Should I put my cash in treasuries?
Episode Overview:
In this episode of the Physician Family Financial Advisors podcast, hosts Nate Reineke and Ben Utley, both Certified Financial Planners, discuss financial strategies for physician families. They explore how to use extra cash effectively, looking at options like U.S. Treasuries, T-bills, ultra-short-term bond funds, ETFs, CDs, and high-yield savings accounts.
The hosts also share valuable tax strategies and planning tips, addressing private family foundations, 401(k) vesting schedules, and the benefits of consulting financial advisors during job changes. They offer insights on choosing between lump sum investing and dollar cost averaging to support informed financial decisions.
This episode is filled with insights and ideas to help physician families navigate their financial planning journey.
Key Takeaways:
1.Investment Options:
-Understand the differences between U.S. Treasuries, T-bills, bond funds, ETFs, CDs, and high-yield savings accounts.
2.Tax Strategies:
-Discover the pros and cons of private family foundations and the importance of knowing your 401(k) vesting schedule.
-Understand why consulting an advisor during job changes can be beneficial.
3.Investment Planning:
-Recognize the value of having a financial plan to guide decisions.
-Lump Sum vs. Dollar Cost Averaging:
-Explore which strategy might work better for you based on your comfort with investing.
4.Behavioral Insights:
-Consider the psychological aspects of investing and how they can impact your decisions.
Closing Thought:
Remember, you’re not just making a living, you’re making a life. Join us next time for more tips!
Thank you for listening to the Physician Family Financial Advisors podcast!
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