While a guaranteed salary can provide much-needed financial stability as you transition into your new role, there are important factors to consider before signing on the dotted line. Some highlights from the episode:

The benefits & drawbacks of guaranteed salaries (including financial security and time to build your patient panel)

Key considerations regarding time commitments and the potential consequences of leaving early

The importance of understanding your income expectations and patient volume requirements once the guarantee period ends

Tax implications, especially if your guaranteed salary is structured as a forgivable loan, and how to prepare for potential tax bills

In this episode, I dive into the topic of student loans, specifically focusing on the implications of having $150,000 in debt. You'll learn about two main options for managing student loans: staying within the federal loan system or refinancing with private lenders. We outline the benefits and drawbacks of each approach, including the potential for lower interest rates through refinancing and the safety net provided by federal loans.

In this episode, we discuss the exciting (yet overwhelming) transition from training to attending-hood, specifically focusing on that first attending paycheck. Some highlights:

• - How to pay off credit card debt effectively

• - The importance of building an emergency fund

• - Tips for maximizing your 401(k) or 403(b) contributions

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  Financial planning for physicians: https://www.olsonfp.com

Welcome to the first episode of A Good Problem to Have! I'm your host, Tyler Olson, and in this episode, I introduce myself and share my journey in the financial planning field, specifically focusing on the unique challenges faced by physicians.

Since 2005, I've dedicated my career to helping individuals navigate their financial landscapes, and in 2018, I launched my own practice to better serve my clients. With a deep understanding of the financial hurdles that come with a medical career—such as student loans, delayed earnings, and the behavioral impacts of financial decision-making—I aim to provide actionable insights tailored for doctors.

In this episode, I discuss the concept of "good problems" in financial planning, like having a surplus in your checking account and the importance of addressing these situations thoughtfully. My goal is to make financial planning concise, useful, and relevant to your life.

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Financial planning for physicians: ⁠https://www.olsonfp.com⁠