Money Meets Medicine Podcast
MMM #35: Pearls on How to Manage Your Student Loans
What You’ll Learn:
In this episode of Money Meets Medicine, “Peals on How To Manage Your Student Loans,” you’re going to learn:
- How the CARES Act effects your student loans.
- The right way to take care of the burden of student loans.
- The do’s and don’t’s for the money you’re saving.
- When the’s the right time to refinance your student loans.
- And more!
Resources from the Episode:
This Episode’s Sponsor
Medical Degree to Financially Free provides a 5 Step Process to help you pay down debt, invest toward individualized goals, and find the financial freedom you deserve. It is a 5-week course that offers live office hours with Jimmy Turner each week and a 14-day no-questions asked money back guarantee. Practice Medicine Because You Want To…Not Because You Have To… Use link: https://financialresidency.com/MDFree
Listener Question of the Week:
Today’s listener question comes from Dusty Schuett:
“Have a question for you about 401ks for spouses not currently working. My wife has a 401k from a prior job. She’s currently doing the stay at home mom and homeschool teacher for a 2nd grader, preschooler and a 2 year old. Her 401k currently has fairly high expense ratio options. I’d love to get her out of that 401k into a more efficient fund. Can I roll that money into her IRA and do a back door conversion to Roth so that we can keep doing Backdoor Roth’s? Without any income, I’m assuming that I cannot start a solo 401k for her without any income correct? I’m starting to do some 1099 work and am considering hiring her to help with that which would allow me to create a 401k for her, she could then roll the prior 401k into the new 401k that I would manage, correct?”
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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