Most folks, including doctors, do not end up staying in their first jobs long-term.  In this episode of Financial Clarity for Doctors, Corey Janoff and Rachelle Vanderzanden talk over some of the financial implications of career transitions.

These implications include:

This episode also covers many of the reasons physicians may choose to switch jobs and how to make transitions as smoothly as possible. Job changes can be hugely stressful, and being well-informed is a very important part of that process.  Listen to the full episode for more to keep in mind as you think about making this big life change!

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, hosts Rachelle Vanderzanden and Corey Janoff walk through some of the attention-grabbing headlines during the first few weeks of President Trump’s second term.  Most people have at least some reaction to everything we see, but how might this affect your finances?

Topics covered in this episode include:

When you are investing for the long-term, it doesn’t usually make sense to adjust your strategies based on what’s happening in the world at this moment.  BUT it is completely understandable to want to debrief.  We are all notoriously terrible at how current news headlines will affect the economy and the stock market, so try not to let your knee-jerk reactions impact your investment decisions.

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, hosts Rachelle Vanderzanden and Corey Janoff discuss all the fun expenses that come along with pet ownership.  When you love something, it tends to cost you a little more!

Topics covered in this episode include:

We have all heard or experienced the horror stories of a nine-week-old puppy eating socks or chocolate.  As a pet owner, expecting the unexpected is a great place to start.  To learn 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.

If you’ve researched financial planning and professional advice, chances are you have come across the word ‘fiduciary’.  But what does it really mean?  In this episode of Financial Clarity for Doctors, hosts Rachelle Vanderzanden and Corey Janoff unpack the word and other qualifications for Financial Advisors.

Tune in to hear more about:

Regulations and ethics standards are important, but when working with any professional, their ethics and your relationship with them will always be the most important.  Referrals can be a great way to find someone that has already built a trusting relationship with clients.  Folks are unlikely to refer you to someone they don’t trust!

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 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.