As the new year begins, it’s the perfect time for ER doctors to hit the reset button on their finances. In this episode, we’ll explore how to create a financial game plan that works for your unique career and lifestyle.

From setting achievable money goals to tackling student debt and maximizing investments, this episode will help you start the year on the right foot. Let’s turn your financial resolutions into reality.

Today we're diving deep into a retirement strategy that's gaining traction—we'll call it "phased retirement." Instead of the traditional abrupt transition from full-time work to complete leisure, phased retirement allows Emergency Physicians to gradually wind down their careers by transitioning to locum tenens positions. 

This approach offers a multitude of benefits, both financial and psychological, which we will discuss.

Today, we’re revisiting a topic that keeps coming up in our conversations with clients and listeners—how to best approach your retirement contributions, specifically when it comes to choosing between pre-tax retirement accounts and post-tax brokerage accounts. 

We'll get into the math involved with the decisions and when it may be appropriate to lean towards one over the other.

As we close out the year, it’s the perfect time for a financial checkup. While we often focus on our savings rate during our working years, once we transition into retirement, the spotlight shifts to something equally, if not more, important: our spending rate.  

Today, we’re diving into how the way we spend impacts our long-term financial security, and why taking a step back to reflect on our spending habits at the end of the year is essential for making sure we’re on track.

As the year wraps up, it’s time to turn our attention to the essential financial tasks that need to be checked off before January 1st, 2025. In today’s episode, we’ll walk you through the key deadlines and action items for your year-end financial checklist—everything from maxing out retirement contributions to taking care of your RMDs.

Whether you're a W-2 employee or a 1099 contractor, there are some critical moves to make before the clock runs out. So, let’s dive in and make sure you’re ending the year on a strong financial note.

Today, we’ll break down the latest updates on 401(k), IRA, and HSA limits for 2025, and forecast the tax landscape under the new administration. We’ll also look at the possible extension and expansion of the TCJA, the SALT cap, and tax credits—and even provide a few things you may want to do before year-end and things you may want to wait to do until after the new year kicks off.

We’re diving into a topic that many people overlook when it comes to their finances—the importance of working with a unified financial team.

We recently received a question from an investment manager of a client we only handle tax services for, and it sparked an important discussion about the need for clear communication between financial professionals. Specifically, we’re looking at how IRA conversions can be impacted when tax planning and investment advice aren’t fully coordinated. We’ll also explore why splitting your financial advisors could actually lead to more confusion and missed opportunities. So, let’s break it all down and see why having one cohesive team in place is so crucial for making the best decisions for your financial future.

So today, we're diving into our post-election world, with a focus on student loans. Trump, plus a Republican majority in the Senate, means there's, at minimum, uncertainty on the horizon as it pertains to loan programs - income-driven, PSLF, SAVE, and anything in between.

If you’ve got student loans or you’ve been planning your path to forgiveness, we'll try to unpack what you may want to do now before things change and it's too late.

In this episode, we explore the Roth vs. Traditional retirement account decision specifically for ER docs. With high income, fluctuating tax brackets, and the potential for major tax changes in the future, choosing the right account can significantly impact your long-term financial strategy.

We break down the pros and cons of each account type, discuss how to leverage tax planning opportunities during your career and retirement, and help you navigate the complexities of saving for the future while balancing the unique financial challenges of being an ER doctor.

With the market performing well recently, many of you may find yourselves sitting on sizable gains in your portfolios. But how do you navigate these gains effectively to optimize your tax situation? 

On today's episode, we'll break down the mechanics of tax-gain harvesting—what it is, when to use it, and how it can potentially save you money—alongside the more familiar tax-loss harvesting strategies.