Hugh Talks Common Money Mistakes on the MONEYFITMD Podcast

The dos and don'ts of personal finance for physicians

Hugh Baker, CFP® joined Dr. Latifat on the MONEYFITMD podcast to discuss the financial pitfalls that physicians often encounter and provided practical strategies to steer clear of them. 

Hugh and Dr. Latifat covered a wide range of topics including:  

• The importance of being intentional with your money and using your own personal values as the basis to guide how you spend and invest.  
• How to avoid common tax mistakes that can cost thousands - delving into why it's crucial to understand the intricacies of tax-advantaged accounts, like backdoor Roth IRAs and SEP IRAs, and learn how to review your tax return for potential errors. Hugh discussed this more in his recent Finance for Physician podcast Avoid Getting Taxed Twice - Common Errors and Easy Fixes.
• The key factors to consider when choosing a financial advisor/planner: Hugh provided insights into identifying an advisor who is a good fit for your specific needs, focusing on their ideal client profile, fee structure, experience with clients who have similar financial situations and transparency in compensation.

Listen to the full episode of MONEYFITMD

Want to learn more? Check these out:

Finance for Physicians podcast:  Avoid Getting Taxed Twice - Common Errors and Easy Fixes with Hugh Baker, CFP®

Wrenne Financial Planning is a registered investment adviser. The content of this blog post is intended for informational purposes only and is not intended to be investment advice. The views expressed in blog post are subject to change based on market and other conditions. Some information has been obtained/provided from third party sources and is believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy, reliability or completeness of, nor liability for, decisions based on such information, and it should not be relied on as such.