M Advisor Podcast: Financial Clarity for Physicians

Frugal vs. Wasteful Spending

Fri, 29 May 2026 05:00:00 GMT

Is your spending frugal or wasteful? What's the difference, and how do you know? In this episode we explore the differences between frugal and wasteful spending and how it impacts your finances and the earth.

Hobbies as a Legacy

Fri, 15 May 2026 05:00:00 GMT

What's more impactful than sharing free time with your kids? Could discovering a hobby (together) be one of the most lasting gifts you give to your children? How do you go about finding a hobby? Let's chat about it!

Mortgage Interest and Itemized Deductions

Thu, 30 Apr 2026 05:00:00 GMT

With home-buying season approaching and tax season just ending, I thought it'd be appropriate to review what mortgage interest is deductible on your personal tax return. Understanding this concept can greatly impact your planning when shopping for home, preparing for your mortgage, or planning around your current mortgage. This should not be construed as tax advice. Please consult a qualified tax professional for tax advice.

What's Your Attention Worth?

Tue, 07 Apr 2026 20:12:44 GMT

Referencing the book "Your Money" by Carl Richards, I discuss the four sources of capital (sketch #6), Money, Energy, Time, and Attention. I key in on attention, and chat about what that actually means. Who do we "pay" when we pay attention? And what's our attention worth? This is a cool book. I receive no commission for the book sales. Check it out: https://www.amazon.com/dp/1804091715/?bestFormat=true&k=your%20money%20carl%20richards&ref_=nb_sb_ss_w_scx-ent-bk-v2_k0_1_14_de&crid=2P86HU8QY2O0D&sprefix=your%20money%20car

Spring Cleaning - Getting Unstuck in Your Finances

Mon, 30 Mar 2026 06:00:35 GMT

A quick template on how to evaluate and move your finances to the next level. Know where you are: Create a Balance Sheet List your goals and priorities List your procrastinations - this is big Manage how you talk to yourself about money - this is bigger Resources: https://podcasts.apple.com/us/podcast/improve-your-finances-create-a-balance-sheet/id1613405436?i=1000743276123 https://www.m-advisor.com/blog/how-to-create-a-balance-sheet-video

Traditional vs. Roth Retirement Plans

Fri, 13 Mar 2026 05:02:03 GMT

Roth vs Traditional retirement plan contributions is a great debate and should be considered carefully. There isn't a clear-cut answer that works for everyone, but there are benefits to both Roth and Traditional retirement plan contributions. Here is an article mentioned in this podcast that details a similar topic: https://www.m-advisor.com/blog/retirement-plan-contributions-traditional-vs-roth-updated-for-2026

Do This Before Interviewing a Financial Advisor

Fri, 27 Feb 2026 06:01:00 GMT

Finding the right financial advisor can be one of the most beneficial relationships you can make, as it can bring clarity and confidence to your financial life; however, selecting the wrong advisor can waste years of savings and put you behind on your financial goals. Here are a few tips before interviewing a financial advisor to make sure you find that right one. Be sure to download the checklist with 24 interview questions for a financial advisor, specifically for physicians: m-advisor.com/questions-for-a-financial-advisor

Estate Planning is Romantic

Fri, 13 Feb 2026 06:01:14 GMT

What is the most romantic gesture you can make to your spouse and family? Planning for their lives and livelihood beyond yourself, of course! That's called estate planning. Estate planning is not just a financial topic, it's a selfless action to ensure your loved one's future, even without you there.

Financial Fraud

Fri, 30 Jan 2026 06:00:59 GMT

Financial fraud is a multi-billion-dollar industry, and it is much bigger than we think because many fraudulent cases go unreported. Talking to your family about fraud and scams is an important conversation that can help you prepare for a potential attack. Fraudsters play on emotions, so think through what's going on if you get an unfamiliar call. The 2025 data is not yet released, but here is the 2024 data from the Federal Trade Commission that's discussed: https://www.ftc.gov/system/files/ftc_gov/pdf/csn-annual-data-book-2024.pdf

Physical Fitness and Finances

Thu, 15 Jan 2026 06:00:14 GMT

Physical fitness and finances are interwoven in deeper patterns and occurrences than we ordinarily recognize. As the new year brings positive changes to our fitness routines, here's some motivation on the connections between our health and our wealth.

Improve Your Finances, Create a Balance Sheet

Wed, 31 Dec 2025 06:01:32 GMT

Making positive changes to our lives each New Year isn't anything new. If you're looking to positively change your finances, this is the first thing: Create a Balance Sheet and track your "Net Worth." This simple task may be the key to help make your finances improve year over year. Video referenced in the show: What is a Balance Sheet? https://youtu.be/-YxzJuyoFFU

Family Meetings

Mon, 15 Dec 2025 06:01:03 GMT

Family financial meetings are a tool used by many high profile and high net worth families to make sure massive wealth doesn't erode family values. I think the family financial meeting translates to a much broader audience to intentionally verbalize and pass on family culture, stories, and values, as well as preserve open communication about how the family financial plan is structured.

Backdoor Roth and the Pro Rata Rule

Mon, 01 Dec 2025 18:44:05 GMT

Roth IRAs, due to their tax-free growth and tax-free distributions, can be useful accounts for any financial plan. The IRS has rules about who can fund Roth IRAs; however, there is a loophole that allows some high income earners to fund Roth IRAs indirectly. This loophole is commonly referred to a "Backdoor Roth" contribution. The IRS has a rule that makes it difficult to fund backdoor Roth IRAs if you already have a traditional IRA. I discuss this "pro rata rule" in detail. Failure to understand this rule is one of the biggest mistakes when utilizing the backdoor Roth IRA. Download your free Backdoor Roth IRA Checklist at https://www.m-advisor.com/backdoor-roth-ira-checklist

Physicians and Clinical Ownership with Kevin Pho on KevinMD

Thu, 27 Nov 2025 06:00:39 GMT

This is my conversation with Dr. Kevin Pho when I had the opportunity to speak on KevinMD. The conversation is based on this article: https://kevinmd.com/2025/08/physician-practice-ownership-risks-rewards-and-reality.html

Benefits Enrollment

Fri, 14 Nov 2025 06:01:28 GMT

Explore and review the most common benefits associated with hospital employees. I'll frame each benefit with how I help other physicians make benefit enrollment decisions. Remember to always enroll in your benefits with your current financial plan in mind! Here is a guide to hospital benefits enrollment, based on the information in this podcast: https://www.m-advisor.com/blog/a-guide-to-hospital-benefits

3 Spooky Reasons a Financial Plan Won't Work

Fri, 31 Oct 2025 05:03:48 GMT

What if you make a plan, and it doesn't work? There may be nothing spookier than that! The results of a plan not working can be catastrophic, leading to family division for generations. Don't let this happen to you! Learn how to avoid pitfalls in your financial plan. Here are three spooky reasons your plan won't work!

A Goal-Setting Exercise

Wed, 15 Oct 2025 05:00:44 GMT

This episode explores a goal-setting exercise that's a great checkpoint for review and evaluation on the trajectory of our lives. You are currently the midpoint between the "past you" who wanted to achieve a career in medicine and a "future you" who is an ideal or refined version of this current you. Comparing these two people is a great way to explore your values, your accomplishments, and the direction you're headed.

Impacts of Financially Supporting Adult Children

Tue, 30 Sep 2025 05:00:22 GMT

As parents, we are all willing to support our kids. As our kids grow up, they'll need some support, both emotionally and financially. Sometimes financial support for adult children can create a sort of financial enablement where the "child" is unable or unwilling to take care of their own responsibilities. This can put the parents' finances in a tough spot as well as create division in family relationships, such as sibling relationships. In this episode, we'll explore the impact of this situation and a few different ways of dealing with the bigger picture of this scenario.

What is success for a physician?

Mon, 15 Sep 2025 05:00:21 GMT

So I was reading "Start with Why" by Simon Sinek, and there's a moment in the book where Simon gets to attend a conference with select business leaders, and the conference began with these two questions: "Raise your hand if you have reached many or all of your financial goals." "And Raise your hand if you feel successful." (and many of the hands went down). I wondered how this would apply to physicians. Many of us see physicians as being successful just by being a physician, but I wonder how many physicians, whether they have achieved a number of financial goals or metrics, actually feel successful.

We Have Two Lives...

Fri, 29 Aug 2025 05:00:58 GMT

I ran across a thoughtful quote credited to Confucius, and it made me think about it from several different angles. The quote is this: "We have two lives, and the second begins when we realize we only have one." This podcast examines this quote from a financial planning perspective and a bit beyond. Enjoy this episode, and maybe you can examine it from different angles in your own life, too!

The Black Hole of Disability Insurance

Fri, 15 Aug 2025 05:01:13 GMT

For most physicians, purchasing disability insurance is an easy decision; however, there is one investment that disability insurance companies do not support. Wait, do your investments and disability insurance policies coincide? To some degree, yes. Here I give an example and explore a potential blind spot in doctor's income protection: unearned income.

Investment Holding Companies

Thu, 31 Jul 2025 05:00:56 GMT

Some investment assets warrant the formation of a holding company, usually for liability purposes. Real estate, private equity, and franchise agreements are great examples of these assets. Learn how a physician may structure a holding company, and let's take a deep dive into how it works.

Legacy Buckets

Tue, 15 Jul 2025 05:00:28 GMT

We leave a different kind of legacy in various aspects of our lives. We leave a legacy for our spouses, our kids, and our clinics, among others. We'll explore some of the conversations and experiences that impact our legacy.

Naming an LLC

Mon, 30 Jun 2025 05:00:19 GMT

When you figure out you need an LLC, the question always looms: "What do I name the LLC?" Also, find out how to see what names are available and what names are already taken. This episode explores what kinds of LLCs and what uses of LLCs might be appropriate for what kind of LLC names.

Time Horizon Adjustment

Fri, 13 Jun 2025 05:01:23 GMT

Time horizon is generally defined as the period of time for which a specific investment account will stay invested before being utilized. Many times, an investment isn't allowed to enjoy its full time horizon due to our own behavior with our money. Adjusting your view for a much larger time horizon, and adjusting it for all of your assets might provide a different perspective on your life and legacy goals.

Wind & Hail Deductible

Fri, 30 May 2025 05:01:36 GMT

With the springtime weather upon us, thunderstorms can intrude on our finances by damaging our houses. During storm season, it's important to understand how our homeowner's insurance policy works if our house gets hit by a storm. The wind & hail deductible is included in all our homeowner's policies, and it is often misunderstood.

Investing in a Down Market

Thu, 15 May 2025 05:00:51 GMT

When the market declines, what are some good investment responses? How do market fundamentals work in a down market? What should we do with our investments when the market declines?

Financial Planning in a Down Market

Wed, 30 Apr 2025 05:00:46 GMT

When the market goes down, what financial planning tasks help with the bigger picture? Knowing your budget, cash needs, and making sure you have the right amount of insurance are all critical components of a financial plan that's experiencing a reduction in asset valuation. Additional Resources: https://www.m-advisor.com/blog/financial-planning-for-savers-in-a-down-market-image

Legacy and Vacations

Tue, 01 Apr 2025 00:00:00 GMT

The memories we give our kids and grandkids provide them with the lens they'll use to view their inheritance - or any gift, for that matter. Vacations are just one of many ways to create memories that shape our lives. Let's explore the impact of taking time for vacations and how this shapes our legacy.

Hobbies

Tue, 25 Mar 2025 00:00:00 GMT

How are hobbies connected to your financial plan? Are they actually that important?

Per Stirpes Beneficiary Election

Fri, 28 Feb 2025 06:00:11 GMT

Learn what "per Stirpes" means, and how it can have a lasting impact on your beneficiaries.

Funding a Trust

Wed, 26 Feb 2025 00:00:00 GMT

Establishing a family trust or a revocable trust is an important step in a financial plan, but unless the trust is funded properly, it can be a near worthless endeavor. Learn the importance of funding a trust and how to do it.

Sunk Costs

Fri, 14 Feb 2025 06:00:17 GMT

Understanding how the concept of sunk costs impacts your decision-making can be a valuable tool for improving your life. Identifying this concept can be effective, not only in your financial life, but in nearly every aspect of your well-being.

W2 Tax Planning: Income Sources And Tax Withholdings

Fri, 31 Jan 2025 06:00:15 GMT

Tax planning with W-2 income is simple, yet important. Understanding how income sources do and don't interact with one another is important to planning your next decision from a tax perspective. I also describe a calculator I use from the IRS to estimate tax withholdings. Here is a link to that calculator. Enjoy! https://www.irs.gov/individuals/tax-withholding-estimator

New Year Resolutions

Tue, 31 Dec 2024 06:00:04 GMT

What are some common New Year resolutions for your finances? How can you improve your finances?

Figuring Out What We Want

Fri, 13 Dec 2024 14:34:29 GMT

In financial planning, figuring out what we want can be a difficult task. Deciding what we like may feel like we limit our possibilities. If we choose one path and lean in to that path, we may close the door on other opportunities.

W2 Tax Planning: Donation Bunching

Mon, 02 Dec 2024 00:00:00 GMT

While tax planning with W-2 income is limited, there are still steps you can take to maximize your tax deductions. For those who take the standard deduction most years, but almost get enough expenses to itemize, here's a quick way to plan ahead to get the most out of your charitable contributions.

Communicating Your Plans

Fri, 29 Nov 2024 00:00:00 GMT

If a tree falls in the forest, but no one hears it, does it make a sound? If plans are created, and no one knows about them, do the plans exist? Here, we chat about what aspects of a financial plan should be discussed and how to discuss them.

Buy-Sell Agreements

Fri, 15 Nov 2024 05:59:59 GMT

What is a buy/sell agreement and when does it become important? If you own a business or run a practice with other owner/partners, a buy/sell agreement can protect your practice against unwanted changes of ownership. Additionally, if you own your own practice, you may be responsible for buying shares in a practice when a partner unexpectedly cannot work any longer due to death, disability, bankruptcy, or divorce.

Do Physicians Need An LLC?

Thu, 31 Oct 2024 05:00:16 GMT

First of all, what is an LLC? Do physicians need an LLC or a PLLC? Learn why a physician might want to create an LLC or a PLLC (and what's the difference?), and how would an LLC be beneficial?

Balancing Financial Complexity

Tue, 15 Oct 2024 05:00:07 GMT

Our financial lives can be as simple or complex as we make them; however, there is a balance of the simple and the complicated that might make our financial plan more effective. Is there a planning opportunity we're missing by being too simplistic? If our financial plan is too complicated, is it sustainable? Utilizing professional guidance from financial advisors, attorneys, and accountants may enable you to use a sort of professional capacity to hold the complexity balance you need.

Hidden Money Levers

Mon, 30 Sep 2024 05:00:07 GMT

Money can undoubtedly stir emotions. Your initial memories and experiences with money can create a lasting impression on your money habits, which ultimately can play a part on determining your legacy. Were your first money experiences good or bad? Was money a sore subject in your youth? Uncovering and labeling these experiences may help you understand why money is emotional to you.

The Physician Signing Bonus

Fri, 13 Sep 2024 05:00:04 GMT

Many physicians receive a bonus when signing employment contracts. These bonuses can be nice additions to a new job; however, where there is income, taxes exist. Learn about the most popular forms of physician signing bonuses and how they impact your income tax. You may not be able to change your signing bonus, but you can plan for it!

When To Purchase A Life Insurance Policy

Fri, 30 Aug 2024 05:00:08 GMT

Too often the conversations about life insurance are geared toward how much insurance to purchase. This conversation focuses on when to consider life insurance purchases and changes. What do you look for when you look at your own policies? Easy ways to make sure your insurance policies are up to date.

Unified Gift And Estate Tax Exemption

Thu, 15 Aug 2024 05:00:07 GMT

What are gift taxes? What are estate taxes? These taxes are uniquely positioned to work together, yet they are distinct taxes. Learn the basics of how these taxes work. Understanding the basics of these taxes might help you plan for your kids.

Are We Saving For Someone Else?

Tue, 30 Jul 2024 05:00:00 GMT

We are all saving for someone else, even if we're saving for ourselves. As time passes, are we taking care of our future selves? How can we be aware of what we will need as we get older.

Summer Financial Planning Conversations

Fri, 28 Jun 2024 05:00:15 GMT

The summer often provides a bit slower routine, which allows us time and capacity to consider what's important in our lives. In financial planning, understanding the kind of life you want to live is a great accomplishment. With some self-awareness, you can prioritize meaningful planning objectives and filter those that aren't.

Combining Finances

Thu, 30 May 2024 17:16:51 GMT

How do you go about combining finances after you get married? Here are some talking points, fundamentals, and things to consider when combining finances.

Term Life Insurance

Wed, 15 May 2024 05:00:02 GMT

How does term life insurance work? Life insurance is generally pretty complicated. Term life insurance is the simplest kind of life insurance, but there are a few things to be aware of. I've seen too many individuals get bad advice on their life insurance because it benefitted the insurance agent. Life insurance shouldn't be a zero-sum game, and you shouldn't have heartache when buying life insurance. In this podcast, learn some of the basics of the two primary types of term life insurance, their pros and cons, and what to look out for when reviewing or purchasing a policy.

Legacy After Death

Tue, 30 Apr 2024 05:00:08 GMT

Let's get morbid! What is the impact of your legacy on the decisions and to-dos surrounding your own passing and funeral? There are a lot of decisions that are made after a person dies: do you want to be buried or cremated? Where do you want to be buried? Do you want your ashes spread or held? Is it fair to force our grieving families to make these decisions on our behalf? How do we even have these conversations with our loved ones?

Self Employment Tax

Mon, 15 Apr 2024 05:00:14 GMT

What is the self employment tax? If you have any 1099 wages, there is a good chance you are subject to the self employment tax. Depending on your personal tax situation, the self employment tax could be devastating to your lifestyle and your ability to save for your future. Learn what the self employment tax is, so you can be aware of one of the biggest tax traps!

What If You Achieve Your Financial Goals? Then What?

Fri, 29 Mar 2024 05:00:01 GMT

What if you create a financial goal and are successful at achieving it? Then what? Is planning for our financial future a fulfilling endeavor? Are there other questions we should be asking ourselves when we plan ahead? If we retire, for example, is that enough? Is achieving a goal enough to keep us fulfilled?

Is An Inheritance An Obligation?

Fri, 15 Mar 2024 05:00:19 GMT

As a parent, is an inheritance an obligation to provide? Can an inheritance promote negative outcomes? What are your thoughts on inheritances?

Umbrella Insurance Basics

Thu, 29 Feb 2024 06:00:02 GMT

Learn the basics of umbrella insurance: What is umbrella insurance and how do you get umbrella insurance? These policies are often overlooked, but they can be critical to your financial plan!

Thoughts on Legacy

Thu, 15 Feb 2024 06:00:01 GMT

What's the difference between legacy and an inheritance? Which has more value? Here are a few thoughts on legacy and who is in control of our legacy.

Why M Advisor Exists- A Mini Manifesto

Wed, 31 Jan 2024 06:00:06 GMT

Reading from the article: Why M Advisor Exists: A Mini Manifesto. This short article captures why M Advisor exists today. Read the article here: https://www.m-advisor.com/blog/why-m-advisor-exists-a-mini-manifesto Thanks for listening!

Get Your Finances On Track In 2024

Mon, 15 Jan 2024 06:00:15 GMT

A little insight on how to start your financial planning journey in 2024. Get your finances on track once and for all!

Troubles Of 2023

Fri, 29 Dec 2023 06:00:19 GMT

What were some of the troubles and difficulties in 2023? Here is a discussion about some of the troubles I saw repeatedly in 2023. In preparing for the new year, it's good to look back and learn.

Financial Goals

Fri, 15 Dec 2023 06:00:17 GMT

A quick discussion on financial goals: What is a financial goals, and how is a financial goal helpful?

What Is A Trust?

Thu, 30 Nov 2023 06:00:16 GMT

Learn the basics of living trust and learn how it might help you in your financial plan. For more information, learn more at https://www.m-advisor.com/blog/estate-planning-101-what-is-a-trust.

What Is A Will?

Wed, 15 Nov 2023 06:00:06 GMT

What is a will and do you need one? Take a quick moment to learn the basics of one of the most foundational estate planning tools available to us.

Financial Balance

Tue, 31 Oct 2023 05:00:14 GMT

Our finances can feel out of control if we don't have the right balance in our money and life, but what determines that balance?

Scary Unsuitable Transactions

Fri, 13 Oct 2023 04:02:10 GMT

It's scary season and Friday the 13th to boot. Here are a few examples of unsuitable transactions I commonly see. What's scarier than unsuitability? Make sure the lights are on when you hear this!

Monetary Gain Vs. Legacy Impact

Fri, 29 Sep 2023 05:00:06 GMT

Viewing through the lenses of "What makes the most financial sense" vs. "What impacts my legacy." This is a juxtaposition of two viewpoints that, quite frankly, might not be too far apart.

My Thoughts on "Die With Zero" By Bill Perkins

Fri, 15 Sep 2023 05:00:18 GMT

This is my thoughts on Bill Perkin's book "Die with Zero". I felt there was a good message in this book, and here are my thoughts.

Balance On Living Life And Saving Money

Thu, 31 Aug 2023 05:00:00 GMT

Saving money is important, but sometimes our lives get knocked out of balance. Medical school, residency, fellowship, and the first job contract are all situations where life gets busy, and the lack of money magnifies the craziness. Is it ever OK to have times when we don't save money? Or maybe we just need to give ourselves some grace when life gets hectic.

What Are Annuities?

Tue, 15 Aug 2023 05:00:06 GMT

Annuities can be uniquely complicated instruments. This is quite simply an educational overview on the basics of annuities.

Financial Fitness

Mon, 31 Jul 2023 05:00:06 GMT

We live everyday in our physical fitness, and we watch our abilities change with our diet and exercise. Likewise, do we have an financial fitness? Can we "work out" our financial lives to absorb emergencies and take advantage of opportunities? How does our emotional well-being fit into our financial fitness? You'll find some good questions to ask yourself!

Money Isn't Enough

Fri, 14 Jul 2023 10:00:00 GMT

Money is a tool, and we should consider valuing it as such. Money, in and of itself, isn't enough to create we're proud of.

M Advisor Podcast 32 Making A Plan YOUR Plan

Fri, 30 Jun 2023 10:00:01 GMT

Many people engage in financial planning seminars, books, and courses. Most of the time, the information is too general to provide your own stamp on these plans and the audience is often left asking, "Now what?"

Individual Disability Insurance

Thu, 15 Jun 2023 09:59:59 GMT

Get a broad introduction to individual disability insurance. What is individual disability insurance and what to look for. Get information to review your current insurance policy. Visit m-advisor.com to find more content, ask questions, and schedule meetings.

Group Long Term Disability

Wed, 31 May 2023 10:00:08 GMT

Group long-term disability insurance is offered by many hospital systems as a benefit to physicians. The details of this benefit are often overlooked. Learn about the basics of this benefit and what to look for when evaluating your own policy. Using the information from this podcast episode can help you create a better plan for you and your family.

What Really Matters

Mon, 15 May 2023 10:00:00 GMT

In case of a natural disaster, what do you take with you? What items in your house do you save? For many of us, the stuff we hold onto doesn't matter. Our kids will someday do inventory of all the things we saved and figure out how to get rid of much of it. We don't our stuff with us, so it's important to begin the process of figuring out what really matters.

Naming Beneficiaries

Fri, 28 Apr 2023 18:30:07 GMT

How many times have you overlooked naming beneficiaries on your retirement accounts and insurance policies? For such a simple task, its impact can be felt for generations. Are there rules for naming beneficiaries? Take a deep dive through the topic. For more information: https://www.m-advisor.com/blog/how-to-assign-a-beneficiary

Investment Fundamentals

Fri, 14 Apr 2023 10:00:06 GMT

Investment strategies can get complicated, but even when the situation gets complex, the fundaments often remain a backbone of any plan. This podcast takes you through the very basics of understanding a stock vs. a bond, and then how these investments are utilized. There are three core strategies discussed: strategic allocation, index investing, and tactical investment models.

Rolling 529 Plans Into Roth IRAs

Thu, 30 Mar 2023 10:00:08 GMT

Beginning in 2024, SECURE Act 2.0 will create a path for unused 529 college saving plans to be rolled into Roth IRAs. While this sounds like a great thing, there's a catch -- well, there are a lot of catches. Lots and lots of "red tape" surround this rule. The headline looks great, but how does this work? Learn if this ruling could be beneficial to you. For more information on this topic, feel welcome to read our article: https://www.m-advisor.com/blog/unused-529-plans-can-be-rolled-to-roth-iras

457 Plans

Wed, 15 Mar 2023 10:00:00 GMT

457(b) plans are offered at many hospitals around the country. These plans offer an easy way to reduce current earned income and provide another avenue of tax deferred growth; however, 457(b) plans are not retirement plans. Instead, these accounts are classified as salary deferral plans, so they are fundamentally different than retirement plans with their own pros and cons. Learn if 457(b) plans align with your financial goals or inhibit them.

Intro to Behavioral Finance - Confirmation Bias

Tue, 28 Feb 2023 11:00:00 GMT

Behavioral finance has been widely acknowledged and accepted by the financial planning community. Here is a brief introduction to one such topic of behavioral finance: Confirmation Bias. Once you understand confirmation bias, you can seek awareness of how you gather information about various topics. For more information, read Daniel Kahneman's book: "Thinking, Fast and Slow"

What is an HSA?

Tue, 31 Jan 2023 11:00:00 GMT

What is an HSA? Many physicians have them available in their benefit packages, but what do they do and how do they work? Find out if an HSA is right for you!

Take Care of Yourself, Too, This Year!

Fri, 13 Jan 2023 11:00:01 GMT

Who takes care of the caretaker? Physicians need to make sure to take care of themselves to be able to provide for their patients and families.

Financial Self Assessment

Fri, 30 Dec 2022 11:00:07 GMT

The new year often grants us the mental and emotional capacity to tackle big projects and better ourselves. Here are a few ways to self-assess your financial well-being to get your financial planning on track for you and your family's benefit.

The Future Is Unknown, Can Your Plan Keep Up?

Thu, 15 Dec 2022 11:00:17 GMT

The world around us is constantly changing. Can you create a financial plan that accounts for changes you couldn't possibly predict?

Discussing Plans and Legacies with Family

Wed, 30 Nov 2022 19:30:03 GMT

Money can be a difficult topic of conversation between family members, yet much of our financial planning is completed for the benefit of our family. How can we start the conversations about money that are supposed to make us feel connected -- not exposed. The stories about wealth and money create our legacies, but these stories often go undiscovered.

Paying Down Credit Cards

Tue, 15 Nov 2022 11:00:02 GMT

Credit cards have their rewards and benefits, but they aren't beneficial to everyone. Are you using credit cards to help your plan or are credit cards burdensome?

Your New Budget

Tue, 01 Nov 2022 14:42:25 GMT

A budget can be a great thing, but have you ever wondered if there's a more efficient budgeting blueprint? Can focusing on expenses help you save more? In this episode, learn how to develop a budget that gets you to save more money for your future! More information: https://www.m-advisor.com/blog/your-new-budget Hosted by Paul Morton, CFP®, ChFC®

The Scary Consequences of Not Planning

Fri, 14 Oct 2022 18:00:36 GMT

Even if you don't purposefully establish a financial plan, you already have a plan. Learn how ignoring a few key financial planning topics can lead to scary consequences. Take the time to make sure you don't make these mistakes. Happy Halloween, and be careful out there! Hosted by Paul Morton, CFP®, ChFC®

Estate Planning without an Estate Plan

Fri, 30 Sep 2022 14:32:39 GMT

What are some basic estate planning functions you've completed throughout your life that impacts your legacy? Estate planning is often thought of as a complicated process, but there are many simple and important tasks that can be completed to persuade your legacy. Hosted by Paul Morton, CFP®, ChFC®

First Job Contract: A Delicate Financial Time for Physicians

Fri, 30 Sep 2022 14:30:42 GMT

One of the most delicate times in a physician's financial life occurs after signing their first job contract. This time is when the tone is set for the rest of their careers. The balance between lifestyle and savings is determined for years to come. Hosted by Paul Morton, CFP®, ChFC®

Backdoor Roth Funding

Thu, 15 Sep 2022 11:00:00 GMT

The fundamentals of backdoor Roth IRA contributions are quite simple, and this episode explores the basics of what a backdoor Roth IRA means and how to do it. Hosted by Paul Morton, CFP®, ChFC®

Introduction to IRAs

Tue, 30 Aug 2022 10:00:08 GMT

Learn the basics of IRAs, from Traditional IRAs to Roth IRAs to employer-sponsored IRAs. What do all IRAs have in common and what variations are there? IRAs are a staple in the financial planning world, so it's important to understand how they work. Hosted by Paul Morton, CFP®, ChFC®

Financial Success as a Mindset

Sat, 13 Aug 2022 10:00:06 GMT

Why are some people "good" with money and some aren't? Do some people have skills that others don't have? In this episode, I discuss the very beginnings of financial success being a mindset, or maybe even an expectation. I reference an article, which can be found here: https://www.m-advisor.com/blog/youre-not-bad-with-money Hosted by Paul Morton, CFP®, ChFC®

Saving vs. Eliminating Debt

Fri, 29 Jul 2022 11:00:02 GMT

Should you prioritize paying your debt or saving?

PSLF Public Service Loan Forgiveness

Fri, 15 Jul 2022 10:00:22 GMT

What is Public Service Loan Forgiveness (PSLF) and how can it help you? Learn about the basics of PSLF and how to apply for PSLF! For professionals with student loans, the student loan rules are constantly changing. Learn about loan forgiveness programs that should be considered in your financial plan. Hosted by Paul Morton, CFP®, ChFC® More Information: https://www.m-advisor.com/blog/how-to-apply-for-pslf https://www.m-advisor.com/blog/infographic-how-to-apply-for-pslf

Hospital Retirement Plans

Thu, 30 Jun 2022 13:30:17 GMT

Do you know much about the retirement plans at your hospital? Discover the differences between all the most popular and likely retirement plans offered in hospitals to understand and determine where they fit in your plan.

Physician Mortgages

Fri, 27 May 2022 12:43:30 GMT

Buying a house is one of the more important decisions we make, yet we don't take the time to understand the details of our own mortgages. As a physician, you have options on how to obtain a mortgage, and here you can quickly get insight into some of the pros and cons in obtaining a physician mortgage. Hosted by Paul Morton, CFP®, ChFC® Further Reading: https://www.m-advisor.com/blog/physician-mortgages Further Reading: https://www.m-advisor.com/blog/physician-mortgages

Protect Against Personal Lawsuit

Fri, 13 May 2022 09:00:03 GMT

As a professional, how do you protect your income and assets against personal lawsuit? This episode explores the fundamentals in protecting income against events outside your control.

Moonlighting Income

Wed, 11 May 2022 14:30:45 GMT

Do you have moonlighting income? Here you will find some education on how your moonlighting income works and some practical tips on ensuring your moonlighting income helps you, not hurts you. Adding extra income can certainly be a good thing, yet it's important to understand how that income can affect you. Additionally, understanding what's at stake can help you plan ahead. Hosted by Paul Morton, CFP®, ChFC® Further Reading: https://www.m-advisor.com/blog/pros-and-cons-of-w-2-income-vs-1099

How to Protect Income

Sat, 30 Apr 2022 10:00:03 GMT

Protecting income against sickness and injury isn't always simple. In the fundamentals in financial planning, your investment decisions can provide long-term benefits, whether you continue working or not. This episode explores the fundamentals in protecting income against events outside your control. Hosted by Paul Morton, CFP®, ChFC® Further Reading: www.m-advisor.com/blog/free-advice-to-ask-your-car-insurance-agent-try-this

Life Insurance in a Financial Plan

Fri, 15 Apr 2022 09:00:04 GMT

Income is your financial plan's most valuable resource. Protecting income is a fundamental necessity in your plan, and it's often one of the first steps in a financial plan, but I have always felt this purchase had been rushed and minimized. Purchasing life insurance is an emotional decision, and those emotions aren't discussed. A life insurance policy often acts as a love letter to your family, and purchasing a life insurance policy is a selfless act. What decisions are you making when you purchase a policy? Do you have a goal for the insurance? Did you purchase enough life insurance or not enough? This episode explores the fundamentals in protecting income against events outside of your control. Hosted by Paul Morton, CFP®, ChFC® Here's some further reading: Article: https://www.m-advisor.com/blog/life-insurance-dos-and-donts Article: https://www.m-advisor.com/blog/life-insurance-decision-making

How to Save

Wed, 23 Feb 2022 19:23:03 GMT

We are excited to introduce the M Advisor Podcast with Paul Morton, CFP®, ChFC®! This first episode discusses some foundational components of your plan: how to save. There is a ton of information about what to do with savings or even how much to save, but I don't see many people discussing how to save effectively. This podcast explores some simple and practical ways to create savings habits that make sense! Once your income reaches a level where it covers your basic monthly expenses, you can begin to save more comfortably and more intentionally. Focusing on saving, rather than focusing on expenses, can propel your financial plan forward. Click below to listen to the podcast. For more information, read these articles: https://www.m-advisor.com/blog/your-new-budget https://www.m-advisor.com/blog/maximizing-your-monthly-savings

M Advisor Podcast Announcement

Wed, 26 Jan 2022 20:01:32 GMT

I'm happy to announce the M advisor podcast. The M advisor podcast is intended to provide financial education on the emotional side of money for busy professionals such as physicians, dentists, executives, and business owners. The intention of the M advisor podcast is to instill clarity on what to do inside your financial plan, and just as important, the M Advisor Podcast seeks to help you understand why. Each person has unique goals, important relationships, and different desired outcomes, so it doesn't make sense for everyone to have the same financial plan. The uniqueness of each person and each situation should be reflected in the uniqueness of their financial plan. The M advisor podcast celebrates that uniqueness and serves as a guide to enhance your own unique life goals and accomplishments. If you are a busy professional seeking practical information to guide life's big decisions that speaks to both your rational and emotional well-being, the M advisor podcast is for you. Paul Morton, CFP®, ChFC®