MoneyRx for CRNAs and NPs

In this episode of MoneyRx for CRNAs, host Brett Fellows sits down with Tangy Kincaid, an independent Certified Registered Nurse Anesthetist (CRNA) and the founder of KT Anesthesia and Zenfusions. Tangy shares insights from her journey in the field of anesthesia, her transition to ketamine therapy, and the opportunities and challenges that come with managing her own business. [04:24] The path to i...

Host Brett Fellows delves into essential strategies for retirement planning tailored specifically for Certified Registered Nurse Anesthetists (CRNAs). Brett breaks down the complexities of financial independence, emphasizing the importance of budgeting, understanding retirement costs, and the role of Social Security. He also discusses the 4% rule, long-term care insurance, and setting realistic re...

In this episode, host Brett Fellows welcomes Andi Stamper, a seasoned CRNA with a decade-long career spanning academic institutions, community hospitals, and outpatient practices. Andi shares her journey from her progression through nursing degrees to becoming a traveling 1099 CRNA, discussing the financial and logistical challenges associated with self-employment. She and Brett also explore the c...

In this episode, Brett explores five essential financial management strategies for CRNAs in retirement, delving into topics such as diversifying income streams, optimizing withdrawal methods to reduce taxes, making smart investment choices to balance growth and risk, planning for healthcare costs, and safeguarding your financial legacy. [02:42] Understanding your retirement goals.  [03:58] Setting...

In this episode, host Brett Fellows provides key insights and strategies for CRNAs seeking to manage their money effectively in retirement, outlining five crucial steps: combining income from different sources, optimizing fund withdrawals to minimize taxes, discovering investment strategies for wealth growth, tackling healthcare and long-term care expenses, and preserving wealth through estate pla...

In this episode, host Brett Fellows addresses a common question from prospective CRNA clients: what is the minimum investment required to work with a financial advisor? Using real-life examples of two CRNAs at different career stages, Brett explains how to find the right type of advisor that aligns with your financial situation and goals.   [04:14] Understanding the various types of financial advi...

In this episode, special guest Alesia Quante shares her journey from being a W2 earner to becoming an independent 1099 contractor and eventually founding the 1099 Success Academy. Alesia discusses the flexibility and financial benefits of transitioning to a 1099 lifestyle, the challenges she faced, and how her academy helps others successfully make this transition.  [03:34] Navigating the transiti...

In this episode of MoneyRx for CRNAs, host Brett Fellows provides key guidelines for Certified Registered Nurse Anesthetists (CRNAs) to prepare for a financially secure retirement, including how much to save and withdraw, the ideal net worth at various career stages, and common pitfalls to avoid.  [02:47] How much money CRNAs should have saved for retirement.  [06:54] What your net worth should be...

In this episode of the MoneyRx for CRNAs podcast, guest Kiki Mattress discusses her journey from engineering technology to Certified Registered Nurse Anesthetist (CRNA), sharing her initial struggles, the inspiration from her grandmother's illness, and the transition into the nursing field despite financial and personal challenges. Kiki also highlights her passion for mentoring, which led to...

Host Brett Fellows explores the importance of aligning time, money, and values to achieve a fulfilling life, offering CRNAs strategies for setting clear goals, spending intentionally, and creating meaningful experiences. [04:15] The importance of landmark experiences.  [07:53] Overcoming barriers to creating memorable experiences.  [10:55] Balancing financial prudence with seizing opportunities. ...

Host Brett Fellows and special guest Amanda Kay discuss Amanda's transition to an independent CRNA, emphasizing the importance of financial planning, contract negotiation, and time management. Amanda also shares insights on personal growth, the impact of coaching, and balancing professional achievements with life's simpler joys. [04:50] Amanda’s transition to full-time freelance work  [0...

In Part 2 of this two-part series, Brett continues his discussion of the significance of Social Security for CRNAs, offering additional insights into claiming strategies, spousal benefits, and the taxation of retiree benefits.  [02:05] Understanding when to claim Social Security retirement benefits.  [05:48] Estimating life expectancy and its impact on Social Security. [10:21] Navigating the earne...

In this episode, Brett discusses the importance of Social Security benefits for certified registered nurse anesthetists (CRNAs), offering insights into how to estimate benefits, when to begin receiving them, and the impact of delaying retirement.  [07:22] Estimating your future Social Security benefits.  [11:54] When to claim your benefits.  [13:58] Maximizing your Social Security benefits with de...

In this episode, Brett delves into the key differences between traditional and Roth retirement accounts and the pros and cons of each account type, offering CRNAs a framework to choose the best option for their financial independence and retirement goals.  [02:38] Key differences between traditional and Roth retirement accounts.  [07:31] Why CRNAs may want to consider a Roth account.  [20:34] When...

In this episode, Brett discusses the importance of understanding tax returns and insurance policies, covering tax planning basics, deductions, retirement plans, and the various types of insurance that can enhance a CRNA’s financial plan.  [03:00] Understanding your tax return: a deep dive.  [11:14] Exploring insurance: protecting your most valuable assets.  [14:29] Choosing a life insurance policy...

Brett discusses the importance of estate planning for certified registered nurse anesthetists (CRNAs), covering topics such as: What estate planning entails Who needs an estate plan Key documents involved, such as wills, trusts, and powers of attorney How to go about creating estate documents [01:37] Understanding estate planning basics. [04:38] Who needs an estate plan? [06:24] The importance of...

In this episode, Brett emphasizes the importance of organization, asking deep questions about financial goals, and being intentional with money to avoid walking in circles with financial decisions. [06:48] Where CRNAs tend to struggle with financial decision-making.  [09:37] The power of organization in achieving financial goals.  [12:49] Embracing changing and making informed decisions.  [16:18]...

In this episode, Brett explores the significance of savings rate for certified registered nurse anesthetists (CRNAs) in relation to retirement planning and financial independence.  [03:29] How to know whether to invest or pay down debt based on your savings rate. [09:31] The impact of real estate investments on your savings rate.  [13:53] Brett’s philosophy on balancing savings and lifestyle goals...

Host Brett Fellows, CFP®, discusses strategies for certified registered nurse anesthetists (CRNAs) to lower their tax bill in retirement. Brett covers topics such as required minimum distributions (RMDs), traditional and Roth IRA accounts, Social Security benefits, partial Roth conversions, charitable donations, and managing taxes during gap years.  [01:58] Understanding required minimum distribut...

In this episode, host Brett Fellows, CFP®, delves into the top five reasons why investing in the stock market is a smart financial move for CRNAs planning for retirement.  [02:16] Why investing in the stock market offers CRNAs the potential for higher returns.   [02:42] The importance of diversification and how stocks contribute to a diversified investment portfolio. [03:24] How stocks can serve a...

In this introductory episode of the MoneyRx for CRNAs podcast, host Brett Fellows, CFP®, shares his motivation for creating a podcast tailored specifically to Certified Registered Nurse Anesthetists and emphasizes the importance of changing your relationship with work and money to achieve financial success on your terms. [02:52] Who Should Listen to This Podcast? [04:45] The Backstory: How MoneyRx...