Money Meets Medicine Podcast

MMM #26: The 457 Plan. A Secret FIRE Weapon?

Non-governmental 457 plans are among some of the most confusing retirement plans that exist.  Yet, they can also prove to be one of the most effective ways to bridge the early retirement gap before age 59.5 for those who plan to retire early.  Want to know the details? Keep reading to find out more.

What You’ll Learn: 

In the latest Money Meets Medicine you’re going to learn everything you need to know about 457 plans, including: 

Physician Contract Reviews

 

  • Why the 457 plan may be the best route for FIRE.
  • The difference between 401k, a 403b, a 457, and more! 
  • The pros and cons of 457s.
  • The difference between a governmental and a non-governmental 457 plan.
  • What’s the best investment option for you? 
  • And more! 

Resources from the Episode:

Should I Invest in My 457 Plan?

Vanguard Calculator for Retirement Number

This Episode’s Sponsor

This episode is brought to you by Physician Wealth Services.  You may have heard of it before, and that’s because it is the flat fee-only firm run by none other than my co-host Ryan Inman.  

I’ve known Ryan for some time now and I can tell you two things about Ryan that stand out.  The first is his practice structure, which provides a fair flat fee that is both transparent and fair.  It certainly meets the gold-standard that I tell my students to find. The second is that Ryan and his practice partner Kayce do everything within their power to optimize and individualize plans to best suit their clients’ needs.   

This is one of the reasons that Physician Wealth Services makes my very small list of recommended financial planners.  If you want to see if Physician Wealth Services would be a good fit for you, visit https://thephysicianphilosopher.com/Inman to schedule a free introductory call. That’s https://thephysicianphilosopher.com/Inman

Listener Question of the Week:

This episodes’ listener question comes from Tommy Thompson via twitter, 

How do I figure out how much I need to retire?

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]

Subscribe in Your Podcast Player:

If you love the show – and want to provide a 5-star review – please go to your podcast player of choice and help other listeners find the Money Meets Medicine Podcast, too!  If you think that our podcast is terrible, send me an email and I will throw your email into the trash consider your constructive criticism to improve the show.

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

TPP

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

You might also be interested in…

Are you ready to live a life you love?