Money Minutes for Doctors

What if there were just two things you could do to make your financial future brighter? Katherine Vessenes, CEO and Founder of MD Financial Advisors, asked Dr. Chris Mozdzanowski this in the first of More Money Minutes for Doctors’ new series, Quick Financial Tips from Your Colleagues. Click the link below to watch the video or read more about her interview with Dr. Mozdzanowski.

What if there were just two things you could do to make your financial future brighter? Katherine Vessenes, CEO and Founder of MD Financial Advisors, asked Dr. Chris Mozdzanowski this in the first of More Money Minutes for Doctors’ new series, Quick Financial Tips from Your Colleagues. Click the link below to watch the video or read more about her interview with Dr. Mozdzanowski.

What if there were just two things you could do to make your financial future brighter? Katherine Vessenes, CEO and Founder of MD Financial Advisors, asked Dr. Chris Mozdzanowski this in the first of More Money Minutes for Doctors’ new series, Quick Financial Tips from Your Colleagues. Click the link below to watch the video or read more about her interview with Dr. Mozdzanowski.

What if there were just two things you could do to make your financial future brighter? Katherine Vessenes, CEO and Founder of MD Financial Advisors, asked Dr. Chris Mozdzanowski this in the first of More Money Minutes for Doctors’ new series, Quick Financial Tips from Your Colleagues. Click the link below to watch the video or read more about her interview with Dr. Mozdzanowski.

What if there were just two things you could do to make your financial future brighter? Katherine Vessenes, CEO and Founder of MD Financial Advisors, asked Dr. Chris Mozdzanowski this in the first of More Money Minutes for Doctors’ new series, Quick Financial Tips from Your Colleagues. Click the link below to watch the video or read more about her interview with Dr. Mozdzanowski.

What if there were just two things you could do to make your financial future brighter? Katherine Vessenes, CEO and Founder of MD Financial Advisors, asked Dr. Chris Mozdzanowski this in the first of More Money Minutes for Doctors’ new series, Quick Financial Tips from Your Colleagues. Click the link below to watch the video or read more about her interview with Dr. Mozdzanowski.

A lot of doctors might think that bank accounts are easy, basic, or even boring. However, bank accounts are the foundation of any financial plan. They can be easily overlooked, which is a big mistake. Bank accounts, when set up and used correctly, start the chain of efficiency you want throughout all elements of your financial plan. If you can keep your bank accounts that way, then they are the most efficient and most effective for you long-term. It's going to reduce stress, make things seem like they're on autopilot, allow you to focus attention on other things that are more important in your life.

Doctors, I'm sure you've looked at your employment contract and were probably taken aback with all the legal jargon. There are so many pages of information which can be so hard to understand. I find a lot of doctors, particularly young doctors, are exhausted and so burnt out that the first contract that comes their way, they just want to sign and be done with the pain.

The last few years before you hang up your stethoscope can be critical to a doctor's successful retirement. In this episode of More Money Minutes for Doctors, Katherine Vessenes, CEO and founder of MD Financial Advisors, covers the five things every doctor should do before handing in their resignation.

Today Katherine Vessenes is joined by Ben Kirchner as they discuss financial planning FOMO.

To learn more about these topics or access the previous episode Katherine mentioned, check out these hand selected posts:Roth IRAs for Doctors Podcast: https://mdfinancialadvisors.com/money-minutes-for-doctors/roth-iras-podcast?rq=Roth%20IRA 529 Plans Podcast: https://mdfinancialadvisors.com/money-minutes-for-doctors/529-day-podcast?rq=529SECURE Act 2.0 Article by Josh Lantz: https://mdfinancialadvisors.com/blog/secure-act-2?rq=529%20plan

As we approach Tax Day, it's essential to ensure you've maximized your IRA contributions for 2023, so today we're tackling the intricacies of IRA contributions and tax rules. Let's dive into four crucial rules to consider when funding your IRA and filing taxes.

Welcome back to More Money Minutes for Doctors. Tax Day will be here before we know it! Today's discussion revolves around a topic that promises to ease your future burdens: organizing your 2023 tax-related documents and beyond.

Welcome back to More Money Minutes for Doctors. Today we delve into a crucial topic: determining the minimum effective financial dosage for doctors to achieve lasting financial security. In the realm of financial advice, countless articles offer tips for enhancing your finances. However, just as doctors prescribe the minimum effective dose for patients, should there not be a similar approach for doctors managing their finances? Let’s explore this concept.

Navigating the financial landscape in the field of medicine, where dedication to healing is paramount, involves unique considerations for doctors. Today, we explore the financial perspectives of women in medicine, particularly those who find themselves as primary breadwinners. While gender and finance present a broad topic, it's essential to recognize the disparities that may exist, not only in wages but also in the dynamics within households.

Deciding whether to embark on a medical fellowship is a significant choice that goes beyond the realms of medical expertise. While the focus has traditionally been on the medical and academics, it is increasingly crucial for doctors to consider the financial implications of such a decision.

Managing personal finances can often take a back seat to a doctor’s demanding schedules. However, overlooking key financial decisions in the early stages of a medical career can lead to long-term setbacks. Today we’re discussing common financial mistakes made by young doctors and offer strategies to avoid them.

For medical professionals navigating the intricacies of finance and retirement planning, understanding the distinctions between retirement account options is crucial. Two popular choices, the Sep IRA and the Solo 401K, present distinctive benefits and considerations. Here, we break down the key elements of each, shedding light on their respective advantages and limitations.

Financial freedom is a goal that many aspire to achieve, and for good reason. It offers the promise of a life with choices, free from the constraints of financial stress. In the world of medicine, where the demands of the profession are high, finding financial freedom can be a crucial step towards a healthier, happier life. Here we will explore some practical steps—often overlooked—that can pave the way for doctors to attain financial freedom.

Today Katherine Vessenes is joined by Josh Lantz as they discuss four numbers that are crucial for doctors wanting to retire with money in the bank.

In the landscape of modern medicine, the alarming rise of burnout among physicians has prompted critical discussions about how to sustain your careers and well-being. With the ever-increasing demands of medical practice, doctors find themselves facing unique financial challenges. In this episode, we delve into the insights shared by Katherine and Kristy who sheds light on the financial implications of burnout and offers practical strategies for physicians to embrace a life of abundance and create sustainable financial plans.

Today Josh Lantz is joined by Neil Surgenor, a Physician Loans Specialist at TD Bank, and our topic of conversation is Physician’s Mortgages. Neil is going to tell us about the pros and cons of this doctor-targeted product.