Money Talk For ER Docs‪™‬ ER Doc Advisor

Consciously or subconsciously, ER docs know they can’t keep doing their job forever. Unlike other professions, it’s rare to see people working into their 70s and 80s in this field. But what would a world need to look like for that to not be the case? How would things need to be structured to make working to 70, 80, or even 100, doable?
On today’s episode, we’ll discuss the concepts of “retirement” and “financial independence” and the things you’ll want to consider to not only get to these stages of your life, but to live a fulfilling life in them.

It’s been a couple of years since that infamous ACEP workforce study was released which forecasted an alarming surplus of ER doctors by the year 2030. Like seemingly all things relating to the emergency medicine space, the estimate doesn’t seem to be playing out as expected. If anything, if trends continue, we could be living in a world where the exact opposite is true – possibly an undersupply of ER docs.
On today’s episode, we’ll discuss what a recent expert panel of ER doctors presented on the future of the workforce, the factors that went into arriving at their findings, and what this could mean for you.

Making money while you sleep is a worthy pursuit. And what better way to do it than within the comfort of your bank account! Little risk; high returns… it seems these days everybody is comparing rates between different savings account options.
But someday the musical chairs will end and where will you be? In today’s episode, we’ll discuss cash as an investment vehicle, the topic of inflation, and all things long-term investing in high-interest rate environments.

Tax-loss harvesting is sort of like a buzzword – many have heard it, but the true value of it and how it plays out is often misunderstood or, at the very least, confusing.
While there can be value, the ultimate benefit is more nuanced than one would think. On today’s episode, we’ll hopefully show why that is and ultimately discuss whether or not it’s everything it’s cracked up to be, especially as it pertains to the investment accounts of ER doctors.

Change is inevitable in life, and healthcare is no exception. This was especially true during COVID, but even to this day, more debt, high inflation, and its effect on wages and supplies, as well as legislative changes, all combine to create volatile environments within healthcare.
On today’s episode, we’ll get into two recent cases of change – MedExpress and APP – and what this could mean for ER docs. As always, we’ll reinforce some financial suggestions that you should be considering amidst changes occurring all around you.

The time has finally come – student loan payments are officially commencing. And while we hoped a major legislative change would kick the can further down the road or eliminate the debt altogether, unfortunately, that hasn’t happened. With that said, there are some major updates that need to be considered that just went into effect.
This is why today’s episode is a must-listen; we’ll go over Biden’s SAVE Plan option, some ER doc-specific math and case studies of when refinancing debt or hopping on (or switching) to an income-based repayment option may make sense, and finally end with some important deadlines you’ll want to make sure you are aware of.