Scripted Wealth | Money & Meaning for Pharmacists

On this episode, sponsored by Insuring Income , Alex Barker, founder of The Happy PharmD, joins Tim Ulbrich to discuss takeaways from the 2021 Pharmacists's Salary Guide, including the current state of the job market, trends in salary and compensation, and contributors to job stress and dissatisfaction. Mentioned on the Show Insuring Income: Get Quotes and Apply for Term Life and Disability Insura...

Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Liz in Pittsburgh, Pennsylvania: How do I figure out how much of my raise is actually money in my pocket versus money I would lose in taxes?  Mentioned on the Show : YFP Planning: Financial Planning for Pharmacists SmartAsset Federal Paycheck Calculator File Your...

On this episode sponsored by LendKey , Tony Umholtz, a Mortgage Manager for IberiaBank, joins Tim Ulbrich to discuss 10 common mortgage mistakes homebuyers make and steps you can take to avoid them. Mentioned on the Show: LendKey: Refinance Your Student Loans 5 Steps to Get a Home Loan Free Webinar: Home Buying in 2021...What You Need to Know Iberia Bank Home Loan: Get Pre-approved and Compare Mul...

Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Abby in Madison, Wisconsin: Should I pay off my student loans before saving for a house down payment? Mentioned on the Show : YFP Planning: Financial Planning for Pharmacists Iberia Bank Home Loan: Get Pre-approved and Compare Multiple Lenders to Find the Home Lo...

On this episode, sponsored by Insuring Income , Nate Hedrick, the Real Estate RPh, joins Tim Ulbrich to discuss 7 ways to reduce your monthly housing costs.  Mentioned on the Show: Insuring Income: Get Quotes and Apply for Term Life and Disability Insurance Register for the Free Webinar: Home Buying in 2021...What You Need to Know YFP 178: 5 Lessons Learned from Nate's First House Flip Real Estate...

Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Amy in Raleigh, North Carolina: Should I carry my own professional liability insurance or is my employer's coverage enough? Mentioned on the Show : YFP Planning: Financial Planning for Pharmacists YFP 155: Why You Need Liability Insurance Professional liability i...

On this episode sponsored by LendKey , Tim Baker, Co-Founder and Director of Financial Planning at Your Financial Pharmacist, joins Tim Ulbrich to talk about strategies for investing when you have maxed out your traditional retirement accounts.  Mentioned on the Show: LendKey: Refinance Your Student Loans 2021 Key Retirement and Tax Numbers to Know YFP 072: Investing Mind Tricks: How Behavioral Bi...

Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Cindy in Albuquerque, New Mexico: Are there any tax implications for rolling over my old 403(b) accounts to a traditional IRA? Mentioned on the Show : YFP Planning: Financial Planning for Pharmacists Free Guide: Should I Rollover My Dormant 401(k)? YFP 072: Inves...

On this episode, sponsored by Insuring Income , Scott Rieckens, author of Playing with FIRE , joins Tim Ulbrich to talk about his journey towards achieving FIRE. Scott digs into the ins and outs of the FIRE movement, why he and his wife decided to leave their friends and family in San Diego, how to calculate your early retirement number, and strategies for implementing your own FIRE plan.   Mentio...

Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Jojo from the YFP Facebook Group: Should I open a 529 plan from another state with higher fees or one from my state that offers a tax deduction? Mentioned on the Show : YFP Planning: Financial Planning for Pharmacists Join the YFP Facebook Group Savingforcollege....

On this episode sponsored by LendKey , Kelly Reddy-Heffner, YFP Lead Financial Planner, joins Tim Ulbrich to talk through how those with federal student loans should be maximizing their student loan repayment strategy during another extension of administrative student loan forbearance.   Mentioned on the Show: LendKey: Refinance Your Student Loans YFP Planning: Financial Planning for Pharmacists S...

Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Madelyn from the YFP Facebook Group:  I have several different types of retirement accounts from previous employers. What should I do with them? Mentioned on the Show : YFP Planning: Financial Planning for Pharmacists Join the YFP Facebook Group IRS Rollover Char...

On this episode sponsored by Live Oak Bank, pharmacist and photographer Landen Conner shares how he turned his side hustle into his main gig, why and how he started his photography business, how he found his niche, and the mechanics of his business. Mentioned on the Show Live Oak Bank: Loans and Financial Solutions for Pharmacies Join the YFP Facebook Group YNAB. Your Best Year Ever by Michael Hya...

Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Heather from the YFP Facebook Group: Should I use money from my 401(k) to pay off student loans? Mentioned on the Show : YFP Planning: Financial Planning for Pharmacists Join the YFP Facebook Group Your Financial Pharmacist: Student Loan Refinancing Send in your...

Tim Ulbrich talks through 10 financial moves to make in 2021. It's time to turn the page on 2020 and start 2021 off the right way and that's with an intentional plan. Mentioned on the Show: YFP Planning: Financial Planning for Pharmacists Join the YFP Facebook Group YNAB. Your Best Year Ever by Michael Hyatt 10 Financial Discussions Every Couple Should Have YFP 165: The Power of a Health Savings A...

Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Blake from the YFP Facebook Group: Can I refinance my student loans to a variable rate now and refinance to a fixed rate later if my interest rate increases? Mentioned on the Show : YFP Planning: Financial Planning for Pharmacists Join the YFP Facebook Group Your...

Paul Eikenberg, YFP Director of Tax and CFO, joins Tim Ulbrich to talk about how to optimize your tax situation in 2021. Paul discusses the difference between tax planning and preparation, common tax planning mistakes he sees pharmacists making, and strategies pharmacists should consider employing to optimize their tax situation. Mentioned on the Show 2020 End of Year Financial Checklist File Your...

Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Andrea in Warba, Minnesota: Should I buy life insurance for my child? Mentioned on the Show : YFP Planning: Financial Planning for Pharmacists PolicyGenius: Should You Buy Life Insurance for Children? Join the YFP Facebook Group Book a Discovery Call with YFP Pla...

Amanda and Holden Graves join Tim Ulbrich to talk about their journey paying off $100,000 of student loans and other debt in just a few years. They share their strategies for aggressively repaying their debt, how they were able to effectively work together as a couple, and what lies ahead for them and their financial plan now that they are officially debt free.  Mentioned on the Show YFP Planning:...

Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Andrea in Olathe, Kansas: Is my position protected if I've used all of my FMLA and submit a claim for long-term disability? Mentioned on the Show : YFP Planning Your Financial Pharmacist: Protect Your Income Seven Figure Pharmacist by Tim Church, PharmD and Tim U...

Young Park, new practitioner and real estate investor, joins Tim Ulbrich on this week's podcast episode, sponsored by APhA, to talk about his portfolio, why he likes real estate investing, how he got started, what has worked, what hasn't worked, and why and how he invests in Kansas City while living in Hawaii. Mentioned on the Show: Join APhA - Get 25% Off Your Membership with Code: YFP2020 YFP 11...

Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Alex in Pleasanton, California: How can I determine if a potential employer qualifies for PSLF?  Mentioned on the Show : YFP Planning Federal Student Aid: Public Service Loan Forgiveness Public Service Loan Forgiveness (PSLF) & Temporary Expanded PSLF (TEPSLF) Ce...

Tim Baker, YFP co-founder and Director of Financial Planning, talks about his journey becoming a financial planner. He discusses why all financial planning is not created equal, how and why YFP Planning services differ from traditional firms, and the importance of fee-only, fiduciary, and comprehensive distinctions. Mentioned on the Show: YFP Planning - Comprehensive Fee-Only Financial Planning fo...

Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Frank in Bonita Springs, Florida: What happens if I contribute beyond the maximum annual limits to a 401(k) or IRA? Mentioned on the Show : YFP Planning Seven Figure Pharmacist by Tim Church, PharmD and Tim Ulbrich, PharmD YFP 072: Investing Mind Tricks: How Beha...

Allyson Brennan, founder and owner of Emogene & Co., a natural skincare company, joins Tim Ulbrich on the show. Allyson talks about her background in pharmacy, why and how she started Emogene & Co., how she has had success in such a short period of time, and what lies ahead as she prepares for growth in 2021 and beyond.  Mentioned on the Show: YFP Planning: Financial Planning for Pharmacists Adam...