Financial Clarity for Doctors

This weeks blog, written by Peggy Haslach, discusses financial planning for the LGBTQIA+ community.  

Our weekly blog posts that can be found at www.theFinityGroup.com/blog, where you can also sign up for our newsletter to have our weekly blog post delivered directly to your inbox.

Corey and Rachelle dive into the idea of housing arbitrage in the newest episode of Financial Clarity for Doctors.  If you bought a home or refinanced it at historically low interest rates, you may be able to work that to your advantage in a unique way.

The scenario this episode explores involves:

• A homeowner in a desirable area with a comparatively low monthly cost.

• Example cost (mortgage, taxes, insurance): $6,000 per month.

• Example rental cost: $3,000 per month.

• Example rental income: $6,500 per month.

• Lower monthly housing costs for them, and a bit more income than expenses on the home.

Listen to the full episode to learn more and explore some of the potential risks.  This is not for everyone!

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 week's blog, we dive into the costs of buying, selling, and owning a home and whether it makes sense to buy or rent in the short-term.  

Our weekly blog posts that can be found at www.theFinityGroup.com/blog, where you can also sign up for our newsletter to have our weekly blog post delivered directly to your inbox.

In this week's blog, we dive into what to look for in a disability insurance policy, so you can secure the policy that's right for you.  

Our weekly blog posts that can be found at www.theFinityGroup.com/blog, where you can also sign up for our newsletter to have our weekly blog post delivered directly to your inbox.

In this special 100th episode of Financial Clarity for Doctors, Rachelle and Corey discuss some principles of money that are worth incorporating into our daily lives.  Bottom line – A lot (but not all) of this is behavioral!

Numbers Driven Principles:

• Some of this needs to be backed up by data! Including discussions of:

• The time value of money

Behavior-Driven Principles:

• Luck is luck. Don’t get too hung up when you are randomly on either side of it.

• People have different goals and values and different ways of supporting that with their resources.

• Even if you are working, you are doing it on your own terms now.

 Listen to the full episode for these tips and so many 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 and Rachelle weigh the pros and cons of different types of employers.  It’s job search time, and while money isn’t everything, it is important to understand the financial benefits of each job to make an informed decision.

Financial Considerations When Deciding on a Job:

• First – Pay! Not just the dollar amount.

• Is it salary or production-based?

• If production-based, get some estimates of what new physicians have earned.

• Retirement benefits can be huge!

• Matching, flat employer contributions, pension benefits.

• How much will you pay for medical insurance?

• Does your prospective employer qualify for PSLF or other programs?

• The larger your loan balance, the more attractive loan forgiveness is.

Look beyond the obvious when making employment decisions, and don’t sell yourself short!

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.

Today on Financial Clarity for Doctors, Corey and Rachelle unpack some of the details behind the fall of Silicon Valley Bank (SVB).  Is the whole banking industry in trouble, and should we be worried?

Banking is reliant on trust:

• Depositors need to trust that the money they place in the bank will be there when they need it or the whole system collapses.

• Lots of SVB depositors tried to withdraw money within a short period of time, and the bank could not easily liquidate investments (some of which had lost money) and distribute all those bank account balances at the same time.

• Look for FDIC insurance coverage at your bank, which protects most balances up to $250,000.

Simple steps like double-checking FDIC limits and coverage at your bank, can help ensure that your deposits are safe.

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

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.

Today on Financial Clarity for Doctors, Corey and Rachelle discuss different ways of purchasing a home.  With housing inventory still being low in many places, it can be helpful to explore all your options.

Types of Homes to Consider:

• Homes for sale by another owner (pre-owned homes).

• Can include single family homes, but also condominiums or townhomes.

• This will be a brand new home, and you may even get to pick some of the finishes if the build is not complete.

• This can be more expensive, slower, and more challenging to finance, but will be the closest to exactly what you want.

You may be limited a bit by your timeframe, but if you have the time, it is well worth it to explore all options available to you.

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

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 week's blog, we through 10 tax deductions for doctors for ways to potentially save money on taxes.  

Our weekly blog posts that can be found at www.theFinityGroup.com/blog, where you can also sign up for our newsletter to have our weekly blog post delivered directly to your inbox.