Feb. 21, 2023

Hot Tips for Physician Finances in 2023

Medical professionals have unique financial challenges and opportunities. But with the ever-evolving healthcare industry and economic changes, it can be difficult to keep track of the best financial strategies. With tax planning at the forefront for 2023, how can physicians make smart financial decisions and build wealth over time?

In this episode, Lauren and Kameron talk about the hot tips for physician finances in 2023. They dive deeper into the changes to the contribution limits for 2023, what physicians need to know about Secure Act 2.0, and what recommendations Lauren and Kameron have for all physicians.

Key Takeaways

  • [01:03] - Lauren and Kameron's favorite podcast episodes.
  • [04:18] - The changes to the contribution limits for 2023.
  • [07:31] - Kameron's advice to physicians who earn more money.
  • [10:22] - What physicians need to know about Secure Act 2.0.
  • [14:05] - How 529 funds can be rolled over to Roth IRAs.
  • [19:19] - What excites Lauren about the physician's retirement contribution for 2023.
  • [24:22] - Why people should revisit their estate plans now.
  • [29:06] - The recommendation Kameron has for all physicians.
  • [31:52] - How Vestia helps physicians stay invested in tough markets.
  • [35:46] - A powerful tool for diversifying portfolios.
  • [40:53] - Kameron's three key takeaways.


[09:16] - "Take advantage of every opportunity that's out there. Talk to your advisor and make sure you're funding the appropriate amount for your plan to maximize your benefits." ~ Kameron Helmuth

[24:07] - "Our entire team at Vestia doesn’t want to just be adding value today. We want to be proactive in thinking strategically about what is coming and how we can start now to put ourselves in a good position for what we think will happen in the future." ~ Lauren Oschman

[41:27] - "Whatever you're invested in needs to be with conviction, and you need an advisor that's bringing you proactive recommendations that will accommodate the current macroeconomic situation we're in." ~ Kameron Helmuth


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Financial Advisors for Physicians

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