Your Financial Pharmacist
649 episodes - English - Latest episode: 20 days ago - ★★★★★ - 162 ratingsThe Your Financial Pharmacist Podcast is designed to empower pharmacy professionals to take control of their personal finances.
Disclaimer: The information on this website is provided to you for your informational purposes only and is not intended to provide, and should not be relied on for, investment or any other advice. For more information, visit https://yourfinancialpharmacist.com/disclaimer
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Episodes
YFP 189: Options for Investing When You’re Maxing Out Your Retirement Accounts
February 04, 2021 13:48 - 31 minutes - 35.8 MBOn 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 Bias Affects Our Decisions YFP 073: How to Determine the Priority of Investing YFP 0...
Ask a YFP CFP® #55: Are there any tax implications for rolling over my old 403(b) accounts to a traditional IRA?
February 01, 2021 12:44 - 9 minutes - 10.9 MBWelcome 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: Investing Mind Tricks: How Behavioral Bias Affects Our Decisions YFP 073: How to Determi...
YFP 188: Playing with FIRE: An Interview with Scott Rieckens
January 28, 2021 14:33 - 40 minutes - 46.7 MBOn 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. Mentioned on the Show: Insuring Income: Get Quotes and Apply for Term Life and Disability Insurance ...
Ask a YFP CFP® #54: Should I open a 529 plan from another state with higher fees or one from my state that offers a tax deduction?
January 25, 2021 10:18 - 4 minutes - 5.61 MBWelcome 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.com Send in your questions here or to [email protected] Disclaimer: This...
YFP 187: How to Maximize Your Student Loan Strategy While Federal Student Loan Payments are Paused
January 21, 2021 14:40 - 35 minutes - 32.4 MBOn 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 Student Loan Analysis: A One-on-One Customizable Plan to Tackle Your Student Loans Schedu...
Ask a YFP CFP® #53: I have several different types of retirement accounts from previous employers. What should I do with them?
January 18, 2021 12:15 - 6 minutes - 7.77 MBWelcome 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 Chart Send in your questions here or to [email protected] Disclaimer: Th...
YFP 186: The Picture Perfect Side Hustle
January 14, 2021 11:00 - 29 minutes - 33.8 MBOn 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 Hyatt Side Hustle to Main Gig: Landen Conner used his experience and cash from a pharm...
Ask a YFP CFP® #52: Should I use money from my 401(k) to pay off student loans?
January 11, 2021 11:43 - 6 minutes - 7.65 MBWelcome 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 questions here or to [email protected] Disclaimer: This podcast is int...
YFP 185: 10 Financial Moves to Make in 2021
January 07, 2021 10:49 - 29 minutes - 34.1 MBTim 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 Account I Will Teach You To Be Rich by Ramit Sethi YFP 057: The Power of Au...
Ask a YFP CFP® #51: Can I refinance my student loans to a variable rate now and refinance to a fixed rate later if my interest rate increases?
January 04, 2021 10:16 - 6 minutes - 7.01 MBWelcome 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 Financial Pharmacist: Student Loan Refinancing Send in your questions here or to info@y...
YFP 184: How to Optimize Your 2021 Tax Strategy
December 31, 2020 13:00 - 38 minutes - 43.6 MBPaul 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 Taxes with YFP YFP 070: Pre-Planning for Tax Season Tim Baker, CFP® and Director of ...
Ask a YFP CFP® #50: Should I buy life insurance for my child?
December 28, 2020 09:50 - 7 minutes - 8.16 MBWelcome 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 Planning Send in your questions here or to [email protected] Disclaim...
YFP 183: How Amanda and Holden Created Freedom by Paying Off $100k of Debt
December 24, 2020 12:51 - 29 minutes - 34.2 MBAmanda 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: Financial Planning for Pharmacists 2020 End of Year Financial Checklist The Scope of P...
Ask a YFP CFP® #49: Is my position protected if I've used all of my FMLA and submit a claim for long-term disability?
December 21, 2020 10:37 - 8 minutes - 9.53 MBWelcome 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 Ulbrich, PharmD - Get 15% Off with Code: YFP YFP 045: How to Determine Your Disabilit...
YFP 182: How This New Practitioner is Leveraging a Team to Invest in Long-Distance Real Estate
December 17, 2020 10:32 - 39 minutes - 35.9 MBYoung 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 112: Why One PhD Pharmacist is Taking On Two Side Hustles BIgger Pockets on Youtube You...
Ask a YFP CFP® #48: How can I determine if a potential employer qualifies for PSLF?
December 14, 2020 11:01 - 8 minutes - 9.91 MBWelcome 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) Certification and Application Tax Exempt Organization Search Send in your questions h...
YFP 181: How YFP is Different Than Most Financial Planning Firms
December 10, 2020 12:47 - 44 minutes - 50.7 MBTim 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 for Pharmacists YFP 015: Financial Planning Series: Interview w/ Tim Baker (West Point to CF...
Ask a YFP CFP® #47: What happens if I contribute beyond the maximum annual limits to a 401(k) or IRA?
December 07, 2020 11:56 - 10 minutes - 11.8 MBWelcome 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 Behavioral Bias Affects Our Decisions YFP 073: How to Determine the Priority of Investi...
YFP 180: How Allyson Used Her Pharmacy Skills to Build a Natural Skincare Company
December 03, 2020 10:21 - 48 minutes - 55.5 MBAllyson 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 Martin, The Fit Pharmacist Your Financial Pharmacist Emogene & Co. Natural Skincare ...
Ask a YFP CFP® #46: Should I contribute to both traditional and Roth retirement accounts?
December 02, 2020 17:31 - 9 minutes - 9.11 MBWelcome 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 074: Evaluating Your 401(k) Plan YFP 075: DIY, Robo or Hire a Planner? YFP 076...
Happy Thanksgiving from YFP
November 26, 2020 13:24 - 5 minutes - 4.65 MBHappy Thanksgiving from the team at Your Financial Pharmacist!
Ask a YFP CFP® #45: What is a competitive equity stake or stock option to ask for at a start-up company?
November 23, 2020 19:54 - 10 minutes - 9.36 MBWelcome 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 or to [email protected] Disclaimer: This podcast is intended for educatio...
YFP 179: How Josh and Kara Tackled $188k of Student Loans in 28 Months
November 19, 2020 10:09 - 34 minutes - 31.3 MBPharmacists 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: Financial Planning for Pharmacists Connect with Tim Ulbrich on LinkedIn Refinance Your Student...
Ask a YFP CFP® #44: What should I do with my old 401(k) accounts?
November 16, 2020 10:32 - 8 minutes - 9.18 MBWelcome 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 [email protected] Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's pers...
YFP 178: 5 Lessons Learned from Nate’s First House Flip
November 11, 2020 03:02 - 47 minutes - 54 MBNate 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 Concierge Service Real Estate RPh 5 Lessons I Learned Flipping My First House Rich...
Ask a YFP CFP® #43: Can I switch between the PAYE and REPAYE plans to minimize interest accruing for non-PSLF forgiveness?
November 09, 2020 10:47 - 8 minutes - 8.17 MBWelcome 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 Strategy that Saves You the Most Money by Tim Church, PharmD Send in your questions here or to i...
YFP 177: New Book: Baker’s Dirty Dozen: Principles for Financial Independence
November 05, 2020 10:44 - 30 minutes - 28 MBJoe 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 Lindsey Jordan Baker YFP 082: Debt Free Theme Hour with the Teacher & Pupil FinCon Ramit...
Ask a YFP CFP® #42: Can I contribute to a 401(k) from my former employer?
November 02, 2020 10:54 - 6 minutes - 7.38 MBWelcome 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: Evaluating Your 401(k) Plan YFP 075: DIY, Robo or Hire a Planner? YFP 076: Investi...
YFP 176: How Stephanie Got $72,000 Forgiven Through TEPSLF
October 29, 2020 12:11 - 30 minutes - 28.2 MBStephanie 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 Benefits of Public Service Loan Forgiveness (PSLF) YFP 078: Is Pursuing the Publi...
Ask a YFP CFP® #41: How do I get started with a SIMPLE IRA?
October 26, 2020 09:29 - 9 minutes - 10.5 MBWelcome 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 [email protected] Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investme...
YFP 175: How to Reduce Costs During the Residency Application Process
October 22, 2020 09:58 - 37 minutes - 34.2 MBSarah 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 Information ASHP: Become a Member Gas Price Calculator Tollsmart SpotHero ...
Ask a YFP CFP® #40: Will my parents be taxed for giving me money to pay down my student loans?
October 19, 2020 16:00 - 8 minutes - 9.4 MBWelcome 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 [email protected] Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the v...
YFP 174: How to Evaluate Employer Benefits During Open Enrollment
October 15, 2020 09:12 - 39 minutes - 35.8 MBTim 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 Insurance Needs Protect Your Income With Life and Disability Insurance YFP 072: I...
Ask a YFP CFP #39: Should one still pursue a pharmacy career with the projected decline in the job market?
October 12, 2020 16:00 - 18 minutes - 21.6 MBWelcome 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 Matching Statistics AACP 2020 Graduating Student Survey YFP 005: The Impact of ...
YFP 173: Using Systems to Automate Real Estate Investing
October 08, 2020 16:00 - 35 minutes - 32.5 MBRyan 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 Estate Rookie Podcast Rich Dad Poor Dad: What the Rich Teach Their Kids About Money ...
Ask a YFP CFP® #38: Can I retroactively certify payments into PSLF?
October 05, 2020 16:00 - 11 minutes - 12.7 MBWelcome 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 2020 Graduating Student Survey Send in your questions here or to info@yourfinancialp...
YFP 172: Should You Be Concerned About the Projected Decline of Pharmacy Jobs?
October 01, 2020 11:00 - 36 minutes - 33.3 MBTim 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 Comprehensive Financial Planning for Pharmacists Bureau of Labor Statistics: Pharmacist Job Outlook ...
Ask a YFP CFP® #37: Where can I find affordable health insurance if I don't qualify for it through an employer?
September 28, 2020 16:00 - 6 minutes - 7.64 MBWelcome 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 [email protected] Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investme...
YFP 171: How Austin Successfully Made the Financial Transition to New Practitioner Life
September 24, 2020 16:00 - 38 minutes - 35.4 MBAustin 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 pandemic and what they learned from their first home buying experience. Mentioned on the Show Join ...
Ask a YFP CFP® #36: If I've been under the wrong repayment plan, can I apply for Temporary Public Service Loan Forgiveness (TEPSLF)?
September 21, 2020 16:00 - 8 minutes - 9.99 MBWelcome 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: [email protected] Federal Student Aid YFP 018: Maximizing the Benefits of Public Service Loan Forgiveness YFP 078: Is Pursuing the Public Servic...
YFP 170: The Ins and Outs of Auto Insurance
September 17, 2020 10:04 - 25 minutes - 23.5 MBRobert 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 Paying Cash for a Car Book a Free Discovery Call with our Certified Financial Planning Team...
Ask a YFP CFP® #35: What is the best way to redistribute my stock portfolio to minimize tax implications?
September 14, 2020 16:00 - 9 minutes - 8.79 MBWelcome 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 of Investing YFP 074: Evaluating Your 401k Plan YFP 075: DIY, Robo or Hire a Planner?...
YFP 169: Helpful Tips for Getting a Mortgage
September 10, 2020 01:43 - 37 minutes - 34.4 MBTony 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 Steps to Getting a Home Loan Apply for the Pharmacist Home Loan with IberiaBank YFP 13...
Ask a YFP CFP® #34: Should I use a Roth IRA or a Traditional IRA as a resident?
September 07, 2020 13:52 - 7 minutes - 6.44 MBWelcome 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 [email protected] Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's...
YFP 168: How Blake and Zac Analyze Real Estate Deals
September 03, 2020 14:37 - 39 minutes - 36.4 MBBlake Johnson and Zac Hendricks talk about how they joined forces to build a successful real estate portfolio and investment strategy. They talk about their individual roles when investing in properties, the make-up of their current portfolio, and why they chose to focus on real estate investing. Blake and Zac lay out all the secrets on how to analyze real estate deals and break down the numbers on two of their own investment properties. Mentioned on the Show PolicyGenius: Shop for Life a...
Ask a YFP CFP® #33: What are the pros and cons of using an escrow account?
August 31, 2020 18:38 - 8 minutes - 7.32 MBWelcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Lindsay in Wisconsin: What are the pros and cons of using an escrow account? Mentioned on the Show: YFP Planning Send in your questions here or to [email protected] Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's person...
YFP 167: Must Know Real Estate Terminology
August 25, 2020 12:07 - 45 minutes - 41.9 MBDavid Bright, a pharmacist, pharmacy educator and real estate investor talks about why he views real estate investing as an important part of his financial plan, how he got started in real estate investing, and key real estate investing terms and concepts. Mentioned on the Show Compare Multiple Lenders and Refinance Your Mortgage with Credible BiggerPockets BiggerPockets Real Estate Investing Calculators Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money that the Poor a...
YFP 166: Why Negotiation is an Important Part of Your Financial Plan
August 20, 2020 10:15 - 47 minutes - 43.9 MBTim Baker and Tim Ulbrich talk all things negotiation. They discuss what it is, where it can be used, why it’s important to your financial plan, the goals of negotiation and tips and strategies for different parts of the negotiation process. Mentioned on the Show YFP Planning Never Split the Difference: Negotiating as if Your Life Depended on It by Chris Voss SHRM (Society for Human Resource Management) Journal of Experimental Social Psychology Join the YFP Facebook Group
Ask a YFP CFP® #32: Should I contribute to a Roth IRA during residency?
August 17, 2020 10:16 - 6 minutes - 6.22 MBWelcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Nicole from Philadelphia, Pennsylvania: Should I contribute to a Roth IRA during residency? Mentioned on the Show: YFP Planning The Pharmacist's Guide to Conquering Student Loans by Tim Church, PharmD Send in your questions here or to [email protected] Disclaimer: This podcast is intended for educational purposes and should not be con...
YFP 165: The Power of a Health Savings Account
August 13, 2020 03:04 - 28 minutes - 26.2 MBOn this week’s podcast episode sponsored by HPSO, Tim Church joins Tim Ulbrich to talk about the ins and outs of a Health Savings Account, how an HSA fits into a financial plan and why he is choosing not to use his HSA to pay for medical expenses. Mentioned on the Show Get Professional Liability Insurance with HPSO YFP 019: How do Health Savings Accounts (HSA) Fit Into a Financial Plan? YFP 073: How to Determine the Priority of Investing YFP 163: Investing Beyond the 401k/403b ...