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 Bonnie in Florida: How do I get started with a SIMPLE IRA?

Mentioned on the Show:

• YFP Planning
• Schwab SIMPLE IRA Plan for Employees
• Call Charles Schwab: 1-800-435-4000
• 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.

Sarah Cummins, a PGY2 Emergency Medicine Pharmacy Resident, joins Tim Ulbrich to talk about specific strategies to make the residency application process more affordable.

• Compare Multiple Lenders and Refinance Your Mortgage with Credible
• Sarah Cummins' Tips for Making the Residency Process More Affordable on Twitter
• ASHP Midyear 2020 Clinical Meeting & Exhibition Registration Information
• ASHP: Become a Member
• Gas Price Calculator
• Tollsmart
• SpotHero
• MegaBus
• Follow Sarah Cummins on Twitter: @sc_pharmd
• Join the YFP Facebook Group

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 Kristina in Dayton, Ohio: Will my parents be taxed for giving me money to pay down my student loans?

Mentioned on the Show:

• 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.

Tim Baker and Tim Ulbrich discuss how to best evaluate your employer benefits as you get ready to make selections during open enrollment.

Mentioned on the Show

• YFP Planning - Comprehensive Fee-Only Financial Planning for Pharmacists
• YFP 166: Why Negotiation is an Important Part of Your Financial Plan
• YFP 044: How to Determine Your Life Insurance Needs
• YFP 045: How to Determine Your Disability Insurance Needs
• Protect Your Income With Life and Disability Insurance
• 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
• Email Your Financial Pharmacist: [email protected]
• YFP 165: The Power of a Health Savings Account
• Join the YFP Facebook Group

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 Thanh in Durham, North Carolina: Should one still pursue a pharmacy career with the projected decline in the job market?

Mentioned on the Show:

• YFP Planning
• U.S. Bureau of Labor Statistics
• Pharmacist Demand Indicator
• National Matching Services: ASHP Residency Matching Statistics
• AACP 2020 Graduating Student Survey
• YFP 005: The Impact of Rising Student Debt on a Pharmacist's Income
• YFP 172: Should You Be Concerned About the Projected Decline of Pharmacy Jobs?
• 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.

Ryan Chaw, pharmacist and real estate investor, joins Tim Ulbrich to talk about how he built a six-figure rental portfolio, red flags to look out for as an investor and the method he uses to find good tenants.

• PolicyGenius: Shop for Life and Disability Insurance
• YFP 140: How Ryan is Bringing in $11,000 a Month Through College Town Real Estate Investing
• Bigger Pockets
• Real Estate Rookie 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
• The Millionaire Real Estate Investor by Gary Keller with Dave Jenks and Jay Papasan
• High Performance Habits: How Extraordinary People Become That Way by Brendon Burchard
• Newbie Real Estate Investing
• Join the YFP Facebook Group

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 Garrett in Cincinnati, Ohio: Can I retroactively certify payments into PSLF?

Mentioned on the Show:

• YFP Planning
• Public Service Loan Forgiveness Employment Certification Form
• FedLoan Servicing
• American Pharmacists Association (APhA): Financial Education
• AACP 2020 Graduating Student Survey
• 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.

Tim Ulbrich gives his thoughts on the outlook of the pharmacy job market, what to make of the U.S. Bureau of Labor Statistics' projection for a 3% decline in pharmacy jobs over the next 10 years, and how this impacts your financial situation and plan. Tim also shares 10 steps you can take now to hedge your financial plan against job loss or reduced hours.

• Fee-Only Comprehensive Financial Planning for Pharmacists
• Bureau of Labor Statistics: Pharmacist Job Outlook
• APJE: It Really Isn't That Simple by Lucinda Maine
• YFP 058: How Good is the ROI of the Pharmacy Degree? with Deeb Eid
• YFP 122: What Will be the Future of Pharmacy Practice? with Todd Sorensen
• Pharmacy Demand Indicator
• 2020 AACP Graduating Student Survey
• ASHP Residency Match Statistics
• 2019 National Pharmacist Workforce Study
• YFP 115: Financial Considerations for Job Loss or Reduced Hours
• YFP 026: Baby Stepping Your Financial Plan: The 2 Things to Focus on First
• The Pharmacist's Guide to Conquering Student Loans by Tim Church
• YFP 072: Investing Mind Tricks: How Behavioral Bias Affects Our Decisions
• YFP 073: How to Determine the Priority of Investing
• YFP 074: Evaluating Your 401(k) Plan
• YFP 075: DIY, Robo or Hire a Planner?
• YFP 076: Investing Rapid Fire Q&A
• YFP 171: How Austin Successfully Made the Financial Transition to New Practitioner with Austin Ulrich
• YFP 126: Going Beyond Six Figures Through Medical Writing with Brittany Hoffmann-Eubanks
• YFP 116: Transforming Your LIfe and Career Through Networking with David Burkus
• Friend of a Friend: Understanding the Hidden Networks that can Transform Your Life and Your Career by David Burkus
• APhA Financial Education
• Join APhA - Get 25% Off Your Membership with Code: YFP2020
• My Top 10 Financial Mistakes
• YFP Facebook Group
• YFP Financial Planning
• Schedule 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 Tiana in Portland, Oregon: Where can I find affordable health insurance if I don't qualify for it through an employer?

Mentioned on the Show:

• YFP Planning
• HealthCare.gov
• 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.

Austin Ulrich joins Tim Ulbrich to talk about how he and his family successfully navigated the financial transition from student pharmacist to resident to new practitioner. He discusses how they were able to become debt free while completing residency training, why and how he started a medical writing business, what it was like to finish residency and find a new job in the midst of a global pandemic and what they learned from their first home buying experience.

• Join APhA- Get 25% Off Your Membership with Code: YFP2020
• American Medical Writers Association (AMWA)
• Start: Punch Fear in the Face, Escape Average and Do Work That Matters by Jon Acuff
• Connect with Austin Ulrich on LinkedIn
• Ulrich Medical Writing
• American Society of Hospital Pharmacists (ASHP)
• Entrepreneurs on Fire with John Lee Dumas
• The School of Greatness with Lewis Howes