Over the past two years, there has been a dramatic increase in interest rates from historically low levels, the impact of which has been felt by everyone, regardless of stage of life. In this episode, we take a closer look at this dynamic. We start by explaining what an interest rate is, provide some historical context for how the current environment compares to prior periods, talk about how the impact of higher interest rates varies depending on the stage of life you’re in, and wrap things up by sharing some potential strategies and opportunities that are presented by higher interest rates.

• Download our guide: The Toolkit for Optimizing Your Finances as an Employed Physician
• Download our guide: The Financial Checkup

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As we head toward open enrollment season, this episode is dedicated to a deeper dive into Health Savings Accounts (or HSAs). As the title implies, this is one of our favorite financial accounts, and in this episode, we explain why. We start by outlining exactly what an HSA is, talk about the triple tax benefit of it, discuss the investment component of an HSA, touch on some of the different things you can spend HSA money on (including a surprising expense in retirement), and then bring it all together by sharing some of the strategies around an HSA and how we prefer to use it within a financial plan. 

• Episode #25: Planning for Healthcare In Retirement
• Download our guide: The Toolkit for Optimizing Your Finances as an Employed Physician
• Download our guide: The Financial Checkup

• https://mdwmllc.com 
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In this episode of the podcast, we discuss five of the most common investment mistakes people make: 1) Waiting for the “right” time to invest, 2) Anticipatory selling, 3) Buying into (or buying more of) the latest “hot” stock or investment trend, 4) Concentrating in one stock or one area of the investment universe, and 5) Chasing income, yield, or a similar theme. 

For each mistake, we explain what drives it, how it typically materializes, and what you can do to avoid falling victim to it. The universal theme underlying each mistake is human behavior and emotion, which makes for an interesting discussion of how to fight our natural survival tendencies that, unfortunately, don’t serve us well as investors.

• Episode #48: Lump Sum of Cash to Invest – All at Once or Gradually?  
• Episode #53: How to Manage Your Retirement Paycheck During a Market Decline
• Download our guide: The Toolkit for Optimizing Your Finances as an Employed Physician
• Download our guide: The Financial Checkup

• https://mdwmllc.com 
• Follow on LinkedIn
• Follow on Facebook

Subscribe to The Physician’s Guide To Financial Wellness
on Apple Podcast, Spotify, and Google Podcast