Weekly Rounds: Issue #007

Week of 6/15/2025

Author

Wealth Rounds
June 15, 2025 • Estimated Reading Time: 4 minutes

Financial literacy is our best prescription for wealth security. This month, I'm sharing critical insights on retirement rollovers, controversial investment perspectives, and physician-specific financial planning strategies. We'll also explore a concerning EHR access risk in estate planning and examine why so few actually reach that coveted $1M retirement milestone. 💰

📈 Rollovers, Roth, and Investing

Source: WCI
Published: June 12, 2025

This article addresses IRA strategies including Mega Backdoor Roth, regular Backdoor Roth IRA, and rollovers, while discussing high-yield dividend funds and providing guidance on asset allocation and location. Content originally appeared on The White Coat Investor website, focusing on financial advice for physicians.

👨‍⚕️ How to build a financial plan that works for physicians, not just their advisers

Source: Medical Economics
Published: June 11, 2025

Effective physician financial planning requires balancing tax efficiency and adequate liquidity while aligning investment strategies with personal goals. Advisers should prioritize physicians' unique needs rather than commission-driven products, creating sustainable wealth management solutions that serve doctors' long-term financial interests.

👴 Can You Guess How Many People Retire With $1 Million Saved? Hint: Way Fewer Than You Think

Source: Personal Finance
Published: June 13, 2025

Only 4.7% of households with retirement accounts have saved $1 million or more. Among 65-74 year olds, average savings are $609,230, but the median is just $200,000. For those over 75, savings decrease further, highlighting the significant gap between typical retirees and wealthy outliers.

👨‍⚕️ The overlooked risk in physician estate planning: Who can legally access the EHR?

Source: Medical Economics
Published: June 13, 2025

Physicians must include EHR access in estate planning to ensure continuity of care. Digital estate plans are essential for maintaining patient records when a provider dies or becomes incapacitated. Designating authorized individuals and documenting access protocols protects both practice operations and patient information during transitions.

📈 The White Coat Investor’s 11 Most Controversial Teachings

Source: WCI
Published: June 9, 2025

The White Coat Investor presents controversial financial advice for physicians, covering topics that generate significant disagreement among readers. These unconventional teachings challenge traditional perspectives on investing and personal finance specifically tailored for medical professionals seeking to optimize their financial well-being.

As we've explored throughout these articles, financial independence for physicians requires intentional planning beyond conventional advice. The common thread? Personalized strategies tailored to our unique professional circumstances, whether considering Roth conversions or estate planning that addresses EHR access. Remember, you're among the minority working toward that seven-figure retirement - but with disciplined investing and thoughtful planning, you can certainly join those ranks. 💼