? Physicians can probably relate to it. On the flip side, some people believe that having more money makes you benefit from fewer problems.
In this episode of the Finance For Physicians Podcast, Daniel Wrenne talks to Jeff Wenger, a Certified Financial Planner (CFP®), about how making more money often leads to more problems.
Topics Discussed:
Does money make you happy? Depends on how you define problems
$1 or $1 Million: More money makes simple things complex choices, decisions
More assets means more ch...
2021-05-1337 min