You’ve planned, you’ve saved, and finally, you've retired. Now it’s time to spend what you’ve saved and enjoy all the retirement vacations you’ve been planning. Listen in as Nate Reineke and Chelsea Jones dive into when you should start proactive backdoor Roth conversions and what accounts you should withdraw from first. We also break down what approaches you can use if donating to charity is part of your retirement goals and how working part-time may impact your Social Security. Be sure to listen to the end to hear the one lever you can pull if life suddenly changes while you’re retired and you don’t want to go back to work. Are you ready to turn worries about taxes and investing into all the money you need for college and retirement? It’s time to make a plan and get on track. To find out if we’re a match visit physicianfamily.com and click get started or, you can ask a question of your own by emailing [email protected]. See marketing disclosures at physicianfamily.com/disclosures

Summer means vacations, and vacations can lead to splurges. While following a plan is important, the occasional splurge is inevitable, even for the pros. Listen in as Nate Reineke, Chelsea Jones, and Kyle Hoelzle reveal their recent splurges and give some ideas on what extra cash can be used for. They also break down steps physicians can take to protect their accounts from being hacked, the general order you should follow when it comes to making withdrawals from your retirement accounts, and why your automatic 529 contributions may stop. Be sure to listen to the end to hear when it may be worth recognizing some capital gains taxes for the sake of rebalancing your portfolio. Are you ready to turn worries about taxes and investing into all the money you need for college and retirement? It’s time to make a plan and get on track. To find out if we’re a match visit physicianfamily.com and click get started or, you can ask a question of your own by emailing [email protected]. See marketing disclosures at physicianfamily.com/disclosures

Summer is a great time to teach kids about finances by running a lemonade stand or selling ice cream at the park. However, if you try to teach them too much, kids will miss some of the important stuff. Physicians are no different and can miss some vital elements when it comes to investing. Listen in as Nate Reineke and Kyle Hoelzle break down some of the most common mistakes physicians make when it comes to investing. We discuss UTMAs and Minor Roths, diving into the pros and cons of each and if they may be right for your family. We also look at the importance of filling out IRS Form 8606 every year, what to consider if you are eligible for two retirement plans, and why you shouldn’t have a target date fund in you brokerage account. Are you ready to turn worries about taxes and investing into all the money you need for college and retirement? It’s time to make a plan and get on track. To find out if we’re a match visit physicianfamily.com and click get started or, you can ask a question of your own by emailing [email protected]. See marketing disclosures at physicianfamily.com/disclosures

As a physician parent, you went through more school than the average Joe. You may think you know the system but college admissions is constantly evolving. Listen in as Nate Reineke and Ben Utley are joined by Lorry Krone, M.A., C.A.C, a certified college admissions counselor. From the San Francisco Bay Area, Lorry helps students from across the country get into the school that is the right fit for them. We discuss some of the best practices that you can start with a young child, what helps kids stand out, some common myths and misconceptions that parents have, and why it is important to have a list of college options. If you want to work with Lorry, you can reach her at [email protected] or visit their website, andersonandkrone.com. Are you ready to turn worries about taxes and investing into all the money you need for college and retirement? It’s time to make a plan and get on track. To find out if we’re a match visit physicianfamily.com and click get started or, you can ask a question of your own by emailing [email protected]. See marketing disclosures at physicianfamily.com/disclosures

The One Big Beautiful Bill remains long and confusing. Some people think that the new tax laws are barking mad, while others are wagging their tails with delight. Listen in as Ben and Nate are joined by Ken Eremita, CPA and his dogs. From his Los Angeles office, Ken breaks down what SALT deductions are and how the changes could result in big tax savings for docs like you. We also cover qualified business income deductions and how the changes will impact self-employed physicians. Ben, Nate, and Ken also talk about some changes that will specifically impact doctors with kids, like the new 529 rules and changes to Estate Taxes. If you’d like to work with Ken, you can find him on his website, keneremita.com, or email him at [email protected] Are you ready to turn worries about taxes and investing into all the money you need for college and retirement? It’s time to make a plan and get on track. To find out if we’re a match visit physicianfamily.com and click get started or, you can ask a question of your own by emailing [email protected]. See marketing disclosures at physicianfamily.com/disclosures

Finally being ready to retire is a huge milestone. It takes years of planning and hard work. There is nothing worse than feeling like you missed something in all that preparation. Listen in as Ben Utley and Nate Reineke break down whether it is worth it to open a new backdoor Roth account right before retirement. We discuss the factors to consider and how your time will come into play when making that decision.

We also answer your colleagues' questions. 

Social Security: A Pain Management doc in New York is wondering, with everything happening politically, should we take Social Security early since it may go away? And a Psychiatrist in Missouri read the latest federal report that Social Security will run out in the next 8 years. They ask if they should include Social Security in their plan.

Emergency Fund: The spouse of a hospitalist in Tennessee says that they have 7 kids, so that's a lot of college to pay for. They also don’t have an emergency fund. They’re curious about what to put off while building the emergency fund. 

Paying for private K-12: The spouse of a dermatopathologist in Pennsylvania asks, given the recent 529 rule changes that are coming with the “Big Beautiful Bill,” should I be putting more money in my 529 to pay for private K-12 school?

Are you ready to turn worries about taxes and investing into all the money you need for college and retirement? It’s time to make a plan and get on track. To find out if we’re a match visit physicianfamily.com and click get started or, you can ask a question of your own by emailing [email protected]. 

See marketing disclosures at physicianfamily.com/disclosures

Whether you are excited about the budget bill that just passed, or it causes you to be SALTy, we can all agree it’s big, with 870 pages, and it’s confusing. Listen in as Nate Reineke and Chelsea Jones dive into some of the changes this new bill brings and what those changes mean for physicians like you. From SALT deductions to PSLF to the Trump Savings Accounts, we’ll break down what it all means for you and your family. And, be sure to listen to the end to hear what isn’t changing, too. Are you ready to turn worries about taxes and investing into all the money you need for college and retirement? It’s time to make a plan and get on track. To find out if we’re a match visit physicianfamily.com and click get started or, you can ask a question of your own by emailing [email protected]. See marketing disclosures at physicianfamily.com/disclosures

Even as a physician mom or dad, the thought of taking your kid to the ED can be scary. Lots of docs, especially self-employed docs, also dread the idea of taking on the IRS alone. If that's you, listen in as Nate Reineke and Ben Utley discuss tax strategies with Ken Eremita, CPA. From his office in Los Angeles, Ken offers tax planning, preparation, and hands-on bookkeeping services for self-employed physicians from coast to coast. 

We explore how marginal tax brackets work, how to keep FICA/payroll taxes in check, and one easy tax move medical practitioners still overlook, no matter how many times we talk about it on the show! Make sure to listen to the end to find out how tiny bookkeeping mistakes can cost big taxes in April.

If you’d like to work with Ken, you can find him on his website, keneremita.com, or email him at [email protected]

Are you ready to turn worries about taxes and investing into all the money you need for college and retirement? It’s time to make a plan and get on track. To find out if we’re a match, visit physicianfamily.com and click get started, or you can ask a question of your own by emailing [email protected].

See marketing disclosures at physicianfamily.com/disclosures

Happy 4th of July! Summer vacation is in full swing, but that doesn’t mean financial planning is taking time off. Even though Ben and Nate are taking a much-deserved break, podcasts can’t miss a week. This week is a special episode of Physician Family Finances. It features the guest appearance Ben Utley made on Kevin M.D. In this episode, Ben and Kevin talk about how physicians can find true happiness beyond wealth. They explore how doctors can escape the pressure of paying off debt while maintaining relationships with their families, define what “enough money” actually means, and find balance between financial success and personal fulfillment. 

Ben also wrote an article to accompany this episode! Check it out at this link. 

Are you ready to turn worries about taxes and investing into all the money you need for college and retirement? It’s time to make a plan and get on track. To find out if we’re a match, visit physicianfamily.com and click get started, or you can ask a question of your own by emailing [email protected]. 

See marketing disclosures at physicianfamily.com/disclosures

Some tax strategies are fishier than others. This week, you’ll hear about how things are going with Nate and his son’s development as a fisherman, and we’ll also tackle a somewhat fishy 401(k) question: can you, or SHOULD you, hire your spouse for your 401(k)? Like a fresh-caught fish, it’s a slippery question with a tricky answer. You can also catch answers to your colleagues' questions from Ben Utley and Nate Reineke. 

Practice Buy-in: An Orthopedic surgeon in Oregon is anticipating a cash call buy-in and wants to know where they should get the funds from. 

Social Security: An Oregon Urologist is turning 70 in about 6 months (Happy early birthday). He wants to know if he can apply for Social Security even though he is still working. 

401 (k) changes: A listener emailed with a 401 (k) question. Their 401(k) is changing from the more typical ETFs to a collective trust fund, and they want to know the pros and cons of this.

Are you ready to turn worries about taxes and investing into all the money you need for college and retirement? It’s time to make a plan and get on track. To find out if we’re a match visit physicianfamily.com and click get started or, you can ask a question of your own by emailing [email protected]. 

See marketing disclosures at physicianfamily.com/disclosure