White Coat Investor Podcast MtoM #268: Getting Financially Set Up During Residency
Mar 30, 2026
A resident shares concrete financial moves: maxing Roth IRAs, opening a solo 401(k), paying down loans, and using moonlighting to boost income. They describe household budgeting, monthly money check-ins with a spouse, and a plan to aggressively tackle student debt after training. The episode also covers crypto basics, risks, and a suggested small allocation for curious investors.
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Resident Who Funded Roths And Solo 401k
- Dylan is a PGY-4 interventional radiology resident in the Southwest who recently maxed out Roth IRAs and opened a solo 401(k).
- He and his wife paid off her car, reduced $7,000 of her student loans, and funded retirement accounts using moonlighting income.
Have Monthly Money Checkins With A Spreadsheet
- Do hold monthly money conversations and track spending with a shared spreadsheet or app to stay aligned with your spouse.
- Dylan and his wife review categories each month to build habits and avoid repeating past poor financial behaviors.
Moonlighting Rapidly Increases Resident Cashflow
- Resident household income can ramp quickly with moonlighting: Dylan went from ~$50k in 2022 to ~$150k gross recently.
- Pay raises and interpretive or contrast-coverage moonlighting materially enabled their ability to max Roths and pay debt.