Financial Residency

Ryan and John McCarthy, CPA extraordinaire, break down everything you need to know about the 5000+ page bill that just passed for a new stimulus package. Hear from the financial professionals how much you'll be potentially receiving this time around and how this package will be the same and different.

Insurance is like hedging your bets against the gamble of life. Physicians (my wife included!) are constantly pitched products like whole life insurance. I just couldn't take it anymore so am listing out some of the most common lies that you will hear whole life insurance agents say.

If you need insurance coverage (life or disability) or even an independent agent to review your whole life policies, reach out to Michael Relvas with MR Insurance by going to www.financialresidency.com/mrinsurance.

Back by popular demand, Taylor joins Ryan on the show to discuss some tips on how to plan for the holidays from a financial standpoint. This isn't just your save all year or don't buy anyone gifts type message, there are some real actionable tips to rock the holidays (even if you forgot to plan ahead!)

PS: Taylor said we can't use the dreaded "B" word in the title or you won't listen to it. Let's hope that's not true ... but just in case it was, we didn't use it!

Not everyone needs to work with a financial planner, but for those that do, it might be tough to figure out when the "right time" is and even who should you actually hire. Ryan takes a deep dive into the who, what and when is the right time (and type!) of financial planner to help you navigate your financial goals.

If you still don't have a financial plan, spend the $25 and build your own plan by buying Taylor and Ryan's book on creating your financial plan without the long hours and sleepless nights. www.financialresidency.com/book

Many of you have been asking me where I have been hiding Taylor! She is out of hiding and going to be hanging out with me today. We'll be talking about personal finance, things going on in our lives and our community, and really despite all the things happening in the world today that there is just a lot to be thankful for!

Don't miss the FIRST EVER $50K Financial Residency scholarship being offered to medical students this Thanksgiving 2020 courtesy of an anonymous foundation. 10 lucky recipients will be awarded $5K each! Apply here:

www.financialresidency.com/scholarship

While your schedule is insane and unpredictable, you want to know your advisor is always going to make decisions with your best interest in mind. But how could you know if your financial advisor is doing exactly what you need for your portfolio? These are the things you should consider.

Want to be a lucky recipient of a $5000 scholarship? Be one of 10! Financial Residency has partnered with a foundation to giveaway $50k! Learn more here:

www.financialresidency.com/scholarship

A few in the community asked about retirement options for w2 employees, the thinking behind our 50/25/25 rule, the power of HSAs, and Roth IRAs. Have a question too? Head over to www.financialresidency.com/question to record your questions and get them answered on the show!

We're so encouraged to have our community ask us their financial questions. Have one yourself? Call and record it at www.financialresidency.com/question and we'll feature it on an upcoming show!

The Physician Philosopher's Alpha Group Coaching Experience is closing tonight, 11/2, at midnight! Don't miss out on your opportunity to live your best life. Sign up here: www.financialresidency.com/ACE

The Physician Philosopher found out the hard way that life coaching was necessary. In this FB Live replay, Jimmy explains the reasoning other physicians find their way to life coaching themselves.

Join Jimmy's free webinar: www.financialresidency.com/tppwebinar

Enroll in the course: www.financialresidency.com/ACE