Financial Clarity for Doctors

In this week's blog, we walk through some ways to estimate how much money a doctor needs to retire.   Our weekly blog posts that can be found at www.theFinityGroup.com/blog , where you can also sign up for our newsletter to have our weekly blog post delivered directly to your inbox.

In this episode, Corey and Rachelle discuss how to approach leaving money behind, whether that is for family, charitable causes, or the government.  Just kidding!  The goal is for YOU to be able to direct where your wealth goes, which can include minimizing taxes if possible. What are your goals and your family’s goals for passing on wealth? Make sure to consider what you really want in terms of l...

In this week's blog, we list 23 financial goals you can shoot for in 2023.  Don't worry about accomplishing them all!  Pick several to commit to and go from there! Our weekly blog posts that can be found at www.theFinityGroup.com/blog , where you can also sign up for our newsletter to have our weekly blog post delivered directly to your inbox.

In this episode, Corey and Rachelle breakdown cash balance retirement plans.  What are they and are they a good fit for you? What the heck is a cash balance plan? • Another pre-tax retirement plan, meaning you do not pay taxes on the money you deposit now, but you do pay taxes on withdrawals in the future. • Many pre-tax retirement plans are defined contribution plans (401k, IRA, SEP) meaning that...

This episode is an extra special one where Corey interviews his dad, Dr. Kenneth Janoff, a retired surgeon about his career in medicine and achieving financial independence.  He shares stories from growing up in New Jersey, going to medical school at Temple University, what it was like transitioning from med school in North Philly to residency in Portland, OR in the late 70’s. He shares his experi...

In this week's blog, we list five important actions to take in order to become financially independent one day.   Our weekly blog posts that can be found at www.theFinityGroup.com/blog , where you can also sign up for our newsletter to have our weekly blog post delivered directly to your inbox.

How to Approach Investing When Markets Are Down In this episode, Corey and Rachelle take a slightly different approach to talking about the stock market this year.  There have been many ups and downs over 2022, but as investors, how do we deal with that volatility?  What should we do differently, if anything? In some situations, doing nothing is the best option: First, unless you have a specific r...

In this week's blog, we discuss the power of compound interest, how it can benefit you if you get it working in your favor, and how it can potentially hurt you if you get on the wrong side of it.   Our weekly blog posts that can be found at www.theFinityGroup.com/blog , where you can also sign up for our newsletter to have our weekly blog post delivered directly to your inbox.

In this week's blog, we discuss what an IRA is, benefits of using one for retirement savings, and how to set one up.   Our weekly blog posts that can be found at www.theFinityGroup.com/blog , where you can also sign up for our newsletter to have our weekly blog post delivered directly to your inbox.

If you watch the news or have tried to borrow money any time recently, you know interest rates have increased A LOT this year.  New mortgages 30-year fixed mortgages are averaging more than 7%.  Drastically different from the 2.5-3.5% you could get during covid.  In this episode, Corey and Rachelle ask, “what should we do differently?” It’s not all bad news! High-interest savings accounts have var...

In this week's blog, we discuss the pros and cons of securing disability insurance as a resident or fellow.   Our weekly blog posts that can be found at www.theFinityGroup.com/blog , where you can also sign up for our newsletter to have our weekly blog post delivered directly to your inbox.

Once in a while, we have to “eat our vegetables” and talk about insurances.  In this episode, Corey and Rachelle tackle long-term care insurance in recognition of long-term care insurance awareness month.  Insurance conversations almost always revolve around things we would rather not think about, and this is no different.  But most of us will have to deal with aging, and a lot of us will have to...

In this week's blog, we discuss strategies for investing when the market is down in value.  Our weekly blog posts that can be found at www.theFinityGroup.com/blog , where you can also sign up for our newsletter to have our weekly blog post delivered directly to your inbox.

This week's blog post dives into the purpose and benefits of tax-deferred retirement accounts and how they can be utilized in your retirement savings strategy.   Our weekly blog posts that can be found at www.theFinityGroup.com/blog , where you can also sign up for our newsletter to have our weekly blog post delivered directly to your inbox.

A few weeks ago Corey and Rachelle tackled teaching kids about money on Financial Clarity for Doctors.  This week they dive into a few financial preparations that you can take on as a household when you are expecting.  If this is you – get ready for some big changes! A financial checklist for when you’re expecting: Review your insurances. Do you have enough disability insurance to fully-protect yo...

This week's blog post dives into the factors that impact the cost of disability insurance.   Our weekly blog posts that can be found at www.theFinityGroup.com/blog , where you can also sign up for our newsletter to have our weekly blog post delivered directly to your inbox.

In this episode of Financial Clarity for Doctors, Corey and Rachelle chat about the whirlwind year we have had in the stock market so far.  It’s easy to look back and explain stock market movement in hindsight, but much harder to predict in advance.  But sometimes understanding the “why”, can help you avoid making poor choices – like selling when your portfolio is down 25%.  Listen for a little bi...

This week's blog post is about the Public Service Loan Forgiveness program (PSLF) and whether or not you should pursue it.   Our weekly blog posts that can be found at www.theFinityGroup.com/blog , where you can also sign up for our newsletter to have our weekly blog post delivered directly to your inbox.

In this episode of Financial Clarity for Doctors, Corey and Rachelle jump into a topic that is near and dear to their hearts.  Teaching the little ones about money!  Money has been a taboo subject for too long.  When we don’t talk about it, we fail to set our kids up for success.  It’s important for them to understand, even at an early age, that every piece of clothing, every toy, even the roof of...

This week's blog post walks through how to tax-loss harvest your taxable investment accounts to help reduce your overall tax liability. Our weekly blog posts that can be found at www.theFinityGroup.com/blog , where you can also sign up for our newsletter to have our weekly blog post delivered directly to your inbox.

This week's blog post, written by Braden Balocan, is about the temporary limited waiver student loan forgiveness program.  Deadline is October 2022.  Act now to take advantage of it! Our weekly blog posts that can be found at www.theFinityGroup.com/blog , where you can also sign up for our newsletter to have our weekly blog post delivered directly to your inbox.

In today’s episode of Financial Clarity for Doctors, Corey and Rachelle talk about one of the main reasons financial planning can be so challenging.  Unfortunately, you have to wait a LONG time to find out if you made the best choices.  When we are talking about long-term planning, the short-term success or failure of specific choices doesn’t matter quite as much.  So how can you tell if you’re on...

We're starting to record an audio version of our weekly blog posts that can be found at www.theFinityGroup.com/blog .  Be on the lookout for these to arrive in your feed each week.   September is Life Insurance Awareness Month, so this week's blog is titled, Term vs. Whole Life Insurance, written by Corey Janoff.

In today’s episode of Financial Clarity for Doctors, Corey and Rachelle discuss the Biden administration’s recently announced student loan plan.  The biggest question on everyone’s minds is do I qualify for any loan forgiveness?  Chances are you may not qualify as an attending, but as a trainee, it’s very likely you do. Some highlights of the new plan: Extended forbearance through 12/31/2022 They...

Being the First Black Doctor at a Hospital In today’s episode of Financial Clarity for Doctors, Corey and Rachelle are joined by their colleague, Antwon Weary and Sonya Williams, MD.  Sonya and Antwon both share their experiences of being a couple of the few black individuals in their work lives.  Antwon joined Finity Group as the first (and only) black advisor at the firm.  Sonya was the first bl...