Scripted Wealth | Money & Meaning for Pharmacists

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 Sierra in Portland, Oregon: Should I contribute to both traditional and Roth retirement accounts? Mentioned on the Show: YFP Planning YFP 072: Investing Mind Tricks: How Behavioral Bias Affects Our Decisions YFP 073: How to Determine the Priority of Investing YFP...

Happy Thanksgiving from the team at Your Financial Pharmacist! 

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 Quynh-Tram in Carlsbad, California: What is a competitive equity stake or stock option to ask for at a start-up company?  Mentioned on the Show: YFP Planning Holloway: Typical Employee Equity Levels Angel: Startup Salary and Equity Send in your questions  here  o...

Pharmacists Josh and Kara Soppe join Tim Ulbrich to share their journey of paying off $188,000 of student loan debt in 28 months. Josh and Kara dig into why they chose to aggressively tackle their student loans, their strategy for paying them off, how they created and implemented a budget, and their plans are now that their student loans are paid in full. Mentioned on the Show YFP Planning: Financ...

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 Brittany in Bardstown, Kentucky: What should I do with my old 401(k) accounts? Mentioned on the Show: YFP Planning Send in your questions here or to info@yourfinancialpharmacist.com Disclaimer: This podcast is intended for educational purposes and should not be c...

Nate Hedrick, the Real Estate RPH, joins Tim Ulbrich to recap the 5 lessons he learned from his first real estate investment flip . Nate digs into how he found the deal, how he ran the numbers, what went well and what didn't and how he sees real estate investing fitting into his financial plan. Mentioned on the Show YFP Concierge Service YFP 160: Navigating the Home Buying Process Through the YFP...

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 Caitlynn in Omaha, Nebraska: Can I switch between the PAYE and REPAYE plans to minimize interest accruing for non-PSLF forgiveness?  Mentioned on the Show: YFP Planning The Pharmacist's Guide to Conquering Student Loans: How to Confidently Choose the Best Strateg...

Joe Baker, author of the newly released book  Baker's Dirty Dozen: Principles for Financial Independence , joins Tim Ulbrich on the show. Joe talks about several of the principles outlined in the book, why he wrote the book and what he hopes the reader will glean from applying its principles.  Mentioned on the Show Baker's Dirty Dozen: Principles for Financial Independence by Joe Baker, MBA with L...

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 Rachel in Central Point, Oregon: Can I contribute to a 401(k) from my former employer? Mentioned on the Show : YFP Planning YFP 072: Investing Mind Tricks: How Behavioral Bias Affects Our Decisions  YFP 073: How to Determine the Priority of Investing YFP 074: Eva...

Stephanie Hale shares her journey applying for and receiving Public Service Loan Forgiveness (PSLF). Mentioned on the Show The Pharmacist's Guide to Conquering Student Loans by Tim Church Join the YFP Facebook Group FedLoan Servicing Ask a YFP CFP #36: If I've been under the wrong repayment plan, can I apply for Temporary Expanded Public Service Loan Forgiveness (TEPSLF)? YFP 018: Maximizing the B...

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 Bonnie in Florida: How do I get started with a SIMPLE IRA? Mentioned on the Show : YFP Planning Schwab SIMPLE IRA Plan for Employees Call Charles Schwab: 1-800-435-4000 Send in your questions  here  or to  info@ yourfinancialpharmacist.com Disclaimer:  This podca...

Sarah Cummins, a PGY2 Emergency Medicine Pharmacy Resident, joins Tim Ulbrich to talk about specific strategies to make the residency application process more affordable. Mentioned on the Show Compare Multiple Lenders and Refinance Your Mortgage with Credible Sarah Cummins' Tips for Making the Residency Process More Affordable on Twitter ASHP Midyear 2020 Clinical Meeting & Exhibition Registration...

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 Kristina in Dayton, Ohio: Will my parents be taxed for giving me money to pay down my student loans? Mentioned on the Show : YFP Planning Send in your questions  here  or to  info@ yourfinancialpharmacist.com Disclaimer:  This podcast is intended for educational...

Tim Baker and Tim Ulbrich discuss how to best evaluate your employer benefits as you get ready to make selections during open enrollment. Mentioned on the Show YFP Planning - Comprehensive Fee-Only Financial Planning for Pharmacists YFP 166: Why Negotiation is an Important Part of Your Financial Plan YFP 044: How to Determine Your Life Insurance Needs YFP 045: How to Determine Your Disability Insu...

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 Thanh in Durham, North Carolina: Should one still pursue a pharmacy career with the projected decline in the job market? Mentioned on the Show : YFP Planning U.S. Bureau of Labor Statistics  Pharmacist Demand Indicator National Matching Services: ASHP Residency M...

Ryan Chaw, pharmacist and real estate investor, joins Tim Ulbrich to talk about how he built a six-figure rental portfolio, red flags to look out for as an investor and the method he uses to find good tenants.   Mentioned on the Show PolicyGenius: Shop for Life and Disability Insurance YFP 140: How Ryan is Bringing in $11,000 a Month Through College Town Real Estate Investing Bigger Pockets Real E...

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 Garrett in Cincinnati, Ohio: Can I retroactively certify payments into PSLF?  Mentioned on the Show : YFP Planning Public Service Loan Forgiveness Employment Certification Form FedLoan Servicing American Pharmacists Association (APhA): Financial Education AACP 20...

Tim Ulbrich gives his thoughts on the outlook of the pharmacy job market, what to make of the U.S. Bureau of Labor Statistics' projection for a 3% decline in pharmacy jobs over the next 10 years, and how this impacts your financial situation and plan. Tim also shares 10 steps you can take now to hedge your financial plan against job loss or reduced hours. Mentioned on the Show Fee-Only Comprehensi...

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 Tiana in Portland, Oregon: Where can I find affordable health insurance if I don't qualify for it through an employer? Mentioned on the Show : YFP Planning HealthCare.gov Send in your questions  here  or to  info@ yourfinancialpharmacist.com Disclaimer:  This pod...

Austin Ulrich joins Tim Ulbrich to talk about how he and his family successfully navigated the financial transition from student pharmacist to resident to new practitioner. He discusses how they were able to become debt free while completing residency training, why and how he started a medical writing business, what it was like to finish residency and find a new job in the midst of a global pandem...

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 Karen in Coral Springs: If I've been under the wrong repayment plan, can I apply for Temporary Public Service Loan Forgiveness (TEPSLF)?  Mentioned on the Show : YFP Planning Email FedLoan Servicing:  tepslf@myfedloan. org Federal Student Aid YFP 018: Maximizing...

Robert Lopez, YFP's Lead Financial Planner, joins Tim Ulbrich to talk about the ins and outs of car insurance. Robert digs into why it's an important part of the financial plan, key terminology, how rates are calculated, the make-up of an auto insurance policy and common mistakes to avoid when purchasing car insurance.  Mentioned on the Show YFP Financial Planning YFP 164: The Pros and Cons of Pay...

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 Anthony in Houston, Texas: What is the best way to redistribute my stock portfolio to minimize tax implications? Mentioned on the Show : YFP Planning YFP 072: Investing Mind Tricks: How Behavioral Bias Affects our Decisions YFP 073: How to Determine the Priority...

Tony Umholtz, a Mortgage Manager at IberiaBank, shares helpful tips for getting a mortgage and what you need to know when financing a home purchase or refinancing your home. Tony also breaks down the difference between pre-approvals and pre-qualifications, how interest rates are calculated, different types of home loans and everything you need to know about escrow accounts. Mentioned on the Show 5...

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 Jake in Hamilton, Ohio: Should I use a Roth IRA or a Traditional IRA as a resident? Mentioned on the Show: YFP Planning Send in your questions  here  or to  info@ yourfinancialpharmacist.com Disclaimer:  This podcast is intended for educational purposes and shoul...