In this episode of Financial Clarity for Doctors, Corey and Rachelle check the accuracy of their crystal ball and try out some predictions for next year (even though they have proven they’re not great about it!).

Tune in to hear more about what they expect on:

Predictions may be fun, but as always, we try to make our plans based on the things we can control.  Things like how much we’re spending and how much we’re saving.  So have some fun, but make some solid plans as well!  To hear more, listen to the full episode.

For more financial planning tips from Corey and Rachelle, find them on social media!

Discussions in this show should not be construed as specific recommendations or investment advice. Always consult with your investment professional before making important investment decisions. Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Finity Group, LLC and Cambridge are not affiliated. Cambridge does not offer tax or legal advice.

In this episode of Financial Clarity for Doctors, our hosts Rachelle Vanderzanden and Corey Janoff chat through some upcoming changes to retirement savings rules. A handful of adjustments happen every year, but there are also some new updates coming up because of the Secure Act and the Secure Act 2.0.

Updates include:

For most people, retirement plans are one of the best ways to save on taxes.  Make sure you are using them to your advantage as much as possible!  To hear more, listen to the full episode.

For more financial planning tips from Corey and Rachelle, find them on social media!

Discussions in this show should not be construed as specific recommendations or investment advice. Always consult with your investment professional before making important investment decisions. Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Finity Group, LLC and Cambridge are not affiliated. Cambridge does not offer tax or legal advice.

In this episode of Financial Clarity for Doctors, Corey and Rachelle walk through when it makes sense to tackle home renovations (and when it doesn’t).  As always, think about your goals and the resources needed to achieve those goals.

Good examples of renovations include:

Downsides of renovating include:

A remodel can be enticing, especially when interest rates are high and getting into that next home may be out of reach.  But go into it with a very clear understanding that the process will have a lot of bumps in the road – more money, more time, more stress than you expect.  To hear more, listen to the full episode.

For more financial planning tips from Corey and Rachelle, find them on social media!

Discussions in this show should not be construed as specific recommendations or investment advice. Always consult with your investment professional before making important investment decisions. Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Finity Group, LLC and Cambridge are not affiliated. Cambridge does not offer tax or legal advice.

In this episode of Financial Clarity for Doctors, Corey and Rachelle talk about the pros and cons of paying extra on your mortgage.  When interest rates were lower, there was not a lot of incentive to pay down a very low-interest rate debt faster than necessary.  But with higher rates, it may make sense for you.

Some things to consider include:

The mortgage pay off sheet from the bank will give you a bad case of sticker shock.  No one likes to see that total interest paid amount.  But consider all of the ways you can productively use extra cash flow before deciding that paying down your mortgage is the right choice for you.  To hear more, listen to the full episode.

For more financial planning tips from Corey and Rachelle, find them on social media!

Discussions in this show should not be construed as specific recommendations or investment advice. Always consult with your investment professional before making important investment decisions. Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Finity Group, LLC and Cambridge are not affiliated. Cambridge does not offer tax or legal advice.

The economy is doing well, but if that’s the case, why do day-to-day expenses feel tight for so many people?  In this episode of Financial Clarity for Doctors, Corey and Rachelle tackle one expense that has been hit hard by inflation.  But why has home and auto insurance become so much more expensive?

In this episode, we tackle:

• The basic structure of home and auto insurance

• More expensive/larger homes and cars.

With underlying costs being higher, it makes sense that the insurance costs are also higher.  But you can shop around and structure your coverage in more efficient ways to reduce costs as much as possible.  Or you can drive a really old car to see if that helps!  To hear more, listen to the full episode.

For more financial planning tips from Corey and Rachelle, find them on social media!

Discussions in this show should not be construed as specific recommendations or investment advice. Always consult with your investment professional before making important investment decisions. Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Finity Group, LLC and Cambridge are not affiliated. Cambridge does not offer tax or legal advice.

In the midst of a housing shortage, Corey and Rachelle walk through some of the reasons housing has become so expensive in this episode of Financial Clarity for Doctors. Is it possible for this to get better in the future?

Some of the topics discussed include:

• Supply and demand for housing

• The influence of the 2008 housing crisis and the pandemic

Every location is different, and when making decisions about home ownership or renting, look at all the factors.  This can include things like how long you plan to own the home, where you are living, and the price of comparable rentals.  It is often assumed that buying is better, but that’s simply not the case every time.  To hear more, listen to the full episode.

For more financial planning tips from Corey and Rachelle, find them on social media!

Discussions in this show should not be construed as specific recommendations or investment advice. Always consult with your investment professional before making important investment decisions. Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Finity Group, LLC and Cambridge are not affiliated. Cambridge does not offer tax or legal advice.

In this episode of Financial Clarity for Doctors, Corey and Rachelle tackle planning for couples.  Whether you are working on moving in with someone, getting married, or separating after a long-term relationship, you will have some big financial decisions.  Open communication can be key, but what should you even be talking about?

Financial topics that affect couples include:

• The simple things like paying bills!

• What if you owned a house and then got married?

Just like with almost every relationship issue, talking openly about your current financial situation and your goals can be key to making sure there are not misunderstandings with your partner when it comes to money.  Many decisions about how to manage specifics are personal preference, but it’s great to get on the same page if possible.  To hear more, listen to the full episode.

For more financial planning tips from Corey and Rachelle, find them on social media!

Discussions in this show should not be construed as specific recommendations or investment advice. Always consult with your investment professional before making important investment decisions. Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Finity Group, LLC and Cambridge are not affiliated. Cambridge does not offer tax or legal advice.

Politics can certainly make life spicy and a little stressful!  But how should things like a presidential election affect your investment decisions?  Should they at all?  In this episode of Financial Clarity for Doctors, Rachelle Vanderzanden and Corey Janoff discuss some of the implications of investing during a presidential election year. 

In this episode you will hear about:

• A few basics on how the stock market functions, including everyone trying to use their crystal balls to guess what happens next.

The bottom line is that politics matter a lot!  BUT they do not affect your investments nearly as much as you think.  As we go through this election, don’t let politics influence your investment strategy.  There are too many other things that matter much more.  Listen to the full episode to learn more.

For more financial planning tips from Corey and Rachelle, find them on social media!

Discussions in this show should not be construed as specific recommendations or investment advice. Always consult with your investment professional before making important investment decisions. Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Finity Group, LLC and Cambridge are not affiliated. Cambridge does not offer tax or legal advice.

It’s September and that means we are diving into life insurance awareness month!  The reason we need a whole month to raise awareness on this topic is because nobody wants to think about their own mortality; but it’s still important.  In this episode of Financial Clarity for Doctors, Rachelle Vanderzanden and Corey Janoff discuss why, when, and how to explore life insurance. 

In this episode you will hear about:

• Some of the reasons people secure life insurance.

The goal of this conversation is not to be morbid or pessimistic.  The goal is to consider a plan to make sure if we lose someone unexpectedly, we have less to worry about on the financial side of things and can spend more time focusing on family and healing.  Listen to the full episode to learn more.

For more financial planning tips from Corey and Rachelle, find them on social media!

Discussions in this show should not be construed as specific recommendations or investment advice. Always consult with your investment professional before making important investment decisions. Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Finity Group, LLC and Cambridge are not affiliated. Cambridge does not offer tax or legal advice.

In this episode of Financial Clarity for Doctors, Corey Janoff and Rachelle Vanderzanden discuss the changing interest rate environment and a few things to think about as the economy adjusts. 

Interest rate discussion topics include:

• How the Federal Reserve uses interest rates to influence the economy.

Interest rates have a short-term effect on everything from the stock market to the interest on your bank account.  With most financial planning topics, the goal is to set a course and stick to it, but interest rate changes could mean a change to your short-term strategy.  Listen to the full episode to learn more.

For more financial planning tips from Corey and Rachelle, find them on social media!

Discussions in this show should not be construed as specific recommendations or investment advice. Always consult with your investment professional before making important investment decisions. Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Finity Group, LLC and Cambridge are not affiliated. Cambridge does not offer tax or legal advice.