If you have a tax-inefficient portfolio, it can be like swimming with a giant t-shirt on. You can do it, but there is a lot of unnecessary drag. Nate Reineke and Kyle Hoelzle break down what tax drag in a portfolio means and how physicians like you can reduce it. We also discuss what kind of funds cause the most drag and a better alternative to replace them with. We also answer your colleagues' questions. An Anesthesiologist in New York says, “I have a whole life policy, and my agent told me it now 'pays for itself. ' Does that mean I should keep it?” Another doc asks, “I am not really looking to change up my portfolio, but can you tell me why I shouldn’t be buying things like gold or Bitcoin?” Are you ready to turn worries about taxes and investing into a plan for college and retirement? If you’re evaluating your options and want to learn more, visit physicianfamily.com and click 'Get Started' or you can ask a question of your own by emailing podcast@physicianfamily.com. See marketing disclosures at physicianfamily.com/disclosures

Mortgage rates are on the move once again, and if you have an ARM that is coming up on a variable rate period, it may be time to consider changing your mortgage type. The answer to knowing if you should is easier than you may think. Nate Reineke and Chelsea Jones give you the one simple step to determining what is best for you in the long run. We also answer your colleagues’ questions. A Neurologist in Georgia says, “I was revisiting my retirement benefits and I forgot that I had contributed to the 457 and not the 403b because my work matches "50% of your 457 Savings Plan contributions up to 4% of your eligible pay." I feel like I should max this out as well? We took the contribution to the 457 down to 0 in our 2nd to last visit. If we do max this out, would I contribute 8% to get the maximum contribution from work of 4%?” An OBGYN in New Jersey asks, “Do I actually need life insurance?” A Double Doctor Family in Florida wants to know, “Should we have our home purchase fund invested in the stock market?” Are you ready to turn worries about taxes and investing into a plan for college and retirement? If you’re evaluating your options and want to learn more, visit physicianfamily.com and click 'Get Started' or you can ask a question of your own by emailing podcast@physicianfamily.com. See marketing disclosures at physicianfamily.com/disclosures

The housing market seems to be heating up again as mortgage rates start to come down. If you’re planning a move, it can be hard to determine what upgrades to do on a house that will actually have a good return on investment. Nate Reineke and Chelsea Jones look at what upgrades generally have a good ROI and which ones may actually lose you money. We also share how sometimes the most basic fixes that boost curb appeal are actually the ones with the greatest impact on selling. We also answer your colleagues' questions. One doctor said, “We are ready to buy our forever home but all the houses in the area that meet our standards are $1.2M. We can build and buy property for $1.3M. Why wouldn’t we just do that?” A dermatologist in North Carolina asks, “Should I open an LLC for my 1099 Locums work?” An Infectious Disease Doc wonders, “On your most recent podcast, the last question was about putting post-tax money into a 401k. The doc did not have access to converting it to a Roth. At my institution this year, they are making us put our catch-up contribution amount for age 50+ post-tax into a Roth. I think this is different than the scenario that you spoke about, but can you clarify if this is acceptable?” Are you ready to turn worries about taxes and investing into a plan for college and retirement? If you’re evaluating your options and want to learn more, visit physicianfamily.com and click 'Get Started' or you can ask a question of your own by emailing podcast@physicianfamily.com. See marketing disclosures at physicianfamily.com/disclosures