The Sunday Best (03/22/2026)
Physician on Fire released three timely posts addressing financial pitfalls for doctors. The first examines asset‑liability mismatches that can cripple cash flow early in a medical career. The second compares Solo 401(k) and SEP‑IRA retirement vehicles, highlighting contribution limits and administrative complexity. The third, "The Sunday Best," shifts the conversation from mere saving to cultivating a wealth‑building mindset. Together, the pieces offer practical guidance for physicians navigating investment, retirement planning, and behavioral finance.
Solo 401(k) Vs. SEP-IRA for Physicians (2026): Which Wins for Your Income Level?
The article compares Solo 401(k) plans and SEP‑IRAs for physicians, breaking down contribution limits, tax deductions, and administrative requirements across different income brackets. It shows that high‑earning doctors can contribute up to $66,000 annually with a Solo 401(k), while SEP‑IRAs...
Does Inflation Hit Retirees Differently? What Physicians Need to Know
Physicians are being warned that inflation can erode retirees' purchasing power more sharply than for working‑age patients, especially when fixed incomes meet rising healthcare costs. The article outlines how price spikes in prescription drugs, long‑term care, and everyday expenses disproportionately...
Is the 4% Rule Too Frugal for Doctors?
A physician who began saving at 26 leveraged a Navy Reserve pension, Tri‑Care, and a debt‑free mortgage to retire comfortably at 70. By working minimal hours in his final years and taking required minimum distributions that exceeded his needs, he...
You Didn’t Survive Residency to Overpay the IRS
Physicians are overpaying the IRS by $15,000 to $50,000 each year, largely because of missed deductions and inadequate tax planning. A recent Doc Wealth webinar highlighted how tailored strategies—such as S‑Corp elections, Solo 401(k) and cash balance plans, and cost‑segregation—can...