Financial Health Assessment
Brent and Odette: Family Practice Household Scores 61 Out of 100
By Ryan Inman
Published · Updated
Family practiceEstablished · Physician earner practicingCouple, one son, 15 months
Financial Health Assessment score
61 out of 100
Corrections
- Needs a workup 0 to 39
- Corrections 40 to 69
- Stable 70 to 84
- Healthy 85 to 100
The score grades the household on 20 measures across seven frameworks. Brent and Odette lands at 61, in the Corrections band, score 40 to 69.
Odette is a family practice physician working three days a week. Household income is $165,000 a year, with take home pay of $8,000 a month, attributed to Odette as the working spouse. Brent is a dental student and a career changer, with no income stated. The assessment scores the household 61 out of 100, in the Corrections band.
The portfolio arrived early. Investments total $660,000: 46 percent in retirement accounts and 54 percent outside them, with 84 percent of the retirement money in Roth accounts. Inside the total sits a $20,000 hobby bet on big tech stocks that grew about 500 percent in eight years. The stated monthly flow runs $1,000 to both Roth IRAs, $1,500 toward a house down payment, and $500 to a 529, plus funding for Odette's retirement plan, whose amount is not stated. On $165,000 of gross income, the directed flows alone are about 21.8 percent, before that plan contribution.
The debts are the short part of the file: none. No student loans currently, and no mortgage, vehicle, credit card, or other debt stated. The episode also carries a host read update from the household: disability and life cover replaced and upgraded, an emergency fund of $15,000 stated to cover about five months, about $10,000 in checking, and an estate plan almost done. The update facts govern where they supersede the original call, and this page follows them.
$660,000
Investments · 84 percent of retirement money in Roth
$0
Total stated debt · none of any kind
$15,000
Emergency fund · about five months stated
$165,000
Household income · one working spouse today
63
Score with the one traced fix · Corrections band
The short version
- The score: 61 out of 100, in the Corrections band. The Transition framework earns the full 10 of 10 and the Physician Wealth Equation 12 of 14, while the Protection Stack earns 10 of 22.
- No debt of any kind is stated: no student loans currently, and no mortgage, vehicle, or credit card debt. The Debt Anchor earns the full 10 at 0.0 times income.
- Investments total $660,000 on one part time physician income of $165,000, including a $20,000 hobby bet that grew about 500 percent in eight years.
- The household's own update replaced the weak cover: individual disability through Principal with all riders, and term life of $1,000,000 for 15 years plus $1,000,000 for 20 years. Both boxes earn full marks.
- One traced fix moves the score 2 points to a 63: finish the estate plan already in process, including a guardian for their son.
$660,000 invested before the second career starts.
What They Did Right
A one income household that finished its debt story and replaced its own cover. This is the machinery already running.
- No debt, stated plainly No student loans, no mortgage, no vehicle or card debt. The Debt Anchor and both Transition boxes earn full marks.
- $660,000 invested on $165,000 Retirement and non retirement accounts total $660,000, with 84 percent of the retirement money in Roth accounts, built while one spouse works three days a week.
- Cover replaced before the grade The household's update upgraded disability to an individual policy with all riders and finalized $2,000,000 of term life in two layers, replacing weak employer cover.
- Roth funding while income is low $1,000 a month to both Roth IRAs while the household income sits at $165,000, the window the hosts told them to use.
- An emergency fund with a stated size $15,000, stated to cover about five months, plus about $10,000 in checking for cash flow, both stated in the household's update.
The Score: 61 out of 100
The Financial Health Assessment grades a household across the same seven frameworks and lands the total in a band. Brent and Odette scores 61, in the Corrections band. This household is scored on the attending rubric, on the established fork of the Transition framework. The record applies the established fork to the practicing physician earner. Her years in practice are not stated, and the record flags that call.
20
Measures graded
7
Frameworks
61
Brent and Odette's score
The 3 Bucket Framework earns 7 of 20. Milestones earn 0, because the milestone net cannot be determined from what the intake states. The emergency fund earns 2: the updated fund of $15,000 is stated to cover about five months, inside the 3 to 5 month partial band. Named lanes earn 2, on the updated goal to keep tracking spending with YNAB and live on 40 to 50 percent of take home pay, with full dollar sorting not stated. Goals funded earns 3, with monthly flows to Roth IRAs, a down payment, and a 529 reaching goals that are not fully funded.
The Physician Wealth Equation earns 12 of 14. The Debt Anchor earns the full 10: total stated debt of $0 against $165,000 of income is 0.0 times, at or under the established full line. Stretch saving earns 2: the stated directed flows give a calculable rate of about 21.8 percent before the retirement plan contribution, at or above the 12 percent partial line, with 25 percent not proven on the stated figures.
The Protection Stack earns 10 of 22, graded on the household's updated facts. Health earns 0, because cover is not stated as a separate item. Disability earns the full 4, on the updated individual cover through Principal with all riders for the earning spouse. Life earns the full 4, on the updated individual term finalized at $1,000,000 plus $1,000,000. Umbrella earns 0, amount not stated. Malpractice earns 0, type and tail not stated. Estate documents earn 2: the plan is almost done in the update, with documents in process and guardian completion not stated.
The Transition framework, on the established fork, earns the full 10 of 10. Education debt finished earns the full 6: no student loans are stated for the household. No lingering consumer or vehicle debt earns the full 4: no debt of that kind is stated, and no mortgage is stated either.
The Tax Ladder earns 4 of 8, at 2 and 2: heavy Roth funding is a stated practice in the household's lower income years, with the bracket tied reason not stated, and one deliberate move in place, direct Roth funding while under the income threshold, with the bracket not stated. The Decision Filter earns the full 4 of 4 on five stated goals.
The Lifestyle Guardrails earn 14 of 22: the Savings Floor at the full 12 on a calculable rate of about 21.8 percent, the leak at 0 because the unaccounted amount is not stated, and wealth first automation at 2, on a stated monthly split to Roth IRAs, a down payment, and a 529, with automation not stated.
| Framework | What it covers | Points |
|---|---|---|
| 02 3 Bucket Framework | Milestones 0, emergency fund 2 at about five stated months, named lanes 2, goals funded 3 | 7 of 20 |
| 03 Physician Wealth Equation | Debt anchor 10 at 0.0 times income, stretch saving 2 at about 21.8 percent of directed flows | 12 of 14 |
| 04 Protection Stack | Health 0 (not stated), disability 4, life 4, umbrella 0, malpractice 0, estate documents 2 | 10 of 22 |
| 05 Transition | Education debt finished 6, no student loans stated. No lingering debt 4, none stated | 10 of 10 |
| 06 Tax Ladder | Roth against pre tax 2, bracket plus moves 2 | 4 of 8 |
| 07 Decision Filter | Goals written 4, five goals stated | 4 of 4 |
| 08 Lifestyle Guardrails | Savings floor 12 at about 21.8 percent, the leak 0, wealth first automation 2 | 14 of 22 |
| Total | Corrections band | 61 out of 100 |
Read the shape, not just the total. The finishing boxes are full: no debt, education debt done, goals written, and a Savings Floor at full marks on directed flows alone. The points sit in the paperwork the update started and has not closed: an estate plan in process at partial credit, and three boxes, health cover, umbrella amount, and malpractice, that the record does not state at all. The household already did the hard part, replacing its own weak cover before anyone graded it.
The Prescription
One traced fix, and the open items behind it.
- Complete the estate plan already in process. This is the Protection Stack, and it gains 2 points, moving estate documents from 2 to 4. Finish the Thoughtful Wills set, will, power of attorney, healthcare directive, and revocable trust, including a guardian for their son, age 15 months.
- State the health cover and the umbrella amount. Health cover is not stated as a separate item and the umbrella amount is not stated, so both boxes grade 0 today. Stating them is what lets the next reading grade them. No point gain is traced for this item.
- State the malpractice line. Malpractice type and tail are not stated. The box grades 0 until the policy terms are on the record. No point gain is traced for this item.
- Keep the Roth window open while income is low. The hosts' standing advice for this household: keep funding Roth accounts while the household income is $165,000, and unwind the concentrated stock positions gradually, for capital gains reasons. No point gain is traced for this item.
Run the traced fix and the arithmetic is 61 plus 2, a score of 63. The gain is 2 for completing the estate plan already in process, including a guardian for their son. A score of 63 out of 100 keeps the household in the Corrections band.
What This Case Teaches
An update can be the document that changes the grade. This household called in with weak employer cover and no documents, then wrote back with the cover replaced, the fund restated, and the estate plan in process. The grade follows the newest stated facts, and the file is better for it: two boxes now at full marks that were weak employer cover on the original call.
Finish the paperwork while the plan is still cheap to finish.
The second lesson is the window. With one part time income and a student spouse, this household is in its lowest income years, and it is filling Roth accounts at $1,000 a month plus a retirement plan. Low income years are the cheapest Roth years a physician household gets. This file spends them that way, on purpose.
Behind the score
The Household
Odette is a family practice physician working three days a week. The household's annual income is $165,000 and its take home pay is $8,000 a month, attributed to Odette. Brent is a dental student and a career changer, with no income stated. The couple has one son, age 15 months. Name order on this page follows the record: Brent is the dental student and Odette is the physician.
Investments total $660,000: 46 percent retirement and 54 percent non retirement, with 84 percent of the retirement money held in Roth accounts. Part of the growth is stated in the record: a $20,000 position in big tech stocks, started as a hobby bet, grew about 500 percent over eight years. The 529 for their son holds about $2,500, with a stated target of $324,000 by the end of 2037.
One income, two careers, and a portfolio that arrived early.
The monthly system runs $1,000 to both Roth IRAs, $1,500 to a house down payment, and $500 to a 529, plus funding for Odette's retirement plan in an amount the record does not state. The directed flows are about 21.8 percent of the $165,000 gross income before that plan contribution is counted. The household's update states a goal to keep tracking spending with YNAB and to live on 40 to 50 percent of take home pay.
Debt is stated as none. The household carries no student loans currently, with family support and a working spouse covering living expenses while Brent studies, and no mortgage, vehicle, credit card, or other debt is stated. Total stated debt is $0 against $165,000 of income.
Protection is a story in two readings. On the original call there were no estate documents, employer disability with no cost of living rider, no true own occupation wording, and a 180 day wait, and employer life of $500,000 on Odette and $350,000 on Brent. The household's update, read on the episode, supersedes that picture: individual disability through Principal with all the stated riders, individual term life finalized at $1,000,000 for 15 years and $1,000,000 for 20 years, an emergency fund of $15,000 stated to cover about five months, about $10,000 in checking, and an estate plan almost done through Thoughtful Wills, with a will, power of attorney, healthcare directive, and revocable trust in process. Guardian completion for their son is not stated. Health cover is not stated as a separate item, umbrella amount is not stated, and malpractice type and tail are not stated.
| Household fact | Where it stands |
|---|---|
| Careers | Family practice physician, three days a week. Dental student and career changer |
| Household income | $165,000 a year. Take home $8,000 a month, attributed to the working spouse |
| Family | Couple, one son, age 15 months |
| Student loans | None currently stated. Living costs covered by family support and the working spouse |
| Other debt | None stated. Total stated debt $0 |
| Emergency fund | Updated: $15,000 stated to cover about five months, plus about $10,000 in checking |
| Saving | $1,000 a month to both Roth IRAs, $1,500 to a house down payment, $500 to a 529, plus retirement plan funding (amount not stated). Directed flows about 21.8 percent of gross |
| Balances | Investments $660,000 (46 percent retirement, 54 percent non retirement, 84 percent of retirement money in Roth). 529 about $2,500 toward a $324,000 target by the end of 2037 |
| Disability | Updated: individual cover through Principal with all riders for the earning spouse, replacing weak employer cover |
| Life insurance | Updated: individual term finalized, $1,000,000 for 15 years plus $1,000,000 for 20 years |
| Umbrella | Amount not stated |
| Estate documents | Almost done in the update: will, power of attorney, healthcare directive, and revocable trust in process. Guardian completion not stated |
| Goals | Five stated goals, with expanded goals in the update |
The Two Frameworks Behind the Score
The score grades 20 measures across seven frameworks. Two of them carry this case: the Transition framework, which scores the full 10 of 10 because the debt story is finished, and the Protection Stack, which scores 10 of 22 on cover the household replaced itself, with the documents still in process.
Framework one
The Transition Framework
The established fork grades finishing: education debt done, and no consumer or vehicle debt lingering. This household has nothing left on either line.
- Education debt finished Built
- No student loans are stated for the household, with a working spouse and family support covering living costs during dental school. The box earns the full 6 of 6.
- No lingering debt Built
- No credit card, vehicle, or other debt is stated, and no mortgage is stated. The box earns the full 4.
- The next debt decision
- Dental school ends and a second professional income begins. The record carries no stated borrowing plan for that step, and the hosts' future income figures are projections, never current facts on this page.
Framework two
The Protection Stack
The Protection Stack grades the coverage that keeps one bad month from ending the plan. Here the income cover was replaced and upgraded by the household itself, and the estate plan is in process: 10 of 22.
- Disability and life, replaced Built
- The update states individual disability through Principal with all riders, and term life finalized at $1,000,000 for 15 years plus $1,000,000 for 20 years, replacing weak employer cover on both lines. Each box earns the full 4.
- Estate documents, in process Partial
- A will, power of attorney, healthcare directive, and revocable trust are in process through Thoughtful Wills, with guardian completion for a 15 month old son not stated. The box earns 2 of 4, and finishing it is the one traced fix.
- Health, umbrella, malpractice Missing
- Health cover is not stated as a separate item, the umbrella amount is not stated, and malpractice type and tail are not stated. Each box earns 0.
The $20,000 Bet Inside the $660,000
Start with the number that does not fit the income. The household earns $165,000, works three days a week on the physician side, and holds $660,000 of investments. The record states part of the growth: a $20,000 hobby bet on big tech stocks grew about 500 percent in eight years, and the portfolio grew around it.
Read the split first. Of the $660,000, 46 percent sits in retirement accounts and 54 percent outside them, and 84 percent of the retirement money sits in Roth accounts. That shape is a tax position as much as an investment one: the household funded Roth accounts hard while its income was low, which is the move the hosts told them to keep making.
A hobby bet is a start. It is not an allocation.
The hosts' caution runs the other way. A portfolio built around a concentrated win carries the win's risk in reverse, and their advice was to unwind the concentrated individual stocks gradually, for capital gains reasons, rather than in one sale. The score does not grade concentration. No box in this file moves on it. The page states the position and the advice side by side, and grades neither up nor down for it.
What the score does grade is the flow the bet cannot replace: $1,000 a month to Roth IRAs, $1,500 to a down payment, $500 to a 529, and a retirement plan contribution the record does not price. The directed flows are about 21.8 percent of gross income before that contribution, which is why the Savings Floor stands at full marks on stated flows alone.
The Update That Fixed the Cover First
The second look is the file's two readings. On the original call, the Protection Stack was thin: employer disability with no cost of living rider, no true own occupation wording, and a 180 day wait. Employer life of $500,000 and $350,000, and no estate documents at all. Read on that call alone, the stack grades low.
The episode then carries the household's own email update, and the updated facts govern. Individual disability through Principal with all the stated riders. Term life finalized with Banner at $1,000,000 for 15 years and $1,000,000 for 20 years. An emergency fund restated at $15,000, covering about five months, with about $10,000 in checking. And an estate plan almost done, with the will, power of attorney, healthcare directive, and revocable trust in process.
The update fixed the cover. The documents are still in process.
Graded on the update, disability and life each earn the full 4, and the estate box earns 2 for a plan in process with guardian completion not stated. The remaining zeros in the stack are the unstated lines: health cover as a separate item, the umbrella amount, and malpractice type and tail. None of them is stated anywhere in the record.
There is a forward note the hosts added and this page keeps in its place. In a two doctor household, which this one becomes when dental school ends, each spouse gets insured separately. That is advice for the next contract, not a fact about this one, and no box in this file grades it.
Milestones: Scored on What Is Stated
Inside the 3 Bucket Framework, the milestone checklist tracks the markers a household has already hit. This checklist earns 0 for Brent and Odette, because the intake never states a milestone list the net can be computed from. The box pays only for stated milestones.
The rest of the bucket picture: the emergency fund earns 2 on the updated $15,000 stated at about five months, named lanes earn 2 on the stated tracking goal without full dollar sorting, and goals funded earns 3 of 6 on flows that reach the goals without fully funding them. The framework earns 7 of 20.
Questions this case answers
What score did Brent and Odette receive on the Financial Health Assessment?
Brent and Odette scored 61 out of 100, in the Corrections band. The Transition framework earns the full 10 of 10 and the Physician Wealth Equation 12 of 14, while the Protection Stack earns 10 of 22.
How does a household on $165,000 hold $660,000 of investments?
Investments total $660,000, 46 percent in retirement accounts with 84 percent of that money in Roth accounts, alongside stated monthly flows to Roth IRAs, a down payment, and a 529. Inside the total, a $20,000 hobby bet on big tech stocks grew about 500 percent in eight years.
What did the household's update change?
The update, read on the episode, replaced weak employer cover: individual disability through Principal with all riders, and term life finalized at $1,000,000 for 15 years plus $1,000,000 for 20 years. It also restated the emergency fund at $15,000, about five months, and put an estate plan in process.
What do the fixes do to Brent and Odette's score?
Run the traced fix and the arithmetic is 61 plus 2, a score of 63. The gain is 2 for completing the estate plan already in process, including a guardian for their son. A score of 63 out of 100 keeps the household in the Corrections band.
Sources and Basis
This assessment is built from the household's own intake for the Financial Health Assessment and the episode assessment of it. Every figure on this page comes from that record, and the score is traced box by box under the locked attending rubric.
The attending rubric weights the seven frameworks at 20, 14, 22, 10, 8, 4, and 22, for a total of 100. The bands are Needs a workup from 0 to 39, Corrections from 40 to 69, Stable from 70 to 84, and Healthy from 85 to 100. Attendings are scored on the Transition fork by years since training: for established attendings, whether education debt is finished, and whether consumer or vehicle debt remains.