Physician Cents

What are the pros and cons of the newest income-driven repayment plan: Saving on a Valuable Education (SAVE)? What should you look out for? Who shouldn't apply for a SAVE plan? These are just a few of the questions we tackle in this episode of Physician Cents. As you're wrapping up school and launching your career, you need to be mindful of your financial future. Don't let these issues catch you by surprise.

• Learn more about Tyler's collaborative teaching effort [2:26]
• Need-to-know changes for Federal Loans [5:08]
• The impact of the one-time adjustment [11:51]
• What is most appealing about SAVE? [15:42]
• Deciding whether to file jointly or separately [19:21]
• Why your long-term student loan plan matters [23:54]
• Who shouldn't apply for a SAVE plan? [25:33]
• Remaining notes about pesky private loans [27:19]

• The IDR Waiver
• The White Coat Investor
• Student Loan Planner
• StudentLoanAdvice

• WealthKeel LLC
• Olson Consulting LLC
• Tyler Olson on Twitter
• Chad Chubb, CFP®, CSLP® on Twitter

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Audio Production and Show Notes by - PODCAST FAST TRACK

Welcome to the first episode of Physician Cents! We've designed our podcast specifically for physicians to simplify complex finances and help you navigate your financial journey alongside your medical journey.

Our first episodes will cover a lot of the conversations you typically have once you've been matched with your residency. In this episode, we're going to tackle budgeting, and the steps you'll need to take to pay off Federal and private student loans.

You have a lot of big decisions to make about your financial future as you begin navigating life as a new resident. Let us be the ones to simplify the process for you.

• Itemizing expenses that you know are coming [2:24]
• Budgeting for a resident's salary [7:57]
• Start tackling Federal student debt [15:14]
• Navigating income-driven repayment plans [26:40]
• Paying down private loans [28:57]

• Federal Student Aid Website
• Public Service Loan Forgiveness Application Form
• The SAVE Plan
• FreeTaxUSA
• YNAB
• Tiller
• Monarch
• SoFI Medical Resident Refinance
• Credible

• WealthKeel LLC
• Olson Consulting LLC
• Tyler Olson on Twitter
• Chad Chubb, CFP®, CSLP® on Twitter

Subscribe to Physician Cents on Apple Podcasts

Audio Production and Show Notes by - PODCAST FAST TRACK