Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from James in Atlanta, Georgia: What happens when I leave my job and I've spent more of my FSA (Flexible Spending Account) than I've contributed?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Send in your questions here or to [email protected]

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.

On this episode sponsored by IBERIABANK/First Horizon, Tim Baker and Tim Ulbrich talk through strategies for saving money for your children's college education. They discuss phases of planning for educational expenses, how to project how much to save, and various options for saving for kids' college including 529s, Coverdell Education Savings Accounts, UGMA and UTMA Accounts, and Roth IRAs.

Mentioned on the Show

• Learn More About IBERIABANK/First Horizon's Pharmacist Home Loan and Start the Pre-Approval Process
• Register for Free Webinar: Investing for Beginners: Where to Put Your (Legal) Drug Money with Joe Baker, MBA
• Baker's Dirty Dozen: Principles for Financial Independence by Joe Baker, MBA with Lindsey Jordan Baker
• YFP Planning: Financial Planning for Pharmacists
• Book a Discovery Call with YFP Planning

Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from the YFP Facebook Group: Should I consider investing in a REIT (real estate investment trust)?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Join the YFP Facebook Group
• Real Estate RPh: Helping Pharmacists Navigate the World of Real Estate
• David Bright
• Send in your questions here or to [email protected]

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.

On this episode, sponsored by Insuring Income, Karine Wong, pharmacist, educator, and entrepreneur, joins Tim Ulbrich to talk about her journey starting My Guiltless Treats. Karine discusses how she uses her pharmacy skills in her entrepreneurial journey, how to determine whether or not a business idea is worth pursuing, why it is so important to have a clear purpose and vision, and why saying 'yes' is so crucial when starting and running your own business.

Mentioned on the Show

• Insuring Income: Get Quotes and Apply for Term Life and Disability Insurance
• My Guiltless Treats
• Call Me Doctor by K. Wong
• Don't Sit on Her! by Karine Wong
• Pharmacy Pearls Quiz App by Karine Wong
• Connect with Karine Wong on LinkedIn
• Connect with Karine Wong on Facebook
• Follow Karine Wong on Instagram @KarineWongPharmD
• Send Karine a Message

Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Manish in San Francisco, California: What are the pros and cons of taking out a 401(k) loan for a down payment on a house?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Iberia Bank Home Loan: Get Pre-approved and Compare Multiple Lenders to Find the Home Loan That's Right For You
• Nate Hedrick. the Real Estate RPh
• YFP Real Estate Concierge Services
• Seven Figure Pharmacist by Tim Church, PharmD and Tim Ulbrich, PharmD
• Buy or Refi a Home
• Send in your questions here or to [email protected]

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.

On this episode, sponsored by Live Oak Bank, Nate Hedrick, the Real Estate RPh, joins Tim Ulbrich to discuss considerations for building vs. buying a home, the pros and cons of building, lending considerations when building a home, and common pitfalls when choosing to build a home.

Mentioned on the Show

• Live Oak Bank: Loans and Financial Solutions for Pharmacies
• Buy or Refi a Home
• Real Estate RPh: Helping Pharmacists Navigate the World of Real Estate
• YFP 190: 7 Ways to Reduce Your Monthly Housing Costs
• 20 Questions to Ask if You're Building a Home
• YFP 191: 10 Common Mortgage Mistakes to Avoid
• Schedule a Call with Nate: YFP Real Estate Concierge Services

Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Liz in Lexington, Kentucky: Why did my credit score drop when I made no major changes?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Credit Karma
• Credit Sesame
• Annual Credit Report
• YFP 162: Credit 101
• Send in your questions here or to [email protected]

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.

On this episode, sponsored by Insuring Income, Alex Barker, founder of The Happy PharmD, joins Tim Ulbrich to discuss takeaways from the 2021 Pharmacists's Salary Guide, including the current state of the job market, trends in salary and compensation, and contributors to job stress and dissatisfaction.

Mentioned on the Show

• Insuring Income: Get Quotes and Apply for Term Life and Disability Insurance
• The Happy PharmD
• Download The Happy PharmD 2021 Pharmacist Salary Guide
• YFP 092: Creating an Indispensable Pharmacy Career
• Pharmacy Times: 2016 Pharmacist Salary Guide
• PayScale: Pay by Experience Level for Pharmacists
• U.S. Bureau of Labor Statistics, Occupational Outlook Handbook: Pharmacists
• JobRX
• 2019 AACP National Pharmacist Workforce Study
• Join the YFP Facebook Group
• DrugTopics Pharmacy Salary Survey Results: Salaries Stabilize as Stress and Job Dissatisfaction Soar
• Connect with Alex Barker on LinkedIn

Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Liz in Pittsburgh, Pennsylvania: How do I figure out how much of my raise is actually money in my pocket versus money I would lose in taxes?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• SmartAsset Federal Paycheck Calculator
• File Your Taxes with YFP
• Send in your questions here or to [email protected]

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.

On this episode sponsored by LendKey, Tony Umholtz, a Mortgage Manager for IberiaBank, joins Tim Ulbrich to discuss 10 common mortgage mistakes homebuyers make and steps you can take to avoid them.

Mentioned on the Show:

• LendKey: Refinance Your Student Loans
• 5 Steps to Get a Home Loan
• Free Webinar: Home Buying in 2021...What You Need to Know
• Iberia Bank Home Loan: Get Pre-approved and Compare Multiple Lenders to Find the Home Loan That's Right for You
• YFP 169: Helpful Tips for Getting a Mortgage
• YFP 136: The Ins and Outs of the Pharmacist Home Loan
• Buy or Refi a Home
• YFP Real Estate Concierge Services
• YFP 162: Credit 101
• YFP Planning: Financial Planning for Pharmacists
• YFP 190: 7 Ways to Reduce Your Monthly Housing Costs
• Real Estate RPH
• YFP 113: Is Your Home an Asset or Liability?
• Book a Discovery Call with YFP Planning