You've spent decades saving for retirement. Learn how to turn those assets into a sustainable paycheck while managing taxes, healthcare, and risk.

Episode Summary

Pharmacists typically spend decades focused on accumulating wealth for retirement. Saving consistently, investing wisely, and watching account balances grow become familiar habits. But what happens when it's time to reverse course and start using those assets to fund your life?

In this episode of Scripted Wealth: Money & Meaning for Pharmacists, Tim & Tim explore one of the most overlooked areas of financial planning: turning retirement savings into a sustainable retirement paycheck. They discuss why the decumulation phase is often more complex than accumulation, how Social Security, taxes, healthcare costs, and asset location decisions impact retirement income, and why many retirees struggle emotionally with spending the money they've worked so hard to save.

Whether retirement is right around the corner or several decades in the future, understanding how your future paycheck will be built can help you make better decisions today and create more confidence for tomorrow.

What you'll learn in this episode:

• Why retirement income planning deserves as much attention as retirement savings
• How asset location and tax diversification can help reduce future tax burdens and improve retirement flexibility
• The role Social Security plays in creating a sustainable retirement paycheck and key factors that influence claiming decisions
• Why healthcare and long-term care costs can significantly impact retirement spending needs
• The emotional shift from saving and accumulating wealth to confidently spending and using it in retirement

Mentioned on the Show

• YFP Gives
• YFP 294: 10 Common Social Security Mistakes to Avoid (Part 1)
• YFP 295: 10 Common Social Security Mistakes to Avoid (Part 2)
• YFP 329: Medicare Selection & Optimization: Common Mistakes, Tips & Tricks
• YFP 437: Am I 'On Track' Financially?
• YFP 296: 5 Key Decisions for Long-Term Care Insurance
• YFP 305: Understanding Annuities: A Primer for Pharmacists
• YFP Upcoming Webinars
• Fidelity Study: Fidelity Investments® Releases 2025 Retiree Health Care Cost Estimate, a Timely Reminder for All Generations to Begin Planning
• YFP Wealth

Disclaimer

The information in this episode is provided to you for your informational purposes only and is not intended to provide, and should not be relied on for, investment or any other advice. It should not be construed as a solicitation or offer to buy or sell any investment or related financial products. We urge listeners to consult with a financial advisor with respect to any investment. The information contained in our episodes is not updated and may not be accurate at the time you view it on this website. Opinions and analyses expressed herein are solely those of YFP Wealth (unless otherwise noted) and constitute judgments as of the dates published. Such information may contain forward-looking statements, which are not intended to be guarantees of future events. Actual results could differ materially from those anticipated in the forward-looking statements. YFP Wealth representatives may from time to time hold positions in, or take positions contrary to, investments mentioned herein. It should not be assumed that future performance of any specific investment or investment strategy (including those discussed herein) will be successful or profitable, or protect against loss. Past performance does not guarantee future results. All investments involve risks including the loss of principal. Learn more at https://yfpwealth.com/disclaimer/

What does it really mean to be "on track" financially? Tim & Tim unpack net worth, comparison, lifestyle creep, and financial clarity.

Episode Summary

In this episode of Scripted Wealth: Money & Meaning for Pharmacists, Tim Ulbrich and Tim Baker unpack one of the most common and emotionally loaded questions pharmacists ask themselves: "Am I on track financially?"

The conversation explores how many pharmacists measure financial progress through retirement balances, income, or expected net worth, while often overlooking the deeper qualitative factors that actually define financial success. Tim and Tim discuss the danger of comparison, the impact of social media and lifestyle creep, and why a lack of clarity and planning often fuels feelings of being "behind" even when the numbers suggest otherwise.

Along the way, they break down the three major phases of wealth building for pharmacists, discuss expected net worth benchmarks by age, explain why net worth and cash flow often feel disconnected, and highlight the importance of aligning financial decisions with your goals, values, and desired lifestyle.

What you'll learn in this episode:

• Why "being on track" financially means more than just hitting a retirement number
• How pharmacists move through different phases of wealth building over their career
• What expected net worth benchmarks can (and can't) tell you
• Why high earners can still feel financially stressed despite strong savings
• How a clear financial plan creates flexibility, confidence, and intentionality

Mentioned on the Show

• YFP Wealth: https://yfpwealth.com

Disclaimer

The information in this episode is provided to you for your informational purposes only and is not intended to provide, and should not be relied on for, investment or any other advice. It should not be construed as a solicitation or offer to buy or sell any investment or related financial products. We urge listeners to consult with a financial advisor with respect to any investment. The information contained in our episodes is not updated and may not be accurate at the time you view it on this website. Opinions and analyses expressed herein are solely those of YFP Wealth (unless otherwise noted) and constitute judgments as of the dates published. Such information may contain forward-looking statements, which are not intended to be guarantees of future events. Actual results could differ materially from those anticipated in the forward-looking statements. YFP Wealth representatives may from time to time hold positions in, or take positions contrary to, investments mentioned herein. It should not be assumed that future performance of any specific investment or investment strategy (including those discussed herein) will be successful or profitable, or protect against loss. Past performance does not guarantee future results. All investments involve risks including the loss of principal. Learn more at https://yfpwealth.com/disclaimer/

What does a rich life actually mean? A conversation about money, fulfillment, time, and building a life aligned with what matters most.

Episode Summary

In this episode of Scripted Wealth: Money & Meaning for Pharmacists, Tim & Tim move beyond traditional financial planning conversations to explore the deeper connection between money, time, purpose, and fulfillment.

Many pharmacists spend years checking all the right boxes: earning the degree, building the career, paying off debt, saving for retirement, and growing their income, only to realize they still feel uncertain, disconnected, or stuck in the grind. In this conversation, Tim and Tim unpack what it means to build a financial plan that supports the life you truly want to live, not just the life you thought you were supposed to pursue.

Along the way, they share personal stories, pivotal life moments, reflections on work and identity, and practical ways to begin defining your own version of a "rich life." The episode also explores how financial planning can create more flexibility, intentionality, and freedom to focus on what matters most in each season of life.

What you'll learn in this episode:

• Why many high-achieving professionals still feel disconnected despite financial success
• The difference between building wealth and building a life aligned with your values
• How major life events often trigger deeper questions about time, work, and fulfillment
• Practical questions to help define your own version of a rich life
• Why meaningful experiences and relationships often matter more than financial optimization alone

Mentioned on the Show

• Die With Zero by Bill Perkins
• YFP Wealth: https://yfpwealth.com

Disclaimer

The information in this episode is provided to you for your informational purposes only and is not intended to provide, and should not be relied on for, investment or any other advice. It should not be construed as a solicitation or offer to buy or sell any investment or related financial products. We urge listeners to consult with a financial advisor with respect to any investment. The information contained in our episodes is not updated and may not be accurate at the time you view it on this website. Opinions and analyses expressed herein are solely those of YFP Wealth (unless otherwise noted) and constitute judgments as of the dates published. Such information may contain forward-looking statements, which are not intended to be guarantees of future events. Actual results could differ materially from those anticipated in the forward-looking statements. YFP Wealth representatives may from time to time hold positions in, or take positions contrary to, investments mentioned herein. It should not be assumed that future performance of any specific investment or investment strategy (including those discussed herein) will be successful or profitable, or protect against loss. Past performance does not guarantee future results. All investments involve risks including the loss of principal. Learn more at https://yfpwealth.com/disclaimer/

After 500+ episodes, a new chapter begins. Learn why YFP is evolving and how to align your money with meaning to live a rich life today and tomorrow.

Episode Summary

After more than 500 episodes of the Your Financial Pharmacist Podcast, Tim Ulbrich, PharmD and Tim Baker, CFP®, RICP®, RLP® introduce a new chapter: Scripted Wealth: Money and Meaning for Pharmacists. In this episode, they share the story behind the transition, how it connects to the rebrand to YFP Wealth, and what listeners can expect moving forward. The conversation goes beyond financial tactics to explore the deeper purpose of money, helping pharmacists align their financial plans with what matters most. Whether you're early in your career or approaching retirement, this episode sets the stage for a more intentional approach to building and using wealth.

What you'll learn in this episode:

• Why the podcast is evolving after 500+ episodes and what prompted the shift
• The meaning behind "Scripted Wealth" and how you can take ownership of your financial life
• How to balance the quantitative (numbers) and qualitative (purpose) sides of wealth
• Why many pharmacists operate on financial autopilot and how to break out of it
• How YFP Wealth is evolving to better serve mid-career and pre-retirement pharmacists

Mentioned on the Show

• YFP Wealth: https://yfpwealth.com

Disclaimer

The information in this episode is provided to you for your informational purposes only and is not intended to provide, and should not be relied on for, investment or any other advice. It should not be construed as a solicitation or offer to buy or sell any investment or related financial products. We urge listeners to consult with a financial advisor with respect to any investment. The information contained in our episodes is not updated and may not be accurate at the time you view it on this website. Opinions and analyses expressed herein are solely those of YFP Wealth (unless otherwise noted) and constitute judgments as of the dates published. Such information may contain forward-looking statements, which are not intended to be guarantees of future events. Actual results could differ materially from those anticipated in the forward-looking statements. YFP Wealth representatives may from time to time hold positions in, or take positions contrary to, investments mentioned herein. It should not be assumed that future performance of any specific investment or investment strategy (including those discussed herein) will be successful or profitable, or protect against loss. Past performance does not guarantee future results. All investments involve risks including the loss of principal. Learn more at https://yfpwealth.com/disclaimer/

Buying a home in 2026? Learn loan options, rate trends, and a new zero-down opportunity for pharmacists with mortgage expert Tony Umholtz.

Episode Summary

In this episode, Tim Ulbrich, PharmD welcomes back Tony Umholtz, Senior VP of Mortgage Banking at First Horizon, to break down what pharmacists and healthcare professionals need to know about buying a home in 2026. From navigating a volatile interest rate environment to understanding loan options, credit considerations, and down payment strategies, this conversation provides a practical roadmap for both first-time buyers and experienced homeowners. Tony also introduces a powerful new medical professional loan that could significantly change what's possible for pharmacists looking to purchase a home.

What you'll learn in this episode:

• How interest rates and housing inventory are shaping the 2026 homebuying market
• Key differences between conventional, FHA, VA, and specialized loan options
• Common credit and debt-to-income mistakes that can impact your approval
• How to think about fixed vs. adjustable-rate mortgages in today's environment
• How the new medical professional loan can help pharmacists buy with little or no money down

Mentioned on the Show

• Tony Umholtz from First Horizon (website): https://firsthorizon.com/tony-umholtz
• Tony Umholtz from First Horizon (email): [email protected]
• Tony Umholtz from First Horizon (phone): 813-603-4255
• YFP Gives: https://yfpgives.org/

Dr. Emlah Tubuo shares how intentional living, whole-person care, and mindset are reshaping pharmacy, leadership, and personal wellbeing.

Episode Summary

In this episode of the YFP Podcast, Tim Ulbrich, PharmD sits down with Dr. Emlah Tubuo to explore what intentional living looks like in real life and in modern pharmacy practice. Emlah shares how Powell Pharmacy has evolved beyond dispensing into whole-person care, including biomarker testing, hormone optimization, and integrated wellness services. They discuss resilience, mindset, and how pharmacists can reclaim purpose by meeting patients where they are, while also addressing burnout, fear, and the power of being fully present. Whether you are a pharmacist, entrepreneur, or someone seeking a more aligned and intentional life, this conversation offers both inspiration and practical insight.

What you'll learn in this episode:

• How intentional living can transform pharmacy practice and patient care
• Why whole-person care goes beyond prescriptions and lab values alone
• Practical ways pharmacists can integrate biomarkers, hormones, and wellness initiatives
• How mindset, presence, and resilience reduce burnout and improve impact
• What it means to redefine success through service, alignment, and purpose

Mentioned on the Show

• Powell Pharmacy
• Journeys Lab Testing for Pharmacists
• Pharmacist Fullscript Account Setup
• Lunch and Learn Supplement Knowledge
• Discuss Dietary Supplements With Confidence
• Intentional Living Newsletter
• Emlah Naturals
• Intentional Living Podcast
• Emlah Tubuo - LinkedIn
• Emlah Tubuo - Instagram

What if financial success isn't about saving more, but aligning money with the life you want today?

Episode Summary

After years of doing "everything right" financially, many pharmacists reach a surprising crossroads: retirement feels on track, but something still feels off. In this solo episode, Tim Ulbrich, PharmD reflects on a counterintuitive decision he has made over the past five years by intentionally not maxing out traditional retirement accounts, and the deeper question that choice surfaced: what are you optimizing for right now? This conversation explores the tension between financial efficiency and life alignment, the concept of "enough," and why financial planning in mid-career is less about winning spreadsheets and more about finding a way to live your rich life today while preparing for the future.

What you'll learn in this episode:

• Why "on track" financially doesn't always feel satisfying
• The difference between accumulating wealth and being truly retirement-ready
• The hidden risk of always optimizing your financial plan for a future state at the expense of today
• Why "enough" is a decision, not just a number

Tim Ulbrich, PharmD covers 10 practical year-end financial moves to reduce tax burden, build clarity, and start 2026 with confidence—plus a bonus step most people overlook.

Episode Summary

As 2025 winds down, it's tempting to push financial decisions into January. But some of the most impactful moves you can make happen before the calendar turns.

In this episode, YFP Co-Founder & CEO Tim Ulbrich, PharmD walks through 10 practical, foundational financial moves to make before 2026 to help you reduce tax burden, invest with intention, organize your financial life, and enter the new year with clarity and momentum.

The episode wraps with a bonus step that isn't on most year-end checklists but may be one of the most leveraged decisions you can make heading into 2026: evaluating whether it's time to hire a financial planner or reassess your current advisory relationship.

This is your financial "closing shift" for 2025—simple, intentional moves that quietly build confidence and long-term wealth.

What you'll learn in this episode:

• How to perform a year-end financial inventory and why tracking net worth is one of the most powerful planning habits.
• Which tax-advantaged accounts need attention before December 31 and how to prioritize last-minute contributions.
• The importance of rebalancing your investment portfolio and prepare for paycheck changes heading into a new year.
• Why organizing estate documents, beneficiaries, and a "legacy folder" creates clarity and peace of mind.
• How to set meaningful financial goals for 2026 and evaluate whether it's time to hire (or reassess) a financial planner.

Mentioned on the Show

• YFP Legacy Folder Checklist

Tim & Tim discuss how to handle a windfall or inheritance with clarity emotionally, financially, and strategically during the biggest wealth transfer in U.S. history.

This episode is brought to you by the American Pharmacists Association (APhA).

Episode Summary

Handling a windfall or inheritance isn't just about the money—it's an emotional, relational, and identity-level shift. Whether it's an inheritance, equity payout, stock options vesting, or another financial surprise, the "right" next step can feel overwhelming. Many people think the challenge is how to invest a large sum… but the real challenge often begins much earlier: Who am I now that money is no longer the limiting factor?

In this episode, Tim Ulbrich, PharmD, and Tim Baker, CFP®, RICP®, RLP® break down how to prepare for, navigate, and thoughtfully plan through sudden wealth. They talk about the emotional side of receiving money, how to avoid rushed decisions, the importance of building the right team, tax considerations, and how to align a windfall with your goals, values, and relationships. With the largest wealth transfer in U.S. history underway, this is a conversation every generation needs to hear.

If you've received a windfall, expect one, or simply want to understand how to handle one wisely, this episode will help you slow down, think clearly, and make decisions you won't regret.

What you'll learn in this episode:

• Why sudden wealth creates emotional, identity, and relational shifts—not just financial ones
• The most common types of windfalls and why they require different planning strategies
• How to avoid rushed decisions and use a "90-day pause" to regain clarity
• The key professionals you need on your team before making major moves
• How taxes, investment priorities, and giving strategies change when a windfall enters the plan

Mentioned on the Show

• Mom and Dad, We Need to Talk by Cameron Huddleston
• Cerulli Associates "Great Wealth Transfer" data
• "Die With Zero" by Bill Perkins
• YFP Episode: 5 Key Questions to Ask Before Hiring a Financial Planner

Pharmacist and entrepreneur Peyton Gilbert shares how intentional living, saving 50% of income, and family business ownership created flexibility and freedom.

Episode Summary

In this episode of the YFP Podcast, Tim Ulbrich sits down with Dr. Peyton Gilbert—a pharmacist, entrepreneur, and small-business owner whose story is a masterclass in intentional living. Peyton shares how he and his wife saved and invested over 50% of their income early in their careers, the mindset shift that allowed them to build a strong financial foundation, and how living "like a resident" created flexibility for major life decisions.

What you'll learn in this episode:

• How Peyton and his wife saved over 50% of their income early in his career—and the mindset that made it possible.
• Why living "like a resident" for a season can create massive long-term financial flexibility.
• How Peyton navigated buying a home in a high-interest-rate environment and what he learned along the way.
• The story behind taking over his family's small business and how he balances entrepreneurship with a full-time industry role.
• How his mother's cancer journey shaped his purpose, career path, and the way he defines a "rich life" today and tomorrow.

Mentioned on the Show

• (Book) So Good They Can't Ignore You by Cal Newport
• (Book) The Millionaire Next Door by Dr. Tom Stanley
• (Book) Die With Zero by Bill Perkins
• First Horizon
• White Coat Investor