Your money questions answered

What do you do with an old 401(k)? Should  single people buy life insurance? And how do you let yourself actually enjoy your money after years of frugal living?

In this episode, we answer listener-submitted questions that touch on common financial challenges physicians face. We break down rollover options for a small 401(k), including pros and cons of using a Roth IRA or your new employer’s plan. We also dive into when life insurance is necessary and when it might be okay to wait.  Plus, for those struggling to transition out of the frugal residency mindset, we share strategies for spending with intention while still staying on track financially. Tune in for actionable advice and real-life insight to help you navigate these key financial decisions with clarity and confidence.

[00:05:32] Navigating Financial Differences in Marriage
[00:10:45] What to Do With an Old 401(k)?
[00:17:30] Do I Need Life Insurance as a Single 30-Year-Old Woman?
[00:22:40] How to Shift From a Saver Mindset to Allowing Spending?
[00:26:53] Destination Weddings & First-Class Flights

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🎉This episode is sponsored by  PKA Insurance Group, Inc. - Helping you find the best value with personalized insurance solutions. Reach out to PKA Insurance Group to discuss your disability or life insurance needs by calling +1 800-258-1018 or emailing [email protected].

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Wishing you a fantastic week ahead and happy wealth building!