Panoramic Financial - Financial Advice For Physicians
Season 1
Why High-Income Physicians Still Feel Financially Uncertain
by Andrew McFadden
Many physicians spend years focused on one financial goal: save as much as possible. Max out the 401(k). Fund the Backdoor Roth IRA. Contribute to the HSA. Invest whatever is left over. But eventually, the question changes. It's no longer, "How much can I save?" It's, "How much do I actually need to save?" In this episode, Andrew McFadden of Panoramic Financial discusses one of the most common questions he hears from physicians: "I'm saving a lot for retirement. Can I spend the rest?" You'll learn why many high-income physicians continue operating from a scarcity mindset long after their income has increased, the common mistakes doctors make when determining how much to save, and a practical framework for balancing retirement savings with enjoying life today. If you've ever wondered whether you're saving enough, saving too much, or simply looking for more confidence around your financial decisions, this episode is for you. In This Episode Why retirement account contribution limits are not a financial plan The difference between saving more and saving enough Common mistakes physicians make when setting savings goals Why many doctors struggle to spend money confidently A framework for determining how much you should save How financial planning creates clarity around spending decisions Why the goal isn't maximizing your net worth—it's using your money intentionally About Panoramic Financial Panoramic Financial is a fee-only fiduciary financial planning and investment management firm specializing in helping physicians make smarter financial decisions without turning personal finance into a second job. Learn More 🌐 Website: https://www.panoramicfinancial.com 📺 YouTube: https://www.youtube.com/@PanoramicFinancial Disclaimer Panoramic Financial is a registered investment adviser. This podcast is for informational and educational purposes only and should not be considered investment, tax, legal, or financial advice. Listening to this podcast does not create an advisory relationship. Always consult your own professional advisers regarding your specific situation.
Physicians spend years building an incredibly valuable career — but many overlook one of the most important financial protections they can have: own-occupation disability insurance. In this episode, Andrew McFadden of Panoramic Financial discusses why disability insurance matters so much specifically for physicians, common mistakes doctors make with coverage, and why waiting too long can sometimes become costly. Andrew also shares real-world stories involving physicians who unexpectedly faced serious health issues much earlier in life than expected — reinforcing why thoughtful planning is often less about fear and more about creating peace of mind and protecting the life you worked so hard to build. In this episode, we cover: Why physicians are uniquely vulnerable financially What “own-occupation” disability insurance actually means Why employer coverage may not be enough Common disability insurance mistakes physicians make Why insurability can change unexpectedly How thoughtful planning can reduce financial stress during uncertain times Panoramic Financial is a fee-only fiduciary financial planning and investment management firm specializing in physicians. Learn more about working with Panoramic Financial: https://www.panoramicfinancial.com Schedule an introductory call: https://www.panoramicfinancial.com/lets-get-started/#schedule-meeting Connect with us: YouTube: https://www.youtube.com/@panoramicfinancial