Wait why do attendings not get paid parental leave?! Is it something about the responsibility of the job?
Where do doctors usually get financial advice from? Especially going from the resident salary to their first real “real job” making at least $250k per the cute infographic you shared—that’s a significant salary change that has annoying tax implications among other things, I’m curious if there is common knowledge that’s shared or taught among doctors. I’m thinking things like “back door” Roth IRA contributions, etc… just random thoughts that popped up in my head when reading your post
I actually don't know why they don't get paid parental leave. I presume it's because the practices can get away with it since it's "how things are done". Pretty crazy as many doctors wait till after they trained to have children!
https://www.whitecoatinvestor.com/ is a popular place where doctors get advice, particularly for doctor-specific things like self-paid disability insurance. Otherwise, it's very much word of mouth, similar to everyone else (but their salaries are much higher than the average person's). Also, I feel like at a certain point (which I never expect to reach), some people are okay with giving up some financial opportunities not to have to deal with the "extra work" like doing a backdoor Roth.
It will be interesting to see more and more of the people Dr. Viv went to med school/residency/fellowship transition to the attending salaries. I do worry about "keeping up with the Joneses"...
Wait why do attendings not get paid parental leave?! Is it something about the responsibility of the job?
Where do doctors usually get financial advice from? Especially going from the resident salary to their first real “real job” making at least $250k per the cute infographic you shared—that’s a significant salary change that has annoying tax implications among other things, I’m curious if there is common knowledge that’s shared or taught among doctors. I’m thinking things like “back door” Roth IRA contributions, etc… just random thoughts that popped up in my head when reading your post
I actually don't know why they don't get paid parental leave. I presume it's because the practices can get away with it since it's "how things are done". Pretty crazy as many doctors wait till after they trained to have children!
https://www.whitecoatinvestor.com/ is a popular place where doctors get advice, particularly for doctor-specific things like self-paid disability insurance. Otherwise, it's very much word of mouth, similar to everyone else (but their salaries are much higher than the average person's). Also, I feel like at a certain point (which I never expect to reach), some people are okay with giving up some financial opportunities not to have to deal with the "extra work" like doing a backdoor Roth.
It will be interesting to see more and more of the people Dr. Viv went to med school/residency/fellowship transition to the attending salaries. I do worry about "keeping up with the Joneses"...