Are you financially prepared to retire? Our newest blog focuses on how to get ready to step away from work if burnout strikes ..read more

Marshfield Clinic Health System physicians: Are you fully leveraging your benefits? From retirement plans to health and insurance options, our latest guide explains everything you need to know to make the most of what’s offered ..read more

Are you a doctor looking for financial advice? Read my article about the difference between financial planning and investment management ..read more

Ready to take your financial knowledge to the next level? Discover the essentials of stocks and bonds with our latest guide tailored for physicians. Learn how to choose the right investments to help meet your long-term goals ..read more

From residency to retirement, strategic financial planning can significantly impact a physician’s life. Learn how to build wealth, manage debt, and create a stable financial future ..read more

By Jared Andreoli, CFP®, CSLP® Congratulations on making it through residency! Now that you’re a full-fledged doctor, it’s time to start thinking about how to grow your money. As investment management is one of the fundamental financial planning services we offer at Simplicity Financial, I can clarify your understanding of the different types of investment accounts. In this article, I break down everything you need to know, with an emphasis on choices that are especially useful for new doctors. My goal is to help you make wise investment decisions, from tax-exempt accounts that help you save ..read more

By Jared Andreoli, CFP®, CSLP® Physicians face the realities of life and death in their daily work, yet many can shy away from contemplating their own mortality. Nevertheless, it’s crucial for doctors to consider this inevitability and to strategically plan their estate. An estate plan gives you control over who inherits your money and property if you die or who can make medical or financial decisions on your behalf. While physicians face some unique legal challenges, like safeguarding against malpractice claims, their career stage and age should not be barriers to initiating estate planning ..read more

By Jared Andreoli, CFP®, CSLP® If asked, “What is the average professional’s most valuable asset?” most might think of their house or their 401(k) retirement account. Either may be true, but in reality the answer is the ability to earn income. Physicians normally earn a higher-than-average income throughout their careers, so this ability to use their training to help their patients is a uniquely valuable asset. Just as a property or a business should be insured, so should this asset as part of their overall financial planning. Those under age 35 have a 33% chance of incurring a partial disabi ..read more

By Jared Andreoli, CFP®, CSLP® Tax season can be a complex balancing act, especially for married physicians filing taxes separately. While the benefits of Married Filing Jointly (MFJ) are undeniable for many couples, Married Filing Separately (MFS) can offer unexpected benefits for high-income earners.  As a CERTIFIED FINANCIAL PLANNER™ professional at Simplicity Financial LLC, I work with a lot of married physicians with student loans. Depending on their specific situation, I typically suggest they file their taxes separately from their spouse. For high-earning married clients, the redu ..read more

By Jared Andreoli, CFP®, CSLP® Have you ever encountered patients who think WebMD has all the answers? Sure, AI-generated health advice may work when it’s something simple, like a cold. But for more complex needs, it’s best to rely on advice from a trusted physician, like yourself. The same can be said when it comes to relying on AI or robo-advisors for your finances. While these tools are great for beginners, they can’t do everything—especially when it comes to the specific financial challenges faced by physicians.  Let’s explore the top reasons for working with a financial advisor over ..read more