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From Ramen to Ribeye: Smart Money Moves for New Attendings
Doctors know best... about medicine. Book a free intro call to give your finances a second opinion. Just browsing? Learn more about us at SLP Wealth.
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify, or Amazon Music
- Leave an honest review on Apple Podcasts
- Follow us on YouTube at Financially Free Physicians
The leap from resident to attending is a defining moment in any physician’s career — bringing more income, more responsibility, and new financial decisions. SLP Wealth financial planner Angie Pack, CSLP®, joins us to explore what this transition really looks like, both professionally and personally. We’ll discuss managing your first attending salary, avoiding lifestyle creep, and making smart financial moves like Roth IRA contributions - and how to do them right. Angie shares her journey, offering insight into the real-world adjustments she and her husband faced after residency. If you’re stepping into this next phase, this episode will help you build a strong foundation for the future — without the financial missteps.
Key moments:
(07:59) The truth about “living like a resident” as an attending — does it really pay off? (18:28) Why a Roth IRA is one of the smartest financial moves for residents (22:19) The pro-rata tax rule and what it means for your backdoor Roth conversion (29:27) A sneaky way to take advantage of low student loan payments before residency ends (33:25) Imposter syndrome doesn’t end with residency
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By Sim Terwilliger, CFP®, CSLP®
Doctors know best... about medicine. Book a free intro call to give your finances a second opinion. Just browsing? Learn more about us at SLP Wealth.
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify, or Amazon Music
- Leave an honest review on Apple Podcasts
- Follow us on YouTube at Financially Free Physicians
The leap from resident to attending is a defining moment in any physician’s career — bringing more income, more responsibility, and new financial decisions. SLP Wealth financial planner Angie Pack, CSLP®, joins us to explore what this transition really looks like, both professionally and personally. We’ll discuss managing your first attending salary, avoiding lifestyle creep, and making smart financial moves like Roth IRA contributions - and how to do them right. Angie shares her journey, offering insight into the real-world adjustments she and her husband faced after residency. If you’re stepping into this next phase, this episode will help you build a strong foundation for the future — without the financial missteps.
Key moments:
(07:59) The truth about “living like a resident” as an attending — does it really pay off? (18:28) Why a Roth IRA is one of the smartest financial moves for residents (22:19) The pro-rata tax rule and what it means for your backdoor Roth conversion (29:27) A sneaky way to take advantage of low student loan payments before residency ends (33:25) Imposter syndrome doesn’t end with residency