Summary Most of our real-estate episodes to date have covered the topic of buying a home, but today we’re putting ourselves in the shoes of the seller. If you think this episode isn’t for you because you’re only interested in buying a home, think again! Being able to see things from a seller’s perspective will add huge value to your home-buying journey. Today’s guest is Nate Hedrick, a pharmacist, and the founder of Real Estate RPH. It’s a seller's market at the moment and he is here to share five top tips for selling your home for its maximum value. From the benefits of enlisting the help of an agent to getting to grips with price-setting strategies and understanding buyer versus seller costs, this conversation will equip you with the tools you need to navigate current chaotic housing market with confidence! Links Mentioned in Today's Episode Nate Hedrick on LinkedIn Real Estate RPH YFP Episode 316 Tim Ulbrich on LinkedIn Subscribe to the YFP Newsletter YFP Disclaimer  

Summary Many pharmacists are detail-oriented, methodical, and risk-averse, so moving quickly isn’t generally one of our strong suits. However, being able to think fast and act fast (though not recklessly) are essential in today’s real estate market. So, in this episode, we share three strategies that will help you build confidence in your decision-making so that when a good deal comes around, you are ready to take the plunge! Tune in today to hear about the importance of being very clear on the math, understanding the rules of thumb that can help guide your process, and setting your criteria in stone (while still being open to flexibility and creativity). Links Mentioned in Today's Episode Zillow MLS Your Financial Pharmacist REI YFP Real Estate Investing Facebook Group  

Summary If you’re a first-time home buyer, this episode is for you! This week’s episode, sponsored by FirstHorizon, features Tony Umholtz, a mortgage loan officer at First Horizon Bank with over 20 years of experience in the industry, and he is here to share important factors that you should be taking into consideration before purchasing your first property. By the end of the episode, you will understand how banks decide whether or not to approve a mortgage application, the pros and cons of the various loan options that exist, the difference between preapproval and prequalification, things to look out for when choosing a lender, and more! Buying your first home isn’t something to be taken lightly, and Tony’s insights will leave you feeling well-equipped to make decisions that are going to serve you well, now and in the future. About Today's Guest Tony Umholtz graduated Cum Laude from the University of South Florida with a B.S. in Finance from the Muma College of Business. He then went on to complete his MBA. While at USF, Tony was part of the inaugural football team in 1997. He earned both Academic and AP All-American Honors during his collegiate career. After college, Tony had the opportunity to sign contracts with several NFL teams including the Tennessee Titans, New York Giants, and the New England Patriots. Being active in the community is also important to Tony. He has served or serves as a board member for several charitable and non-profit organizations including board member for the Salvation Army, FCA Tampa Bay, and the USF National Alumni Association. Having orchestrated over $1.1 billion in lending volume during his career, Tony has consistently been ranked as one of the top mortgage loan officers in the industry by the Scotsman’s Guide, Mortgage Executive magazine, and Mortgage Originator magazine. Links Mentioned in Today's Episode Tony Umholtz on LinkedIn Tim Ulbrich on LinkedIn First Horizon Bank First Horizon’s Pharmacist Home Loan Fannie Mae Freddie Mac Federal Housing Administration YFP Disclaimer Tim Ulbrich on LinkedIn Subscribe to the YFP Newsletter

Summary Money talk isn’t always easy to initiate, but in some cases it’s essential. Today, we are joined by award-winning journalist and author of Mom and Dad, We Need to Talk, Cameron Huddleston, to discuss the often-overlooked topic of navigating financial conversations and decisions with aging parents. Cameron shares key insights into why these discussions are crucial, how to approach them with love and respect, and practical strategies to initiate meaningful dialogues. We discover the importance of estate planning documents, ways to involve siblings harmoniously, and the significance of long-term care planning to ensure a secure future for both parents and their adult children. Tune in to gain valuable advice and actionable steps to foster open, productive conversations that empower families to address financial matters and caregiving needs with confidence and compassion. About Today's Guest Cameron Huddleston is an author, speaker and award-winning journalist with 20 years of experience writing about personal finance. Her work has appeared in Forbes, Kiplinger’s Personal Finance, Chicago Tribune, MSN, Yahoo, and many more print and online publications. She is a mom of three awesome kids and was a caregiver for her own mom, who had Alzheimer’s disease. She is the author of Mom and Dad, We Need to Talk: How to Have Essential Conversations With Your Parents About Their Finances.  Links Mentioned in Today's Episode Cameron Huddleston Website Cameron Huddleston on LinkedIn Cameron Huddleston on X Cameron Huddleston on Instagram Mom and Dad, We Need to Talk YFP 161: 5 Key Financial Lessons to Teach Your Kids YFP 108: How to Effectively Talk with Mom & Dad About Their Finances Episode 222: Why Estate Planning Is Such An Important Part of the Financial Plan YFP 296: 5 Key Decisions for Long-Term Care Insurance Subscribe to the YFP Newsletter YFP Financial Fitness Test YFP Disclaimer Tim Ulbrich on LinkedIn  

Summary Stacie Moltzan Loescher, PharmD paid off $345 000 of student loan debt in just five years and she joins us today to share her incredible journey to becoming debt-free! Tuning in, you’ll hear about the hard work and clear vision that led Stacie to the financial freedom she enjoys today. We unpack her process to aggressively repaying her loans, from working throughout pharmacy school and undergrad to paying off a car alongside her student debt. Stacie touches on how her childhood experiences impacted her approach to financial management as an adult, and reveals how she could sustain the momentum necessary to pay off the debt, before sharing powerful advice for graduates as they choose how to approach their own student debt. In closing, Stacie offers a glimpse into her future plans which are focused on building a net worth through side hustles and real estate investment. About Today's Guest Dr. Stacie Moltzan Loescher is a Pharmacist currently working in central processing for Albertsons Companies and is currently appointed as the Assistant Grand Vice President for Collegiate Affairs of the Phi Delta Chi Professional Pharmacy Fraternity. She attended Rosalind Franklin University of Medicine and Science where she received her Doctor of Pharmacy degree in 2017. During her career as a pharmacist, she has worked as Staff Pharmacist and Pharmacy Manager at multiple retailers throughout Wisconsin, Indiana, and Illinois. She has also served in multiple regional and national positions at Phi Delta Chi. She enjoys traveling, fishing, and fitness. Links Mentioned in Today's Episode Stacie Moltzan Loescher on LinkedIn Tim Ulbrich on LinkedIn YFP Disclaimer Subscribe to the YFP Newsletter

Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP®, RICP®, takes a question from an individual in the YFP Facebook Group. Submit Your Question: Have a question you would like us to feature on an upcoming episode? Send us an email at [email protected] or record your question at www.yourfinancialpharmacist.com/askyfp   Your Financial Pharmacist Disclaimer and Disclosures: 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 personal situation when answering a question. For more information visit https://yourfinancialpharmacist.com/disclaimer/

Summary Colin Carr got into real estate investing at the age of 18 and his approach of honing in on a very specific niche has served him well. His company, CARR, currently operates in over 45 states, and has helped more than 4,200 healthcare providers or practices across the country to close commercial real estate deals. Although commercial real estate is more complicated than residential real estate, as Colin explains, if you’re willing to take the plunge and learn the ropes, it will be well worth it! Tune in to this episode to hear about it all, from what the due diligence process in the commercial real estate space looks like, to your financing options to the length of time you can expect to wait before closing a deal. The market may be softer than it has been in recent years, but Colin believes there are still some incredible opportunities out there to pursue. About Today's Guest Colin Carr began his real estate career at the age of 19 by managing multi-family apartment complexes in the greater Lansing, Michigan area. Colin moved to Denver, Colorado in his early twenties and continued in property management, where he managed several mid and high-rise apartment complexes near downtown Denver. He received his broker’s license at 23 and began representing local, regional, and national companies with their commercial real estate needs. Initially, Colin represented both landlords, sellers, tenants, buyers, and investors across a broad spectrum of commercial real estate specialties, including: office, industrial, retail, land, and investment real estate. After almost a decade of real estate experience that spanned numerous areas of exposure, and with several hundred completed real estate transactions on his resume, Colin was drawn to the Healthcare field and began focusing exclusively on healthcare related transactions. In a short period of time, Colin realized he was having more impact and influence representing healthcare providers while enjoying the results of ‘helping people who help people’ beyond any area of real estate he had ever been involved in. Links Mentioned in Today's Episode CARR CARR on LinkedIn  CARR on Facebook CARR on Instagram CARR on YouTube YFP Real Estate Investing Website YFP Real Estate Investing Facebook Group  

Summary Today’s edition of our Pharmacy Innovators series is filled with vital information for pharmacy entrepreneurs on how to expertly navigate the risks involved with leaving the W2 world behind. In today’s episode, host Dr. Corrie Sanders sits down with the Founder of Perfecting Peds, Dr. Jena Quinn, PharmD, BCPPS, to discuss Jena’s transition from working 9-5 to running her own consulting business that is focused on medication management in complex pediatric patients. Our guest explains the role that her family played in her decision to take up pharmacy, how and why she made the pivot to pediatrics, what inspired her to break free from her W2 job, and how she benefited from being willing to branch into a new industry (cosmetics sales). Dr. Jena then shares why she is not too concerned about AI in pharmacy before diving into how she built her company’s team, how she uses the various social media platforms, why she chooses to always lead with authenticity, and what it was like for her to take on a new business challenge as a pregnant mother of two. This powerful conversation is filled with advice and strategies for those who are contemplating a non-traditional career path, and Dr. Jena explains everything she loves about being a business owner and pharmacy entrepreneur!     About Today's Guest Jena Quinn, PharmD, BCPPS, is an expert pediatric pharmacist. She developed the vision for Perfecting Peds based on her extensive background in medication management of pediatric population, personal love for children and her desire to optimize more children’s medical profiles.  She has 10 years of safe medication management and direct patient care experience in the pharmacy field with a wide-ranging background in developing, enhancing and managing clinical consulting programs.  Dr. Quinn earned both her Doctoral degrees with high honors from the Ernest Mario school of Pharmacy. She is a nationally Board-Certified Pediatric Pharmacist. She is also a mom to three adorable little girls, Hadley, Peyton and Avery. Links Mentioned in Today's Episode Dr. Jena Quinn on LinkedIn  Dr. Jena Quinn on Instagram  Perfecting Peds Perfecting Peds on Facebook  Rutgers University  GlaxoSmithKline  Thomas Jefferson University Hospital  Children's Hospital of Philadelphia  Rodan + Fields  MedActionPlan Corrie Sanders on LinkedIn  YFP Disclaimer Subscribe to the YFP Newsletter

YFP Director of Tax, Sean Richards, CPA, EA digs into what midyear tax projections are, why they matter, and specific examples where a midyear projection can help someone optimize their financial situation. We discuss the importance of adjusting withholdings, ensuring record keeping is up to date, common pitfalls business owners and side hustlers can avoid with a projection and tax considerations with student loan payments coming back online. Links Mentioned in Today's Episode Subscribe to the YFP Newsletter Sean Richards on LinkedIn   YFP 309: Top 10 Tax Blunders Pharmacists Make IRS Tax Withholding Estimator YFP Tax YFP Planning: Fee-Only Financial Planning for Pharmacists YFP Real Estate Investing Facebook Group Tim Ulbrich on LinkedIn YFP Disclaimer  

Episode Summary Welcome to our seventh installment of the case study series with Tim Baker, CFP®, RLP®, Kelly Reddy-Heffner, CFP®, CSLP®, CDFA®, and Angel Melgoza, MS CFP®. During this episode, we are sharing a fictitious case study with you about an engaged couple in their 20s. We delve into their finances, expenses, and their goals before discussing their assets, savings, investments, liabilities, and debt. Angel and Kelly discuss why they would tackle student loans before anything else in this couple’s financial plan, how recent changes announced to student loans will impact their loan repayment strategy, how marriage, children, and other big life events affect financial planning, and the importance of emergency funds and savings. Finally, we talk about why wealth protection is so important and why we see clients struggle with that the most. Links Mentioned in Today's Episode YFP Planning: Fee-Only Financial Planning for Pharmacists Kelly Reddy-Heffner on LinkedIn Angel Melgoza on LinkedIn Tim Baker on LinkedIn YFP Planning: Fee-Only Financial Planning for Pharmacists YFP Disclaimer Subscribe to the YFP Newsletter

Summary Are you looking to make a shift in your investing, but you’ve come upon some questions that you’re looking for advice on? On this episode, we welcome back Mariah Pierce, PharmD, who reached out to us with a few questions as she prepares to make a shift in her investing. We talk about her new prospective investment options, and we dive into a quick explanation of the FHA 203K loan. We then discuss and share thoughts on her three major questions in preparation for her investment shift. About Today's Guest Mariah Pierce, PharmD is a managed care pharmacist and works at a health plan in central Illinois. She is the co-founder of MeRiah Transportation and hopes to start many other ventures in the future. She enjoys all things business, audiobooks, and has a love for entrepreneurship. Mariah is an out-of-the-box thinker finding ways to make money and make a difference. Links Mentioned in Today's Episode Mariah Pierce on LinkedIn YFP REI Episode 30: Short-Term Rental House Hacking Your Financial Pharmacist YFP Real Estate Investing Facebook Group  

Summary Buying a home can be a daunting, exciting, and overwhelming experience. On this weeks podcast, sponsored by Real Estate RPh, we are joined by Neal and Kaitie Fox to discuss how they went about buying their first home. Neal is a pharmacist and Kaitie is a stay-at-home mom, and in this episode, they tell us what made them decide to buy a house when they did, what they would say to someone wanting to purchase their first home, and how interest rates and other aspects played a role in their decision. They delve into how they chose a financial lender and why they decided to change who they financed their house with at the last minute before explaining how YFP assisted them in this process. When looking for a real estate agent, it is important that you find someone who takes your needs into consideration and communicates effectively, and Neal and Kaitie explain why they decided to change agents early on in their journey. Finally, our guests remind us to use our resources wisely and ask as many questions as possible when buying a home. About Today's Guests Neal and Kaitie travelled from their hometown of Coshocton, OH to attend Cedarville University in 2011. A year later they married at age 19 and began their joint financial adventure. Kaitie began working at the University food service contractor and eventually became the Head Baker, supporting the family through pharmacy school and until the birth of their second son. Now, Kaitie is home raising Timothy, 5, and David, 1, while Neal works. Neal completed his PharmD at Cedarville and a PGY1 residency at Premier Health Miami Valley Hospital, a Level 1 Trauma Center with over 950 licensed beds and over 110 adult ICU beds. He currently serves as one of the Medical ICU Clinical Pharmacy Specialists and the Research Project Coordinator for the PGY1 pharmacy residency program. He occasionally gives lectures or hands-on training at Cedarville University while also taking APPE students from several pharmacy schools throughout the year. Links Mentioned in Today's Episode Neal Fox on LinkedIn Neal Fox on Twitter Kaitie Fox on Twitter Real Estate RPH Nate Hedrick on LinkedIn YFP Planning: Fee-Only Financial Planning for Pharmacists YFP Real Estate Investing Facebook Group YFP Disclaimer

About Today’s Guest Rachel Cruze is a two-time #1 national best-selling author, financial expert, and host of The Rachel Cruze Show. Since 2010, Rachel has served at Ramsey Solutions, where she teaches people to avoid debt, save money, budget, and how to win with money at any stage in life. She’s authored three best-selling books, including her latest, Know Yourself, Know Your Money: Discover WHY You Handle Money the Way You Do and WHAT to Do About It. Follow Rachel on Twitter, Instagram, Facebook, and YouTube or online at rachelcruze.com. Summary National best-selling author and financial expert, Rachel Cruze, joins Tim Ulbrich to discuss her newest book, Know Yourself, Know Your Money: Discover WHY You Handle Money the Way You Do and WHAT to Do About It. Tim and Rachel delve into various portions of the book, highlighting specific lessons and concepts relatable to pharmacists, parents, and anyone interested in learning more about themselves and their relationship to their finances. Rachel walks listeners through “Discovering Your Personal Money Mindset,” including how we form our ideas about money and how we learn to handle money as we do through “Your Childhood Money Classroom.” Rachel goes through the four money classrooms. She reminds us that regardless of the quadrant that you grew up in, you can choose your quadrant from this point forward. Rachel outlines seven money tendencies, how they not only impact your financial picture, and how these tendencies affect interpersonal relationships with significant others. Tim and Rachel share an earnest discussion about money fears, detailed in Chapters 5 and 6 of the book. They close with an eye-opening discussion on part 2 of the book, focusing on the “Power of Contentment.” Rachel shares how contentment changes your motivation for spending. She explains a practical exercise for determining what brings you joy and demonstrates how learning where and how you find happiness allows you to focus your spending on what is truly important to you. Mentioned on the Show The Rachel Cruze Show Know Yourself, Know Your Money by Rachel Cruze Dave Ramsey’s 7 Baby Steps Ramsey Solutions RachelCruze.com Follow Rachel Cruze on Instagram: @rachelcruze Connect with Rachel Cruze on Facebook Subscribe to The Rachel Cruze Show on Youtube Follow Rachel Cruze on Twitter: @RachelCruze  

Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP®, RICP®, takes a question from Sarah in the YFP Facebook Group who asks about considerations with kids 529 accounts in the midst of a divorce. Mentioned on the Show: YFP Episode 211: The Ins and Outs of the 529 College Savings Plan 7 Things to Consider Before Starting a 529 Plan YFP Planning: Financial Planning for Pharmacists Record your questions here or send them via email to [email protected] Your Financial Pharmacist Disclaimer and Disclosures: 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 personal situation when answering a question. For more information visit https://yourfinancialpharmacist.com/disclaimer/ 

Episode Summary No matter where you are in your career journey, it’s never too early to start optimizing your retirement plan. One important factor to consider when building your retirement paycheck is Required Minimum Distributions (RMDs). RMDs refer to the minimum amount that you must withdraw from certain retirement accounts each year after reaching a certain age. On this week’s episode, YFP’s Co-founder and Director of Financial Planning, Tim Baker, CFP®, RICP®, RLP® unpacks the many intricacies of RMDs, like which accounts demand RMDs, which ones don’t, and what to consider when planning how to build your retirement paycheck. You’ll learn about how RMDs are calculated, the penalties you can expect when you don’t fulfill RMD requirements, how to optimize and reduce the impact of RMDs, and why optimizing your retirement strategy starts in the accumulation phase. Links Mentioned in Today's Episode Free Checklist: What Issues Should I Consider When Reviewing My Investments? YFP 313: 4 Reasons Your Financial Planner Should Manage Your Investments  Book a Free Discovery Call: YFP Planning Subscribe to the YFP Newsletter YFP Disclaimer

Summary Venturing into real estate is often a carefully formulated plan backed by a healthy savings account. But as today’s guest has proven through his real estate journey, sometimes it’s best to jump straight in with both feet! Khoa Nguyen is a pharmacist and real estate investor from Vietnam who has now settled in Oklahoma City as the Founder, CEO, and Managing Partner of KNN Capital Partners. After catching the real estate bug in college, Khoa describes his first deal and what he learned from the experience. We learn how and why he pivoted to multifamily, the benefits of investing in multifamily that can’t be found in single-family, where and how to find multifamily deals, and Khoa’s method for evaluating the best multifamily deals. We also discuss the ins and outs of syndication, the roles of a general partner versus a limited partner, what’s important when vetting different syndicators, and how interest rates affect property evaluations. About Today's Guest Khoa Nguyen, PharmD founded KNN Capital Partners based in Oklahoma focusing on Multifamily acquisitions and investor relations. With a strong background in leadership and analyzing numbers, Khoa excels at underwriting deals as well as building power teams. Khoa led his team to become a trusted “boot on the ground” partner in Oklahoma. Khoa has used his sharp skills to find different solutions to acquire the properties, maximize investors’ return, and execute the project plan within expected timeline. With a medical background, Khoa has created a rapidly growing medical community, exclusively for pharmacists, that focuses on multifamily investing where he helps many of his fellow pharmacists build up their passive income to achieve financial freedom. Together with his trusted partners and investors, KNN Capital Partner currently owns and operates a total of 170 units. Links Mentioned in Today's Episode Khoa Nguyen on LinkedIn KNN Capital Partners  KNN Capital Partners on Facebook PharmD to Freedom on Facebook  ‘YFP REI 49: Scaling Big from a Single Family House with the Flying Investor’  ‘YFP REI 53: Understanding and Vetting Syndications with Senate Eskridge’  Danny Mah  Rich Dad Poor Dad Your Financial Pharmacist YFP Real Estate Investing Facebook Group  

Episode Summary Financial planners often get a bad reputation because people either don’t trust them or they feel like planners are a waste of time — they could be doing the job themselves. So on today’s episode, sponsored by First Horizon, YFP’s Co-founder & Director of Financial Planning, Tim Baker is here to discuss the four reasons why having a financial planner is crucial for managing your investments. From our conversation, you’ll gain a better understanding of the type of accounts that a financial planner could manage on your behalf, what an Investment Policy Statement (IPS) is, and why it’s vital for your financial plan. Then, we dive into the 4 reasons why, if it is the right fit, having a financial planner manage your investments is a good idea. Spoiler alert…hiring a financial planner to beat the market didn’t make the list! Links Mentioned in Today's Episode ‘What Issues Should I Consider When Reviewing My Investment’  ‘YFP 275: How to Build a Retirement Paycheck’  ‘YFP 213: 5 Investing Considerations for a Volatile Market’  Investing for Dummies YFP Planning: Fee-Only Financial Planning for Pharmacists YFP Disclaimer Tim Baker on LinkedIn Tim Baker on Twitter Tim Ulbrich on LinkedIn First Horizon’s Pharmacist Home Loan Subscribe to the YFP Newsletter

Episode Summary Navigating the world of financial advice can be a tricky thing. You’re often confronted with baffling jargon, an overwhelming amount of choice, and a lack of transparency, which will typically leave you feeling more confused than when you started. Here to help us unpack these topics today is YFP team member, Justin Woods, PharmD, MBA who has had over 350 financial conversations with pharmacists! We talk with Justin about why pharmacists tend to be skeptical when it comes to hiring a financial planner, the various terms and titles used in the financial services industry, and what outcomes you should expect as part of the financial planning process. Tuning in you’ll learn about key factors that hold people back from pursuing financial advice — like previous negative experiences — as well as an overview of how the financial services industry has changed over the years, and how this impacts clients. We also discuss key terms, like “fiduciary”, and how understanding their implications can help you navigate the industry, before unpacking the four factors of financial decision-making and how planning can help you live a rich and meaningful life.  Links Mentioned in Today's Episode Webinar: A Pharmacists Perspective And Evaluation of the Practice of Financial Planning YFP 250: 10 Takeaways from 50 Financial Conversations with PharmacistsSeven Figure PharmacistYFP 208: Why Minimizing Fees On Your Investments Is So Important Unshakeable by Tony Robbins  John Oliver Fiduciary Justin Woods on LinkedIn Justin Woods on Twitter Pyrls YFP Planning: Fee-Only Financial Planning for Pharmacists YFP Disclaimer Subscribe to the YFP Newsletter

Summary Less than half of parents feel confident in what they are teaching their children about money. Even fewer regularly discuss money with their kids. Julia Myers is a practicing pharmacist and pharmacy leader at the University of Missouri Healthcare. During this episode, sponsored by First Horizon, we discuss how the type of money household you grew up in influences your financial management today. We explore strategies to teach your children about money across the full spectrum of ages, from early childhood to young adulthood. Julia weighs in on the loss of generational wealth, why mistakes are the best teachers, and how self-reflection can lead you to better equip your children to build their financial futures. Throughout the show, Julia offers practical tips on approaching money conversations with your family and empowering your children. About Today's Guest Julia Myers is a practicing pharmacist and pharmacy leader at the University of Missouri Health Care in Columbia, Missouri. Julia received her Doctor of Pharmacy degree from the University of Wyoming School of Pharmacy and her Masters in Business Administration from the University of Tennessee- Knoxville. Her 15-year career encompassed clinical and leadership roles in community pharmacy, ambulatory care, health system, and specialty pharmacy. In 2020, Julia was recognized as a member of the Class of 20 Under 40 by Columbia Magazine for her achievements in medication affordability, specialty pharmacy, and overall community impact. After experiencing a life-changing medical event, Julia semi-retired in May 2022 and is now pursuing her best life focusing on family, lifelong learning, and travel. Julia enjoys spending time outdoors, reading and writing, and raising 5 children with her husband Brad. Follow her on social @Juliamyersrx Links Mentioned in Today's Episode Julia Myers Julia Myers on LinkedIn Julia Myers on Twitter University of Missouri Healthcare First Horizon Bank 5 Easy Steps to Get a Home Loan Dave Ramsey Robert Kiyosaki YFP Planning: Fee-Only Financial Planning for Pharmacists YFP Disclaimer 5 Family Financial Conversation Starter Questions Subscribe to the YFP Newsletter  

Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP®, RICP®, takes this question from Keith in Ohio: What's the catch with these new savings accounts that have 4%+ APY? Mentioned on the Show: YFP Planning: Financial Planning for Pharmacists Record your questions here or send them via email to [email protected] Your Financial Pharmacist Disclaimer and Disclosures: 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 personal situation when answering a question. For more information visit https://yourfinancialpharmacist.com/disclaimer/ 

Summary On this episode of YFP Real Estate Investing Podcast, co-hosts David Bright and Nate Hedrick provide a mid-year check on the REI market, including how they are evaluating opportunities and what they are seeing in their own real estate portfolio. They discuss how the 1% rule applies in today’s market, considerations for converting your primary residence into a rental, and how future mortgage qualifications are affected by past and present properties you own and have owned. Links Mentioned in Today's Episode YFP Real Estate Investing Property Analysis Spreadsheet Free Download YFP Real Estate Investing Episode 50: Deep Dive into Spreadsheet Analysis  YFP Real Estate Investing Episode 41: Deep Dive: Repairs and Capital Expenditures YFP Real Estate Investing  YFP Real Estate Investing Facebook Group Nate Hedrick on Instagram Nate Hedrick on Facebook Real Estate RPH David Bright on Instagram David Bright on Twitter David Bright on Facebook

Episode Summary On this week’s episode of the YFP Podcast, we tackle getting your estate plan buttoned up. We’re joined by Tim Baker, CFP®, RICP®, RLP®, Co-Founder of Your Financial Pharmacist, to talk about estate plan preparations. We go through why it’s important to plan your estate, what an estate plan includes, and what happens if you do not have one in place. Tim then shares his thoughts and insights on three action areas; documentation, beneficiaries, and legacy folders. Links Mentioned in Today's Episode American Pharmacists Association Caring.com’s 2023 Wills Survey Episode 222: Why Estate Planning is Such an Important Part of the Financial Plan I’ve Still Got Me: A Widow's Journey to Love, Happiness & Financial Independence YFP Planning: Fee-Only Financial Planning for Pharmacists YFP Disclaimer Tim Baker on LinkedIn Tim Ulbrich on LinkedIn Subscribe to the YFP Newsletter  

Episode Summary The tax filing deadline is behind us so time to sit back and relax, right?! As YFP Director of Tax, Sean Richards, CPA, EA, tells us today, it’s important we are keeping tax front of mind year-round to avoid common blunders that show up during tax filing season. During this episode, Sean outlines ten of the most common mistakes he saw pharmacists make throughout the tax season including his thoughts on how year-round planning can help mitigate these mistakes. About Today's Guest Sean Richards, CPA, EA, received his undergraduate degree in Corporate Finance and Accounting, as well as his Master of Accountancy, from Bentley University in Waltham, MA. Sean has been a Certified Public Accountant (CPA) since 2015 and received his Enrolled Agent certification earlier this year. Prior to joining the YFP team, Sean was the Senior Treasury Manager at PRA Group, a global debt buyer based in Norfolk, VA. He began his career at American Tower Corporation where, over 10 years, he held several positions in audit, treasury, and accounting. As the Director of YFP Tax, Sean focuses on broadening the company’s existing tax planning and preparation operations, as well as developing and launching new accounting offerings, including bookkeeping, payroll, and fractional CFO services. Links Mentioned in Today's Episode Subscribe to the YFP Newsletter YFP Comprehensive Tax Planning Service Sean Richards on LinkedIn RITA Inflation Reduction Act (IRS) Most Common Tax Mistakes (Made by Pharmacists) Download First Horizon Pharmacist Home Loan Requirements YFP Disclaimer

Episode Summary If we don’t earmark our cash for specific items, we’re very likely to spend it. In this YFP Planning Case Study, Tim Baker, CFP®, RLP®, Kelly Reddy-Heffner, CFP®, CSLP®, CDFA®, and Angel Melgoza, MS CFP® use a hypothetical couple (Joe and Jane Script) to discuss balancing retirement savings with a major purchase and education planning. After being provided with an overview of the couple’s finances and their goals for the future, Kelly and Angel pick apart their investment approach and offer advice for how they could make it more sound. From the importance of saving with the intention of avoiding getting hit with a surprise tax bill, this episode will make you think more deeply about the way you approach your financial plan! Links Mentioned in Today's Episode RightCapital YFP Planning: Fee-Only Financial Planning for Pharmacists YFP Disclaimer Tim Baker on LinkedIn Angel Melgoza on LinkedIn Kelly Reddy-Heffner on LinkedIn Subscribe to the YFP Newsletter  

Summary Danny Mach, PharmD joins the YFP Real Estate Investing Podcast to talk about his journey from purchasing his first single-family home in 2019 to growing his portfolio to include four single-family homes and being a partner in an 11-duplex deal. During this episode, you’ll hear about Danny’s career track in pharmacy, how and why he got started in real estate investing, and the lessons he has learned along the way. Finally, Danny explains the importance of prioritizing your pharmacist job, shares his love for Bigger Pockets, and reminds us to take action!  About Today's Guest Daniel Mach, PharmD is a clinical informatics pharmacist and a small-time real estate investor who is on a mission to achieve financial freedom. After graduating from the University of Oklahoma College of Pharmacy in 2017, Danny dove headfirst into the world of healthcare. At the time, he did not have any interest in real estate investing but wanted to explore other avenues for building wealth and achieving financial stability. His drive to work was over an hour one way and he decided to make good use of that time by educating himself through podcasts including BiggerPockets. This led him to the world of real estate investing, where he purchased his first single-family home in 2019. Since then, he has grown his portfolio to include four single-family homes and partnered with other investors on an 11-duplex deal. While he still considers himself a small-time investor, he’s incredibly proud of the progress he has made in building a profitable portfolio that supports his long-term financial goals. Links Mentioned in Today's Episode Daniel Mach on LinkedIn Daniel Mach Email Address Daniel Mach on Instagram (@dannymach) Bigger Pockets YFP Real Estate Investing Website YFP Real Estate Investing Facebook Group  

Summary On this episode of The Pharmacy Innovators segment of the YFP podcast, sponsored by First Horizon, Dr. Izabella Wentz (The Thyroid Pharmacist) joins Dr. Corrie Sanders. Izabella is a pharmacist turned business owner and best-selling author. After being diagnosed with Hashimoto's disease, Izabella took steps to turn her own questions into an answer for others, founding two companies, and writing three books! About Today's Guest Izabella Wentz, PharmD, FASCP, is an internationally acclaimed thyroid specialist and a licensed pharmacist who has dedicated her career to addressing the root causes of autoimmune thyroid disease after being diagnosed with Hashimoto’s thyroiditis in 2009. She is the author of three books on Hashimoto’s: Hashimoto’s Thyroiditis Lifestyle Interventions for Finding and Treating the Root Cause, Hashimoto’s Food Pharmacology, and Hashimoto’s Protocol, which became a #1 New York Times bestseller. Links Mentioned in Today's Episode YFP Home Loan Page: 5 Easy Steps to Get a Home Loan Thyroid Pharmacist Izabella Wentz on Instagram Adrenal Transformation Protocol The Thyroid Secret Hashimoto's Protocol Rootcology Dr. Mark Hyman GSK Morningstar IFM  A4M Dr. Alan Christianson JJ Virgin Mindshare Collaborative HarperOne YFP Planning: Fee-Only Financial Planning for Pharmacists YFP Disclaimer  

Episode Summary Investing your money is one thing, but people often overlook the fact that they should also be investing in themselves. An article in the Wall Street Journal in late 2022 suggested that “The Best Investment to Make in 2023 Is in Yourself” and that people should treat their own career development like they do their investment portfolios. To discuss this, we are joined by Erin Albert, PharmD, JD, MBA. Erin is the vice president of pharmacy relations and the chief privacy officer at Mark Cuban Cost Plus Drug Company. In addition to being a pharmacist, she's an attorney, author, and podcaster. She explains the concept of investing in oneself by building a portfolio of how we spend our time and money and how she applies this to her own life. She talks about the five categories that make up her professional development portfolio, how often she revisits this framework, and what it looks like to pay herself dividends along the way. She also talks about what she looks for in education and training programs and how her personal brand and network have accelerated the achievement of her goals.  About Today's Guest Erin L. Albert is Vice President of Pharmacy Relations and Chief Privacy Officer at Mark Cuban Cost Plus Drug Company, PBC. She is both a pharmacist and an attorney. Prior to joining Mark Cuban, she worked in a variety of pharmacy roles, including pharmacy benefits, taught pharmacy students at Butler University College of Pharmacy and Health Sciences for over a decade, served as a director of content for two different ACPE accredited Continuing Pharmacy Education programs, consulted in both fee for service and managed care Medicaid, worked in the pharmaceutical industry in a variety of roles—(including pharmacovigilance, clinical trials, medical affairs, and medical marketing), and in community practice pharmacy as a staff pharmacist and pharmacist-in-charge. She is also a freelance writer and author of over a dozen books, and podcaster (at The Edutainer Podcast.) Links Mentioned in Today's Episode Erin Albert    Mark Cuban Cost Plus Drugs Company   Shark Tank “The Best Investment to Make in 2023 Is in Yourself”  Book: Find Your Unicorn Space by Eve Rodsky] Book: Strengths Finder by Don Clifton The Team Cuban Card  Survey: Team Cuban Benefits Card YFP Planning: Fee-Only Financial Planning for Pharmacists YFP Disclaimer  

Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP®, RICP®, takes this question from Daphne in Madison, Wisconsin: How can I best prepare for an unexpected major health challenge? Mentioned on the Show: YFP Planning: Financial Planning for Pharmacists Record your questions here or send them via email to [email protected] Your Financial Pharmacist Disclaimer and Disclosures: 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 personal situation when answering a question. For more information visit https://yourfinancialpharmacist.com/disclaimer/ 

In over 300 episodes of Your Financial Pharmacist, we haven’t covered much about annuities and today, Tim Baker, CFP®, RICP®, RLP® joins Tim Ulbrich, PharmD to do just that. On this episode, sponsored by First Horizon, you’ll hear all about what annuities are, the main types and how they differ, common misunderstandings, fees associated with annuities, and how they can assist with building a retirement paycheck through the flooring strategy. Links Mentioned in Today's Episode First Horizon’s Pharmacist Home Loan   LIMRA: 2022 US Retail Annuity Sales Shatter Annual Sales Records Set in 2008 YFP Episode 275: How to Build a Retirement Paycheck YFP Episode 242: Social Security 101: History, How it Works, and Why it Matters YFP 294: 10 Common Social Security Mistakes to Avoid Immediate Annuities Website YFP Planning: Fee-Only Financial Planning for Pharmacists YFP Disclaimer Tim Baker on LinkedIn Tim Baker on Twitter Tim Ulbrich on LinkedIn Tim Ulbrich on Twitter  

Alex Cartwright, PhD, an associate professor of economics and managing partner at Vilicus Capital, discusses strategies for navigating today's real estate market, why he is making a move toward syndication, and why clenching onto tools won’t necessarily help you get to where you want to go.  Links Mentioned in Today's Episode: Alex Cartwright on LinkedIn Alex Cartwright on Twitter Vilicus Capital Open Door Capital Bigger Pockets Podcast Brandon Turner Apartment Investing Podcast Range Episode 26 Senate Eskridge Episode 53 Senate Eskridge Episode 24 Savannah Arroyo Epiosde 21 Ketan Patel Robert Kiyosaki Grant Cardone  

Havalee Johnson, pharmacist and Founder of Immigrant PharmAssist, shares how and why she made the move from Jamaica to Canada, how her business helps immigrant pharmacists transition into their careers in Canada, and her business goals. Links Mentioned in Today’s Episode YFP Planning: Fee-Only Financial Planning for Pharmacists John Assaraf Dr. Lauren Castle on LinkedIn  Tim Ferris  The Big Leap by Gay Hendricks Purpose is More Than a Side Hustle by Joe Colavito The Redefining Wealth Podcast Havalee Johnson Havalee Johnson on Instagram Havalee Johnson on LinkedIn  Havalee Johnson on Facebook Tim Ulbrich on LinkedIn YFP Disclaimer

Dr. Donisha Lewis talks about her debt-free journey, why and how she got involved in real estate investing, and how she and her husband got on the same page to achieve their financial goals.  Links Mentioned in Today’s Episode YFP Planning: Financial Planning for Pharmacists Schedule a free Discovery Call with YFP Planning YFP Budget Spreadsheet  Mint YNAB YFP Real Estate Investing Your Financial Pharmacist Disclaimer and Disclosures  

Tony Umholtz talks about navigating the mortgage market, important factors home buyers should understand when evaluating lending options, the anatomy of a home loan, and when to engage with a lender in the home-buying process.  Links Mentioned in Today’s Episode Learn More About First Horizon’s Pharmacist Home Loan and Start the Pre-Approval Process YFP Planning: Financial Planning for Pharmacists Schedule a free Discovery Call with YFP Planning 5 Steps to Getting a Home Loan Apply for the Pharmacist Home Loan Your Financial Pharmacist Disclaimer and Disclosures  

Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP®, RICP®, takes this question from Melanie in Orlando, FL: What investment options do I have for my child outside of a 529 account? Mentioned on the Show: YFP Planning: Financial Planning for Pharmacists Schedule a free Discovery Call with YFP Planning YFP 202: How to Teach Your Kids About Money and Investing Investing for Kids: How to Save, Invest and Grow Money by Dylin Redling and Allison Tom Smart Money Smart Kids - Raising the Next Generation to Win with Money by Dave Ramsey and Rachel Cruze The Opposite of Spoiled: Raising Kids Who Are Grounded, Generous, and Smart About Money by Ron Lieber Join the Your Financial Pharmacist Facebook Group Send in your questions here or to [email protected] Your Financial Pharmacist Disclaimer and Disclosures 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 personal situation when answering a question.

Josh Schaendorf, an experienced loan officer, shares insight and updates on lending options available to pharmacist real estate investors.  Links Mentioned in Today’s Episode Findabroker.com Ramsey Solutions Ninja Selling: Subtle Skills. Big Results. by Larry Kendall Financial Peace: Restoring Financial Hope to You and Your Family by Dave Ramsey The Total Money Makeover: A Proven Plan for Financial Fitness by Dave Ramsey EntreLeadership: 20 Years of Practical Business Wisdom from the Trenches by Dave Ramsey Everyday Millionaires by Chris Hogan Call Josh Schaendorf: (616)402-3998 Email Josh Schaendorf: [email protected] YFP Real Estate Investing Join the YFP Real Estate Investing Facebook Group Your Financial Pharmacist Disclaimer and Disclosures  

Riley Protz, PharmD, MBA, a pharmacist on the FIRE journey since completing pharmacy administration residency training, discusses his career journey, student loan philosophy, and pathway to financial independence while living a rich and fulfilling life.  Links Mentioned in Today’s Episode YFP Planning: Financial Planning for Pharmacists Schedule a free Discovery Call with YFP Planning YFP Early Payoff Calculator YFP 104: Jason Long's FIRE Journey YFP 111: How One New Practitioner is on FIRE YFP 134: One Couple’s Coast FI Journey YFP 147: How One Pharmacist is Turning Tragedy Into Triumph YFP 202: How to Teach Your Kids About Money and Investing YFP 221: One Pharmacy Entrepreneur’s Journey to FIRE FIRE Rx: The Pharmacist’s Guide to Financial Independence by Jeff Keimer, PharmD The FIRE Prescription: How to Retire Early as a Pharmacist YFP 188: Playing with FIRE: An Interview with Scott Rieckens Die With Zero: Getting All You Can from Your Money and Your Life by Bill Perkins YFP Real Estate Investing Mad Fientist Mr. Money Mustache Choose FI Podcast The Earn & Invest Podcast Afford Anything Podcast Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence by Vicki Robin and Joe Domingues The Simple Path to Wealth: Your road map to financial independence and a rich, free life by JL Collins Your Financial Pharmacist Disclaimer and Disclosures  

On this episode, YFP Co-Founder & CEO, Tim Ulbrich, PharmD, and YFP Co-Founder & Director of Financial Planning, Tim Baker, CFP®, RLP®, RICP®, celebrate the 300th episode of the Your Financial Pharmacist Podcast! From student loan repayment strategies and investment planning to wealth protection and entrepreneurship, this podcast has strived to provide valuable insights and practical advice to help pharmacists achieve their financial goals each week. Tim and Tim reflect on some of the most memorable moments and guests from the past 299 episodes. Links Mentioned in Today’s Episode Join APhA – Get 25% Off Your Membership with Code: YFP YFP 001: The Genesis of the Your Financial Pharmacist Podcast YFP 031: One Pharmacist’s Journey to Paying Off $211k in 26 Months Your Financial Pharmacist YFP 134: One Couple's Coast FI Journey Die With Zero: Getting All You Can from Your Money and Your Life by Bill Perkins YFP 227: Why Tim Baker, CFP® Bought a Depreciating Asset  YFP 215: Know Yourself, Know Your Money with New York Times Bestseller Rachel Cruze YFP 289: Building Pricklee with Pharmacy Entrepreneur Kun Yang YFP 180: How Allyson Used Her Pharmacy Skills to Build a Natural Skincare Company YFP 194: How Karine Used Her Pharmacy Skills to Create a Successful Healthy Dessert Business  YFP 293: Employee to Entrepreneur with Dr. Victoria Reinhartz YFP 217: How Kelley Used Her Clinical Expertise to Build a Business YFP 276: Why Giving, Philanthropy, and Serving Are Core Parts of This Pharmacist’s Financial Plan YFP 297: Introducing The Pharmacy Innovators with Corrie Sanders of Huna Health Send in your ideas and guest suggestions to: [email protected] Your Financial Pharmacist Disclaimer and Disclosures  

Nate Hedrick, PharmD, The Real Estate RPh and co-host of the YFP Real Estate Investing Podcast, discusses home buying for pharmacists, how to determine if you are ready, how to find an agent, and much more.  Links Mentioned in Today’s Episode Real Estate RPh YFP Real Estate Concierge Service Book Your Free Jumpstart Call Three Strategies for Buying a House with Student Loans Email Nate Hedrick: [email protected] YFP Real Estate Investing Podcast Homebuying Resources Your Financial Pharmacist Disclaimer and Disclosures  

In episode 100 of the YFP Real Estate Investing Podcast, Nate Hedrick, PharmD, and David Bright, PharmD, MBA, BCACP, FAPhA, FCCP, reflect on the first 99 episodes, announce a new release schedule, and share details about the next season of the podcast featuring a continuing education style format.  Links Mentioned in Today’s Episode Join the YFP Real Estate Investing Facebook Group YFP Real Estate Investing 03: Running the Rental Numbers with Blake and Zac YFP Real Estate Investing 62: Revisiting Fundamentals in a Changing Real Estate Market YFP Real Estate Investing 07: Short and Medium-Term Rental Property Investing YFP Real Estate Investing 76: Short Term Rental Market Update with Rachel Gainsbrugh YFP Real Estate Investing 14: Protecting Your Investments YFP Real Estate Investing Your Financial Pharmacist Disclaimer and Disclosures  

Dean Emeritus Dr. Gary Levin dives into the details of preparing for retirement. He shares how his career evolved from serving in the Navy to a career in pharmacy and then nearly 30 years in academia. He talks through how early investing and saving in his first job laid the foundation for his retirement, how he dealt with market volatility throughout his career, and why he started a charter company in retirement to supplement his income.  Links Mentioned in Today’s Episode YFP Planning: Financial Planning for Pharmacists Schedule a free Discovery Call with YFP Planning The Advantaged: Yacht Charters & Sales ZenBusiness Your Financial Pharmacist Disclaimer and Disclosures  

Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP®, RICP®, takes this question from Leighton in Boise, Idaho: How are 529 accounts affected by changes with the Secure Act 2.0? Mentioned on the Show: YFP Planning: Financial Planning for Pharmacists Schedule a free Discovery Call with YFP Planning YFP 211: The Ins and Outs of the 529 College Savings Plan 7 Things to Consider Before Starting a 529 Plan Send in your questions here or to [email protected] Your Financial Pharmacist Disclaimer and Disclosures 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 personal situation when answering a question.

Chris Caldwell, founder of Sell As You Are, shares helpful insight into building the mindset of a successful business owner, overcoming fear pharmacists often associate with real estate entrepreneurship, and the transformative power of expressing gratitude as an entrepreneur.  Links Mentioned in Today’s Episode Sell As You Are The Untethered Soul: The Journey Beyond Yourself by Michael A. Singer Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! By Robert T. Kiyosaki Connect with Chris Caldwell on LinkedIn YFP Real Estate Investing Join the YFP Real Estate Investing Facebook Group Your Financial Pharmacist Disclaimer and Disclosures  

YFP Co-Founder & CEO, Tim Ulbrich, PharmD, introduces the new series, The Pharmacy Innovators, designed for pharmacists navigating the entrepreneurial journey, featuring founder stories and strategies to help guide current and aspiring pharmacy entrepreneurs. In this first episode, Tim interviews Corrie Sanders, PharmD, before handing over the lead to her for the remainder of the series.  Links Mentioned in Today’s Episode Huna Health U.S. Small Business Administration: Small Business Development Centers (SBDC) Your Financial Pharmacist Disclaimer and Disclosures

Jenny White, PharmD, and Myke White, USAF, share their recent experiences in providing solutions in pre-foreclosure situations as real estate investors and their unique approach to ethical real estate investing utilizing assumable loans. Links Mentioned in Today’s Episode YFP Real Estate Investing 05: None to One: How to Get Your FIRST Investment Property YFP Real Estate Investing 43: How Jenny and Myke are Trading Up on Their Primary Residence Auction.com Forclosure.com RE CONNECT 2023 Deal Maker Live 2023 National Real Estate Investors Association Connect with Jenny White on Facebook Follow Jenny White on Instagram: @Investmentmindset_rx Join the Investment Mindset Book Club Facebook Group YFP Real Estate Investing Join the YFP Real Estate Investing Facebook Group Your Financial Pharmacist Disclaimer and Disclosures  

YFP Co-Founder & CEO, Tim Ulbrich, PharmD, is joined by YFP Co-Founder & Director of Financial Planning, Tim Baker, CFP®, RLP®, RICP®, to talk about long-term care insurance. During the show, they discuss what long-term care insurance does and does not cover, common misconceptions about long-term care policies, and five key considerations when purchasing a policy.  Links Mentioned in Today’s Episode YFP Planning: Financial Planning for Pharmacists Schedule a free Discovery Call with YFP Planning Lincoln Financial Group Study Finds Misconceptions and Confusion About the Increasing Need for Long-Term Care Planning in America YFP 108: How to Effectively Talk with Mom & Dad About Their Finances Your Financial Pharmacist Disclaimer and Disclosures  

Nate Hedrick, PharmD, and David Bright, PharmD, MBA, BCACP, FAPhA, FCCP, address routinely asked questions about when you do and do not need a realtor as a pharmacist investing in real estate. Links Mentioned in Today’s Episode YFP Concierge Service Book Your Free Jump Start Planning Call YFP Real Estate Investing YFP Real Estate Investing 22: Off Market Purchasing MLS Zillow Redfin realtor.com Join the YFP Real Estate Investing Facebook Group Your Financial Pharmacist Disclaimer and Disclosures

YFP Co-Founder & CEO, Tim Ulbrich, PharmD, is joined by YFP Co-Founder & Director of Financial Planning, Tim Baker, CFP®, RLP®, RICP®, to wrap up the two-part series on common social security mistakes to avoid. Links Mentioned in Today’s Episode YFP Planning: Financial Planning for Pharmacists Schedule a free Discovery Call with YFP Planning YFP 294: 10 Common Social Security Mistakes to Avoid (Part 1) YFP 242: Social Security 101: History, How it Works, and Why it Matters for Your Financial Plan Social Security Administration YFP Tax YFP 275: How to Build a Retirement Paycheck (Retirement Planning)  Your Financial Pharmacist Disclaimer and Disclosures  

Thomas Castelli, CPA, CFP®, a tax strategist and real estate investor, discusses the benefits of passive real estate investing for busy pharmacists and employing tax strategy to get the most out of your real estate investments from a tax perspective.  Links Mentioned in Today’s Episode Tax Smart Real Estate Investors Podcast Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert T. Kiyosaki Investopedia: Tax Reform Act of 1986 REPS 03: Strategies to Qualify as a Real Estate Professional & Busting the Myths of the Internet The Hands-Off Investor: An Insider’s Guide to Investing in Passive Real Estate Syndications by Brian Burke Left Field Investors Tax Smart Real Estate Investors Facebook Group YFP Real Estate Investing Join the YFP Real Estate Investing Facebook Group Your Financial Pharmacist Disclaimer and Disclosures