Welcome to the third issue of Fiscal Therapy! We're here to help you succeed in your career and personal life by giving you practical tips and real-life stories. Our goal is to provide you with actionable insights and strategies that fit your situation. Get ready to learn and change the way you handle your financial wellbeing.

Letter from the Co-Founder ✉️ 

Dear Andwise Community,

In a landscape that's ever-changing, our promise at Andwise remains the same—to guide medical students and early-career physicians through the complexities of financial planning with confidence and clarity.

Market Recap: October's Financial Dynamics
The financial markets in October have continued their unpredictable momentum. The S&P 500 saw its third consecutive month of downturns, a signal that speaks to the heart of our educational mission here at Andwise. Similarly, the bond market faces a historic moment with surging yields, which brings a direct impact on borrowing rates and long-term financial decisions.

Educational Corner: Knowledge Is Your Financial Anchor
We've bolstered our free educational offerings to shed light on the paths through these challenging times:

• Blog Insights: Delve into "The Power of Personal Finance Education" (Read Now) and "Achieving Financial Success as a Dual Physician Couple" (Read Now), designed to equip you with actionable steps towards financial wellness.

• Video Learning: Our YouTube channel presents “The Financial Blueprint: Your Financial Plan," a visual guide to strategizing your financial journey (Watch Here).

Community Hour: A Source of Inspiration and Learning
Our latest community hour on 10/24/23 featured the remarkable Dr. Stephanie Pearson, sharing her journey from an injury that halted her medical career to empowering physicians in financial defense strategies.

Looking Ahead: Complimentary Expert Consultations
Remember, you don't have to navigate these waters alone. Schedule a complimentary consultation with Tanya Frias, CFP, our Director of Financial Education and Empowerment, for tailored advice that can fortify your financial stability (Book Now).

In Gratitude
Your active participation is the cornerstone of our community. Together, we'll continue to face the financial tides, turning challenges into opportunities for growth and success.

Warm Regards,
Varun Verma MD
Co-Founder, Andwise

What We’re Reading 📚️ 

Compiled by Tanya Frias.

1. How sustainable is a 30 year, 8% mortgage? by Michael McKee and Claudia Sahm, Bloomberg: In September, sales of previously owned US homes dropped to their lowest level since 2010 due to worsening affordability and the impact of historically high mortgage rates.

2. Wealthy investors are relying in financial advisors more than ever by Naomi Buchanan, Investopedia: Affluent investors are relying on financial advisors more than ever amid economic uncertainty, according to research from Cerulli Associates. Over two-fifths or 43% of affluent investors with over $100,000 in investable assets receive advice from financial advisors, up from 36% a year ago.

3. 3 tax mistakes not to make by the end of the year by Jennifer Streaks, Insider: Plan your year-end taxes carefully to maximize potential savings in April by ensuring accurate income and donation records and considering contributions to an IRA, which may lower your taxable income if eligible.

4. How to take advantage of a Health Savings Account by Ann Carrns, The New York Times: Insurance plans with high deductibles may seem unappealing, but the savings accounts that often come with them offer significant tax benefits.

5. 4 Tips to Help Aging Parents Manage Their Finances by Debbie Carlson, Barron’s: Aging parents or relatives need more help managing their finances.  If the onus is on you, here’s a primer on where to start.

New Andwise Member Resources 📩 

Social Media Oasis 🏝️ 

Step into our Social Media Oasis and savor the delight of curated social media content – no need to doomscroll here!