Financial Residency

I've received a number of requests for insight around the topic of insurance. That's why I brought on two veteran professionals to come in and answer our community's toughest questions. The entire month of October is about insurance. If you have a question, please record it at financialresidency.com/question . I'd love to get it featured on the show!

Most of us aren't in perfect health but that shouldn't leave us without one of the most important pieces of a financial plan. With his 30 years of experience in the insurance industry, Larry Keller of Physician Financial Services shares his top 10 common observations when applying for a disability policy with less than perfect health. Have questions not covered in the show? Reach out to Larry at ...

Just like life, disabilities are impossible to predict, not only in terms of when and where they occur, but also in how they affect the physicians who experience them. While disability insurance will not undo the mental anguish of an ongoing physical and emotional condition, this type of coverage will relieve much of the financial stress. Michael Relvas of MR Insurance Consultants explains.      ...

When investing in real estate, the benefits can become ten-fold. Same applies when investing in syndications. Cathy Carroll, MD, CFA, Founding Principal of Ryca.io , Veena Jetti, Founding Principal of VIVE Funds, and I answer the audience's questions about what, why, and when to invest in this episode. Read more here: https://financialresidency.com/analyze-real-estate-syndication/

It's not everyday we get to tall about tax on Financial Residency. Although, months like August got us talking about tax every week! Here's our final installation (for the time being) with John McCarthy is Physician Tax Advisors on tax credits vs. tax deductions. Do you know the difference? It's not everyday we get to tall about tax on Financial Residency. Although, months like August got us talki...

Contemplating filing joint vs. separate? There are lots of things to consider. John McCarthy of Physician Tax Advisors makes these strong points to weigh.  Physician Tax Advisors is your place to get your tax questions answered! Find the team here:  www.financialresidency.com/cpa

Some of you invest in real estate. Are you aware of the tax benefits that come with it? John McCarthy, CPA, co-founder of Physician Tax Advisors and I talk about personal experiences and observations made over the years. Look, taxes are complicated but you don't have to worry about that. Let Physician Tax Advisors help you get the right tax plan today. Visit  www.physiciantaxadvisors.com  for supp...

Some taxpayers find themselves filing taxes in multiple states when they live in one state and work in another, or just finish training. If this is you, how you file depends on a few factors that co-founder John McCarthy, CPA, and I get to the bottom of in this show. Need a tax advisor who knows the ins and outs of physician finances? We just launched Physician Tax Advisors and would love to work...

Ever wonder how you can pay less taxes as a physician? Are there tax breaks and workarounds (that are legal) you should know about? Debuting John McCarthy of Physician Tax Advisors in his first of many shows with me in this episode. Come check out what we've got in store for you! Read the blog: https://financialresidency.com/pay-less-in-taxes/

You might have read or heard about passive real estate investing and you want to get a piece of it. I think there is no such thing as passive investing but that investments could be passive… eventually. Join me today for a great debate on passive vs active real estate investing and how you can start investing in more passive investments (but not completely passive!) almost right away. Make sure to...

If you had only one choice, would you pay down debt or invest? White Coat Investor helped us navigate this same question last year. See what he said.

Most people don't understand how mortgage interest rates work and why they change. Having a basic understanding on how interest rates affect your payment and your overall cost of borrowing is critical to your financial success. Don't get stuck paying 10's of thousands of dollars to the bank that you didn't have to. Get notified for Financial Residency's upcoming book, Hippocratic House: Do No Harm...

Financial advisors are the least trusted professional in the finance industry. Why is that? It has to do with their conflicts of interest. Some of you don't know, I'm a fee only financial planner and it IS my full time job. I do it every day, all day. That's why I offer this information to protect you from those without your best interests at heart. Want to work with the team at Physician Wealth S...

Most of you know the basics of establishing a budget if you didn't already have one or sorting out your student debt repayments. What else needs to happen as part of your post graduation plan? Stay tuned to find out. Have you checked out our latest book Financial Residency: Create Your Financial Plan Without The Long Hours and Sleepless Nights on Amazon. Get your finances in order starting now.

Maintaining work–life balance as a physician necessitates learning how to improve efficiency and effectively manage the limited resource of available time. Dr. Phil Boucher of the Private Practice Matters Podcast shares how other physicians can be intentional with their time to reduce burnout and simply enjoy life. Haven't bought disability insurance yet? Tisk, tisk... No worries. Our friends at P...

Ever wonder what it takes to generate passive income with real estate? Cathy Carroll, MD, CFP, gives us her take with these 3 ways to invest. Get on the right financial path in residency with The Physician Philosopher's MD to Financially Free Course here: www.financialresidency.com/mdfree

Semi-Retired MD's, Leti and Kenji, are absolutely on FIRE... FAST FIRE, that is. Having achieved financial independence in a relatively short period of time, they discuss how they did it with REPS (Real Estate Professional Status) and how they teach other physicians and high income professionals to do the same. Speaking of teaching, have you checked out Semi-Retired MD's Zero to Freedom Using Cash...

Is there a way to be more empathetic with your spouse who just isn't on the same financial page? Yes! There is. And, we have the perfect guests on this show, Nick and Hannah from Mapped Out Money, to share what they did in their own marriage. Disability insurance doesn't have to be hard to get. Let our friends at Pattern help guide the way: www.financialresidency.com/pattern

When do you begin to start saving for your kids' college education? Brian Eufinger, co-founder of Edison Prep, says it's sooner than you might realize. Looking for a physician mortgage loan expert in your state? Jonathan C. Brozeck of US Bank is licensed in all 50! Find him here: www.financialresidency.com/usbank

Addressing the pros and cons of refinancing your student loans, award-winning, Leslie Tayne of Tayne Law Group, says physicians need a plan to pay down their debt. Got loans? Here's what to do about it. Looking for a physician home loan? Check out Mike Fitzmeyer with SunTrust (now Truist): www.financialresidency.com/truist

It's Star Wars Day! So, expect a super nerdy show. The wisest Jedi of them all, Yoda, teaches us about tricking our minds into doing something we didn't think was possible. How does that equate to your finances? Let's jump into why you consider these Jedi mind tricks to build better habits and become mindful of your spending behavior. In the market for disability insurance? Check out our friends a...

I've been getting a lot of questions lately about insurance and how COVID-19 is affecting many in our audience. Some of you have disability, some of you don't. If you don't, I've got an expert on from Pattern, Matt Wiggins, to help you understand why the time is now. Get your disability coverage with Pattern: www.financialresidency.com/pattern

Economic Injury Disaster Loan Emergency (EIDL), Paycheck Protection Program (PPP), stimulus packages, tax breaks, SBA loans? All of that in this super short show. I'd love to answer your questions, please email them to me at Ryan@FinancialResidency.com or click on the link to leave me a voicemail at www. FinancialResidency.com/Question

Here are my thoughts on how Roth contributions and conversions in a governmental plan are permitted; such contributions are not allowed in private tax-exempt 457(b) plans. I'd love to answer your questions, please email them to me at Ryan@FinancialResidency.com or click on the link to leave me a voicemail at www. FinancialResidency.com/Question

You may have asked yourself what are some of the biggest considerations you need to think about before you start working as an attending. While I can't go over everything in a curbside consult, here are my thoughts on successfully making the transition from being a resident to attending. The Financial Fellowship is OPEN! Reserve your spot now !