Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP®, RICP®, takes this question from Leighton in Boise, Idaho: How are 529 accounts affected by changes with the Secure Act 2.0?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• YFP 211: The Ins and Outs of the 529 College Savings Plan
• 7 Things to Consider Before Starting a 529 Plan
• Send in your questions here or to [email protected]
• Your Financial Pharmacist Disclaimer and Disclosures

Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.

Chris Caldwell, founder of Sell As You Are, shares helpful insight into building the mindset of a successful business owner, overcoming fear pharmacists often associate with real estate entrepreneurship, and the transformative power of expressing gratitude as an entrepreneur.

Links Mentioned in Today's Episode

• Sell As You Are
• The Untethered Soul: The Journey Beyond Yourself by Michael A. Singer
• Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! By Robert T. Kiyosaki
• Connect with Chris Caldwell on LinkedIn
• YFP Real Estate Investing
• Join the YFP Real Estate Investing Facebook Group
• Your Financial Pharmacist Disclaimer and Disclosures

YFP Co-Founder & CEO, Tim Ulbrich, PharmD, introduces the new series, The Pharmacy Innovators, designed for pharmacists navigating the entrepreneurial journey, featuring founder stories and strategies to help guide current and aspiring pharmacy entrepreneurs. In this first episode, Tim interviews Corrie Sanders, PharmD, before handing over the lead to her for the remainder of the series.

Links Mentioned in Today's Episode

• Huna Health
• U.S. Small Business Administration: Small Business Development Centers (SBDC)
• Your Financial Pharmacist Disclaimer and Disclosures

Jenny White, PharmD, and Myke White, USAF, share their recent experiences in providing solutions in pre-foreclosure situations as real estate investors and their unique approach to ethical real estate investing utilizing assumable loans.

Links Mentioned in Today's Episode

• YFP Real Estate Investing 05: None to One: How to Get Your FIRST Investment Property
• YFP Real Estate Investing 43: How Jenny and Myke are Trading Up on Their Primary Residence
• Auction.com
• Forclosure.com
• RE CONNECT 2023
• Deal Maker Live 2023
• National Real Estate Investors Association
• Connect with Jenny White on Facebook
• Follow Jenny White on Instagram: @Investmentmindset_rx
• Join the Investment Mindset Book Club Facebook Group
• YFP Real Estate Investing
• Join the YFP Real Estate Investing Facebook Group
• Your Financial Pharmacist Disclaimer and Disclosures

YFP Co-Founder & CEO, Tim Ulbrich, PharmD, is joined by YFP Co-Founder & Director of Financial Planning, Tim Baker, CFP®, RLP®, RICP®, to talk about long-term care insurance. During the show, they discuss what long-term care insurance does and does not cover, common misconceptions about long-term care policies, and five key considerations when purchasing a policy.

Links Mentioned in Today's Episode

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• Lincoln Financial Group Study Finds Misconceptions and Confusion About the Increasing Need for Long-Term Care Planning in America
• YFP 108: How to Effectively Talk with Mom & Dad About Their Finances
• Your Financial Pharmacist Disclaimer and Disclosures

Nate Hedrick, PharmD, and David Bright, PharmD, MBA, BCACP, FAPhA, FCCP, address routinely asked questions about when you do and do not need a realtor as a pharmacist investing in real estate.

Links Mentioned in Today's Episode

• YFP Concierge Service
• Book Your Free Jump Start Planning Call
• YFP Real Estate Investing
• YFP Real Estate Investing 22: Off Market Purchasing
• MLS
• Zillow
• Redfin
• realtor.com
• Join the YFP Real Estate Investing Facebook Group
• Your Financial Pharmacist Disclaimer and Disclosures

YFP Co-Founder & CEO, Tim Ulbrich, PharmD, is joined by YFP Co-Founder & Director of Financial Planning, Tim Baker, CFP®, RLP®, RICP®, to wrap up the two-part series on common social security mistakes to avoid.

Links Mentioned in Today's Episode

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• YFP 294: 10 Common Social Security Mistakes to Avoid (Part 1)
• YFP 242: Social Security 101: History, How it Works, and Why it Matters for Your Financial Plan
• Social Security Administration
• YFP Tax
• YFP 275: How to Build a Retirement Paycheck (Retirement Planning)
• Your Financial Pharmacist Disclaimer and Disclosures

Thomas Castelli, CPA, CFP®, a tax strategist and real estate investor, discusses the benefits of passive real estate investing for busy pharmacists and employing tax strategy to get the most out of your real estate investments from a tax perspective.

Links Mentioned in Today's Episode

• Tax Smart Real Estate Investors Podcast
• Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert T. Kiyosaki
• Investopedia: Tax Reform Act of 1986
• REPS 03: Strategies to Qualify as a Real Estate Professional & Busting the Myths of the Internet
• The Hands-Off Investor: An Insider's Guide to Investing in Passive Real Estate Syndications by Brian Burke
• Left Field Investors
• Tax Smart Real Estate Investors Facebook Group
• YFP Real Estate Investing
• Join the YFP Real Estate Investing Facebook Group
• Your Financial Pharmacist Disclaimer and Disclosures

Tim Ulbrich, PharmD, is joined by YFP Co-Founder & Director of Financial Planning, Tim Baker, CFP®, RLP®, to kick off a two-part series on ten common social security mistakes to avoid.

Links Mentioned in Today's Episode

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• YFP 242: Social Security 101: History, How it Works, and Why it Matters for Your Financial Plan
• Social Security Administration
• Your Financial Pharmacist Disclaimer and Disclosures

Michael Crowe, PharmD, MBA, a certified specialty pharmacist, talks about having a meaningful career in pharmacy while passively investing in real estate through some creative investing ideas.

Links Mentioned in Today's Episode

• Mint
• Follow Michael Crowe on Facebook
• Connect on Michael Crowe LinkedIn
• Mitten Getaways Glamping Co.
• YFP Real Estate Investing
• Join the YFP Real Estate Investing Facebook Group
• Your Financial Pharmacist Disclaimer and Disclosures