Scripted Wealth | Money & Meaning for Pharmacists

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

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 Abby in Madison, Wisconsin: Should I pay off my student loans before saving for a house down payment?

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
• Buy or Refi a Home
• Book a Discovery Call with YFP Planning
• 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, Nate Hedrick, the Real Estate RPh, joins Tim Ulbrich to discuss 7 ways to reduce your monthly housing costs.

Mentioned on the Show:

• Insuring Income: Get Quotes and Apply for Term Life and Disability Insurance
• Register for the Free Webinar: Home Buying in 2021...What You Need to Know
• YFP 178: 5 Lessons Learned from Nate's First House Flip
• Real Estate RPh: Helping Pharmacists Navigate the World of Real Estate
• YFP Real Estate Concierge Services
• YFP 152: Living the Van Life During Residency
• U.S. Bureau of Labor Statistics: Consumer Expenditures Midyear Update - July 2018 through June 2019 Average
• YFP 130: House Hacking Your Way to Financial Freedom
• Bigger Pockets
• The House Hacking Strategy by Craig Curelop
• YFP 173: Using Systems to Automate Real Estate Investing
• YFP 160: Navigating the Home Buying Process Through the YFP Concierge Service
• Scott Rieckens
• Playing with FIRE: How Far Would You Go for Financial Freedom by Scott Rieckens
• YFP 188: Playing with FIRE: An Interview with Scott Rieckens
• Geoarbitrage - The Blog of Author Tim Ferriss
• RENTCafe
• YFP 121: Creating Another Stream of Income as an Airbnb Host
• AirBnB Calculator
• Policygenius
• Buy or Refi a Home

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 Amy in Raleigh, North Carolina: Should I carry my own professional liability insurance or is my employer's coverage enough?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• YFP 155: Why You Need Liability Insurance
• Professional liability insurance: Should you carry your own policy?
• Send in your questions here or to [email protected]

On this episode sponsored by LendKey, Tim Baker, Co-Founder and Director of Financial Planning at Your Financial Pharmacist, joins Tim Ulbrich to talk about strategies for investing when you have maxed out your traditional retirement accounts.

Mentioned on the Show:

• LendKey: Refinance Your Student Loans
• 2021 Key Retirement and Tax Numbers to Know
• YFP 072: Investing Mind Tricks: How Behavioral Bias Affects Our Decisions
• YFP 073: How to Determine the Priority of Investing
• YFP 074: Evaluating Your 401k Plan
• YFP 075: DIY, Robo or Hire a Planner?
• YFP 076: Investing Rapid Fire Q&A
• YFP 163: Investing Beyond the 401k/403b
• YFP Planning: Financial Planning for Pharmacists
• Priority of Investing
• Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert T. Kiyosaki
• YFP 167: Must Know Real Estate Terminology
• YFP 129: How One Pharmacist Built a 29 Unit Real Estate Portfolio
• YFP 140: How Ryan is Bringing in $11,000 a Month Through College Town Real Estate Investing
• YFP 173: Using Systems to Automate Real Estate Investing
• YFP 178: 5 Lessons Learned from Nate's First House Flip
• Scott Rieckens
• Playing with FIRE: How Far Would You Go for Financial Freedom by Scott Rieckens
• YFP 188: Playing with FIRE: An Interview with Scott Rieckens
• Book a Free 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 Cindy in Albuquerque, New Mexico: Are there any tax implications for rolling over my old 403(b) accounts to a traditional IRA?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Free Guide: Should I Rollover My Dormant 401(k)?
• YFP 072: Investing Mind Tricks: How Behavioral Bias Affects Our Decisions
• YFP 073: How to Determine the Priority of Investing
• YFP 074: Evaluating Your 401k Plan
• YFP 075: DIY, Robo or Hire a Planner?
• YFP 076: Investing Rapid Fire Q&A
• Baker's Dirty Dozen: Principles for Financial Independence by Joe Baker, MBA with Lindsey Jordan Baker
• Joe Baker
• Book a Free Discovery Call with YFP Planning
• 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, Scott Rieckens, author of Playing with FIRE, joins Tim Ulbrich to talk about his journey towards achieving FIRE. Scott digs into the ins and outs of the FIRE movement, why he and his wife decided to leave their friends and family in San Diego, how to calculate your early retirement number, and strategies for implementing your own FIRE plan.

Mentioned on the Show:

• Insuring Income: Get Quotes and Apply for Term Life and Disability Insurance
• Playing with FIRE
• Playing with FIRE: How Far Would You Go for Financial Freedom by Scott Rieckens
• Playing with FIRE: The Documentary
• Mr. Money Mustache: Financial Independence Podcast
• Mr. Money Mustache: The Mad Fientist
• FIRE Retirement Calculator
• YFP Planning: Financial Planning for Pharmacists
• Jonathan Mendonsa
• ChooseFI
• Vicki Robin
• Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence by Vicki Robin and Joe Domingues
• The Minimalists
• Brad Barrett
• Follow Playing with FIRE on Twitter: @playwithfireco
• Follow Playing with FIRE on Instagram: @playwithfireco

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 Jojo from the YFP Facebook Group: Should I open a 529 plan from another state with higher fees or one from my state that offers a tax deduction?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Join the YFP Facebook Group
• Savingforcollege.com
• 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, Kelly Reddy-Heffner, YFP Lead Financial Planner, joins Tim Ulbrich to talk through how those with federal student loans should be maximizing their student loan repayment strategy during another extension of administrative student loan forbearance.

Mentioned on the Show:

• LendKey: Refinance Your Student Loans
• YFP Planning: Financial Planning for Pharmacists
• Student Loan Analysis: A One-on-One Customizable Plan to Tackle Your Student Loans
• Schedule Your Student Loan Analysis
• YFP Facebook Group
• Seven Figure Pharmacist by Tim Church PharmD and Tim Ulbrich, PharmD
• The Pharmacist's Guide to Conquering Student Loans by Tim Church, PharmD
• Baker's Dirty Dozen: Principles for Financial Independence by Joe Baker, MBA with Lindsey Jordan Baker
• Tim Baker, CFP® and Director of Financial Planning
• Current Student Loan Refinance Interest Rates
• Federal Student Aid
• YFP Podcast

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 Madelyn from the YFP Facebook Group: I have several different types of retirement accounts from previous employers. What should I do with them?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Join the YFP Facebook Group
• IRS Rollover Chart
• 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.