Scripted Wealth | Money & Meaning for Pharmacists

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 Matt in Iowa: What is the best timing for contributions when doing a backdoor Roth IRA conversion?

Mentioned on the Show:

• YFP Planning
• Why Most Pharmacists Should Do a Backdoor Roth IRA
• YFP 096: How to Do a Backdoor Roth IRA
• Book a Free Financial Planning Call with a YFP CFP®
• 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.

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 Matt in Iowa: What is the best timing for contributions when doing a backdoor Roth IRA conversion?

Mentioned on the Show:

• YFP Planning
• Why Most Pharmacists Should Do a Backdoor Roth IRA
• YFP 096: How to Do a Backdoor Roth IRA
• Book a Free Financial Planning Call with a YFP CFP®
• 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.

Tom Arasz, a YFP team member that leads the Script Your Budget service for YFP financial planning clients, joins Tim Ulbrich on this week's episode. Tom talks about why the budget is so important, tips and tricks for effective budgeting and the spending and saving trends he has observed during the past few months with the COVID-19 pandemic.

• YFP Planning

Tom Arasz, a YFP team member that leads the Script Your Budget service for YFP financial planning clients, joins Tim Ulbrich on this week's episode. Tom talks about why the budget is so important, tips and tricks for effective budgeting and the spending and saving trends he has observed during the past few months with the COVID-19 pandemic.

• YFP Planning

Tim Church, YFP student loan guru, talks about all things student loan refinancing. Tim discusses what refinancing is, how it differs from consolidation, the benefits, the potential drawbacks, what to look for when choosing a company, and whether or not borrowers should refinance while the CARES Act is in place.

• The Pharmacist's Guide to Conquering Student Loans by Tim Church, PharmD
• YFP 149: Crushing $400k of Debt in 5 Years
• YFP 150: New Book: The Pharmacist's Guide to Conquering Student Loans
• YFP 146: COVID-19 Financial Considerations
• YFP 153: COVID-19 & Student Loans: What's Next?
• YFP Facebook Group
• YFP Planning
• Your Financial Pharmacist
• YFP Calculators
• YFP Resources
• Better Business Bureau
• Refinance Your Student Loans
• YFP Refinance Calculator

Tim Church, YFP student loan guru, talks about all things student loan refinancing. Tim discusses what refinancing is, how it differs from consolidation, the benefits, the potential drawbacks, what to look for when choosing a company, and whether or not borrowers should refinance while the CARES Act is in place.

• The Pharmacist’s Guide to Conquering Student Loans by Tim Church, PharmD
• YFP 149: Crushing $400k of Debt in 5 Years
• YFP 150: New Book: The Pharmacist’s Guide to Conquering Student Loans
• YFP 146: COVID-19 Financial Considerations
• YFP 153: COVID-19 & Student Loans: What’s Next?
• YFP Facebook Group
• YFP Planning
• Your Financial Pharmacist 
• YFP Calculators
• YFP Resources
• Better Business Bureau
• Refinance Your Student Loans
• YFP Refinance Calculator

Tim Baker talks through what professional liability insurance is, why it's important, who needs it and what to look for when shopping for a policy.

• Get Professional Liability Insurance with HPSO
• Seven Figure Pharmacist by Tim Church, PharmD and Tim Ulbrich, PharmD
• YFP Planning
• YFP 044: How to Determine Your Life Insurance Needs
• YFP 045: How to Determine Your Disability Insurance Needs

Tim Baker talks through what professional liability insurance is, why it’s important, who needs it and what to look for when shopping for a policy.

• Get Professional Liability Insurance with HPSO
• Seven Figure Pharmacist by Tim Church, PharmD and Tim Ulbrich, PharmD
• YFP Planning
• YFP 044: How to Determine Your Life Insurance Needs
• YFP 045: How to Determine Your Disability Insurance Needs

Tony Umholtz, a Mortgage Manager for IberiaBank, discusses the impact COVID-19 is having on the housing market, the current landscape for those purchasing or refinancing a home, and the role of the Professional Loan Program (aka the Doctor's Loan).

Mentioned on the Show

• 5 Steps to Getting a Home Loan
• Apply for Pharmacist Home Loan with IberiaBank
• YFP 136: The Ins and Outs of a Pharmacist Home Loan w/ Tony Umholtz
• YFP Facebook Group
• Nate Hedrick, The Real Estate RPH

Tony Umholtz, a Mortgage Manager for IberiaBank, discusses the impact COVID-19 is having on the housing market, the current landscape for those purchasing or refinancing a home, and the role of the Professional Loan Program (aka the Doctor’s Loan).

Mentioned on the Show

• 5 Steps to Getting a Home Loan
• Apply for Pharmacist Home Loan with IberiaBank
• YFP 136: The Ins and Outs of a Pharmacist Home Loan w/ Tony Umholtz
• YFP Facebook Group
• Nate Hedrick, The Real Estate RPH