Avsnitt
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Most physicians assume their first contract is a “standard agreement” that everyone signs without question. But as Kyle Claussen, CEO of Resolve, reveals in this episode, there’s no such thing as a truly standard physician contract.
From compensation structures to non-compete clauses and tail coverage, every detail can significantly impact your financial future and career flexibility. Yet, many doctors accept these contracts at face value, unknowingly leaving money on the table or committing to restrictive terms that could hinder them down the road.
By the time a physician realizes a contract term is unfair, it’s often too late. That’s why Kyle emphasizes the importance of negotiation—even for new attendings who feel they have little leverage.
With insights into compensation benchmarks, legal loopholes, and real-life examples of contract pitfalls, this episode equips physicians with the knowledge they need to advocate for themselves. Whether you’re reviewing your first contract or renegotiating your current one, this conversation is a must-listen for any doctor who wants to be treated—and paid—fairly.
Looking for help with Disability Insurance, Physician Banking, Student Loan Refinancing, Physician Mortgages, Contract Reviews, and more? Check out our "Best of the Best" sponsors page to find a list of the professionals Chad & Tyler team up with for their clients.
You will want to hear this episode if you are interested in... (0:00) Why ‘Standard Contracts’ are anything but standard (2:30) Do residents need an attorney for training contracts? (4:00) Your first attending contract: Why "standard" is a myth (7:10) Compensation pitfalls & the long-term impact of a low starting salary (9:10) The hidden dangers of tail coverage (16:00) The biggest red flags in physician contracts (24:50) Side gigs, burnout, and financial freedomThe best of the best list is a paid sponsorship, but these are professionals/companies that Tyler and Chad collaborate with within their own practices or have been vetted to earn a spot on this list. By supporting our sponsors, it allows Chad & Tyler to dedicate more time to you and the Physician Cents community. If you ever have a question (or not a great experience, which we don’t expect!) about a sponsor, please let us know. We call it the “best of the best” for a reason, and we will maintain that standard for our listeners & viewers.
Resources & People Mentioned Resolve Bain & Company Report CMS Compensation Guidelines Connect with Kyle Claussen Resolve’s website Kyle Claussen on LinkedIn Connect With Physician Cents WealthKeel LLC Olson Consulting LLC Tyler Olson on Twitter Chad Chubb, CFP®, CSLP® on TwitterSubscribe to Physician Cents
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Lots of physicians wonder: If I can manage my own investments, why pay an advisor? It’s a fair question. If you're comfortable picking index funds and setting up automated contributions, what’s left for an advisor to do?
This conversation unpacks the real value of financial planning beyond investments. From student loans and tax decisions to asset protection and estate planning, there's much more to consider than just growing a portfolio. Many assume an advisor’s worth is tied to investment management alone, but the real benefits show up in unexpected areas—especially as life and finances become more complex.
We break down when it makes sense to hire an advisor, how to recognize a good one, and whether paying for professional help actually leads to better financial outcomes. Whether you're just getting started or re-evaluating your financial team, this discussion helps bring clarity to an often misunderstood topic.
Looking for help with Disability Insurance, Physician Banking, Student Loan Refinancing, Physician Mortgages, Contract Reviews, and more? Check out our "Best of the Best" sponsors page to find a list of the professionals Chad & Tyler team up with for their clients.
You will want to hear this episode if you are interested in... (0:00) Why Pay an Advisor at all? (1:20) When to hire a financial advisor (3:29) Flat fee vs. AUM: Key differences (7:41) What to look for in an advisor (14:20) Misconceptions about financial advice (25:10) Spotting red flag advisors (34:40) Finding the right long-term fitThe best of the best list is a paid sponsorship, but these are professionals/companies that Tyler and Chad collaborate with within their own practices or have been vetted to earn a spot on this list. By supporting our sponsors, it allows Chad & Tyler to dedicate more time to you and the Physician Cents community. If you ever have a question (or not a great experience, which we don’t expect!) about a sponsor, please let us know. We call it the “best of the best” for a reason, and we will maintain that standard for our listeners & viewers.
Resources & People Mentioned Certified Financial Planner (CFP) Board Tyler Olson’s Personal Finance Resources List National Association of Personal Financial Advisors (NAPFA) Connect With Physician Cents WealthKeel LLC Olson Consulting LLC Tyler Olson on Twitter Chad Chubb, CFP®, CSLP® on TwitterSubscribe to Physician Cents
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Saknas det avsnitt?
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Managing your own investments can feel empowering—especially when you've done the research and built a solid plan. But when does the complexity of financial planning cross the line from DIY-friendly to requiring professional help?
That’s exactly what Dr. W is wondering. As a resident who's been diligently managing an all-equity portfolio, he’s now questioning when and if a financial advisor would be worth the cost. What’s the real value of professional advice, and how does it stack up against a well-educated, self-managed approach?
We unpack the tangible and intangible benefits of working with a financial planner, from tax management and asset allocation to the critical role of behavioral coaching. The answers may surprise even the most financially savvy physicians.
Looking for help with Disability Insurance, Physician Banking, Student Loan Refinancing, Physician Mortgages, Contract Reviews, and more? Check out our "Best of the Best" sponsors page to find a list of the professionals Chad & Tyler team up with for their clients.
You will want to hear this episode if you are interested in... (4:50) The financial industry’s value problem (7:10) The gap between advisor cost and value (9:10) How to tell if an advisor adds value (13:30) The hidden cost of bad advice (18:00) Why behavior & tax strategy matter (22:40) What to ask when hiring an advisor (27:30) Tax planning: the advisor’s edge (36:20) Final thoughts on advisor selectionThe best of the best list is a paid sponsorship, but these are professionals/companies that Tyler and Chad collaborate with within their own practices or have been vetted to earn a spot on this list. By supporting our sponsors, it allows Chad & Tyler to dedicate more time to you and the Physician Cents community. If you ever have a question (or not a great experience, which we don’t expect!) about a sponsor, please let us know. We call it the “best of the best” for a reason, and we will maintain that standard for our listeners & viewers.
Resources & People Mentioned Vanguard Advisor’s Alpha Michael Kitces Bogleheads Community Connect With Physician Cents WealthKeel LLC Olson Consulting LLC Tyler Olson on Twitter Chad Chubb, CFP®, CSLP® on TwitterSubscribe to Physician Cents
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What does it take to pave the way for the next generation while navigating the scars of being first? When we sat down with Steve Sample, an emergency medicine physician, we were struck by his mix of gratitude, hard-earned wisdom, and tough decisions.
From his untraditional path into medicine—starting as a young father with dreams of becoming Garth Brooks—to now supporting his daughter through medical school, Steve offered a candid look at the challenges and triumphs of being a first-generation doctor building generational wealth.
We explored the financial and emotional realities of supporting a child through one of the most expensive educational journeys out there. Together, we unpacked big questions: How do you balance a child’s dreams against daunting debt? What financial lessons can you pass along while helping them build independence? And how do families create equity among siblings while setting the next generation up for success?
Looking for help with Disability Insurance, Physician Banking, Student Loan Refinancing, Physician Mortgages, Contract Reviews, and more? Check out our "Best of the Best" sponsors page to find a list of the professionals Chad & Tyler team up with for their clients.
You will want to hear this episode if you are interested in... (00:00) How physicians manage family finances while building generational wealth (00:34) Steve Sample’s journey from aspiring musician to emergency medicine doctor (02:15) Lessons from a nontraditional path to medicine and early financial struggles (06:00) Supporting kids through medical school without sacrificing independence (16:30) Preparing for fourth-year med school costs and residency transitions (27:00) Smart strategies for retirement savings and long-term wealth building (33:40) Balancing career demands with family life and personal healthThe best of the best list is a paid sponsorship, but these are professionals/companies that Tyler and Chad collaborate with within their own practices or have been vetted to earn a spot on this list. By supporting our sponsors, it allows Chad & Tyler to dedicate more time to you and the Physician Cents community. If you ever have a question (or not a great experience, which we don’t expect!) about a sponsor, please let us know. We call it the “best of the best” for a reason, and we will maintain that standard for our listeners & viewers.
Resources & People Mentioned Air Force Health Professions Scholarship Program (HPSP) fact sheet Public Service Loan Forgiveness (PSLF) Connect with Steve Sample Steve Sample on LinkedIn -
In the last couple of episodes, we’ve started to scratch the surface when it comes to the importance of disability insurance.
Navigating the world of disability insurance as a physician can be complex, especially when it comes to understanding how medical conditions impact coverage eligibility.
In this episode of Physician Cents, Larry Keller breaks down the most common medical issues that lead to disqualification or exclusion from coverage—and what you can do to protect yourself.
From understanding Guaranteed Standard Issue (GSI) plans to spotting red flags with agents, Larry shares invaluable insights to help you make informed decisions. Tune in to learn why this foundational aspect of financial planning is critical to getting right the first time.
Looking for help with Disability Insurance, Physician Banking, Student Loan Refinancing, Physician Mortgages, Contract Reviews, and more? Check out our "Best of the Best" sponsors page to find a list of the professionals Chad & Tyler team up with for their clients.
You will want to hear this episode if you are interested in... (0:00) Introducing Larry Keller of Physician Financial Services (5:38) Common medical issues that will disqualify you from coverage (16:05) The two types of GSI plans available on the market (18:07) Some myths circulating about guaranteed standard issue offers (22:34) Red flags to watch out for with GSI agents (27:00) Why doesn’t every program offer a GSI? (28:42) How to determine if you shouldn’t get a GSI (41:39) How to find a trusted insurance agent (48:05) How disability insurance protects your futureThe best of the best list is a paid sponsorship, but these are professionals/companies that Tyler and Chad collaborate with within their own practices or have been vetted to earn a spot on this list. By supporting our sponsors, it allows Chad & Tyler to dedicate more time to you and the Physician Cents community. If you ever have a question (or not a great experience, which we don’t expect!) about a sponsor, please let us know. We call it the “best of the best” for a reason, and we will maintain that standard for our listeners & viewers.
Resources & People Mentioned Why Every Physician Needs Disability Insurance with Michael Relvas, CFP®, Ep #18 Exploring Financial New Year’s Resolutions with The White Coat Investor, Ep #20 Connect with Larry Keller Physician Financial Services Connect on LinkedIn Connect With Physician Cents WealthKeel LLC Olson Consulting LLC Tyler Olson on Twitter Chad Chubb, CFP®, CSLP® on TwitterSubscribe to Physician Cents
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Is your financial house in order for 2025? In this special episode of Physician Cents, we’re joined by Jim Dahle, the one and only "White Coat Investor," to help you tackle the financial “resolutions” every physician should embrace. From crafting a rock-solid financial plan to protecting your health and wealth, this conversation is packed with actionable advice to start the year strong.
Looking for help with Disability Insurance, Physician Banking, Student Loan Refinancing, Physician Mortgages, Contract Reviews, and more? Check out our "Best of the Best" sponsors page to find a list of the professionals Chad & Tyler team up with for their clients.
You will want to hear this episode if you are interested in... Get a financial plan in place [1:55] Get educated about debt [4:32] Invest in date nights [7:01] Get disability insurance [8:33] Spend money on something that makes you feel alive [17:51] Protect your health alongside your wealth [22:57] Be intentional with your portfolio design [25:22] Get a values-based system in place [30:25] Learn about the Physician Wellness & Financial Literacy Conference [33:22]The best of the best list is a paid sponsorship, but these are professionals/companies that Tyler and Chad collaborate with within their own practices or have been vetted to earn a spot on this list. By supporting our sponsors, it allows Chad & Tyler to dedicate more time to you and the Physician Cents community. If you ever have a question (or not a great experience, which we don’t expect!) about a sponsor, please let us know. We call it the “best of the best” for a reason, and we will maintain that standard for our listeners & viewers.
Resources & People Mentioned The Physician Wellness & Financial Literacy Conference Connect with Jim Dahle The White Coat Investor Connect on LinkedIn Connect With Physician Cents WealthKeel LLC Olson Consulting LLC Tyler Olson on Twitter Chad Chubb, CFP®, CSLP® on TwitterSubscribe to Physician Cents
Apple Podcasts
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Debt is a reality that most medical professionals face, with 78% of graduating medical students carrying substantial loans. It’s not the easiest topic to discuss, but it’s a critical one. For most, debt is a significant piece of the financial puzzle—and knowing how to manage it effectively can shape your future.
In this episode, Jenny Twomey—the Community Communications Lead at Earnest—joins us to break down loan repayment and refinancing. We’ll explore the pros and cons of refinancing, how to evaluate your loan options, and the key factors to consider when making these decisions. Whether you’re just starting out or looking to take control of your financial future, this conversation is packed with insights you can use right away.
Looking for help with Disability Insurance, Physician Banking, Student Loan Refinancing, Physician Mortgages, Contract Reviews, and more? Check out our "Best of the Best" sponsors page to find a list of the professionals Chad & Tyler team up with for their clients.
You will want to hear this episode if you are interested in... Navigating repaying private student loans [2:14] What is debt? How does it work? [8:09] Who shouldn’t consider refinancing? [11:56] Who should consider refinancing? [17:45] Learn more about refinancing options with Earnest [24:51]The best of the best list is a paid sponsorship, but these are professionals/companies that Tyler and Chad collaborate with within their own practices or have been vetted to earn a spot on this list. By supporting our sponsors, it allows Chad & Tyler to dedicate more time to you and the Physician Cents community. If you ever have a question (or not a great experience, which we don’t expect!) about a sponsor, please let us know. We call it the “best of the best” for a reason, and we will maintain that standard for our listeners & viewers.
Resources & People Mentioned Earnest.com Connect with Jenny Twomey Connect on LinkedIn Connect With Physician Cents WealthKeel LLC Olson Consulting LLC Tyler Olson on Twitter Chad Chubb, CFP®, CSLP® on TwitterSubscribe to Physician Cents
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As a physician, your income is your most valuable asset—but what happens if you’re unable to work due to illness or injury? Disability insurance is critical to protecting the investment you’ve made in your education and career. It ensures financial stability in the face of unforeseen challenges, whether it’s a car accident or a cancer diagnosis.
While premiums can be costly, especially during residency, starting with even a small policy is far better than having no coverage at all. In this episode of Physician Cents, Michael Relvas, CFP® joins us to explore the importance of disability insurance.
He covers key considerations like level versus graded premiums, and why group coverage alone often falls short. Learn how to safeguard your future against the unexpected, because your financial well-being depends on it.
Looking for help with Disability Insurance, Physician Banking, Student Loan Refinancing, Physician Mortgages, Contract Reviews, and more? Check out our "Best of the Best" sponsors page to find a list of the professionals Chad & Tyler team up with for their clients.
You will want to hear this episode if you are interested in... [1:46] Why does every physician need disability insurance? [8:18] Choosing a lower amount versus a graded premium [10:53] Understanding level versus graded premiums [16:56] Is group disability insurance coverage enough? [22:16] Why you need to know the policy language [27:48] Anecdotal evidence: Why disability insurance is necessary [33:34] Take this decision process seriouslyThe best of the best list is a paid sponsorship, but these are professionals/companies that Tyler and Chad collaborate with within their own practices or have been vetted to earn a spot on this list. By supporting our sponsors, it allows Chad & Tyler to dedicate more time to you and the Physician Cents community. If you ever have a question (or not a great experience, which we don’t expect!) about a sponsor, please let us know. We call it the “best of the best” for a reason, and we will maintain that standard for our listeners & viewers.
This podcast is for informational purposes only. Physician Cents is not affiliated with or endorsed by PAS, Guardian, or M.R. Insurance Consultants and opinions stated are their own.
Michael is a Registered Representative and Financial Advisor of Park Avenue Securities LLC (PAS). OSJ: 9200 CORPORATE BLVD, SUITE 390, ROCKVILLE MD, 20850, 240-683-9700. Securities products and advisory services offered through PAS, member FINRA, SIPC. Financial Representative of The Guardian Life Insurance Company of America® (Guardian), New York, NY. PAS is a wholly owned subsidiary of Guardian. M.R. Insurance Consultants is not an affiliate or subsidiary of PAS or Guardian. CA Insurance License #0G91249, AR Insurance License #8913976. 2024-179887 Exp 8/26
Connect with Michael Relvas, CFP® Connect with Michael on LinkedIn MR Insurance Consultants Connect With Physician Cents WealthKeel LLC Olson Consulting LLC Tyler Olson on Twitter Chad Chubb, CFP®, CSLP® on TwitterSubscribe to Physician Cents
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If you have a family member whose expenses you plan to cover every month, how do you go about it? This listener wants to give a parent a few thousand dollars a month to help them cover expenses and have spending money.
Many physicians are the highest income earners in their families. They often try to support their loved ones. How do you do this responsibly? How do you give generously without hurting yourself or the ones you’re trying to help?
We’ll help you find the right answer for yourself—using a values-based approach—in this episode of Physician Cents.
Looking for help with Disability Insurance, Physician Banking, Student Loan Refinancing, Physician Mortgages, Contract Reviews, and more? Check out our "Best of the Best" sponsors page to find a list of the professionals Chad & Tyler team up with for their clients.
You will want to hear this episode if you are interested in... Should you financially support a loved one? [2:38] Step #1: Create your own financial plan [7:11] Step #2: Consider the ramifications of gifting [13:56] Step #3: Talk to your loved ones about their finances [16:34] Step #4: Determine the best way to give [22:25]The best of the best list is a paid sponsorship, but these are professionals/companies that Tyler and Chad collaborate with within their own practices or have been vetted to earn a spot on this list. By supporting our sponsors, it allows Chad & Tyler to dedicate more time to you and the Physician Cents community. If you ever have a question (or not a great experience, which we don’t expect!) about a sponsor, please let us know. We call it the “best of the best” for a reason, and we will maintain that standard for our listeners & viewers.
Resources & People Mentioned Gusto Zelle Apple Cash Connect With Physician Cents WealthKeel LLC Olson Consulting LLC Tyler Olson on Twitter Chad Chubb, CFP®, CSLP® on TwitterSubscribe to Physician Cents
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Most physicians aren’t planning ahead for their finances during their training and residency—they’re surviving. Many assume that once they’re a full-fledged doctor, any financial issues will be resolved. You may be thinking about marriage, kids, or buying a home. But financial decisions aren’t typically top-of-mind.
So in this episode of Physician Cents, we’ll cover some of the basic things newly minted physicians need to think about with special guest Dr. Kaveh Hoda.
Looking for help with Disability Insurance, Physician Banking, Student Loan Refinancing, Physician Mortgages, Contract Reviews, and more? Check out our "Best of the Best" sponsors page to find a list of the professionals Chad & Tyler team up with for their clients.
You will want to hear this episode if you are interested in... Dr. Hoda’s biggest concerns during training [2:24] Why physicians shouldn’t hastily buy a home [4:56] Safe ways to save your money [10:53] A conversation about 529 plans [15:20] Starting a private practice: S Corp versus LLC [21:23] Is Locum Tenens work becoming more common? [31:53] Check out Dr. Hoda’s podcast! [36:53]The best of the best list is a paid sponsorship, but these are professionals/companies that Tyler and Chad collaborate with within their own practices or have been vetted to earn a spot on this list. By supporting our sponsors, it allows Chad & Tyler to dedicate more time to you and the Physician Cents community. If you ever have a question (or not a great experience, which we don’t expect!) about a sponsor, please let us know. We call it the “best of the best” for a reason, and we will maintain that standard for our listeners & viewers.
Resources & People Mentioned Corporate Dissolution or Liquidation: Form 966 Connect with Dr. Kaveh Hoda Check out Dr. Hoda’s podcast: House of Pod Connect With Physician Cents WealthKeel LLC Olson Consulting LLC Tyler Olson on Twitter Chad Chubb, CFP®, CSLP® on TwitterSubscribe to Physician Cents
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We are often asked whether or not physicians should buy or lease a vehicle. While doctors are stereotyped for having expensive and flashy vehicles, we all want to make wise financial decisions when it comes to choosing a vehicle.
People often spout that leasing a vehicle is just throwing money away. But is it? It can be argued that there is a time and place for leasing a vehicle over buying. We dive into the different nuances of buying vs leasing in this episode of Physician Cents.
Looking for help with Disability Insurance, Physician Banking, Student Loan Refinancing, Physician Mortgages, Contract Reviews, and more? Check out our "Best of the Best" sponsors page to find a list of the professionals Chad & Tyler team up with for their clients.
You will want to hear this episode if you are interested in... [3:00] Buying a car is a values-based conversation [4:53] What do you value in a car? [12:33] It’s not about keeping up with the Joneses [14:22] Is leasing a bad idea? [18:08] Bonus of leasing: You don’t handle repair costsThe best of the best list is a paid sponsorship, but these are professionals/companies that Tyler and Chad collaborate with within their own practices or have been vetted to earn a spot on this list. By supporting our sponsors, it allows Chad & Tyler to dedicate more time to you and the Physician Cents community. If you ever have a question (or not a great experience, which we don’t expect!) about a sponsor, please let us know. We call it the “best of the best” for a reason, and we will maintain that standard for our listeners & viewers.
Connect With Physician Cents WealthKeel LLC Olson Consulting LLC Tyler Olson on Twitter Chad Chubb, CFP®, CSLP® on TwitterSubscribe to Physician Cents
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What are some important things to consider the year you leave your residency and enter your first attending job? Transitions, no matter what they are, are typically accompanied by financial considerations. But there are many things that new physicians have to consider, from bonuses and contract negotiations to tail insurance and benefits packages. We tackle a few need-to-know topics in this episode of Physician Cents.
Disclaimer: We are not attorneys and this is not legal advice. Please consult an attorney for all matters pertaining to contract negotiations.
Looking for help with Disability Insurance, Physician Banking, Student Loan Refinancing, Physician Mortgages, Contract Reviews, and more? Check out our "Best of the Best" sponsors page to find a list of the professionals Chad & Tyler team up with for their clients.
You will want to hear this episode if you are interested in... Your first contact is your most important contract [3:17] What bonus structure are you being offered? [8:01] Get sufficient tail insurance coverage [17:21] Don’t neglect your total benefit package [20:43] Intellectual property, call responsibility, and other minute details [22:56] A final note about Roth IRA contributions [27:38]The best of the best list is a paid sponsorship, but these are professionals/companies that Tyler and Chad collaborate with within their own practices or have been vetted to earn a spot on this list. By supporting our sponsors, it allows Chad & Tyler to dedicate more time to you and the Physician Cents community. If you ever have a question (or not a great experience, which we don’t expect!) about a sponsor, please let us know. We call it the “best of the best” for a reason, and we will maintain that standard for our listeners & viewers.
Resources & People Mentioned New Attendings: Let’s Tackle Debt, Emergencies, and Taking Vacations, Ep #6 New Attendings: Let’s Navigate Risk Management, Estate Planning, and Investing, Ep #7 Connect With Physician Cents WealthKeel LLC Olson Consulting LLC Tyler Olson on Twitter Chad Chubb, CFP®, CSLP® on TwitterSubscribe to Physician Cents
Apple Podcasts
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As a woman in medicine, you’ve been in medical training, residency, and fellowship for years. You have to come up with the mental space and courage to ask for help with student debt or saving for retirement. You may have randomly looked for someone to work with—and found yourself often disappointed.
In this episode, Meg Bartelt, CFP®, RICP®, MS—the owner of “FLOW Financial Planning”—shares a few ways you can simplify the process to find the best financial planner for you.
Looking for help with Disability Insurance, Physician Banking, Student Loan Refinancing, Physician Mortgages, Contract Reviews, and more? Check out our "Best of the Best" sponsors page to find a list of the professionals Chad & Tyler team up with for their clients.
You will want to hear this episode if you are interested in... Meg’s background in financial planning [1:45] Finding a financial planner to work with [4:03] How to vet a financial planner [7:02] What should women ask differently? [10:38] Financial advisors: how to better serve women [14:17] What if your spouse is in a different field? [19:01]The best of the best list is a paid sponsorship, but these are professionals/companies that Tyler and Chad collaborate with within their own practices or have been vetted to earn a spot on this list. By supporting our sponsors, it allows Chad & Tyler to dedicate more time to you and the Physician Cents community. If you ever have a question (or not a great experience, which we don’t expect!) about a sponsor, please let us know. We call it the “best of the best” for a reason, and we will maintain that standard for our listeners & viewers.
Connect with Meg Bartelt FLOW Financial Planning Meg’s blog Connect on LinkedIn Follow on Twitter Connect With Physician Cents WealthKeel LLC Olson Consulting LLC Tyler Olson on Twitter Chad Chubb, CFP®, CSLP® on TwitterSubscribe to Physician Cents
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Most traditional mortgages require at least 5% down on the home. Depending on where you’re located, you may be looking at putting $10,000 down plus the addition of closing costs of 3% of the purchase price. That’s a lot of cash to have on hand, which most physicians don’t have right out of training.
Enter the physician mortgage. For many physicians, this is the answer they’ve been looking for. But it can also be a trap. In this episode of Physician Cents, we share what a physician mortgage is, why they’re offered, and why you shouldn’t always take advantage of one.
Looking for help with Disability Insurance, Physician Banking, Student Loan Refinancing, Physician Mortgages, Contract Reviews, and more? Check out our "Best of the Best" sponsors page to find a list of the professionals Chad & Tyler team up with for their clients.
You will want to hear this episode if you are interested in... Is a physician mortgage a trap? [1:13] Conventional vs physician mortgage [4:04] The origination of physician mortgages [7:52] Don’t buy when you can rent [9:00] Stay tuned for a future episode! [12:59]The best of the best list is a paid sponsorship, but these are professionals/companies that Tyler and Chad collaborate with within their own practices or have been vetted to earn a spot on this list. By supporting our sponsors, it allows Chad & Tyler to dedicate more time to you and the Physician Cents community. If you ever have a question (or not a great experience, which we don’t expect!) about a sponsor, please let us know. We call it the “best of the best” for a reason, and we will maintain that standard for our listeners & viewers.
Connect With Physician Cents WealthKeel LLC Olson Consulting LLC Tyler Olson on Twitter Chad Chubb, CFP®, CSLP® on TwitterSubscribe to Physician Cents
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The most powerful tool in personal finance is compound interest. That’s why we advise physicians to stop overthinking and just get started. Ultimately, there’s no magic secret sauce to investing.
Start by diversifying, lowering your costs, and controlling your emotions. We share why it’s so important to get started and how to choose your investment approach in this episode of Physician Cents.
Looking for help with Disability Insurance, Physician Banking, Student Loan Refinancing, Physician Mortgages, Contract Reviews, and more? Check out our "Best of the Best" sponsors page to find a list of the professionals Chad & Tyler team up with for their clients.
You will want to hear this episode if you are interested in... Why you should start investing now [1:50] Investing is having optimism in humanity [8:02] The highs and lows of investing [10:23] How to approach your choices [14:12] Simplify your investment approach [20:37]The best of the best list is a paid sponsorship, but these are professionals/companies that Tyler and Chad collaborate with within their own practices or have been vetted to earn a spot on this list. By supporting our sponsors, it allows Chad & Tyler to dedicate more time to you and the Physician Cents community. If you ever have a question (or not a great experience, which we don’t expect!) about a sponsor, please let us know. We call it the “best of the best” for a reason, and we will maintain that standard for our listeners & viewers.
Connect With Physician Cents WealthKeel LLC Olson Consulting LLC Tyler Olson on Twitter Chad Chubb, CFP®, CSLP® on TwitterSubscribe to Physician Cents
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The average American spends more time planning a vacation than they do insurance planning. There aren’t a lot of big ticket items that need to be more carefully considered than health insurance.
And as we’re moving into open enrollment season, there are a few things you’ll want to know when it comes to choosing healthcare coverage for the following year.
Keep in mind that we will never tell a client what plan to choose. Our goal is to explain the pros and cons to help clients narrow down their options. We’ll cover the details you need to know to make an informed decision in this episode of Physician Cents.
You will want to hear this episode if you are interested in... What have your insurance needs been historically? [1:12] Framing high-deductible health plans through an HSA [5:05] The investment options with HSAs [10:42] How to determine the best health plan for you [13:07] HSAs convert into retirement accounts [19:17] Connect With Physician Cents WealthKeel LLC Olson Consulting LLC Tyler Olson on Twitter Chad Chubb, CFP®, CSLP® on TwitterSubscribe to Physician Cents
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Why would a physician consider a side gig? If you’re still in training, you can go from making $15 an hour to 6-8x that. Someone who’s completed training may take on work to supplement their income.
Moonlighting could look like anything from expert witness testimony work to medical record reviews. Whatever the dollar amount is, you have to remember you’ll have to set money aside for taxes. If you don’t plan for taxes at the outset, you’ll end up with a large tax bill.
What else do you need to know before you start moonlighting? We cover three important topics in this episode of Physician Cents.
You will want to hear this episode if you are interested in... Tip #1: Do some tax planning[1:23] Tip #2: Consider your investment opportunities [12:58] Tip #3: Consider additional insurance [19:47] Resources & People Mentioned Tax payments to the IRS Connect With Physician Cents WealthKeel LLC Olson Consulting LLC Tyler Olson on Twitter Chad Chubb, CFP®, CSLP® on TwitterSubscribe to Physician Cents
Apple Podcasts
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A Backdoor Roth allows you to create tax-free growth on some of your excess savings. It gets a lot of attention because it feels like you’re doing something wrong (you’re not, we promise). So what do you need to know about the Backdoor Roth IRA? What errors do we commonly see?
The Backdoor Roth is a fantastic tool. And while converting money into a Backdoor Roth IRA isn’t as complicated as it’s made out to be…there are a few things you should know before you dive in. We’ll talk through those in this episode of Physician Cents.
You will want to hear this episode if you are interested in... How a Backdoor Roth IRA works [1:12] #1:The Pro Rata Rule [3:48] #2: The Step Doctrine [7:40] Use an accountant the first time [12:52] Resources & People Mentioned Form 8606 Connect With Physician Cents WealthKeel LLC Olson Consulting LLC Tyler Olson on Twitter Chad Chubb, CFP®, CSLP® on TwitterSubscribe to Physician Cents
Apple Podcasts
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You’re tackling your debt, building up an emergency fund, and planning a much-needed vacation. What’s next for new attendings? Risk management, estate planning, and investing your new income. In this episode of Physician Cents, we’ll share where we think you should start to give yourself the future you deserve.
You will want to hear this episode if you are interested in... Risk Management: Disability and term life insurance [2:28] Estate planning: Wills, living wills, and power of attorney [8:10] Focus on maxing out your 401K, 403B, or TSP [11:42] Why you’d want to consider a Deferred Compensation Plan (457B) [15:58] These are incredibly important issues that can’t be neglected [25:47] Connect With Physician Cents WealthKeel LLC Olson Consulting LLC Tyler Olson on Twitter Chad Chubb, CFP®, CSLP® on TwitterSubscribe to Physician Cents
Apple Podcasts
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You’ve finished your training and you’re about to start an attending position. Congratulations! What should you do with your newfound cash? Should you pay off your debt? Should you build an emergency fund? Should you go on a vacation?
Here’s an interesting thought—Why not all three?
We advise our clients to do all of these things because they’re all important. Yet it can seem incredibly difficult to prioritize and plan. So in this episode, we’ll lay out how and when we’d tackle each of these areas.
You will want to hear this episode if you are interested in... Why you need to take a vacation [4:33] Pay off high-interest debt quickly [10:47] Build an emergency fund [18:51] What we’re covering in Part 2 [23:05] Connect With Physician Cents WealthKeel LLC Olson Consulting LLC Tyler Olson on Twitter Chad Chubb, CFP®, CSLP® on TwitterSubscribe to Physician Cents
Apple Podcasts
Audio Production and Show Notes by - PODCAST FAST TRACK - Visa fler
