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Matthew (Matt)
Psychiatry resident (PGY-4) who moonlights in inpatient psychiatry and has recently maxed out both his and his spouse's Roth IRAs while maintaining a high savings rate; featured to share his financial milestone and strategies.
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6 snips
Dec 8, 2025
• 24min
MtoM #252: Psych Resident Maxes Out Spousal and Personal IRAs and Finance 101: Boosting Your Income
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In this entertaining discussion, Matthew, a PGY-4 psychiatry resident, shares his financial journey of maxing out Roth IRAs for him and his wife. He emphasizes the importance of early financial education and reveals how lucrative moonlighting boosted his income to $152,000. Matthew stresses the need for open conversations with his spouse about finances while maintaining a balanced lifestyle. Listeners also gain insights on practical income-boosting strategies, including taking surveys and seeking side gigs, to achieve financial goals efficiently.
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