ER Doc Advisor - Financial Planning & Taxes for Emergency Physicians

EP 218: Year-End Financial Reflections

As we close out the year, it’s the perfect time for a financial checkup. While we often focus on our savings rate during our working years, once we transition into retirement, the spotlight shifts to something equally, if not more, important: our spending rate.

Today, we’re diving into how the way we spend impacts our long-term financial security, and why taking a step back to reflect on our spending habits at the end of the year is essential for making sure we’re on track.

Topics Discussed:   

  • How much people tend to spend over the holidays.
  • Aspects of financial planning that are often devalued and overlooked.
  • The key to getting to your goals.
  • Why it’s important to plan ahead and be cautious about the residual effects of spending.
  • The value of saving more of your discretionary spending.
  • Variables at play when planning for a successful retirement.
  • How we help track spending and financial changes.

Resources Mentioned:

Tags:

financial reflections, financial tracking, lifestyle creep, lifestyle planning, saving, residual effects of spending, financial planning, emergency medicine, ER doc, ER doctor,