Physician Family Finances Podcast

Nate Reineke
  • 4.9 (26)
  • Investing
  • Updated Biweekly

Are you a dedicated physician mom or dad, striving to balance your practice and family while securing your financial future? With the demands of work and family life, navigating the complexities of investment options, tax laws, and retirement planning can be overwhelming. Join Nate Reineke and Chelsea Jones, seasoned Certified Financial Planner™ professionals, on a mission to empower physician parents like you with the knowledge and tools needed to achieve long-term financial security. Through our podcast, we provide expert financial advice tailored to physicians, covering essential topics such as wealth management, retirement savings, tax-efficient investing, and estate planning. Gain valuable insights into wealth accumulation strategies, investment strategies, and asset allocation techniques to optimize your financial portfolio. Enhance your financial literacy with practical budgeting tips and learn how to set and achieve long-term financial goals. Discover effective risk management strategies to protect your assets and ensure a secure future for your family. Whether you're planning for retirement, saving for your children's education, or considering estate planning options, our podcast offers actionable advice to help you make informed decisions. Explore college savings plans, retirement income strategies, and specialized financial planning for physicians to maximize your financial well-being and investment. Subscribe now to our podcast to access guidance on navigating the complex world of finance and visit https://physicianfamily.com/podcast to learn more about how we can help you achieve financial peace of mind and secure your future investments See Marketing Disclosure at www.physicianfamily.com/disclosures

  1. 5d ago

    #187 Are Other Doctors Really Ahead of You?

    A house cannot tell you how the people inside it are doing financially. It just shows you what somebody built. It says nothing about their down payment, their mortgage payment, what goes into their retirement plan, or what is set aside for a nine-year-old's tuition. For years we drove down to California to see my wife's side of the family, and I spent most of those trips feeling like I was doing something wrong. Every driveway on the street had a brand-new car in it, while we pulled up in a used car we had paid cash for. Five years into these trips, I finally said something to my wife about it: "How is everybody driving a new car?" She looked at me like I had asked why the sky was blue. "They all have mortgage-sized car payments. They say it's because they're in traffic two hours a day, but really it's just LA's version of keeping up with the Joneses." I was doing what you are doing now. I looked at the nicest thing I could see and decided everyone was ahead of me. You are picturing your partners putting a huge chunk down on a multimillion-dollar new build and still investing as much as you do. That picture is usually wrong. I have seen the balance sheets of hundreds of physician families, and I can tell you that in most cases, the bigger the house, the smaller the retirement accounts. Building your dream home without jeopardizing your college fund is still possible. I see families do it responsibly every year. It just usually happens about five years after some of your colleagues. Setting yourself up for success financially comes from a series of good decisions made over many years. That may not be exciting, but neither is starting every month with a five-figure mortgage payment and nothing left for your future. The only comparison that matters is you against your own plan. We also answer your colleagues' questions. My group offers disability insurance, and I also have a policy I bought in residency. Do I still need both? I bought Apple stock many years ago, and I want to sell it now that it's at an all-time high. How do I avoid paying so much in taxes on the sale? Our bank keeps offering a physician loan with nothing down. We have enough for 20%. Is the physician loan still the better deal? Are you ready to turn worries about taxes and investing into a plan for college and retirement? If you’re evaluating your options and want to learn more, visit physicianfamily.com and click 'Get Started' or you can ask a question of your own by emailing podcast@physicianfamily.com. See marketing disclosures at physicianfamily.com/disclosures

    #187 Are Other Doctors Really Ahead of You?

  2. Sep 23

    #186 Do Kids Actually Soak Up Financial Advice?

    Nobody trains a sponge. You leave it in the sink, and it takes on whatever is in there: the dishwater, the coffee grounds, the cereal milk somebody poured out at breakfast. Kids work about the same way. The sit-down conversation about investing and saving goes nowhere. What lands is the endless Amazon boxes on the porch, the credit card handed over without a care in the world, and the "sure, go ahead" that arrives before the money question is finished. In a house like yours, the thing they are soaking up is that money does not appear to run out. It all comes back out when you squeeze it. Like the time Nate’s boys asked his mother-in-law why she doesn't get a nicer car. We also answer questions from your colleagues. A Pediatrician in Oregon writes, “My husband and I both make good money, and we cannot agree on anything. He wants to save every dollar, and I want to actually use some of it. Who's right?” A mid-career physician in the Midwest asks, “What are the pros and cons of taking out a variable universal life insurance policy as a mid-career physician? An OBGYN in New Hampshire says, “I started with a hospital group mid-year last year because they offered me my dream setup: it was a short commute, pay and benefits were competitive, and the culture was exactly what I was looking for. They just got acquired this year, and everything has changed. Is it worth it for me to switch to locums at this point?” Are you ready to turn worries about taxes and investing into a plan for college and retirement? If you’re evaluating your options and want to learn more, visit physicianfamily.com and click 'Get Started' or you can ask a question of your own by emailing podcast@physicianfamily.com.

    #186 Do Kids Actually Soak Up Financial Advice?

  3. Sep 16

    #185 Physicians Don’t Need to Move the Financial Goalposts to Win

    Dessert comes after the vegetables. A seven year old goes along with this because at seven the broccoli takes four minutes and the ice cream shows up in the same hour.You have been eating vegetables since you were twenty-two.The lake house for three weeks with your brother's family, all four grandparents in one place while they can still get on a plane, the summer where nobody is covering anybody's shift. Every one of those is sitting on the far side of a plate that somebody keeps refilling, and the ice cream is scheduled for your early sixties, but by that time your kids will be in their late twenties and your parents will have stopped flying.My great grandfather ran cattle for fifty years and ate his dessert first, every day, before the meal. He was not a man anybody would have called undisciplined.The pie did not cost him the ranch, and the week at the lake is not going to cost you your retirement.This week we answer your colleagues' questions:In “asking for a friend,” we answer, “What is inflation and how does it affect me?”An Emergency Medicine Doc in Colorado asks: "We have 1.1M in assets and are on track to retire by 60 but I haven’t seen anyone in my group make it past 57 before getting a less demanding job and I still have 50k in private student loans. Can we afford to re-do our basement and go on a vacation?"A Radiologist in Missouri says, “My company offers a cash balance plan, and I currently contribute $60k per year, but could increase that. Should I contribute more?”A Dermatologist in Georgia asks, “I am 38, make 800k a year now, but I just went through a divorce and only have about 100k saved for retirement due to switching jobs multiple times before I qualified for retirement benefits. Can I retire before I am 70?”Are you ready to turn worries about taxes and investing into a plan for college and retirement? If you’re evaluating your options and want to learn more, visit physicianfamily.com and click 'Get Started' or you can ask a question of your own by emailing podcast@physicianfamily.com.See marketing disclosures at physicianfamily.com/disclosures

    #185 Physicians Don’t Need to Move the Financial Goalposts to Win

  4. Sep 9

    #184 Smart Strategies for Docs Who Inherit Brokerage Accounts

    What is in your garage that you would not go out and buy today?The elliptical. Your father-in-law's table saw. Six gallons of the paint color from the last house.This week we take a question from a physician who inherited a large position in a single company's stock and has left it alone since the day it arrived.We also answer your colleagues' questions.A surgeon's son in Washington wonders, “What is the rule of 72?”A dermatologist in Arizona says, "We inherited $300,000 that has been sitting in savings ever since. Every time I go to invest it, the market is at another record high. When do I pull the trigger?"A rheumatologist in Kansas asks, "My whole 403(b) is in one total market fund. I keep reading that the index is really just ten AI companies now. Am I less diversified than I think?"Are you ready to turn worries about taxes and investing into a plan for college and retirement? If you’re evaluating your options and want to learn more, visit physicianfamily.com and click 'Get Started' or you can ask a question of your own by emailing podcast@physicianfamily.com.See marketing disclosures at physicianfamily.com/disclosures

    #184 Smart Strategies for Docs Who Inherit Brokerage Accounts

  5. Sep 2

    #183 Docs Don’t Need to Shipwreck Their Plan to Keep Family Afloat

    Every lifeguard learns the same thing before they are allowed near the water. You do not swim into someone's arms. A panicking person will climb you, and then there are two people in trouble instead of one, so you bring something that floats and you keep it between you. Nobody watching from the sand thinks the lifeguard is being stingy about it. This week we talk about aging parents who are running out of money, and what a physician's household has to keep standing while it helps. We also answer your colleagues' questions. A Surgeon in Pennsylvania says, “I currently have a HDHP with an HSA and contribute the family amount since my son is also on my insurance. He will drop off mid-year and I will then have single coverage. Does this affect my HSA contributions?” A Urologist in Minnesota wonders, “Our oldest starts college next fall and the 529 has more in it than I expected. How do we actually spend it, and do we tell him what's in there?” A Radiologist in Illinois asks, “I inherited an after-tax retirement annuity from my dad. What is it?” Are you ready to turn worries about taxes and investing into a plan for college and retirement? If you’re evaluating your options and want to learn more, visit physicianfamily.com and click 'Get Started' or you can ask a question of your own by emailing podcast@physicianfamily.com. See marketing disclosures at physicianfamily.com/disclosures

    #183 Docs Don’t Need to Shipwreck Their Plan to Keep Family Afloat

  6. Aug 26

    #182 Are Annuities Really a Bad Deal for Physicians?

    Nobody books the all-inclusive because the food is better. They book it because it takes the risk out of the trip. No bad rental in the wrong part of town and no hour-long drive to anything worth eating. An annuity is the all-inclusive resort of retirement. The right side of the menu is blank, but it’s “would you like fish or chicken” for seven days, and the pre-packaged excursions are the closest thing to spontaneity you will get all week (ask me about the fish bowl my son and I “snorkeled” in at the Aulani hotel in Hawaii last year). The bracelet they snap on at check-in also doesn't come off, and the money you already paid isn't coming back on the night you'd rather drive into town for tacos. Being worry-free about prices all week is not the same as the week being cheap. You paid for every one of those meals before you got on the plane, and you paid extra for the part where you don't have to think about it. Guarantees have a price, so what does handing that risk over actually cost your family? This week we go through what an immediate fixed annuity actually is: what the buyer hands over, what the insurance company takes on, and where the money goes at the end. We also answer your colleagues' questions. An Internal Medicine Doc in Oregon asks, “If we make a $125k contribution to our child's 529 account, will we owe gift taxes?” A double-doc family in Texas says, “We are currently renting but want to buy a home in the near future. We also have ~$150k of federal student loans and are not pursuing PSLF. Should we use extra cash to save for a down payment or should we pay off our loans quicker?” Are you ready to turn worries about taxes and investing into a plan for college and retirement? If you’re evaluating your options and want to learn more, visit physicianfamily.com and click 'Get Started' or you can ask a question of your own by emailing podcast@physicianfamily.com. See marketing disclosures at physicianfamily.com/disclosures

    #182 Are Annuities Really a Bad Deal for Physicians?

  7. Aug 19

    #181 Lifting the Financial Hood: How Young Doctors Can Demystify Market Risk

    Stock market charts can look like roller coasters, and most people assume the young riders are the ones who enjoy the drops. Not always. Nate Reineke and Chelsea Jones answer a question from an emergency medicine physician who is naturally risk-averse and feels pressure to invest aggressively simply because of their age. We also answer your colleagues' questions. A surgeon in Georgia asks, “We have a decent-sized brokerage account but found ourselves in a position with no emergency fund and a five-figure emergency. Should we take out a HELOC or withdrawal from our account?” A pediatrician in Oregon writes, “I have been a diligent saver for much of my career, and on top of that, I just received a sizeable inheritance of a couple million dollars. I still plan on working until 65. Can I start overspending on travel a bit now?” A Family Medicine Doctor in Texas says, “I am working toward PSLF and have heard about the “buyback program”; what is it and how does it work?” Are you ready to turn worries about taxes and investing into a plan for college and retirement? If you’re evaluating your options and want to learn more, visit physicianfamily.com and click 'Get Started' or you can ask a question of your own by emailing podcast@physicianfamily.com. See marketing disclosures at physicianfamily.com/disclosures

    #181 Lifting the Financial Hood: How Young Doctors Can Demystify Market Risk

  8. Aug 12

    #180 Saving Beyond the 529: How Doctors Can Pass Down Wealth

    There are two ways to get saving for your children wrong. You can undersave and leave your kids with student loans. You can oversave and hand a nineteen year old a pile of money with no strings attached. Physician families tend to worry about the first one and end up closer to the second. In our new episode, we discuss which accounts help keep you out of both ditches! We also answer your colleagues' questions A Surgeon in Arizona says, “My portfolio has drifted way off from where I set it a few years ago because stocks ran up so much. Do I actually need to rebalance, and if so, how do I do it without triggering a big tax bill?” A Hospitalist in Texas asks, “I've got a 401(k), a Roth IRA, an HSA, and a taxable brokerage account, and I have no idea what's supposed to go where. Does it matter which investments live in which account, or can I just buy the same thing across all of them?” A Gastro doc in Michigan writes, “Every time the market drops, I get the urge to sell and wait until things calm down. Is there ever a good reason for a long-term investor to move to cash, or is that always a mistake?” Are you ready to turn worries about taxes and investing into a plan for college and retirement? If you’re evaluating your options and want to learn more, visit physicianfamily.com and click 'Get Started' or you can ask a question of your own by emailing podcast@physicianfamily.com. See marketing disclosures at physicianfamily.com/disclosures

    #180 Saving Beyond the 529: How Doctors Can Pass Down Wealth
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4.9
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About

Are you a dedicated physician mom or dad, striving to balance your practice and family while securing your financial future? With the demands of work and family life, navigating the complexities of investment options, tax laws, and retirement planning can be overwhelming. Join Nate Reineke and Chelsea Jones, seasoned Certified Financial Planner™ professionals, on a mission to empower physician parents like you with the knowledge and tools needed to achieve long-term financial security. Through our podcast, we provide expert financial advice tailored to physicians, covering essential topics such as wealth management, retirement savings, tax-efficient investing, and estate planning. Gain valuable insights into wealth accumulation strategies, investment strategies, and asset allocation techniques to optimize your financial portfolio. Enhance your financial literacy with practical budgeting tips and learn how to set and achieve long-term financial goals. Discover effective risk management strategies to protect your assets and ensure a secure future for your family. Whether you're planning for retirement, saving for your children's education, or considering estate planning options, our podcast offers actionable advice to help you make informed decisions. Explore college savings plans, retirement income strategies, and specialized financial planning for physicians to maximize your financial well-being and investment. Subscribe now to our podcast to access guidance on navigating the complex world of finance and visit https://physicianfamily.com/podcast to learn more about how we can help you achieve financial peace of mind and secure your future investments See Marketing Disclosure at www.physicianfamily.com/disclosures

Information

  • Creator
    Nate Reineke
  • Years Active
    2021 - 2026
  • Episodes
    186
  • Rating
    Clean
  • Copyright
    © 2026 2024 Copyright Physician Family Financial Advisors Inc.
  • Show Website
    Physician Family Finances Podcast

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