Stories from the Trenches of Financial Planning for Physicians

<p>When you run across something weird or strange, how do you avoid major mistakes and minimize errors? Get a second opinion, especially when it comes to the good, the bad, and the ugly of financial planning for physicians.&nbsp;&nbsp;&nbsp;&nbsp;</p> <p>In this episode of the Finance For Physicians Podcast, Daniel Wrenne talks to Justin Harvey, a Certified Financial Planner (CFP&reg;), about stories and experiences with physician families. Sometimes, the best and juiciest ones are difficult to change substantive facts enough to preserve client confidentiality.&nbsp;</p> <h3><strong>Topics Discussed:</strong></h3> <p>Good: Immense value from financial advisors who understand physician finances</p> <ul> <li>Bad: Save documents and keep records on servicer when third-part is paying</li> <li>Ugly: Ultra high-risk investment activities&mdash;bordering on gambling</li> <li>Understand the Deal: Perform due diligence and review contracts for red flags</li> <li>Compensation: What money are you leaving on table based on how you&rsquo;re paid?</li> <li>Accurate Alignment: Involve spouse for honest answers about financial security</li> <li>Life Lessons: Follow money, understand incentive/stakes, deal w/ consequences</li> <li>Moral of the Story: Sometimes, it&rsquo;s worthwhile to pay a fair fee for a CPA</li> </ul> <h3><strong>Links:</strong></h3> <p><a href="mailto:justiin@apm-wealth.com">Justin Harvey&rsquo;s Email</a></p> <p><a href="https://apm-wealth.com/">Anesthesia Success</a></p> <p><a href="https://anesthesiasuccess.com/episodes/">Anesthesia and Pain Management Success Podcast</a></p> <p><a href="https://studentaid.gov/manage-loans/forgiveness-cancellation/public-service">Public Service Loan Forgiveness (PSLF)</a></p> <p><a href="https://www.irs.gov/charities-non-profits/charitable-organizations/exemption-requirements-501c3-organizations">501(c)(3) Requirements</a></p> <p><a href="https://robinhood.com/">Robinhood</a></p> <p><a href="https://turbotax.intuit.com/">TurboTax</a></p