One of Biden's campaign pledges was to provide student loan relief. Well that day has appeared to come… at least to some degree. Based on the overview of Biden's three-part plan, most ER Docs won't benefit because of income that surpasses the thresholds. While that may be true in some cases, digging into the details presents potentially a different story.

On this episode, we get into how there is actually tremendous opportunity here for many ER Docs, even those with high income. So don't rule yourself out just yet.

If you fail to plan, you plan to fail. That couldn't be truer when it comes to imagining your retirement. ER Docs get so busy and caught up in the day-to-day grind that it can be difficult to find time to envision a reality, perhaps 10, 20, or 30 years away. But thinking about it and discussing it can actually provide comfort and motivation in the present.

On today's episode, we'll evaluate what "retirement" or "financial independence" means for different people and discuss why having a plan, even if that plan changes over time, is the best way to buffer yourself against all future uncertainties.

It's important to remember: The IRS is your partner in everything you do. We know ER Docs already pay a lot in tax. The last thing you want is to get audited and potentially pay even more tax. So will the IRS hiring 87,000 new agents over the next 10 years mean more audits and potentially more tax paid in the coming years for ER Docs?

We'll explore that question and take a look into the current state of the IRS in this episode.

There are several financial "rules of thumb." Take not exceeding 28% of your gross pay on your mortgage payment or maintaining 6 months of spending as cash reserves, as examples. And while these may not be adequate for everyone, they can serve as a general guideline and promote action where otherwise action would not have been taken otherwise. In that sense, these guidelines carry positive influence.

In the same vein, on today's episode we'll discuss a principle that not only applies to personal finance, but bleeds into all aspects of life. It's called the Pareto Effect.

The K-1 is an animal. It's the tax form that reports the earnings, losses, dividends and more in pass-through businesses like S Corporations and partnerships. A large portion of ER Docs receives K-1 income – either issuing their own via S Corp, receiving one as a partner in a small or large group, or even as an investor in a limited partnership venture. In any case, the form itself is highly confusing, not in the least bit cut and dry, and overall not something to be taken for granted.

That's why in this episode, we get into the nitty gritty of what K-1 income is, the different ways to handle and report it, of course, ways to reduce your taxable income when receiving it, and some landmines to watch out for.

It's human nature to want to escape a situation that is worsening. House is on fire? It's probably best to get out. Boat is capsizing? The saying "abandon ship" exists for a reason. Given this reoccurring theme, we as humans are "anti-deterioration", if you will. But when it comes to the stock market, is that the right mentality to have? To answer that, it takes an evidence-based look at things that, once viewed, may paint another picture.

On today's episode, we'll explore this topic and what the evidence says about what you should do with any extra cash you're waiting to invest.

Applying for a residency is stressful. There's the matching process, applications, interviews, and looming questions like "Will I get my first choice?", "Will I get at least somewhere in my top 5?", and inevitably, "Will I get a match at all?" With a looming theory that EM is getting more and more competitive, the landscape for MS4s seems tougher than ever. But is that the reality?

We'll dig deeper into the theory of competitiveness and more on today's episode.

With new legislation comes new opportunities… and sometimes hurdles. That's why it's vital we stay diligent in keeping up with the financial-related topics being tossed around in Congress. Sure, some Laws or Acts never end up seeing the light of day. But today's retirement plan-specific proposals have received almost unanimous bi-partisan support positioning them as highly likely to pass later this year.

We're talking about the SECURE Act 2.0 and all of the very EP-specific changes it contains on today's episode.

It's never fun seeing your investment portfolio go down in value. But with uncertainty, volatility, disruption, and shifts presents opportunity.

In a previous episode, we referenced five action items to take during a downturn. In this episode, we'll re-evaluate one of those topics: the Roth IRA – probably the most powerful, yet illusive type of retirement account available to ER Docs. We'll get into how supercharging it during market downturns can add tremendous flexibility to an otherwise limited financial situation.

The most alluring investment is one that is guaranteed with a high rate of return. What if I were to tell you an investment option that checkmarks both of those boxes does exist right now? You'd probably be eager to get more information.

On today's episode, we'll talk about I Bonds, give some background into them, and even inform you on how to buy them. But are they all what they're cracked up to be? We'll also get into the drawbacks that keep this from being a life-changing investment it appears to be on the surface.