Money Meets Medicine

Everyone has heard of a backdoor Roth IRA, but what’s the big deal with Roth IRA’s anyway? Today, Dr. Lisha Taylor and I are going to be talking about Roth IRA money for physicians. This is an important topic because doctors often need to use any tax-advantaged space they can get their hands on since we normally have a high savings rate. So join us today to learn what a Roth IRA is and why you should seriously consider one as a physician.

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Looking to increase your financial literacy? Check out Medical Degree Financial University → https://MDFU.co

You might be looking for tax loopholes for doctors as we enter everyone’s favorite time of year. The truth is there are tips and tricks that you likely are not taking advantage of as a doctor that will help you reduce your taxes. In this episode, we will give you the top things you can do now (and for the future) to save money on your taxes as a doctor.

Looking for own-occcupation disability insurance check out → setforlifeinsurance.com

Looking to increase your financial literacy? Check out Medical Degree Financial University →
https://mduf.co

One thing we can agree on about today’s topic is this: doctors historically are under-savers.

But when it comes to physician money management, exactly how much doctors should be saving is hotly contested. How much and how you save is going to depend on your own financial goals and your current situation – the status of your student loans, whether you’re married or have kids or plan to start a family when you want to retire, etc.

In this episode, we’ll give you two different options for figuring out how much money you should save – regardless of your situation.

Looking for own-occcupation disability insurance check out → setforlifeinsurance.com

Looking to increase your financial literacy? Check out Medical Degree Financial University →
https://mduf.co/

Doc, are you thinking about making some New Year’s resolutions that involve your personal finances? Hopefully that is a loud YES. Well, today on the podcast we are talking all about financial goals for the New Year that you likely have as a physician.

Let’s be honest… we all love learning from other people’s financial mistakes. It is like a slow-motion car accident. You just can’t take your eyes away. Money mistakes are going to happen, and we are going to discuss a few common financial mistakes that doctors make. Come join Lisha and I as we discuss our share of financial mistakes, and some of them are very common and might resonate with you on episode this episode of Money Meets Medicine.

With all the recent changes surrounding student loans, it’s easy to fall out of the loop. If you’re not up-to-date on public service loan forgiveness (PSLF) and other rule changes related to repayment of your medical school loans, you’ll want to tune into our conversation.

We’re answering this question from a Money Meets Medicine listener:

“Once I refinance my student loans, how can I get student loan forgiveness if I change my mind?”