Finance for Physicians

Hosted by Daniel Wrenne

Business Education

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Episodes

150

Latest episode

Jun 2026

Language

EN-US

About the show

The goal at Finance for Physicians is to help you use money as a tool to live a great life, on your own terms. Daniel Wrenne, podcast host and CEO of Wrenne Financial Planning, has spent the last decade advising physicians on their personal finances. On this podcast, he and his team will share the good, the bad and the ugly of navigating personal finances while practicing medicine. They’ll help you hone in on the financial decisions that matter most and make sense of the ever-changing personal finance landscape.

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60 recent

June 2, 202628 min

Final Episode: Life Insurance Planning for Mid-Career Physicians

Are your life insurance decisions still aligned with your current lifestyle and financial goals? Life insurance is one of those financial planning topics physicians often set up early in their careers and rarely revisit, even though their income, family needs, assets, and long-term goals may have changed dramatically over time. In this episode, Daniel Wrenne is joined by Ryan Inman of Financial Fellowship to discuss how mid-career physicians should reassess their life insurance needs. They break down how spending habits, growing assets, and changing family dynamics affect coverage needs over time. Listen in to learn how to evaluate existing policies, when it may make sense to reduce or restructure coverage, and why life insurance planning should adapt as your financial life changes. Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here. P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind. Links Financial Fellowship Connect with Ryan Inman Connect with me on my LinkedIn Contact Finance for Physicians Finance for Physicians To schedule a call with one of our awesome planners, book HERE.

May 19, 202626 min

Saving for College Late? What Physicians Should Know About 529 Plans

Are you worried that you started saving for your child’s college too late? Many physicians don't begin serious college savings until later in their careers, but by then, retirement savings, debt payoff, and buying a home can compete for attention. That's why understanding 529 plans is so important. In this episode, Daniel Wrenne is joined by Ryan Inman, co-author of Financial Residency and host of the Financial Fellowship podcast, to discuss 529 plans, college savings strategies, and financial planning for physicians. Listen in to learn how 529 plans work, why starting today still matters, and how to balance college savings with retirement planning. You'll hear practical advice for doctors who want to save for college while still achieving other financial goals. Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here. P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind. Links Financial Residency: Create Your Financial Plan Without the Long Hours or Sleepless Nightsby Ryan & Taylor Inman Connect with Ryan Inman Connect with me on my LinkedIn Contact Finance for Physicians Finance for Physicians To schedule a call with one of our awesome planners, book HERE.

March 31, 202633 min

How to Wreck Your Finances

Are small financial mistakes quietly making it harder for you to practice medicine on your own terms? Physicians often assume that a strong income will naturally lead to financial security, but that’s rarely how it works. In reality, the biggest financial setbacks usually come from avoidable habits and decisions that seem harmless in the moment. In this episode, Daniel Wrenne is joined by Hugh Baker to address some of the most common ways doctors unintentionally derail their finances, including the patterns they see most often in physician households. Listen in to learn how physicians can avoid some of the most common financial traps, why high income alone doesn’t guarantee financial freedom, and how a few overlooked habits can quietly keep you stuck longer than necessary. Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here. P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind. Links Vitals Check: Your Money Game Plan for Post-Residency Life Thinking, Fast and Slow by Daniel Kahneman Connect with Hugh Baker Connect with me on my LinkedIn Contact Finance for Physicians Finance for Physicians To schedule a call with one of our awesome planners, book HERE.

March 17, 2026Episode 21832 min

529 Accounts: What Physicians Get Wrong About College Savings

Are you missing out on one of the most powerful tax-advantaged ways to save for your kids’ education? Saving for your children’s education can feel overwhelming, especially when you’re balancing student loans, retirement planning, and a busy medical career. Yet one of the most effective tools available to physician families, the 529 plan, is often misunderstood or underused. In this episode, Daniel Wrenne is joined by Theresa Scheu to break down how 529 plans actually work and why starting early can make a significant difference. They discuss the tax advantages, how state plans vary, and why many physician families benefit from using these accounts as part of a long-term education strategy. Listen in to learn how 529 plans provide tax-free growth for education expenses, why early contributions benefit from compounding, how to evaluate state plans and potential tax deductions, and the flexible ways these accounts can be used for education across your family. Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here. P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind. Links Compare 529 Plans 529 Plans by State Morningstar 529 Ratings: The Best Plans of 2025 Connect with Theresa Scheu on LinkedIn Connect with me on my LinkedIn Contact Finance for Physicians Finance for Physicians To schedule a call with one of our awesome planners, book HERE.

March 3, 202627 min

Where Things Stand Now with Student Loans

Are your student loans quietly changing while you’re focused on tax season? Most physicians know tax season is stressful, but fewer realize that the decisions they make right now (like how they file and when) can directly impact their student loan payments for the next 12 months. In this episode, Daniel Wrenne sits down with Jeff Wenger to break down the latest student loan updates, how AGI affects income-driven repayment calculations, and what's happening with the SAVE plan and PSLF buyback program. Listen in to learn why filing jointly versus separately could significantly lower your student loan payments, how filing an extension might work in your favor, and what to do right now if you're pursuing PSLF and have months stuck in the SAVE forbearance. Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here. P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind. Links Federal Student Aid Connect with Jeff Wenger Connect with me on my LinkedIn Contact Finance for Physicians Finance for Physicians To schedule a call with one of our awesome planners, book HERE.

February 17, 202643 min

What Every Physician Should Know About Taxes

Are you treating taxes like an annual chore instead of a long-term strategy? Taxes are one of the biggest ongoing expenses physicians face, yet most doctors receive little to no formal education on how to manage them strategically. In this episode, Daniel Wrenne sits down with Logan Foltz, founder of TaxSmart MD and a former practicing psychiatrist, to talk about what physicians should really understand about tax planning, tax preparation, and how to avoid costly surprises. Listen in to learn why so many doctors feel frustrated with their accountants, the difference between tax preparation and tax planning, and what to look for when hiring a tax professional. Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here. P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind. Links TaxSmart MD Connect with Logan Foltz on LinkedIn Connect with me on my LinkedIn Contact Finance for Physicians Finance for Physicians To schedule a call with one of our awesome planners, book HERE.

February 3, 202631 min

Thinking About Buying a Home? What Physicians Need to Know Right Now

Buying a home as a physician looks very different than it does for most buyers, especially in today’s uncertain housing and lending market. In this episode, Daniel Wrenne sits down with Doug Crouse, a mortgage specialist at BMO, to discuss the current state of physician mortgages, how the housing market has evolved post-COVID, and what doctors should know when considering a home purchase. Listen in to hear Doug's perspective on declining markets in Florida and Idaho, why fewer residents are buying homes now compared to pre-COVID, and how banks are loosening lending limits as prices continue to climb. You'll get a practical perspective on PMI-free lending, the unique underwriting advantages of physician loans, and Doug's predictions for mortgage rates over the next few years. Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here. P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind. Links Doug Crouse BMO Hippocratic House - Download their free eBook! Connect with Doug Crouse Connect with me on my LinkedIn Contact Finance for Physicians Finance for Physicians To schedule a call with one of our awesome planners, book HERE.

January 20, 202648 min

DIY, Collaborator, or Outsourcer — A Roadmap for Physicians

Physicians often feel pressure to either manage their finances entirely on their own or hand everything off to an expert. In reality, it's usually best to land somewhere in between. Today, Daniel Wrenne is joined by Heather Lovallo to discuss how to think intentionally about whether to do it yourself, collaborate with a professional, or fully outsource your financial planning. Listen in to hear the real considerations behind each approach and the factors that matter most. You'll get practical guidance for early-career physicians setting a foundation, as well as a simple self-assessment to help identify where you fall on the DIY-to-outsourcing spectrum. Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here. P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind. Links Delegator, Validator, or DIYer? | White Coat Investor Vitals Check: Your Money Game Plan for Post-Residency Life YNAB Connect with Heather Lovallo Connect with me on my LinkedIn Contact Finance for Physicians Finance for Physicians To schedule a call with one of our awesome planners, book HERE.

January 6, 202639 min

Our Personal Finance Book and Pod Recommendations

Every year, we hear the same question from physicians: What should I read or listen to if I want to get better with money without drowning in jargon? In this episode, we step back from tactics and spreadsheets to talk about the personal finance books and podcasts our planning team consistently recommends. Daniel Wrenne is joined by Theresa Scheu to walk through a curated list of books and shows that have shaped how our planners think about money, behavior, and decision-making. Rather than technical investing manuals, these recommendations focus on habits, mindset, values, and long-term perspective. The conversation spans classics like The Richest Man in Babylon and The Millionaire Next Door, newer favorites like The Psychology of Money and The Wealth Ladder, and podcasts that help make sense of both personal decisions and the broader economic landscape. Listen in to hear why so many of these recommendations emphasize behavior over brilliance, how thinking intentionally about spending can be just as important as saving, and common themes that show up again and again. Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here. P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind. Links Of Dollars And Data Money For Couples with Ramit Sethi The Money Guy Show 50 Fires Marketplace Business News Podcast “Just Keep Buying” by Nick Maggiulli The Wealth Ladder: Proven Strategies for Every Step of Your Financial Life by Nick Maggiulli The Richest Man in Babylon by George S. Clason The Millionaire Next Door: The Surprising Secrets of America's Wealthy by Thomas J. Stanley & William D. Danko The Psychology of Money by Morgan Housel The Art of Spending Money by Morgan Housel Simple Wealth, I...

December 23, 202539 min

End of Year Round Table

As 2025 comes to a close, let’s sit down for an end-of-year round table to reflect on the themes that shaped the year and what physicians can take forward into 2026. In this conversation, Daniel Wrenne is joined by Hugh Baker and Jackie Griggs to reflect on the recurring themes they saw throughout the year. Listen in as they discuss the uncertainty driven by student loan changes, market volatility, political noise, and the constant stream of headlines competing for attention. You'll learn how many physicians managed anxiety around PSLF, investing during market swings, and making big life decisions without clear answers. They also share thoughtful guidance on wrapping up the year with intention by revisiting goals, checking progress, thinking about giving, and preparing for known changes ahead. Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here. P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind. Links The Art of Spending Money by Morgan Housel The Psychology of Money by Morgan Housel Connect with Hugh Baker Connect with Jackie Griggs Contact Finance for Physicians Finance for Physicians To schedule a call with one of our awesome planners, book HERE.