Money Meets Medicine Podcast

MMM #14: How to Avoid Getting Eaten By a Bear… Market

The unprecedented run in the bull market finally came to a halt with all of the COVID-19 madness.  The ensuing bear market has consumed its fair share of victims. I’ve received emails asking me if I am “stockpiling for the end of the world” and whether people should move to cash until it “hits the bottom”.  Sorry to admit this, but I can’t predict the future… if I could, I would be living in Vegas. So, if you are concerned about the Bear market, this podcast episode is for you. Don’t get eaten by the Big Hungry Bear!

What You’ll Learn:

In today’s episode of Money Meets Medicine, “How to Avoid Getting Eaten By a Bear… Market” you’re going to learn:

Physician Contract Reviews

 

  • What to do in time of stock market crisis!
  • How fear can destroy your finances.
  • Why now is the time to tax loss harvest (and what that even means).
  • Whether or not you should mess with your 457 plan.

Resources from the Episode: 

Should I Sell When the Market is Low? Dealing with the Bear Market

Your Fear of Loss Impacts Your Finances

Lazy Workers are Bad; Lazy Portfolios Are Great

Surviving Quarantine, Pandemic and a Market Crash

Uncertain Times Call for Tax Loss Harvesting

The Cost of Missing the Best Days in the Market (JP Morgan Study)

Dow Jones best/worst gains in market

Vanguard Risk Tolerance Tool

Should I invest in my 457 plan?

This Episode’s Sponsor

Kaplan FinancialThis episode is brought to you by Robert Kaplan, CFP of Kaplan Financial which can be found at Kaplan Financial .  Robert specializes in serving the unique disability insurance needs of over 2,500 physicians nationwide.  Robert, who has been married to a practicing physician for over 25 years founded Kaplan Financial in 1990.  Kaplan Financial is the place to go for objective and experienced financial advice, discounted rates on individual disability insurance, and a long-term commitment of superior service.

So, if you are in need of disability insurance, don’t hesitate to reach out to Robert at KaplanFinancial.net or if you prefer email or phone you can email Robert at [email protected] or call him directly at 818-783-6620.

Listener Question of the Week:

Today’s listener question comes from Dr. Ani Bindal:

Should I put money in an employer 457b given craziness within medicine?

Each episode, we are going to start including listener questions as they are provided to us.  So, if you have a specific question you’d like answered on the podcast reach out to us!  Email [email protected] or [email protected]

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Seriously, though, go leave a review.  It helps others find the Money Meets Medicine podcast, too.

TPP

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