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✅ Financial planning for high income earners is more than just choosing an investment account — it's about protecting your income, reducing taxes, and building a legacy. In this episode, Wallis Tsai, founder of Above Board Financial, shares her insider knowledge from Wall Street and years of advising physicians on how to make smarter, safer financial decisions.
Doctors, dentists, and high-income professionals are often targets of bad financial advice — but Wallis explains how the right insurance strategies for physicians can be the difference between financial freedom and costly mistakes.
She answers questions like:
Do you really need disability insurance or long-term care coverage?
When is whole life insurance a smart move vs. a sales pitch?
How can you create a tax-efficient investing strategy that fits your career stage and personal goals?
This episode is packed with wealth planning for physicians, how to evaluate your current insurance coverage, and how to avoid the traps that smart, high-achieving professionals often fall into. Wallis breaks it all down with clarity — whether you’re just out of residency or planning early retirement.
If you’re searching for financial literacy for high income professionals, a better approach to legacy planning, or simply tired of one-size-fits-all advice, this conversation offers actionable insights to take control of your future.
Timestamps (22:17):
00:00 - Intro to Wallis Tsai & Above Board Financial
01:00 - Wallis’s finance background & Wall Street insight
02:20 - Who needs life, disability & long-term care insurance
04:00 - Why high income earners are targeted for bad financial advice
06:30 - The psychological trap of smart professionals
08:10 - Common insurance mistakes high income earners make
09:40 - Permanent insurance: when it works, when it doesn’t
12:15 - Tax-efficient investing with insurance
14:00 - What to know about whole vs. variable life
16:00 - Long-term care as a family strategy
18:15 - Financial planning for future life scenarios
20:00 - How to contact Wallis Tsai & book a call
21:15 - Final thoughts & gratitude
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#WallisTsai
#AboveBoardFinancial
#PhysicianFinance
#DoctorMoneyTips
#DisabilityInsurance
#WholeLifeInsurance
#TaxEfficientInvesting
#HighIncomeProfessionals
#WealthPlanning
#MedicalProfessionalsFinance
#PhysicianRetirement
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