Shows
Physician Family Finances Podcast#126 One (More) Big Beautiful Episode with Ken Eremita, CPAThe One Big Beautiful Bill remains long and confusing. Some people think that the new tax laws are barking mad, while others are wagging their tails with delight. Listen in as Ben and Nate are joined by Ken Eremita, CPA and his dogs. From his Los Angeles office, Ken breaks down what SALT deductions are and how the changes could result in big tax savings for docs like you. We also cover qualified business income deductions and how the changes will impact self-employed physicians. Ben, Nate, and Ken also talk about some changes that will specifically impact doctors with...2025-07-3030 min
Physician Family Finances Podcast#125 Should Physicians Bother with a Backdoor Roth Right Before Retirement?Finally being ready to retire is a huge milestone. It takes years of planning and hard work. There is nothing worse than feeling like you missed something in all that preparation. Listen in as Ben Utley and Nate Reineke break down whether it is worth it to open a new backdoor Roth account right before retirement. We discuss the factors to consider and how your time will come into play when making that decision.
We also answer your colleagues' questions.
Social Security: A Pain Management doc in New York is wondering, wit...2025-07-2323 min
Physician Family Finances Podcast#124 One Big Beautiful Episode: What Physicians Need to Know About the New Budget BillWhether 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...2025-07-1629 min
Physician Family Finances Podcast#123: Tax Saving Strategies for Physician Parents with Ken Eremita, CPAEven 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 s...2025-07-0929 min
Physician Family Finances PodcastKevin M.D Featuring Ben Utley: How Physicians Can Find True Happiness Beyond WealthHappy 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...2025-07-0218 min
Physician Family Finances PodcastShould physicians hire their spouses? Fishy or fine?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...2025-06-2528 min
Physician Family Finances PodcastFather’s Day Finances: Teaching the Value of Money and Hard Work to Physician KidsTo 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,” wher...2025-06-1837 min
Physician Family Finances PodcastProbate & Protection: Christine Roberts, J.D. on Physician Estate PlanningPaperwork 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 lo...2025-06-1151 min
Physician Family Finances Podcast529 Saving Surprises: What Can Physicians Do With an Overflowing College Fund?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 s...2025-06-0428 min
Physician Family Finances PodcastExterminating Emergencies: How can Physicians cover unexpected expensesBug 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...2025-05-2829 min
Physician Family Finances PodcastFishing for Conversions: Physician Mistakes on Backdoor Roth AccountsIf 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.
Prac...2025-05-2129 min
Physician Family Finances PodcastFrom Scrubs to Shrubs: A Doctor’s Guide to Financing a HomeBuying 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 a...2025-05-1456 min
Physician Family Finances PodcastPhysicians, Flowers, and 403(b)s: A Mother’s Day Finance ChatLet'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...2025-05-0727 min
Physician Family Finances PodcastDoctor dad’s dilemma: Juggling Kids' Activities and Retirement RealityYour 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 go...2025-04-3023 min
Physician Family Finances PodcastIs tax-loss harvesting a bad idea for physician investors?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 t...2025-04-2314 min
Physician Family Finances PodcastMarket goes bananas: What should physicians do?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...2025-04-1614 min
Physician Family Finances PodcastRight before retirement, what should physicians buy?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...2025-04-0923 min
Physician Family Finances PodcastPhysicians ask: Does PSLF still work?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 corr...2025-04-0218 min
Physician Family Finances PodcastInvesting with a Deadline: What's a Doctor's Best Move?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 ho...2025-03-2633 min
Physician Family Finances PodcastPhysicians still confused about backdoor Roth basicsIntroduction: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...2025-03-1922 min
Physician Family Finances PodcastHow much DO physicians spend ? And save ?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 co...2025-03-1224 min
Physician Family Finances PodcastBecoming a Physician Mom Again in your 40's! Now what?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...2025-03-0536 min
Physician Family Finances PodcastPhysician forever home mortgage, why not pay points?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...2025-02-2632 min
Physician Family Finances PodcastPhysicians ask, "What if Trump…?"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.
...2025-02-1928 min
Physician Family Finances PodcastWhat Physicians Should Think About Funding Their 529 planEpisode 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...2025-02-1226 min
Physician Family Finances PodcastTurning Quarterly Physician Bonuses Into Monthly SavingsEpisode 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...2025-02-0518 min
Physician Family Finances PodcastWhat is the best college savings goal for doctors ?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...2025-01-2934 min
Physician Family Finances PodcastCan Donor Advised Funds Cut Doctors Taxes Twice ?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 to...2025-01-2246 min
Physician Family Finances PodcastWhat will the biggest physician financial question be for 2025Episode 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...2025-01-1525 min
Physician Family Finances PodcastCracking The Purpose Code with Jordan Grumet MDEpisode Summary:Join Nate Reineke and Ben Utley as they welcome Jordan Grumet, also known as Doc G, author of The Purpose Code and host of the Earn and Invest podcast. They discuss the vital connection between purpose and financial well-being, providing insights on navigating burnout and rediscovering joy in the medical profession.Guest Info:Jordan Grumet, born in Evanston, Illinois in 1973, found the spark to become a doctor after a deeply personal event reshaped his life’s trajectory. The unexpected loss of his father, an oncologist, ignited a passion within him to pr...2025-01-0837 min
Physician Family Finances PodcastInterest Rates: What doctors need to know nowEpisode Overview:In this episode, Ben Utley and Nate Reineke address the important topic of interest rates and how they might affect your financial decisions as a healthcare professional. They explore the potential impact on your investment portfolio and offer considerations for mortgage refinancing, aiming to provide insights that could be valuable for your financial management.Key Highlights:1. Understanding Interest Rates: - Ben and Nate discuss how interest rates can influence your investment choices and highlight the importance of staying informed to enhance your financial...2024-12-1831 min
Physician Family Finances PodcastHow Much Crypto Should Doctors Own?Episode Overview:In this episode, Ben Utley and Nate Reineke tackle the question of how much cryptocurrency is appropriate for doctors to own. They cover important considerations, such as the lack of inherent value in crypto compared to traditional investments like stocks and bonds. This episode also addresses a variety of financial topics relevant to physician families, from 529 plan strategies to managing cash reserves and understanding investment policy statements.Key Highlights:1.Cryptocurrency for Physicians: -Ben and Nate explore whether doctors should own cryptocurrency and conclude that, given the lack of inherent...2024-12-1121 min
Physician Family Finances PodcastCan Physicians with Chronic Conditions Benefit from HSA?Episode Overview:In this episode, Ben Utley and Nate Reineke address the question: Can Physicians with Chronic Conditions Benefit from HSAs? They tackle various financial inquiries from listeners, offering insights and advice crafted for physician families. The discussion covers topics such as the use of 529 funds, strategies for Roth IRA conversions, optimizing 403(b) contributions, and maximizing benefits from health savings accounts (HSAs), particularly for those with chronic conditions.Key Highlights:1. Using 529 Plans: - Ben and Nate explain the scope of using 529 funds...2024-12-0422 min
Physician Family Finances PodcastWhy should physicians own bonds?Episode Overview:In this episode, Ben Utley and Nate Reineke discuss the often-overlooked topic of bonds and their role in a physician's investment portfolio. The conversation addresses a listener's question about the various types of bonds and how they could fit into a diversified investment strategy.Key Highlights:1.Understanding Bonds: - Ben and Nate explain that bonds function as loans and can provide steady income, contrasting them with the volatility associated with stocks.- They outline different types of bonds, including Treasury bonds, municipal bonds, and corporate bonds, highlighting...2024-11-2738 min
Physician Family Finances PodcastShould physicians who plan to work as long as possible have an aggressive investment portfolio?Episode Overview:In this episode, Ben Utley and Nate Reineke explore the complexities of maintaining an aggressive investment portfolio for physicians who might work well into their later years. The discussion addresses how long-term career goals could influence investment strategies, considering factors like risk tolerance, market conditions, and personal financial objectives.Key Highlights:1. Eligibility Criteria for Solo 401(k)s: - Ben and Nate clarify the eligibility requirements for solo 401(k)s, particularly for those earning both W-2 and 1099 income.2.Distinctions Between HSAs and...2024-11-2025 min
Physician Family Finances PodcastShould physicians pay off their mortgage or invest more before retiring ?Episode Overview:In this episode, Ben Utley and Nate Reineke discuss the question of whether it might be advisable for physicians to prioritize paying off their mortgage or investing additional resources as they approach retirement. The discussion highlights the balance between managing debt and exploring investment opportunities while addressing the unique financial challenges faced by physician families. Through professional insights, the hosts aim to help listeners make informed decisions that align with individual financial goals.Key Highlights:1. Transition to Empty Nesting: - The hosts explore how the transition...2024-11-1328 min
Physician Family Finances PodcastHow should physicians adjust their investments right before retirementEpisode Overview:In this episode, Ben Utley and Nate Reineke focus on the important topic of investment adjustments that physicians might want to consider as they approach retirement. They explore how these adjustments could affect financial stability and long-term goals while addressing common questions faced by physician families. Through personal anecdotes and professional insights, the hosts offer actionable advice for managing investments effectively in the years leading up to retirement.Key Highlights:1. Understanding Investment Strategy Shifts: - The hosts emphasize the importance of adjusting investment strategies as retirement...2024-11-0623 min
Physician Family Finances PodcastShould we push hard now and slow down in our 50'sEpisode Overview:In this episode, Ben Utley and Nate Reineke address the important question of whether physicians should focus on intense work and savings early in their careers to achieve the possibility of slowing down in their 50s. They discuss the financial implications of this approach, answer listener questions about managing student loans, and emphasize the necessity of aligning financial planning with personal life goals. The hosts share insights on balancing career ambitions with meaningful life experiences as families grow and evolve.Key Highlights:1. The Push Hard...2024-10-3023 min
Physician Family Finances PodcastShould we put all our resources toward our student loans?Episode Overview:In this episode, Ben Utley and Nate Reineke address essential financial decisions that physician families might encounter, particularly regarding student loan management and resource allocation. They explore strategies that could help find a balance between repaying student debt while pursuing other financial goals, such as saving for retirement and funding children's education. The discussion presents relevant examples and practical insights, highlighting how thoughtful financial planning could support the overall well-being and financial security of families.Key Highlights:1. Transition to Empty Nesting: - Ben...2024-10-2324 min
Physician Family Finances PodcastAm I eligible for a Solo 401k ?Episode Overview:In this episode, Ben Utley and Nate Reineke explore the specifics of solo 401(k) eligibility for physicians. They address common misconceptions and complexities related to retirement accounts, discussing various financial strategies that physicians might consider as they advance in their careers. The hosts share insights into the benefits and limitations of a solo 401(k), along with personal anecdotes and professional experiences.Key Highlights:1. Understanding Solo 401(k) Plans: - Ben and Nate explain the concept of a solo 401(k) and its primary benefits for...2024-10-1626 min
Physician Family Finances PodcastShould I open an ABLE account for my child with a disability?Episode Overview:In this episode, Ben Utley and Nate Reineke discuss the importance of financial planning for families with children who have disabilities, focusing on the benefits of ABLE accounts. They explain how these accounts can enhance financial security and improve the quality of life for individuals with disabilities. The hosts share personal anecdotes, address common questions, and emphasize the necessity of proactive planning to meet the unique challenges faced by these families.Key Highlights:1. Introduction to ABLE Accounts: - ABLE accounts, or Achieving a...2024-10-0922 min
Physician Family Finances PodcastPension or 403b: Which should I choose ?Episode Overview:In this episode, Ben Utley and Nate Reineke explore the important decision-making process physicians face when selecting between pension plans and 403(b) retirement plans. They discuss the specifics of each option, focusing on how these choices could affect long-term financial stability. The conversation covers common questions around retirement savings, tax considerations, and the role of financial planning as part of a comprehensive strategy for family financial health. Ben and Nate provide insights to help listeners make informed decisions that align with their personal goals and unique situations.Key Highlights:2024-10-0222 min
Physician Family Finances PodcastShould my taxable account mirror the investments in my Roth IRA?Episode Overview:In this episode, Ben Utley and Nate Reineke explore important considerations for physician families regarding investment strategies. They discuss whether taxable accounts should mirror the asset allocation of Roth IRAs, the intricacies of life insurance needs, and the significance of proactive identity protection. The hosts share personal stories and practical tips that could help physicians optimize their financial plans based on their unique situations.Key Highlights:1. Importance of Asset Allocation: - Ben and Nate explain how the asset allocation strategy might differ between...2024-09-2529 min
Physician Family Finances PodcastAt what net worth should I begin a financial plan?Episode Overview:In this episode, Ben Utley and Nate Reineke address a key question: At what net worth should you begin a financial plan? They explore various financial challenges faced by physician families, including investment opportunities, insurance needs, and handling unexpected financial situations. Drawing on real conversations with physicians, Ben and Nate offer practical insights to help listeners make informed financial decisions.Key Takeaways:1. Investing in Medical Office Buildings: - One physician considers investing in the medical office building where they practice. Ben and Nate...2024-09-1829 min
Physician Family Finances PodcastWhat Insurance Strategies Should you Consider for your Future?Episode Overview:In this episode, Ben Utley and Nate Reineke address various financial situations and questions from physician families, focusing on investment strategies, insurance options, and the effective management of inherited assets.Key Points:1. Investing $700,000: - The hosts discuss a question from an OB-GYN with $700,000 in their bank account. They emphasize the importance of having a comprehensive financial plan that includes considerations for living expenses, emergency funds, short-term goals, and long-term objectives such as retirement and education savings.2. Emergency and...2024-09-1133 min
Physician Family Finances PodcastAre adjustable rate mortgages right for you?Episode Overview:In this episode, Ben Utley and Nate Reineke discuss important financial topics for physician families, including managing inherited assets and evaluating insurance coverage. They also touch on relevant investment strategies and mortgage options in today's financial climate.Key Points:1. Consolidating Inherited Accounts: Streamlining inherited IRAs and retirement plans can simplify management and make calculating required minimum distributions (RMDs) easier.2. Disability Insurance Considerations: - A careful assessment of the necessity for disability insurance is vital, particularly as...2024-09-0431 min
Physician Family Finances PodcastShould you increase stocks before retirement?Episode Overview:In this milestone 80th episode of the Physician Family Financial Advisors podcast, Ben Utley and Nate Reineke celebrate their journey before addressing pressing financial questions from their listeners. The discussion covers essential topics such as maximizing health savings accounts (HSAs) under COBRA, best practices for rebalancing taxable accounts, and strategies for managing taxable gains. The hosts also examine college savings options, weighing the advantages and disadvantages of 529 plans versus taxable accounts, along with tips for handling unexpected housing costs. Finally, they discuss the considerations around increasing the stock allocation in a portfolio for those approaching...2024-08-2835 min
Physician Family Finances PodcastGreat income and a job I love but no balance - What should I do?Episode Overview:In this episode, Ben Utley and Nate Reineke explore estate planning and work-life balance with a focus on the unique needs of physicians. They share strategies for securing your financial future while enjoying a fulfilling personal life. The hosts discuss the key differences between wills and trusts, the significance of durable power of attorney and health care directives, and the straightforward approach of freezing your credit to prevent identity theft. Listeners will also find practical tips on outsourcing tasks and setting priorities to reclaim time and enhance overall well-being.Key...2024-08-2134 min
Physician Family Finances PodcastWhy does it feel like we don't make great money?Episode Overview:In this episode, Nate Reineke and Ben Utley discuss financial strategies for high-earning physicians. They explore how a $50,000 inheritance could potentially support your child’s education through a 529 plan and share tips on effectively managing large cash reserves in business accounts.Key Takeaways:1. 529 Plan Benefits: - Investing a $50,000 inheritance in a 529 plan could help reduce future savings needs and potentially offer good returns.- The flexibility of 529 plans includes the option to roll over funds into a Roth IRA under certain co...2024-08-1427 min
Physician Family Finances PodcastShould I be taking more risk?Episode Overview:In this episode, Nate Reineke and Ben Utley discuss socially responsible investing (SRI) and how physicians can align their investment choices with their values. They cover the importance of diversification, explore the tax implications of practice buy-in loans, and provide investment strategies that may benefit young doctors, all while addressing a listener's questions about managing financial decisions effectively.Key Takeaways:1. Understanding Socially Responsible Investing (SRI): - SRI focuses on avoiding investments in industries like tobacco and firearms.- It may lead...2024-08-0735 min
Physician Family Finances PodcastTight on cash, where do I start saving first?Episode Overview:In this episode, Nate Reineke and Ben Utley discuss financial planning tailored for physicians. They explore the challenges of high-performing stocks like Tesla and the tax implications of practice buy-in loans. The episode includes investment strategies that may benefit young doctors, along with a case study on managing gains from Tesla stocks and insights on effective saving habits.Key Takeaways:1. Financial Planning for High-Performing Stocks: - Case Study: Examination of a physician's experience with gains from Tesla stocks.- Emphasis on...2024-07-3137 min
Physician Family Finances PodcastShould I be more aggressive with my college investments?Episode Overview:
In this engaging episode, we explore the multifaceted aspects of financial planning designed specifically for physician families. Hosts Nate Reineke and Ben Utley share insights on navigating topics like home building, real estate transactions, and investment strategies—each aimed at addressing the unique circumstances faced by medical professionals. From considering the challenges and emotions of accommodating aging parents to exploring financial tools for smooth home transitions, this episode aims to offer practical wisdom. Whether you’re thinking about college savings or disability insurance, tune in to gather knowledge that may help inform decisions while balancing fami...2024-07-2427 min
Physician Family Finances PodcastShould I put my cash in treasuries?Episode Overview:
In this episode of the Physician Family Financial Advisors podcast, hosts Nate Reineke and Ben Utley, both Certified Financial Planners, discuss financial strategies for physician families. They explore how to use extra cash effectively, looking at options like U.S. Treasuries, T-bills, ultra-short-term bond funds, ETFs, CDs, and high-yield savings accounts.
The hosts also share valuable tax strategies and planning tips, addressing private family foundations, 401(k) vesting schedules, and the benefits of consulting financial advisors during job changes. They offer insights on choosing between lump sum investing and dollar cost averaging to support...2024-07-1724 min
Physician Family Finances PodcastShould you contribute to your company’s cash balance plan?Episode Overview:
Join Nate Reineke and Ben Utley as they unveil insights into optimizing retirement and investment strategies tailored for self-employed physicians. This episode explores why a solo 401(k) might be more beneficial than a SEP IRA, particularly for those considering backdoor Roth conversions. Additionally, the hosts delve into the intricacies of contributing to 457(b) plans, highlighting key differences and potential risks between governmental and non-governmental options.
Key Highlights:
1.Solo 401(k) vs. SEP IRA:
-Solo 401(k) plans often offer greater benefits than SEP IRAs for self-employed physicians, especially with higher contribution...2024-07-1032 min
Physician Family Finances PodcastAre we on track for retirement?On today’s episode we answer more of your questions!
Are we on track for retirement?
My mom and dad need a little help with money - how much can I help?
Is now the right time to upgrade in house?
Another physician inheritance: what should I do with my extra money?
I am looking at hiring a financial advisor, what questions should I ask them?
I keep getting surprised with big tax bills, what am I doing wrong?
ARE YOU GETTING ALL THE TAX BREAKS YOU REALLY DESERVE?
To find out, get you...2024-06-2038 min
Physician Family Finances PodcastHow will you invest my money?On today's episode we answer YOUR questions!
Should I stop contributing to my taxable account and 529s if we are going to move in a year?
How much can we contribute to our grandchildren's 529 accounts without going over the gift limit?
How much does college cost?
If I go with Physician Family and you manage my accounts, how will you invest my money?
Is term life insurance really the only life insurance I need?
How much life insurance should I buy?
ARE YOU GETTING ALL THE TAX BREAKS YOU REALLY DESERVE?
To find ou...2024-06-0526 min
Physician Family Finances PodcastShould I pay off my house with my inheritance?How do I use my 529 to pay for college?
Should I make regular 529 withdrawals or can I leave the 529 money in the account growing tax free as long as possible?
I received a large inheritance, should I pay off my 2.5% mortgage?
Should I count on merit based scholarships?
Should I let my 1-year CD rollover at Alliant or move it to a cash reserves account at Betterment?
How should we save up the down payment for a $2M home purchase?
2024-05-1523 min
Physician Family Finances PodcastShould I pay down debt or invest?On today’s show…
Is it finally time to pay off my student loans?
I make $700,000 a year and I want my spouse to work..am I wrong?
Should I put my college money in cash or 529s?
Did my $2M home purchase derail my retirement?
Am I putting too much in my 529?
New city, new job. Can I wait a while to start saving for retirement while everything is in flux?
Should I keep my whole life insurance?
I am retiring in 5-years, should I invest my extra cash or pay off my mortgage?
ARE YOU GETTING A...2024-05-0121 min
Physician Family Finances PodcastHow should I choose a tax preparer?On today’s show… • How do I choose the right tax preparer? • Why didn’t my automatic payment come out for my mortgage? • Should we move closer to our parents? • Should I count on hitting my RVUs? • Should I buy into my surgery center? • I am 10-years from retirement, should I cancel my life and DI insurance? • How do we combine finances in my second marriage?
Listen in to hear the answers then ask your own question by emailing us at podcast@physician family.com
ARE YOU GETTING ALL THE TAX BREAKS YOU REALLY DESE...2024-04-1717 min
Physician Family Finances PodcastAre Financial Advisors Worth it for Physicians?You’ve been waiting for it all this time. So here we are, on our 67th episode - here comes the shameless self promotion. Right? I mean what advisor doesnt think they are worth it.Well not only do we believe we are worth it, we can prove it. On today’s show, Nate and Ben share three ultra-simple moves that are so basic and so valuable that even super-smart physicians often miss out. And this missing out costs you multiples of what you might pay a decent advisor.But wait, there's more...2024-04-0329 min
Physician Family Finances PodcastPhysician College Planning: What your colleagues are saying nowPhysician culture is a funny thing. Your colleagues may be thinking the same thing you’re thinking (about paying for college) but you would never know.
Well, we do.
As our in house college planning specialist, Nate Reineke has written college plans to help the physician moms and dad we serve send more than 300 children to college.
So maybe your colleagues don’t talk to you about college but we hear about it all the time. At least three things we hear regularly cause us concern.
Are y...2024-03-2022 min
Physician Family Finances PodcastDemystifying Defined Benefit Plans with Courtenay ShipleyIf something seems too good to be true, it probably is (not?) When physicians hear that they could save tens of thousands of dollars in taxes by utilizing a Defined Benefit Plan for retirement saving, it sounds like a pipe dream.
Before you write this retirement savings tool off, think of it like this: If something seems too good to be true, it probably is for most. But if you are a high earning physician this tax savings dream could become a reality.
In today’s episode, Nate interviews guest Courtenay Shipley, the fou...2024-03-0625 min
Physician Family Finances PodcastPhysician Vacation Homes: Swipe right? Or left?Happy (somewhat belated) Valentine’s Day physician moms and dads. Did you remember to make a date or buy your sweetie flowers? If you failed it’s not too late, you can still buy them a vacation home!
But should you?
Whether they are dreaming of a house in the mountains or a condo on the beach, your colleagues often cite three reasons to tie the knot on a second home and only one will end in true love.
Listen in as Nate and Ben play real estate matchmakers by hel...2024-02-2124 min
Physician Family Finances PodcastHow Can Physicians Balance Their Health With Their Work And Family Lives?“If you don’t make time for your health now, you will be forced to make time for your illness later.”
You have heard quotes like this before but they don’t change the fact that it is difficult for physicians to make time for much of anything other than work and their family lives.
Listen in as Hannah Brandt - an expert in nutrition and helping busy physicians carve out time for a healthy lifestyle - turns the seemingly impossible task of taking care of yourself into a worthwhile journey toward a healthier...2024-02-0731 min
Physician Family Finances PodcastThree Ways Physicians Can Get The Things That Money Cannot BuyMoney won’t buy you happiness.
You have all heard this before and by and large everyone agrees with this statement, yet for many physicians your actions say otherwise.
Listen in as Nate lays out how working with hundreds of physician families has shaped his thinking on what living an abundant life really means and how you can shift your perspective about money to actually start living one.
ARE YOU GETTING ALL THE TAX BREAKS YOU REALLY DESERVE?
To find out, get you...2024-01-1817 min
Physician Family Finances PodcastGood news for physicians planning for collegeRemember the good old days?
I’m not talking about the days where teenagers consistently used words like “sir” and “ma’am”, I’m talking about when those teenagers could get away with paying for college with nothing but the income they earned from their summer jobs.
While those days are gone, the College Board just came out with some good news about the rising cost of college. Listen in as Ben and Nate break down this information and lay out best practices for physicians who are preparing to foot the modern day college tuition...2023-12-2029 min
Physician Family Finances PodcastThe wrong way to think about your physician inheritanceEinstein famously said “Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn't … pays it.”
In today’s episode Nate and Ben discover that this compounding effect is not unique to your investments with money. It works the same way with your joy and ability to create memories early in your life. Listen in to find out how thinking about your physician inheritance the right way, can help you grow the joy in your life before you ever see the money.
ARE YOU GETTI...2023-12-0630 min
Physician Family Finances PodcastOpen enrollment blunder costs physician $366,000Did you brush your teeth today? Of course you did.
But did you actually think about what you were doing? Probably not.
Insurance open enrollment is like that. It’s something you do every year and you probably don’t think about it. In fact, you just might choose to do the same thing you did last year but that could cost you hundreds of thousands of dollars over the span of your career.
Listen in as Nate and Ben break down the one thing you must do to save t...2023-11-1525 min
Physician Family Finances PodcastYour Old Physician 401k: Time Bomb or Treasure Chest?Imagine your physician Retirement Fund is one big pie. If you look closely, that pie will primarily be made of a physician 401k or 403b and the entire financial services industry wants a piece. If you’re not careful where the filling lands, you might cut them more than their fair share. Listen to Nate and Kyle discuss how to keep more 401k money for yourself on your journey to retirement.
ARE YOU GETTING ALL THE TAX BREAKS YOU REALLY DESERVE?
To find out, get your copy of The Overt...2023-11-0135 min
Physician Family Finances PodcastPhysician investing basics: what are ETFs?Investing is a strange thing: the less you pay, the more you get.
And for physician investors, keeping more of what you earn means paying less taxes on your investments.
For the past three decades Exchange Traded Funds (ETFs) have made it easy for all investors to own a balanced, diversified, low cost, tax efficient portfolio.
But what are ETFs and how can you use them?
Listen in as Ben and Nate discuss some ETFs basics and explain why physicians should own them today.
...2023-10-1829 min
Physician Family Finances PodcastPhysician retirement planning sucks, now what?Imagine a big sack of donuts. Now imagine a big stack of plywood.
What do these have in common?
They are stories Ben and Nate share on today’s show.
While every physician wants to be responsible with money, most physicians come to realize that retirement planning simply sucks.
It’s laborious, time consuming and overwhelming.
So what do you do?
Listen in to find out how you can have your cake and eat it too.
2023-10-0433 min
Physician Family Finances PodcastPhysician student loans, what should you do right now?Fake news. It’s everywhere and some people even believe it. Some unintentional fake news you have heard recently is that Public Service Loan Forgiveness is not real.
In today's show, Ben and Nate share stories of real live physicians who have gotten real relief through the Public service loan forgiveness program.
We break down the must-know news about student loan forgiveness for doctors and tell you exactly what you gotta do right now to get yours.
And if you are a physician who is making payments on private stud...2023-09-2027 min
Physician Family Finances PodcastTax loss harvesting: another hidden physician tax breakEvery physician wants to lower their tax bill. But, of all the best-known tax strategies for doctors that you may have heard about, which ones are both possible and worth your time? Tax loss harvesting just might be the winning answer for a mid-career physician.
Listen in as Kyle and Nate discuss tax loss harvesting and if it’s right for you
ARE YOU GETTING ALL THE TAX BREAKS YOU REALLY DESERVE?
To find out, get your copy of Th...2023-09-0624 min
Physician Family Finances PodcastNew baby? Take an inside look at real college planningCollege is getting more and more expensive every year. For most people, the cost of college results in a six-figure ball and chain of student loan debt.
Have you ever wondered how your children can show up to their college graduation ceremony free from this financial burden?
Listen in on some LIVE college planning with Nate and Chelsea where they discuss setting a college goal, investment strategy and saving a TON on taxes.
ARE YOU GETTING ALL THE TAX...2023-08-1630 min
Physician Family Finances Podcast7 things physicians can do with extra money nowLets face it; you have WAY too much cash in the bank. Maybe you got a buy-out. Or an inheritance. Or maybe cash has been piling up in your bank account because you just haven’t had time to invest it.
Well, now is the time to think about all the things you can do with that extra money and maybe even start to take action.
Join Nate and Ben to learn how you can stop letting inflation pick your pocket and start putting your money t...2023-08-0220 min
Physician Family Finances PodcastHow doctors can spot bad target date fundsGood medicine requires a good treatment plan for each patient and the tools needed to implement it. But what do you do when your most efficient tool is broken?
Listen in as Nate asks Kyle what to do when you have a sound treatment plan for your investments - target date investing - but the target date funds in your 401(k) are busted.
ARE YOU GETTING ALL THE TAX BREAKS YOU REALLY DESERVE?
To find out, get your copy...2023-07-1928 min
Physician Family Finances Podcast7 Questions to ask your next physician financial advisorHave you ever hired a babysitter? You know, someone you trust to love and care for your child while you’re away?
Well, hiring a financial advisor is a lot like that. If you’re looking for a new financial advisor, you’ll undoubtedly want to ask all the right questions. In this episode, Ben and Nate give you seven questions you can use to choose not just a good advisor but a great one.
Pro Tip: If you already have a great financial advisor, share this...2023-07-0532 min
Physician Family Finances PodcastIs Real Estate Really For Doctors?Doctors are smart and real estate is real but is real estate the right investment for real smart doctors?
The answer is no.
Listen in as Ben and Nate discuss the four reasons why physicians – at least those who want to focus on their marriages, their children and their practices – can just say NO to the problems, perils and broken promises of real estate investing.
ARE YOU GETTING ALL THE TAX BREAKS YOU REALLY DESERVE?
To find out, get your copy of The Ov...2023-06-2122 min
Physician Family Finances PodcastIs Physician Happiness Even A Thing?Is “physician happiness” an oxymoron? Sometimes it may seem that way but you may be surprised to hear that some physicians have cracked the code on happiness. On this episode, Ben Utley, CFP® and Nate Reineke, CFP® discuss the Medscape Physician Lifestyle & Happiness Report 2023 in an effort to understand why physicians reported being less happy this year.
ARE YOU GETTING ALL THE TAX BREAKS YOU REALLY DESERVE?
To find out, get your copy of The Overtaxed Doctor's Retirement Investing Checklist at https://physicianfamily.com/go
...2023-06-0726 min
Physician Family Finances PodcastFinancial Freedom: Do Doctors Actually Retire Early?If you’re a physician, you’ve probably heard of F.I.R.E. (financial independence, retire early). It sounds amazing, but do physicians *actually* retire early? Why or why wouldn’t you? On this episode, Nate Reineke, CFP® is joined by Chelsea Jones, CFP®, our in-house Retirement Planning Specialist, to discuss the balancing act between working to save like crazy versus enjoying more life early on in your career. ARE YOU GETTING ALL THE TAX BREAKS YOU REALLY DESERVE? To find out, get your...2023-05-1724 min
Physician Family Finances PodcastExploring Physician Mom Guilt with Sandra Rood M.D.If raising a physician family is like a circus, then physician moms are the jugglers keeping all the balls in the air. “You’ve got to know which balls are glass and which ones are rubber so you know which one it’s okay to drop,” says Dr. Sandra Rood, our guest in this episode. As a pediatrician, a wife and mother to a special needs child, Sandra walks us through her journey of physician motherhood and offers a few pearls you can use to assuage the never ending guilt that comes with raising a child 2023-05-0328 min
Physician Family Finances PodcastPhysician 401k, Right or Roth?What do neurosurgeons and otolaryngologists have in common? Beyond the polysyllabic nature of their titles, they are both high earning physicians AND four out of five of them are making a BIG tax mistake with their 401ks. Specifically, they’re choosing the Roth 401k, not the right one or the “Traditional” 401k. Listen in as Ben and Nate walk through the basics and build on them to arrive at the ultimate cost of this often overlooked decision. Hint: It’s WAY more than you t...2023-04-1920 min
Physician Family Finances PodcastWhy Do Physicians Get Big Surprise Tax Bills?How was your tax bill this year? Was it smooth and easy? Or did you get a nasty surprise? If you have ever felt the shock and awe that comes from a surprise tax bill bomb, this episode is for you. Listen in as Ben and Nate discuss the top three reasons why young physicians, mid-career physician investors and self-employed doctors sometimes get hit with unnecessarily high taxes AND learn what you can do about it now, before another big bill comes you...2023-04-0513 min
Physician Family Finances PodcastWhat is the best investment for VA & military doctors?When it comes to financial stuff, the US government usually gets a bad rap. But the Federal Employees Retirement System Thrift Savings Plan (FERS TSP) is a major exception. Ben and Nate field a question from a US Air Force Reserves flight doctor about how to invest in the TSP. Tune in to learn why this 401k-like plan is so awesome and why one of the funds in the lineup is so unique it’s worth a second look. Listen to the end where we weave together the best parts of the TSP with an after-tax account to come up...2023-03-1514 min
Physician Family Finances PodcastTax free, investing for physicians just got more interestingBonds are boring, aren't they? Well, not anymore. Recent rate increases make bonds more interesting than they've been in years. Better, some bonds yield interest that's tax-free, making them a match for many overtaxed physician families. Listen in as Ben and Nate answer questions like: • What is a bond? • How do they work? • How c...2023-03-0126 min
Physician Family Finances PodcastVUL-nerable No More: Unwinding Variable Universal Life Insurance for DoctorsDo you remember that guy? You know, the friendly insurance agent you met when you were a resident? That was back when you thought everybody was as honest and well-intentioned as doctors are. And that was at a time when you and your family were vulnerable not only to the whims of fate but the advances of greedy life insurance agents, too. They should have sold you a load of inexpensive term life insurance. Instead, they shook the tax stick at you and made you believe variable universal life insurance (VUL) was the way to go. 2023-02-1531 min
Physician Family Finances PodcastSexy Financial Planning for Physician FamiliesFor Valentine’s Day, we thought about getting you a big box of chocolates, but we decided to give you something less fattening and more fascinating: five tips to rekindle the flame of financial intimacy in your monetary marriage. We scoured the internet in a search for “how to talk about money with your spouse” but we came up practically empty handed. What we found instead was loads of advice about how to talk about sex, and we realized these two hot topics have a lot in common. Listen in as Ben and Nate share practical wisdom about how to spi...2023-02-0122 min
Physician Family Finances PodcastWhy is Physician Tax Advice SO Broken?The tax code is so complicated that even doctors–some of the smartest people on the planet–struggle to make sense of it all. And the one person who is supposed to help, your tax preparer, doesn’t seem to care. Join Ben and Nate as they break down the three “tax things” most physicians want and discuss why the average tax preparer won’t give you the one thing you really need: a solid strategy to actually reduce your tax bill GET MORE FROM PHYSICIAN FAMILY 2023-01-1825 min
Physician Family Finances PodcastWhy NOT Choose Physician Family Financial AdvisorsAs we look forward to 2023, we also look back on 2022. We found many physician families who are so happy they’ve been with us for years, and decades even, while others move on after a brief engagement. This got us thinking about who is a match for us and who might be happier elsewhere. At Physician Family Financial Advisors, we hope our advice will help you live a more bountiful, less taxing life with more quality time to spend with your loved ones. But that’s not what everybody wants from us. Tune in to hear the three reasons some...2023-01-0418 min
Physician Family Finances PodcastThe Physician Retirement Time MachineWhat do you need to focus on throughout your career to enjoy a happy retirement? Today, it’s time to hop in the “Physician Retirement Time Machine” to see how things might look a couple of decades from now. How can you graduate from a successful career with a smile on your face, a song in your heart and an unexplainably healthy glow about yourself? Tune in to gain some vital inspiration and a quick laugh or two as Ben and Nate reveal a few ways you can reshape your daily existence to make life worth living both NOW and in...2022-12-2133 min
Physician Family Finances PodcastThe Simple Truth About College Savings for DoctorsWhat is the simple truth about college savings for doctors? When do physicians need to start saving for their children's college education? How much should a doctor save for public or private college and how can you use a 529 plan to save money? Tune in to learn the answer to these questions and become an informed parent surrounding your child’s college savings. ASK A QUESTIONGET OUR NEWSLETTERTo catch all the great stuff we didn’t mention in today’s show, su...2022-12-0719 min
Physician Family Finances PodcastThree New Tax Mistakes Doctors Will Make in 2023There are three new tax changes happening for 2023. Although they may seem insignificant, the changes can have big impacts for financial security down the road. Tune in to learn what you as a physician need to know about these changes and how to adjust your IRA, 401K, and HSA accounts accordingly. These small adjustments are a necessity and could put money in your pocket. GET OUR NEWSLETTER To catch all the great stuff we didn’t mention in today’s show, subscribe to our...2022-11-1616 min
Physician Family Finances PodcastShould Physicians STOP Investing Now?Nowadays, investments are looking unfavorable, which leads to the question: should physicians keep investing? The answer is yes! You should continue to invest. The state of the economy is creating an ideal time to purchase investments, trusting that the market will rise again as it has in the past. Are you prepared with a spread of investments? If all of your money is in stocks, it’s time to reconsider those investments. Tune in today to learn about the Investor Smile and why now is still a great time to invest money. ASK...2022-11-0215 min
Physician Family Finances PodcastPhysician Retirement: How to Double Your Money in Half the TimeThrough strategy, habits, and mindset change, physicians can easily double their money in half the time to create a comfortable retirement. Using the rule of 72, you can determine the amount needed to invest to reach your retirement goals, and how long it will take to get there. Tune in today to learn how doctors can feel confident they are on track for retirement, and how to shift your mindset to invest more sooner. ASK A QUESTION Send your questions about taxes, investing, ext...2022-10-1916 min
Physician Family Finances PodcastThe Single Best Tax Deduction for Physicians Might be the HSAWhat might be the single best tax break for a physician’s family? Surprisingly, a health savings account (HSA) may be the right option for your physician family. An HSA account is a vehicle where a physician can save on taxes when money is deposited for future health care expenses. So, how does a physician qualify for an HSA account? What is the tax break of an HSA for a physician? Tune in to learn how the HSA account can be used, how it can be invested, and the benefits of the account post-retirement. 2022-10-0518 min
Physician Family Finances PodcastHow Much Life Insurance Do Doctors Really Need?What does a physician need to know about life insurance? What is the difference between cash value and term insurance? Do you have at least the average amount a physician needs to have in a life insurance policy? Tune in for answers to these important life insurance questions and to find out how much life insurance a physician family really needs. Getting started is easier than you think. ASK A QUESTION Send your questions about taxes, investing, extra money, retirement, college, and fi...2022-09-2137 min
Physician Family Finances PodcastHow to Save Huge Taxes with a Cash Balance Plan for PhysiciansToo often physicians will overlook benefits that can boost their retirement. A cash balance plan offers huge tax savings and is a type of defined benefit plan. So what are defined benefit plans, and how can a cash balance plan offer these huge tax savings? A physician who skips over a defined benefit plan could miss out on a large sum of money. Tune in today to learn more about how a physician can use a defined benefit plan as a pension plan. ASK A QUESTION ...2022-09-0721 min
Physician Family Finances PodcastHow much house should I buy as a doctor?Are you a physician who’s trying to decide how much house to buy? Buying a home is a big deal, so Ben and Nate pose important questions to ask yourself when looking to purchase a home. Questions range from the practical, such as calculating your earnings and expenses, to the intuitive, digging deep within yourself and identifying the reason behind this purchase and how it serves your family. Before you buy your next house, ask yourself smarter questions to make a better decision for your family.
ASK US A QUESTION
2021-09-2116 min
Physician Family Finances PodcastWhen should I start teaching my kids about money?Using the Answer Line, Margie, a physician mom practicing in Texas, asks a common but difficult question about when to start talking about money with kids. Learn how to start the conversation as Ben and Nate offer real life examples of teachable moments you might see in your own household. Even better, we tell what NOT to do when teaching your kids about money. Listen in to avoid the big mistakes and gain some courage and insights about how you can lead your kids into the not so friendly financial world.
ASK US A...2021-07-1419 min
Physician Family Finances PodcastWho should listen to the Physician Family Financial Advisors Podcast?Physician moms and dads: wouldn't it be sweet if there was a podcast made just for you? We hope this is it. Welcome to the Physician Family Financial Advisors Podcast, where we turn today’s worries about money into a comfortable feeling of financial security to last you and your family a lifetime. As CERTIFIED FINANCIAL PLANNER™ professionals, we are here to answer your questions about how to become financially secure. And as parents, we are here to help you raise financially responsible children. In this first episode, we talk about exactly which doctors should listen and what makes us q...2021-07-0919 min