Tyler Olson, EA
@olsonplanner.bsky.social
The physician's financial planner and tax professional.
#MedSky
Planning Services:
www.olsonfp.com
Podcast and Other Resources:
www.physiciancents.com
#MedSky
Planning Services:
www.olsonfp.com
Podcast and Other Resources:
www.physiciancents.com
Pinned
Tyler Olson, EA
@olsonplanner.bsky.social
· Nov 11
This is a safe space for learning about money.
In this new context I thought I should re-introduce myself.
My name is Tyler.
I am a financial planner and tax pro (EA) and I nearly exclusively work with physicians.
Most of my clients are out of training since that is when the very impactful
1/4
In this new context I thought I should re-introduce myself.
My name is Tyler.
I am a financial planner and tax pro (EA) and I nearly exclusively work with physicians.
Most of my clients are out of training since that is when the very impactful
1/4
If you’re waiting to buy a home until rates drop, you could be waiting awhile
If you’re hoping for lower rates so you can refinance, you could put yourself in a tough spot
A great chat with Matt Graham about mortgages, the Fed, and how to make good decisions no matter the rates:
If you’re hoping for lower rates so you can refinance, you could put yourself in a tough spot
A great chat with Matt Graham about mortgages, the Fed, and how to make good decisions no matter the rates:
November 12, 2025 at 1:55 PM
If you’re waiting to buy a home until rates drop, you could be waiting awhile
If you’re hoping for lower rates so you can refinance, you could put yourself in a tough spot
A great chat with Matt Graham about mortgages, the Fed, and how to make good decisions no matter the rates:
If you’re hoping for lower rates so you can refinance, you could put yourself in a tough spot
A great chat with Matt Graham about mortgages, the Fed, and how to make good decisions no matter the rates:
New episode of A Good Problem to Have is out
This one’s all about cash flow communication
Learning how to manage your spending in a way that keeps you intentional
Whether you're a couple or single, it's important to create the right systems
This one’s all about cash flow communication
Learning how to manage your spending in a way that keeps you intentional
Whether you're a couple or single, it's important to create the right systems
November 5, 2025 at 8:54 PM
New episode of A Good Problem to Have is out
This one’s all about cash flow communication
Learning how to manage your spending in a way that keeps you intentional
Whether you're a couple or single, it's important to create the right systems
This one’s all about cash flow communication
Learning how to manage your spending in a way that keeps you intentional
Whether you're a couple or single, it's important to create the right systems
Reposted by Tyler Olson, EA
A few clients this summer asked the same question:
“Can we afford a pool?”
They weren’t short on net worth
They were short on liquidity
And it turned into one of the most interesting planning conversations we’ve had all year
From today's new episode:
“Can we afford a pool?”
They weren’t short on net worth
They were short on liquidity
And it turned into one of the most interesting planning conversations we’ve had all year
From today's new episode:
October 29, 2025 at 12:55 PM
A few clients this summer asked the same question:
“Can we afford a pool?”
They weren’t short on net worth
They were short on liquidity
And it turned into one of the most interesting planning conversations we’ve had all year
From today's new episode:
“Can we afford a pool?”
They weren’t short on net worth
They were short on liquidity
And it turned into one of the most interesting planning conversations we’ve had all year
From today's new episode:
A few clients this summer asked the same question:
“Can we afford a pool?”
They weren’t short on net worth
They were short on liquidity
And it turned into one of the most interesting planning conversations we’ve had all year
From today's new episode:
“Can we afford a pool?”
They weren’t short on net worth
They were short on liquidity
And it turned into one of the most interesting planning conversations we’ve had all year
From today's new episode:
October 29, 2025 at 12:55 PM
A few clients this summer asked the same question:
“Can we afford a pool?”
They weren’t short on net worth
They were short on liquidity
And it turned into one of the most interesting planning conversations we’ve had all year
From today's new episode:
“Can we afford a pool?”
They weren’t short on net worth
They were short on liquidity
And it turned into one of the most interesting planning conversations we’ve had all year
From today's new episode:
The FIRE movement got it wrong for physicians.
You don’t want to quit medicine, you want the freedom to choose it.
That’s Financial Independence, Recreational Employment. 👇
You don’t want to quit medicine, you want the freedom to choose it.
That’s Financial Independence, Recreational Employment. 👇
October 26, 2025 at 12:55 PM
The FIRE movement got it wrong for physicians.
You don’t want to quit medicine, you want the freedom to choose it.
That’s Financial Independence, Recreational Employment. 👇
You don’t want to quit medicine, you want the freedom to choose it.
That’s Financial Independence, Recreational Employment. 👇
If you're offered a guaranteed salary
There are 3 primary things to consider:
1) Time commitments
2) Expectations
3) Tax ramifications
From today's new episode of A Good Problem to Have:
There are 3 primary things to consider:
1) Time commitments
2) Expectations
3) Tax ramifications
From today's new episode of A Good Problem to Have:
October 22, 2025 at 12:55 PM
If you're offered a guaranteed salary
There are 3 primary things to consider:
1) Time commitments
2) Expectations
3) Tax ramifications
From today's new episode of A Good Problem to Have:
There are 3 primary things to consider:
1) Time commitments
2) Expectations
3) Tax ramifications
From today's new episode of A Good Problem to Have:
If you have $150,000 in student loans
There are two main options:
• Going for PSLF
• Paying them off in full
Today’s new episode walks through both of them
Listen on Spotify or Apple
There are two main options:
• Going for PSLF
• Paying them off in full
Today’s new episode walks through both of them
Listen on Spotify or Apple
October 15, 2025 at 12:55 PM
If you have $150,000 in student loans
There are two main options:
• Going for PSLF
• Paying them off in full
Today’s new episode walks through both of them
Listen on Spotify or Apple
There are two main options:
• Going for PSLF
• Paying them off in full
Today’s new episode walks through both of them
Listen on Spotify or Apple
Every year, I see doctors sign 6-figure mistakes b/c they rush through the fine print.
Here’s what to watch for (and what to do instead): 🧵
Start with the big 3:
✅ Comp structure
✅ Termination clause
✅ Restrictive covenants
If you don’t understand these cold, you don’t understand your contract.
Here’s what to watch for (and what to do instead): 🧵
Start with the big 3:
✅ Comp structure
✅ Termination clause
✅ Restrictive covenants
If you don’t understand these cold, you don’t understand your contract.
October 8, 2025 at 7:54 PM
Every year, I see doctors sign 6-figure mistakes b/c they rush through the fine print.
Here’s what to watch for (and what to do instead): 🧵
Start with the big 3:
✅ Comp structure
✅ Termination clause
✅ Restrictive covenants
If you don’t understand these cold, you don’t understand your contract.
Here’s what to watch for (and what to do instead): 🧵
Start with the big 3:
✅ Comp structure
✅ Termination clause
✅ Restrictive covenants
If you don’t understand these cold, you don’t understand your contract.
3 things you can do with your first attending paychecks
1) Pay off high-interest credit card debt
2) Build an emergency fund
3) Max out 401(k) or 403(b)
From today’s new episode of the podcast
Listen on Spotify or Apple
1) Pay off high-interest credit card debt
2) Build an emergency fund
3) Max out 401(k) or 403(b)
From today’s new episode of the podcast
Listen on Spotify or Apple
October 8, 2025 at 12:55 PM
3 things you can do with your first attending paychecks
1) Pay off high-interest credit card debt
2) Build an emergency fund
3) Max out 401(k) or 403(b)
From today’s new episode of the podcast
Listen on Spotify or Apple
1) Pay off high-interest credit card debt
2) Build an emergency fund
3) Max out 401(k) or 403(b)
From today’s new episode of the podcast
Listen on Spotify or Apple
Imagine wanting to go on vacation, checking your Ally vacation savings bucket, and seeing $12,000 in there begging to be spent on a vacation.
October 2, 2025 at 12:55 PM
Imagine wanting to go on vacation, checking your Ally vacation savings bucket, and seeing $12,000 in there begging to be spent on a vacation.
I see a lot of docs get life insurance before they get disability insurance.
You gotta realize something.
You being gone and unable to provide materially for your family is one thing.
You being living through your working years but still unable to provide is
1) more likely and...
You gotta realize something.
You being gone and unable to provide materially for your family is one thing.
You being living through your working years but still unable to provide is
1) more likely and...
October 2, 2025 at 11:33 AM
I see a lot of docs get life insurance before they get disability insurance.
You gotta realize something.
You being gone and unable to provide materially for your family is one thing.
You being living through your working years but still unable to provide is
1) more likely and...
You gotta realize something.
You being gone and unable to provide materially for your family is one thing.
You being living through your working years but still unable to provide is
1) more likely and...
The first episode of my new podcast is officially live
"A Good Problem to Have"
I'll be talking about problems that are unique to physicians and will address a new topic each week
I hope it's a helpful resource for you
This first episode is an intro to me and my background in the space:
"A Good Problem to Have"
I'll be talking about problems that are unique to physicians and will address a new topic each week
I hope it's a helpful resource for you
This first episode is an intro to me and my background in the space:
October 1, 2025 at 12:55 PM
The first episode of my new podcast is officially live
"A Good Problem to Have"
I'll be talking about problems that are unique to physicians and will address a new topic each week
I hope it's a helpful resource for you
This first episode is an intro to me and my background in the space:
"A Good Problem to Have"
I'll be talking about problems that are unique to physicians and will address a new topic each week
I hope it's a helpful resource for you
This first episode is an intro to me and my background in the space:
Buying a home?
The mortgage isn’t the whole story.
Don’t forget the 5 other cash outflows:
✅ Closing costs
✅ Insurance
✅ Property taxes
✅ HOA fees
✅ Maintenance
Plan for these now, or they’ll plan your future for you.
The mortgage isn’t the whole story.
Don’t forget the 5 other cash outflows:
✅ Closing costs
✅ Insurance
✅ Property taxes
✅ HOA fees
✅ Maintenance
Plan for these now, or they’ll plan your future for you.
September 25, 2025 at 12:55 PM
Buying a home?
The mortgage isn’t the whole story.
Don’t forget the 5 other cash outflows:
✅ Closing costs
✅ Insurance
✅ Property taxes
✅ HOA fees
✅ Maintenance
Plan for these now, or they’ll plan your future for you.
The mortgage isn’t the whole story.
Don’t forget the 5 other cash outflows:
✅ Closing costs
✅ Insurance
✅ Property taxes
✅ HOA fees
✅ Maintenance
Plan for these now, or they’ll plan your future for you.
Emergency Fund Goals for Trainees:
1) Save $1,000
2) Then aim for 1 month of expenses
3) If you're able to save 3 months of expenses, that's awesome. But you can begin justifying contributing to your program's 403(b) (especially if there's a match) after you've got 1 month of expenses saved.
1) Save $1,000
2) Then aim for 1 month of expenses
3) If you're able to save 3 months of expenses, that's awesome. But you can begin justifying contributing to your program's 403(b) (especially if there's a match) after you've got 1 month of expenses saved.
September 23, 2025 at 7:54 PM
Emergency Fund Goals for Trainees:
1) Save $1,000
2) Then aim for 1 month of expenses
3) If you're able to save 3 months of expenses, that's awesome. But you can begin justifying contributing to your program's 403(b) (especially if there's a match) after you've got 1 month of expenses saved.
1) Save $1,000
2) Then aim for 1 month of expenses
3) If you're able to save 3 months of expenses, that's awesome. But you can begin justifying contributing to your program's 403(b) (especially if there's a match) after you've got 1 month of expenses saved.
Med students -
If you're not in 4th year yet, you will be soon. And that means extra costs:
- ERAS (or other match-related system) fees
- interview costs
- moving (potentially across the country) costs
- apartment deposit for the new place (or closing costs if you're buying)
It's a lot!
If you're not in 4th year yet, you will be soon. And that means extra costs:
- ERAS (or other match-related system) fees
- interview costs
- moving (potentially across the country) costs
- apartment deposit for the new place (or closing costs if you're buying)
It's a lot!
September 23, 2025 at 7:29 PM
Med students -
If you're not in 4th year yet, you will be soon. And that means extra costs:
- ERAS (or other match-related system) fees
- interview costs
- moving (potentially across the country) costs
- apartment deposit for the new place (or closing costs if you're buying)
It's a lot!
If you're not in 4th year yet, you will be soon. And that means extra costs:
- ERAS (or other match-related system) fees
- interview costs
- moving (potentially across the country) costs
- apartment deposit for the new place (or closing costs if you're buying)
It's a lot!
New attendings -
Here's how I'd direct your paycheck destinations in order of priority:
1) pay off credit card and other high (10%+) interest debt
2) fill up emergency fund (3 months) in a HYSA (or money market)
3) max out HSA (if applicable)
1 of 4
Here's how I'd direct your paycheck destinations in order of priority:
1) pay off credit card and other high (10%+) interest debt
2) fill up emergency fund (3 months) in a HYSA (or money market)
3) max out HSA (if applicable)
1 of 4
September 23, 2025 at 11:18 AM
New attendings -
Here's how I'd direct your paycheck destinations in order of priority:
1) pay off credit card and other high (10%+) interest debt
2) fill up emergency fund (3 months) in a HYSA (or money market)
3) max out HSA (if applicable)
1 of 4
Here's how I'd direct your paycheck destinations in order of priority:
1) pay off credit card and other high (10%+) interest debt
2) fill up emergency fund (3 months) in a HYSA (or money market)
3) max out HSA (if applicable)
1 of 4
Before signing the employment contract: ask for the past year’s relevant RVU data and call schedule.
If they refuse, that tells you enough.
If they refuse, that tells you enough.
September 22, 2025 at 9:30 PM
Before signing the employment contract: ask for the past year’s relevant RVU data and call schedule.
If they refuse, that tells you enough.
If they refuse, that tells you enough.
Never accept the “standard contract.”
There is no standard.
There is only what you negotiate.
Negotiate every single time.
There is no standard.
There is only what you negotiate.
Negotiate every single time.
September 22, 2025 at 11:15 AM
Never accept the “standard contract.”
There is no standard.
There is only what you negotiate.
Negotiate every single time.
There is no standard.
There is only what you negotiate.
Negotiate every single time.
1/ A physician family I work with faced over $95,000 in needed home repairs:
- $60K for exterior repairs
- $35K for windows
- $2K for basement water damage
Here’s how we structured a plan to pay for it.
- $60K for exterior repairs
- $35K for windows
- $2K for basement water damage
Here’s how we structured a plan to pay for it.
August 22, 2025 at 8:30 PM
1/ A physician family I work with faced over $95,000 in needed home repairs:
- $60K for exterior repairs
- $35K for windows
- $2K for basement water damage
Here’s how we structured a plan to pay for it.
- $60K for exterior repairs
- $35K for windows
- $2K for basement water damage
Here’s how we structured a plan to pay for it.
Disability insurance is a must for physicians.
But the riders?
Some are worth every penny.
Others are expensive noise.
Here’s the breakdown: ✅ keep these, ❌ skip these.
But the riders?
Some are worth every penny.
Others are expensive noise.
Here’s the breakdown: ✅ keep these, ❌ skip these.
August 17, 2025 at 11:06 AM
Disability insurance is a must for physicians.
But the riders?
Some are worth every penny.
Others are expensive noise.
Here’s the breakdown: ✅ keep these, ❌ skip these.
But the riders?
Some are worth every penny.
Others are expensive noise.
Here’s the breakdown: ✅ keep these, ❌ skip these.
You spent years learning medicine.
But nobody taught you the money side of being a physician.
Here are 10 things most doctors don’t realize about their finances 🧵
But nobody taught you the money side of being a physician.
Here are 10 things most doctors don’t realize about their finances 🧵
August 15, 2025 at 1:11 AM
You spent years learning medicine.
But nobody taught you the money side of being a physician.
Here are 10 things most doctors don’t realize about their finances 🧵
But nobody taught you the money side of being a physician.
Here are 10 things most doctors don’t realize about their finances 🧵
Personal ask -
Is there going to be a Covid vaccine update in the US and/or Canada this season?
Is there going to be a Covid vaccine update in the US and/or Canada this season?
August 11, 2025 at 4:04 PM
Personal ask -
Is there going to be a Covid vaccine update in the US and/or Canada this season?
Is there going to be a Covid vaccine update in the US and/or Canada this season?
I do have a pediatrician client household who makes $1mil/year.
His wife is a neurosurgeon.
His wife is a neurosurgeon.
August 10, 2025 at 11:26 PM
I do have a pediatrician client household who makes $1mil/year.
His wife is a neurosurgeon.
His wife is a neurosurgeon.
You can suction vomit during an intubation without flinching.
Yet you’re letting credit card interest drip all over your finances.
Clamp it now.
Pay them off!
Yet you’re letting credit card interest drip all over your finances.
Clamp it now.
Pay them off!
August 10, 2025 at 3:28 AM
You can suction vomit during an intubation without flinching.
Yet you’re letting credit card interest drip all over your finances.
Clamp it now.
Pay them off!
Yet you’re letting credit card interest drip all over your finances.
Clamp it now.
Pay them off!
Med school taught you how to save lives.
It forgot to teach you how to save money.
It forgot to teach you how to save money.
August 10, 2025 at 3:24 AM
Med school taught you how to save lives.
It forgot to teach you how to save money.
It forgot to teach you how to save money.