finances can be complicated but they don't have to be i break down financial topics that may seem

complex and overwhelming so you can start taking action on your financial goals i'm a

tally and it all starts here on Personal Finance Redefined.

Hello everyone and welcome back to another episode of the podcast.

Hope you've been enjoying it so far.

Today's episode is about how to manage your finances as a graduate medical student.

So this episode is specifically designed for medical students, those who want to

take advantage of resources that are available today so that they're in a great position in the future.

But this topic, like all topics, can be applicable to anyone who is hoping to optimize their financial

situation. So let's go ahead and get started. In the bio, I've attached a

budget, which is from the AAMC. This is designed to help medical students manage their finances.

If that's helpful, you can find that in the bio of the description of this podcast episode.

And if for any reason you prefer, I send that to you directly, I'd be happy to

send me a message on Instagram, and I'll get that sent over to you. So for individuals who are

likely to have a significant income in the future, and by significant, I really mean over $124,000

today if you're single, and $196,000 if you're marrying finally jointly and these numbers are going to

change as time goes on but the reason I bring these numbers up is because these are the maximum

income limits to contribute to a Roth IRA so if you know you're going to or hope to be making

significantly more than this as time goes on,

taking advantage of these accounts while you can is a great place to start.

So the Roth IRA or an IRA, they currently have a contribution limit of $6,000,

but that will continue to change and likely increase as time goes on you have until april 15th of

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