Money Meets Medicine Podcast
MMM 67: Mistakes Doctors Make When Switching Jobs
Switching jobs in medicine is extremely common. In fact, over 50% of doctors change jobs within 2-5 years of signing a contract. And, honestly, this is one of the most common opportunities to make a financial mistake. This explains why one of the most common questions we hear is what someone should do with their financial situation when they change jobs.
From backdoor Roth IRA mistakes to not maxing out retirement accounts – this episode covers it all. Join in as we discuss the mistakes you should avoid if you are switching jobs (or ever plan to).
Today You’ll Learn
- How to get your investments right when changing jobs.
- The one mistake to avoid so that a Backdoor Roth IRA is still available to you after switching jobs.
- How to avoid a massive student loan mistake that could cost you hundreds of thousands of dollars
- And more!
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Information is one thing – behavior is another.
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So allow me to say from the start: I’m not against financial advisors, but I am against doctors (or anyone, really) being overcharged for bad advice.
There’s no shame in asking for help – you just want to get the help you need at a fair price.
You should be equipped enough to vet and evaluate your financial advisor so you’ll know whether they’re working well on your behalf. How can you be as confident as possible they’re acting in your best interest? This episode will help you find out.