WisMed OnCall

Not sure where to start with retirement planning? Mark Ziety, Executive Director of WisMed Financial discusses the six keys to retirement planning in this episode of WisMed OnCall.

Slide deck

Webinar recording

Mark Ziety, Executive Director of WisMed Financial and Marje Murray, Executive Director of the Wisconsin Medical Society Foundation discuss end of year giving in the latest episode of WisMed OnCall. Learn why it’s so important to the charities you support and how you can make a positive impact and earn a tax deduction now that most of us are filing using the standard deduction.

Presented by WisMed Assure and the Wisconsin Medical Society Foundation

Guest: Rufus Sweeney, third year medical student at UW School of Medicine and Public Health

Even knowing how much to save for retirement can be complicated. 

In this eleventh and last podcast in the series, Rufus Sweeney and former Wisconsin Medical Society COO Peter Welch discuss the ins and outs of saving for your retirement. Timing is everything and Rufus explains how you can make the right choice at the right time. If you want to learn what you need to know about the investment vehicles and contribution strategies you can choose from, this podcast is for you.

Resources:

White Coat Investor®

• Percentage of Current Income Needed In Retirement
• How to Retire Early as a Doctor
• Retirement Archives

Presented by WisMed Assure and the Wisconsin Medical Society Foundation

Guest: Rufus Sweeney, third year medical student at UW School of Medicine and Public Health

You can significantly impact your finances with just some strategic tax planning.

In this tenth podcast in this series presented by WisMed Assure and the Wisconsin Medical Society Foundation, medical student Rufus Sweeney and former Wisconsin Medical Society COO Peter Welch discuss how to avoid overpaying income tax. They explain why it is important for you to understand the difference between marginal and effective tax rate and this single piece of knowledge can save you hundreds of thousands of dollars over the course of your career.

Resources: White Coat Investor® – Tax Strategists Physicians Practice® – 5 critical tax planning strategies for physicians

Presented by WisMed Assure and the Wisconsin Medical Society Foundation

Guest: Rufus Sweeney, third year medical student at UW School of Medicine and Public Health

Insurance can help mitigate the stress that an injury or illness will prevent you from supporting your family or maintaining your quality of life.

In this ninth podcast in the series presented by WisMed Assure and the Wisconsin Medical Society Foundation, medical student Rufus Sweeney and former Wisconsin Medical Society COO Peter Welch give you a quick overview of why insurance is, in fact, a sexy subject. They discuss why you would want life insurance and how much you need. They also discuss disability insurance and how getting it early can save you a lot of money long term. Plus, why it’s a no brainer to get umbrella liability insurance.

Reach out to WisMed Assure, the Society’s insurance agency, with questions about your insurance.

Resources:

WisMed Assure – Insurance Videos White Coat Investor® – Insurance Policygenius – Best disability insurance for doctors

Presented by WisMed Assure and the Wisconsin Medical Society Foundation

Guest: Rufus Sweeney, third year medical student at UW School of Medicine and Public Health

In this eighth episode in the series, UW School of Medicine and Public Health medical student Rufus Sweeney and former Wisconsin Medical Society COO Peter Welch, explore why you need to set up an emergency fund, how to go about doing it and when to use it.

Resources:

Allied Bank: Savings and Term Deposits

9 Best High-Yield Online Savings Accounts of July 2020 – nerdwallet

For those who qualify, Public Service Loan Forgiveness (PSLF) may be a way to help repay student loans. However, there are many factors to consider when determining whether this is a viable option.

In this seventh podcast in the series presented by WisMed Assure and the Wisconsin Medical Society Foundation, medical student Rufus Sweeney and former Wisconsin Medical Society COO Peter Welch, discuss the ins and outs of PSLF. Specifically, they explore reasons to pursue PSLF or not and how to qualify for PSLF.

For details about Public Service Loan Forgiveness, click here.

Presented by WisMed Assure and the Wisconsin Medical Society Foundation

Choosing the best plan for repaying your federal student loans depends on your ability to pay and your financial goals.

In this sixth podcast in the series, medical student Rufus Sweeney and former Wisconsin Medical Society COO Peter Welch discuss the commonalities and differences of the various types of Income Driven Repayment plans available.

Knowing the difference between simple and compound interest as well as loan capitalization is critical to understanding how to manage your debt and maximize your savings.

In this fifth podcast in the series presented by WisMed Assure and the Wisconsin Medical Society Foundation, medical student Rufus Sweeney and former Wisconsin Medical Society COO Peter Welch, discuss the various types of interest and when it might work for or against you.

Resources:

• The White Coat Investor
• The Physician Philosopher

Presented by WisMed Assure and the Wisconsin Medical Society Foundation

Amassing a considerable amount of debt during medical school is standard for the majority of medical students. Even though debt is rarely seen as a good thing, there’s a difference between good debt, bad debt and debt to be avoided at all cost.

In this fourth podcast in the series, medical student Rufus Sweeney and former Wisconsin Medical Society COO Peter Welch discuss the various types of debt students accumulate and how choosing wisely now makes paying off your debt much easier.

Resources:

• When in doubt, talk to your financial aid officer.

- Emma Crawford at University of Wisconsin School of Medicine and Public Health

• The White Coat Investor is also a source for great guidance on how to acquire and manage the “good” forms of debt.