))
Great income and a job I love but no balance - What should I do?
Manage episode 435374011 series 3584152
Sisällön tarjoaa W. Ben Utley and Nate Reineke, W. Ben Utley, and Nate Reineke. W. Ben Utley and Nate Reineke, W. Ben Utley, and Nate Reineke tai sen podcast-alustan kumppani lataa ja toimittaa kaiken podcast-sisällön, mukaan lukien jaksot, grafiikat ja podcast-kuvaukset. Jos uskot jonkun käyttävän tekijänoikeudella suojattua teostasi ilman lupaasi, voit seurata tässä https://fi.player.fm/legal kuvattua prosessia.
In this enlightening episode, we delve into the world of estate planning and work-life balance specifically tailored for physicians. We cover essential strategies to secure your financial future while maintaining a fulfilling personal life. Learn about the crucial differences between wills and trusts, the importance of durable power of attorney, health care directives, and the simple yet effective measure of freezing your credit to safeguard against identity theft. Additionally, discover practical tips on outsourcing tasks and setting priorities to reclaim your time and enhance your overall well-being.
Key Takeaways:
1. Book Recommendation - "How to Improve Your Marriage Without Talking About It":
- Ben Utley shares how this book has significantly improved his personal and professional relationships by understanding core psychological needs.
2. Wills vs. Trusts:
- A will takes effect upon death, whereas a trust is effective once created and funded.
- Trusts can offer more control and privacy, avoiding the public probate process.
- A "pour-over" will can ensure any assets not included in the trust are transferred into it upon death.
3. Essential Legal Documents:
- Durable power of attorney allows a trusted person to manage your financial affairs if you're incapacitated.
- Health care directives are crucial for making medical decisions when you cannot.
4. Freezing Your Credit:
- Freezing your credit is a simple, effective way to protect against identity theft.
-Easily done through the websites of the three major credit bureaus: Experian, TransUnion, and Equifax.
5. Work-Life Balance for Physicians:
- High-income professionals like cardiologists face unique challenges in balancing work and personal life.
ARE YOU GETTING ALL THE TAX BREAKS YOU REALLY DESERVE?
To find out, get your copy of The Overtaxed Doctor's Retirement Investing Checklist at https://physicianfamily.com/go
GOT A QUESTION?
Write to us at podcast@physicianfamily.com.
Disclaimer: See marketing disclosures at www.physicianfamily.com/disclosures
90 jaksoa
Jaa
