We are excited to introduce the M Advisor Podcast with Paul Morton, CFP®, ChFC®! This first episode discusses some foundational components of your plan: how to save. There is a ton of information about what to do with savings or even how much to save, but I don't see many people discussing how to save effectively. This podcast explores some simple and practical ways to create savings habits that make sense!

Once your income reaches a level where it covers your basic monthly expenses, you can begin to save more comfortably and more intentionally. Focusing on saving, rather than focusing on expenses, can propel your financial plan forward.

Click below to listen to the podcast. For more information, read these articles:

https://www.m-advisor.com/blog/your-new-budget

https://www.m-advisor.com/blog/maximizing-your-monthly-savings

M Advisor Podcast

How to Save

Income is your financial plan's most valuable resource. Protecting income is a fundamental necessity in your plan, and it's often one of the first steps in a financial plan, but I have always felt this purchase had been rushed and minimized. Purchasing life insurance is an emotional decision, and those emotions aren't discussed. A life insurance policy often acts as a love letter to your family, and purchasing a life insurance policy is a selfless act. What decisions are you making when you purchase a policy? Do you have a goal for the insurance? Did you purchase enough life insurance or not enough? This episode explores the fundamentals in protecting income against events outside of your control. Hosted by Paul Morton, CFP®, ChFC®

Here's some further reading:

Article: https://www.m-advisor.com/blog/life-insurance-dos-and-donts

Article: https://www.m-advisor.com/blog/life-insurance-decision-making

Life Insurance in a Financial Plan

Protecting income against sickness and injury isn't always simple. In the fundamentals in financial planning, your investment decisions can provide long-term benefits, whether you continue working or not. This episode explores the fundamentals in protecting income against events outside your control.

Hosted by Paul Morton, CFP®, ChFC®

Further Reading:
www.m-advisor.com/blog/free-advice-to-ask-your-car-insurance-agent-try-this

How to Protect Income

As a professional, how do you protect your income and assets against personal lawsuit? This episode explores the fundamentals in protecting income against events outside your control.

Protect Against Personal Lawsuit

Do you know much about the retirement plans at your hospital? Discover the differences between all the most popular and likely retirement plans offered in hospitals to understand and determine where they fit in your plan.

Hospital Retirement Plans

Learn the basics of IRAs, from Traditional IRAs to Roth IRAs to employer-sponsored IRAs. What do all IRAs have in common and what variations are there? IRAs are a staple in the financial planning world, so it's important to understand how they work.

Hosted by Paul Morton, CFP®, ChFC®

Introduction to IRAs

The fundamentals of backdoor Roth IRA contributions are quite simple, and this episode explores the basics of what a backdoor Roth IRA means and how to do it.

Hosted by Paul Morton, CFP®, ChFC®

Backdoor Roth Funding

Money can be a difficult topic of conversation between family members, yet much of our financial planning is completed for the benefit of our family. How can we start the conversations about money that are supposed to make us feel connected -- not exposed. The stories about wealth and money create our legacies, but these stories often go undiscovered.

Discussing Plans and Legacies with Family

The world around us is constantly changing. Can you create a financial plan that accounts for changes you couldn't possibly predict?

The Future Is Unknown, Can Your Plan Keep Up?

The new year often grants us the mental and emotional capacity to tackle big projects and better ourselves. Here are a few ways to self-assess your financial well-being to get your financial planning on track for you and your family's benefit.

Financial Self Assessment

Who takes care of the caretaker? Physicians need to make sure to take care of themselves to be able to provide for their patients and families.

Take Care of Yourself, Too, This Year!

What is an HSA? Many physicians have them available in their benefit packages, but what do they do and how do they work? Find out if an HSA is right for you!

What is an HSA?

457(b) plans are offered at many hospitals around the country. These plans offer an easy way to reduce current earned income and provide another avenue of tax deferred growth; however, 457(b) plans are not retirement plans. Instead, these accounts are classified as salary deferral plans, so they are fundamentally different than retirement plans with their own pros and cons. Learn if 457(b) plans align with your financial goals or inhibit them.

457 Plans

Investment strategies can get complicated, but even when the situation gets complex, the fundaments often remain a backbone of any plan. This podcast takes you through the very basics of understanding a stock vs. a bond, and then how these investments are utilized. There are three core strategies discussed: strategic allocation, index investing, and tactical investment models.

Investment Fundamentals

Group long-term disability insurance is offered by many hospital systems as a benefit to physicians. The details of this benefit are often overlooked. Learn about the basics of this benefit and what to look for when evaluating your own policy. Using the information from this podcast episode can help you create a better plan for you and your family.

Group Long Term Disability

Get a broad introduction to individual disability insurance. What is individual disability insurance and what to look for. Get information to review your current insurance policy. 

Visit m-advisor.com to find more content, ask questions, and schedule meetings.

Individual Disability Insurance

Many people engage in financial planning seminars, books, and courses. Most of the time, the information is too general to provide your own stamp on these plans and the audience is often left asking, "Now what?"

M Advisor Podcast 32 Making A Plan YOUR Plan

Money is a tool, and we should consider valuing it as such. Money, in and of itself, isn't enough to create we're proud of.

Money Isn't Enough

We live everyday in our physical fitness, and we watch our abilities change with our diet and exercise. Likewise, do we have an financial fitness? Can we "work out" our financial lives to absorb emergencies and take advantage of opportunities? How does our emotional well-being fit into our financial fitness? You'll find some good questions to ask yourself!

Financial Fitness

Saving money is important, but sometimes our lives get knocked out of balance. Medical school, residency, fellowship, and the first job contract are all situations where life gets busy, and the lack of money magnifies the craziness. Is it ever OK to have times when we don't save money? Or maybe we just need to give ourselves some grace when life gets hectic.

Balance On Living Life And Saving Money

This is my thoughts on Bill Perkin's book "Die with Zero". I felt there was a good message in this book, and here are my thoughts.

My Thoughts on "Die With Zero" By Bill Perkins

Reading from the article: Why M Advisor Exists: A Mini Manifesto. This short article captures why M Advisor exists today. Read the article here:

https://www.m-advisor.com/blog/why-m-advisor-exists-a-mini-manifesto

Thanks for listening!

Why M Advisor Exists- A Mini Manifesto

It's scary season and Friday the 13th to boot. Here are a few examples of unsuitable transactions I commonly see. What's scarier than unsuitability? Make sure the lights are on when you hear this!

Scary Unsuitable Transactions

Our finances can feel out of control if we don't have the right balance in our money and life, but what determines that balance?

Financial Balance

What is a will and do you need one? Take a quick moment to learn the basics of one of the most foundational estate planning tools available to us.

What Is A Will?

A little insight on how to start your financial planning journey in 2024. Get your finances on track once and for all!

Get Your Finances On Track In 2024

Learn the basics of umbrella insurance: What is umbrella insurance and how do you get umbrella insurance? These policies are often overlooked, but they can be critical to your financial plan!

Umbrella Insurance Basics

What's the difference between legacy and an inheritance? Which has more value? Here are a few thoughts on legacy and who is in control of our legacy.

Thoughts on Legacy

As a parent, is an inheritance an obligation to provide? Can an inheritance promote negative outcomes? What are your thoughts on inheritances?

Is An Inheritance An Obligation?

What if you create a financial goal and are successful at achieving it? Then what? Is planning for our financial future a fulfilling endeavor? Are there other questions we should be asking ourselves when we plan ahead? If we retire, for example, is that enough? Is achieving a goal enough to keep us fulfilled?

What If You Achieve Your Financial Goals? Then What?

What is the self employment tax? If you have any 1099 wages, there is a good chance you are subject to the self employment tax. Depending on your personal tax situation, the self employment tax could be devastating to your lifestyle and your ability to save for your future. Learn what the self employment tax is, so you can be aware of one of the biggest tax traps!

Self Employment Tax

Let's get morbid! What is the impact of your legacy on the decisions and to-dos surrounding your own passing and funeral? There are a lot of decisions that are made after a person dies: do you want to be buried or cremated? Where do you want to be buried? Do you want your ashes spread or held? Is it fair to force our grieving families to make these decisions on our behalf? How do we even have these conversations with our loved ones?

Legacy After Death

How does term life insurance work? Life insurance is generally pretty complicated. Term life insurance is the simplest kind of life insurance, but there are a few things to be aware of. I've seen too many individuals get bad advice on their life insurance because it benefitted the insurance agent. Life insurance shouldn't be a zero-sum game, and you shouldn't have heartache when buying life insurance. In this podcast, learn some of the basics of the two primary types of term life insurance, their pros and cons, and what to look out for when reviewing or purchasing a policy.

Term Life Insurance

Financial Planning for Millennial Physicians, Dentists, Executives, and Business Owners.

Registered Representative: Securities offered through Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA-SIPC. Investment Advisor Representative: Cambridge Investment Research Advisors, Inc. a Registered Investment Advisor. M Advisor is not an affiliate of Cambridge Investment Research.

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