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 Sally in the YFP Facebook Group: How should I prioritize several financial goals?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Join the Your Financial Pharmacist Facebook Group
• YFP Planning: How It Works
• Schedule 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, Tim Baker and Tim Ulbrich break down the key points of the most recent $1.9 trillion stimulus package also known as the American Rescue Plan Act of 2021. Tim and Tim discuss the items that they think are the most relevant to your financial situation and plan, including the stimulus payments, the expansion of the child tax credit, the unemployment compensation and benefits, and what to make of the student loan forgiveness provisions being tax-free through the end of December of 2025.

Mentioned on the Show

• Insuring Income: Get Quotes and Apply for Term Life and Disability Insurance
• Register for the free webinar: Student Loan Strategies for 2021
• The Pharmacist's Guide to Conquering Student Loans by Tim Church, PharmD
• America Rescue Plan Act of 2021
• US Department of the Treasury FACT SHEET: The American Rescue Plan Will Deliver Immediate Economic Relief to Families
• Coronavirus Aid, Relief, and Economic Security Act (CARES Act)
• Consolidated Appropriations Act, 2021
• Schedule a free Discovery Call with YFP Planning
• Work with a YFP Tax Pro
• IRS: Get My Payment
• Tax Cut and Jobs Act
• Kiplinger: 2021 Child Tax Credit Calculator
• COVID-19 Relief: The Latest from the Treasury Department

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 Hannah in Coal Valley, Illinois: What apps are good to use to invest in the stock market?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Robinhood
• Scottrade
• E*TRADE
• Vanguard
• TD Ameritrade
• Charles Schwab
• Fidelity
• Betterment
• Find Tim Baker on Peloton - YFP Peloton
• Schedule 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, Blair Thielemier, the creator of the Pharmapreneur Academy and the Elevate Pharmacy Summit, joins Tim Ulbrich to talk about ideas and strategies for how to monetize your clinical expertise, including where to start, how to know if you have a good idea and common barriers that pharmacists often have to face and overcome. Blair and Tim also discuss the upcoming Elevate Pharmacy Summit, where you can learn about building revenue with clinical service contracts so that you can help more patients while generating income along the way.

Mentioned on the Show

• YFP Planning: Financial Planning for Pharmacists
• Register for the Elevate Pharmacy Virtual Summit
• YFP 117: Three Bold Predictions for the Future of Pharmacy
• YFP 089: From Unemployed to Successful Pharmapreneur
• YFP 039: One Pharmacy Entrepreneur's Journey to Maximizing Income and Paying Off Student Debt
• Pharmapreneur Academy Blog
• Pharmapreneur Academy

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 Hilary in Madison, Wisconsin: What should I do if my part-time employer isn't withholding federal taxes on my paycheck?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Tax Withholding Estimator
• Work with a YFP Tax Pro
• 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, pharmacist, improv comedian, and motivational speaker, Cory Jenks, joins Tim Ulbrich to talk about how and why he got started with this side hustle, how it has improved his ability to connect with his patients, and how you, as a pharmacist, can apply the valuable skills of improv comedy to create a more adaptable, empathetic, and humanizing healthcare experience.

Mentioned on the Show

• Insuring Income: Get Quotes and Apply for Term Life and Disability Insurance
• YFP 134: One Couple's Coast FI Journey
• Improv Rx
• What is ImprovRX?
• American Journal of Pharmaceutical Education: Improvisational Exercises to Improve Pharmacy Students' Professional Communication Skills
• Cory Jenks Blog
• Cory Jenks: Pharmacist, Improv Comedian, Speaker
• Connect with Cory Jenks on LinkedIn
• Follow Cory Jenks on Twitter:@coryjenkspharmd
• Connect with Cory Jenks on Facebook
• Connect with Cory Jenks on Instagram: @pharmacomedian
• Email Cory Jenks: [email protected]

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