Money Minutes for Doctors

SECURE Act 2.0: Can Doctors Roll Over 529 Plans into Roth IRAs? [Podcast]

To learn more about these topics or access the previous episode Katherine mentioned, check out these hand selected posts: Roth IRAs for Doctors Podcast: https://mdfinancialadvisors.com/money-minutes-for-doctors/roth-iras-podcast?rq=Roth%20IRA 529 Plans Podcast: https://mdfinancialadvisors.com/money-minutes-for-doctors/529-day-podcast?rq=529 SECURE Act 2.0 Article by Josh Lantz: https://mdfinancialadvisors.com/blog/secure-act-2?rq=529%20plan

4 Tax Rules for Doctors’ IRA Contributions [Podcast]

As we approach Tax Day, it's essential to ensure you've maximized your IRA contributions for 2023, so today we're tackling the intricacies of IRA contributions and tax rules. Let's dive into four crucial rules to consider when funding your IRA and filing taxes.

Organizing Your Tax-Relevant Documents: Quick Tips for Doctors [Podcast]

Welcome back to More Money Minutes for Doctors. Tax Day will be here before we know it! Today's discussion revolves around a topic that promises to ease your future burdens: organizing your 2023 tax-related documents and beyond.

Mastering the Minimum Effective Financial Dosage for Doctors [Podcast]

Welcome back to More Money Minutes for Doctors. Today we delve into a crucial topic: determining the minimum effective financial dosage for doctors to achieve lasting financial security. In the realm of financial advice, countless articles offer tips for enhancing your finances. However, just as doctors prescribe the minimum effective dose for patients, should there not be a similar approach for doctors managing their finances? Let’s explore this concept.

Financial Considerations for Women in Medicine [Podcast with Dr. Kristy McAteer]

Understanding the Financial Dynamics of Pursuing a Doctor's Fellowship [Podcast with Dr. Kristy McAteer]

A Doctor's Guide to Avoiding Four Crucial Financial Pitfalls [Podcast]

Managing personal finances can often take a back seat to a doctor’s demanding schedules. However, overlooking key financial decisions in the early stages of a medical career can lead to long-term setbacks. Today we’re discussing common financial mistakes made by young doctors and offer strategies to avoid them.

1099 Tax Shelters for Doctors [Podcast]

For medical professionals navigating the intricacies of finance and retirement planning, understanding the distinctions between retirement account options is crucial. Two popular choices, the Sep IRA and the Solo 401K, present distinctive benefits and considerations. Here, we break down the key elements of each, shedding light on their respective advantages and limitations.

Small Steps Toward Financial Freedom for Doctors [Podcast with Dr. Kristy McAteer]

4 Numbers Every Doctors Needs to Know [Podcast]

Today Katherine Vessenes is joined by Josh Lantz as they discuss four numbers that are crucial for doctors wanting to retire with money in the bank.

Doctors and Burnout [Podcast with Dr. Kristy McAteer]

In the landscape of modern medicine, the alarming rise of burnout among physicians has prompted critical discussions about how to sustain your careers and well-being. With the ever-increasing demands of medical practice, doctors find themselves facing unique financial challenges. In this episode, we delve into the insights shared by Katherine and Kristy who sheds light on the financial implications of burnout and offers practical strategies for physicians to embrace a life of abundance and c...

Physician Mortgages [Podcast]

Today Josh Lantz is joined by Neil Surgenor, a Physician Loans Specialist at TD Bank, and our topic of conversation is Physician’s Mortgages. Neil is going to tell us about the pros and cons of this doctor-targeted product.

Credit Card Info for Doctors Part 2 [Podcast with Dr. Kristy McAteer]

We’ve come here today to ask the questions like, what credit card offers should we avoid, when should we utilize our cards, how do we truly take advantage of the various awards and points schemes available in this wide, plastic world?

Credit Card Info for Doctors Part 1 [Podcast with Dr. Kristy McAteer]

We’ve come here today to ask the questions like, what credit card offers should we avoid, when should we utilize our cards, how do we truly take advantage of the various awards and points schemes available in this wide, plastic world?

Midterms and Markets for Doctors [Podcast]

Election day is fast approaching. As it draws near, there are more and more speculations about what will happen to the markets. This speculation leads to a lot of apprehension and doctors asking, “Katherine, should I take my money out of the market?” The answer is almost always, “no”, and today we’ll discuss why.

Doctors, Here are 10 Questions to Ask Your Prospective Financial Advisor [Podcast]

Want to start building your investments and planning for retirement? Have no idea where to start the conversation about your personal finances? Well, you’re not alone! Here are the top 10 questions to ask when comparing prospective financial advisors:

EE Bonds and I Bonds for Doctors

We’ve recently touched on down markets, inflation, and how to protect yourself from their effects. While we typically say down markets are a great time to invest in the stock market, we also want to share options on more conservative/stable investment options when the market is anything but. Government bonds are a low-risk way to invest with a consistent, guaranteed interest rate.

EE Bonds and I Bonds for Doctors [Podcast]

We’ve recently touched on down markets, inflation, and how to protect yourself from their effects. While we typically say down markets are a great time to invest in the stock market, we also want to share options on more conservative/stable investment options when the market is anything but. Government bonds are a low-risk way to invest with a consistent, guaranteed interest rate.

How-to for Doctors: Teaching Your Children About Money [Podcast]

In the famous words of Alice Cooper, “school’s out for summer”! Yes, summer vacation is here, and the question is: how are you going to keep your kids from bouncing off the walls for the next three months? This could be the perfect time to teach your kids about money, and the importance of saving. Whether they’re 4 or 16, there’s never a bad time to teach them about the fundamentals of money and savings goals. How do we, as parents, help our children out financially? Of course we can start t...

How to for Doctors: Teaching Your Children About Money [Podcast]

In the famous words of Alice Cooper, “school’s out for summer”! Yes, summer vacation is here, and the question is: how are you going to keep your kids from bouncing off the walls for the next three months? This could be the perfect time to teach your kids about money, and the importance of saving. Whether they’re 4 or 16, there’s never a bad time to teach them about the fundamentals of money and savings goals. How do we, as parents, help our children out financially? Of course we can start t...

2022 Proposed Tax Changes that Will Impact Doctors [Podcast]

We can finally let out a sigh of relief as we put tax season 2021 behind us! This means we have plenty of time to prepare for the 2022 tax season, and educate ourselves on the proposed tax changes. As we do every year, we are watching for any changes in federal and state tax law that will affect our doctors in the next year, and impact their retirement.

Market Downturns for Doctors [Podcast]

How will the state of our current geopolitical events impact your investments? It is nearly impossible to avoid the news and the speculation of what will come. While so much is uncertain, one thing we can prepare for is that our economy will most likely feel the effects of global unrest in the for of a market downturn. Today, we’ll cover how we prepare, how we can take advantage of a down market, and share some statistics that might help you get to sleep at night.

10 Observations Over 10 Years of Working With Doctors [Podcast]

April 2021 marked MD Financial's 10 year anniversary of working exclusively for doctors. In that time we've learned so much about what makes you doctors resilient, compassionate, and have also learned about where you need our help the most.

Love and Money for Doctors [Podcast]

Love is in the air this month, but there's something familiar to us all that has the ability to turn that air sour. Money. Love and money are both something we'd consider human necessities, but they don't always mesh well. Studies have shown that roughy 40% of divorces occur because of how the other spouse handled money. Let's keep the love alive!Join us this week as Katherine and Kristy talk about love and money. Specifically how to broach the subject with your significant other before it h...

Physical and Financial Health for Doctors [Podcast]

Happy New Year! In the past, have you set sparkling New Year's resolutions, only to have them fizzle out by February? Now is the time to reflect on the past year, and to start new, healthy habits. What are the top resolutions for people every year? To get healthier and make more money, of course. We’ve found that both of those goals take a similar strategy to achieve.

Physical and Financial Health [Podcast]

Happy New Year! In the past, have you set sparkling New Year's resolutions, only to have them fizzle out by February? Now is the time to reflect on the past year, and to start new, healthy habits. What are the top resolutions for people every year? To get healthier and make more money, of course. We’ve found that both of those goals take a similar strategy to achieve.

Doctors, Get Your Kids through College Debt-Free, Part 2 [Podcast]

Back in April of 2021 we talked about maximizing SAT and PSAT scores as a means to get maximum college funding; in this episode we’ll be focusing on making your child more captivating to admissions boards and more qualified for scholarships.

Getting Your Kid Through College Debt-Free, Part 2 [Podcast]

Back in April of 2021 we talked about maximizing SAT and PSAT scores as a means to get maximum college funding; in this episode we’ll be focusing on making your child more captivating to admissions boards and more qualified for scholarships.

Doctor's Estate and Inheritance Tax [Podcast]

Whether you are on the receiving end of an inheritance or are doing your own estate planning, today’s podcast topic is something every doctor needs to be thinking about.

Estate and Inheritance Tax [Podcast]

Whether you are on the receiving end of an inheritance or are doing your own estate planning, today’s podcast topic is something every doctor needs to be thinking about.

Financial Margins [Podcast]

We mention financial wellness often, but what does that look like? Surprisingly, it looks a lot like wellness in every other part of your life; margins are necessary to make sure you account for the unknown and make space for what matters. You create margins for your mental, physical, and emotional wellbeing, and financial margins are just as important. They can even help bring you peace in other areas as well.

Financial Margins for Doctors [Podcast]

We mention financial wellness often, but what does that look like? Surprisingly, it looks a lot like wellness in every other part of your life; margins are necessary to make sure you account for the unknown and make space for what matters. You create margins for your mental, physical, and emotional wellbeing, and financial margins are just as important. They can even help bring you peace in other areas as well.

The Cascade Catastrophe Plan [Podcast]

When things go wrong or when the unexpected happens (like all of 2020) we want our clients to feel that they’re prepared. This is why we help our clients build a “Cascade Catastrophe Plan.” With this plan in place, our doctors are able to take financial obstacles in stride without throwing off their whole retirement plan.

The Doctors's Cascade Catastrophe Plan [Podcast]

When things go wrong or when the unexpected happens (like all of 2020) we want our clients to feel that they’re prepared. This is why we help our clients build a “Cascade Catastrophe Plan.” With this plan in place, our doctors are able to take financial obstacles in stride without throwing off their whole retirement plan.

Investment Chutes and Ladders [Podcast with Dr. Kristy McAteer]

We know your financial well-being isn’t a game, so this week Katherine is interviewed by Brown University's Dr. Kristy McAteer as they discuss some strategies for climbing your investment ladders, and help you avoid some perilous financial chutes.

Investment Chutes and Ladders [Podcast]

We know your financial well-being isn’t a game, so this week Katherine is interviewed by Brown University's Dr. Kristy McAteer as they discuss some strategies for climbing your investment ladders, and help you avoid some perilous financial chutes.

Investment Chutes and Ladders for Doctors [Podcast]

We know your financial well-being isn’t a game, so this week Katherine is interviewed by Brown University's Dr. Kristy McAteer as they discuss some strategies for climbing your investment ladders, and help you avoid some perilous financial chutes.

9 Retirement Landmines [Podcast]

Today, we’re covering some helpful tips on how to avoid 9 major landmines while gaining financial independence and saving for retirement.

9 Retirement Landmines of Doctors [Podcast]

Today, we’re covering some helpful tips on how to avoid 9 major landmines while gaining financial independence and saving for retirement.

5 Key Estate Planning Tips for Doctors [Podcast]

If you’re unfamiliar with the term, estate planning is the preparation of tasks to manage an individual's assets in the event of their death. This may seem like a far-off notion to some doctors, but you should be thinking about estate planning today!

Inflation [Podcast]

Inflation occurs when the prices of goods and services increases steadily over time. This results in consumers buying fewer of these goods and services with every dollar saved. Can we predict inflation? How do we prepare for it? Can we rest at night with so little control over it?

Inflation Info for Doctors [Podcast]

Inflation occurs when the prices of goods and services increases steadily over time. This results in consumers buying fewer of these goods and services with every dollar saved. Can we predict inflation? How do we prepare for it? Can we rest at night with so little control over it?

Side Gig Income: Consulting [Podcast]

This week Katherine interviews Jim Mangraviti, Jr, Esq. principal of SEAK. Founded in 1980, SEAK’s purpose is to help doctors learn how they can supplement their income through non-clinical work. Today’s conversation is focused mainly on consulting.

A Doctor's Side Gig Income: Consulting [Podcast]

This week Katherine interviews Jim Mangraviti, Jr, Esq. principal of SEAK. Founded in 1980, SEAK’s purpose is to help doctors learn how they can supplement their income through non-clinical work. Today’s conversation is focused mainly on consulting.

Retirement Basics for Doctors [Podcast]

This week Katherine is interviewed by Brown University’s Dr. Kristy McAteer. They have an info-packed discussion about what to expect leading up to, and transitioning into, retirement.

Retirement Basics [Podcast With Dr. Kristy McAteer]

This week Katherine is interviewed by Brown University’s Dr. Kristy McAteer. They have an info-packed discussion about what to expect leading up to, and transitioning into, retirement.

Retirement Basics [Podcast]

This week Katherine is interviewed by Brown University’s Dr. Kristy McAteer. They have an info-packed discussion about what to expect leading up to, and transitioning into, retirement.

Risk Tolerance for Doctors [Podcast]

How do you know if you are taking the right amount of risks in your investment portfolio? This is a common quandary among our clients, because the “right amount of risk” for you today, can and will change in the future. Today’s episode will cover the many ways we assess doctors’ risk tolerance.

Risk Tolerance [Podcast]

How do you know if you are taking the right amount of risks in your investment portfolio? This is a common quandary among our clients, because the “right amount of risk” for you today, can and will change in the future. Today’s episode will cover the many ways we assess doctors’ risk tolerance.

Doctors, It's National 529 Day [Podcast]

May 29th is National 529 Day! In celebration, we will go over the 7 things doctors should know about 529 plans.