#148 New Year, New 401K Catch-Up Contribution Rules for Doctors

#148 New Year, New 401K Catch-Up Contribution Rules for Doctors

Author: Nate Reineke December 31, 2025 Duration: 27:58

It’s New Year’s Eve! We hope that you have had a wonderful 2025. As we look ahead to 2026, you may be making resolutions or setting goals for yourself. This is a time we all reflect on what changes we’d like to make. As we ponder these changes, it is important to note that things are changing in the finance world, too, and that there are some changes regarding 401K catch-up contributions. Nate Reineke and Kyle Hoelzle break down what these changes are and how they may impact physicians like you. We also answer your colleagues’ questions. It's New Year's Eve. What contributions do people still have time for? An Infectious Disease Doctor in NY asks, “Does it make more sense for us to have separate HSA-eligible plans or one family plan?” A Surgeon in Illinois says “I have a new HSA, can I just leave the old where it’s currently at?” A Psychiatrist in New York wonders, “My new employer is letting me choose between being a W-2 employee or a 1099 contractor. Which should I choose?” A Family Medicine Doc in Minnesota asks “When opening a solo 401(k) as a sole proprietor, should we use our SSN or get an EIN?” Are you ready to turn worries about taxes and investing into all the money you need for college and retirement? It’s time to make a plan and get on track. To find out if we’re a match visit physicianfamily.com and click get started or, you can ask a question of your own by emailing podcast@physicianfamily.com. See marketing disclosures at physicianfamily.com/disclosures


Finding a clear path through financial planning feels uniquely challenging when your career is in medicine and your heart is at home with family. The Physician Family Finances Podcast exists in that specific, demanding space. Host Nate Reineke, alongside co-host Chelsea Jones, brings their experience as Certified Financial Planner™ professionals directly to conversations with physician parents. They understand the dual pressures of managing a practice, caring for kids, and making smart long-term decisions with your earnings. Each episode moves beyond generic advice to tackle the real questions you face, from navigating student loan strategies and investment options tailored to a physician's timeline to planning for retirement without sacrificing your family's present. This isn't about quick tips; it's about building a sustainable framework that aligns with your values and goals. Tune in for a candid, practical discussion that makes complex topics like tax laws and wealth building accessible, so you can gain confidence and clarity with your finances. The entire podcast is built on the principle that securing your future should feel like an achievable part of your life's work, not an overwhelming distraction from it.
Author: Language: English Episodes: 100

Physician Family Finances Podcast
Podcast Episodes
#139 This or That: What Retirement Plan Should Physicians Choose? [not-audio_url] [/not-audio_url]

Duration: 25:27
It is Halloween! The kids are out trick-or-treating, and the air is a little crisper as the seasons change. A change in jobs or open enrollment can lead to the spooky decision of what retirement plan is best: a defined b…
#137 Should Physicians Have a Whole Life Policy? [not-audio_url] [/not-audio_url]

Duration: 25:52
As a young doc, it can seem like everyone has something to sell you. Many physicians can end up with a whole life policy that they don’t actually need, and that policy can have a loan against it without you really knowin…
#135 W-2 or 1099: Are the Tax Savings Actually Worth It for Doctors? [not-audio_url] [/not-audio_url]

Duration: 23:43
Starting a new job always brings changes and new opportunities. For some docs, it may bring the question if being a 1099 contractor will create tax savings or a headache? Nate Reineke breaks down what you should consider…