Money Meets Medicine

Did you know that as interest rates rise, the value of bonds falls? Should you even care about that? Are bonds a good investment for doctors? In this episode, we’re tackling these questions and discussing the purpose of bonds in a doctor’s portfolio, as well as the nuance of our current high interest environment

Maybe you’re starting your intern year and you’re considering investing as one of your steps in that journey. As July approaches, maybe you’re transitioning as a trainee from an institution or to a new job, you might be asking yourself, “Should I be investing in pre-tax vs Roth?”

It’s a really interesting topic and an important question, especially as interest rates and inflation changes.

It often pays to work smarter, not harder, yet many doctors put in more and more hours to make more money in medicine. But is working more always a good idea?

With inflation and interest rates being what they are, one of the most common questions that we get nowadays is, “Should I invest or pay off debt? What should I be doing with my money?”

Physician finance isn’t your run-of-the-mill financial strategy. We have certain exceptions and special circumstances to watch out for. And sometimes even the most seasoned pro can make money mistakes. We’re still human, after all.

So let’s normalize the idea that we’ll run into snags and learn new lessons as we work to figure out our personal finance goals.

One of the things you’ll know about us at Money Meets Medicine is that we’re big proponents of saving or investing money. When you get to the point as a physician where you think, “All right, I’m going to start investing money”, your next question usually is:

“How do I do that?”

For a lot of physicians, one of the easiest ways to get started is by investing through your retirement accounts at your job. Many doctors choose to invest through retirement accounts because of the tax benefits that those accounts give you.

But a taxable brokerage account is an investment option outside your typical retirement accounts.