Physician Cents

Is it possible to earn extra income without succumbing to burnout as a physician? We discuss business entity and liability implications, all the way through to breaking down tax considerations and retirement benefits...

On the show this week, we're taking a deep dive into college planning specifically tailored for physicians with children or grandchildren. Whether you're hoping to fully fund your child's undergraduate and graduate...

When it comes to preparing for your child's education, the 529 plan remains one of the most powerful tools available. But with great power comes great responsibility—and plenty of questions. In this episode of the show...

On this episode, we're talking summer survival and exploring how physicians can enjoy vacations, family time, and relaxation without sacrificing their financial goals. We break down practical strategies for budgeting...

<p >Managing multiple investment accounts doesn't have to be complicated. This week, we're discussing the value of a simple, low-cost, diversified approach and why you should resist the urge for complexity. Asset...

<p >Navigating finances as a medical trainee can be overwhelming. The pressure to save for retirement while managing intense workloads, student debt, and low salaries creates a confusing landscape. In this episode of...

<p >Transitioning from training to practice is an exhilarating milestone for physicians—one marked by a dramatic increase in income and, often, new financial responsibilities. With a big jump in income, it can be...

<p >Artificial intelligence has seeped into almost every aspect of our lives, from the smartphones we carry to the way businesses make decisions. It was only a matter of time before the concept of an "AI financial...

<p >Welcome to a milestone episode of the Physician Sense Podcast! In this 50th edition, we cap off our three-part miniseries on tax planning with actionable, nuanced strategies tailored specifically for physicians...

<p >This week, we dive into the second part of our three-part series on the most common tax mistakes doctors make. Today, we pick up where we left off last week, tackling mistakes 6 through 12—ranging from Roth IRA...

<p >Physicians are some of the highest earners in the country—and often some of the biggest overpayers in taxes. Not because they lack intelligence or discipline, but because the tax code punishes complexity. Multiple...

<p >As a physician, your most valuable asset isn't your car, your home, or even your impressive degree—it's your ability to earn an income through a unique skillset you've spent years (and sometimes decades) developing...

<p >Physicians, medical trainees, and other healthcare professionals walk a uniquely challenging financial path. High educational debt, income variations throughout career stages, and complicated tax policies are just...

<p >Managing finances as a physician can feel overwhelming, especially when transitioning from years of intense training into the responsibilities and opportunities of attending-hood. In this episode, we wrap up our...

<p >Financial planning is a lifelong journey, especially for physicians who face unique challenges far beyond medical school. </p> <p >Below, we'll expand on their candid advice for steps five through eight, tackling...