Topics discussed in this episode include student loans, the SAVE program, HSAs as retirement accounts, having a written financial plan, the inability to time the market, and defined benefit plans.
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volunteer_activism ADVICE
Leverage SAVE Program for Student Loans
Use the new SAVE program for federal student loans as it offers lower payments and 0% interest during training.
It is generally better than refinancing with private lenders during residency due to these benefits.
insights INSIGHT
Student Loan Generosity's Moral Hazard
Generous student loan forgiveness creates moral hazard by encouraging higher borrowing and tuition hikes.
This generosity may reduce incentives for schools to limit tuition costs and impact alternative school funding programs.
volunteer_activism ADVICE
Refinance Strategically After Residency
Refinance private student loans aggressively to reduce high interest rates.
Refinance federal loans only after residency if not pursuing PSLF and when better rates are available.
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Today, SC Gutierrez, long time friend of WCI and the podcast is joining Dr. Dahle to help answer your questions. Together they answer questions about student loans and the SAVE program, about how HSAs should be viewed as retirement accounts, the importance of a written financial plan and a friendly reminder that no one can time the market, and finally get into what a defined benefit plan is.
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