MtoM #209: OBGYN Takes 5 Months Off and Still Builds Wealth and Finance 101: Treasury Direct
Feb 10, 2025
A dedicated OBGYN shares her impressive journey of taking a five-month maternity leave while growing her wealth by $200,000. She emphasizes the importance of understanding maternity benefits when starting a new job. The conversation also touches on financial planning for expectant parents, navigating paternity and maternity leave policies in medicine, and striking a balance between family life and career. Additionally, listeners learn about Treasury Direct, its benefits, and the intricacies involved in purchasing treasury securities.
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Five-Month Leave Without Financial Collapse
Olivia, an OBGYN, took a five-month maternity leave in 2024 while her husband (a family medicine physician) took six weeks off.
Despite lower work hours they still earned about $470,000 in 2024 and grew net worth.
insights INSIGHT
Use A Cash War Chest To Smooth Leave
Olivia delayed retirement contributions until she knew how leave payments would land and then caught up later.
That buffering strategy reduced stress and let them still max out accounts once income normalized.
insights INSIGHT
Leave Can Reveal Hidden Benefits
During leave Olivia learned new financial details about her employer, like a mega backdoor Roth she had missed.
Maternity leave became a chance to boost financial literacy and uncover benefits.
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Today we are celebrating this OBGYN taking a 5 month maternity leave and still building wealth through the process. This dual doc couple took advantage of all their state and employer benefits to really minimize the financial impact of taking maternity and paternity leave. Despite taking a hit to their income their wealth grew by around $200,000. Her advice to anyone who is starting a new job and wants to have kids at some point is to look very closely at what the maternity benefits the job offers. She also recommended sitting down with HR to make sure you understand the benefit options. After the episode we will talk about Treasury Direct for Finance 101.
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The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor channel is for you!
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