Physician Family Financial Advisors Podcast; Personal Finance For Doctors With Children podcast

Physician Family Financial Advisors Podcast; Personal Finance for Doctors with Children

Player FM - Internet Radio Done Right

تمت الإضافة منذ قبل four أعوام

المحتوى المقدم من W. Ben Utley and Nate Reineke, W. Ben Utley, and Nate Reineke. يتم تحميل جميع محتويات البودكاست بما في ذلك الحلقات والرسومات وأوصاف البودكاست وتقديمها مباشرة بواسطة W. Ben Utley and Nate Reineke, W. Ben Utley, and Nate Reineke أو شريك منصة البودكاست الخاص بهم. إذا كنت تعتقد أن شخصًا ما يستخدم عملك المحمي بحقوق الطبع والنشر دون إذنك، فيمكنك اتباع العملية الموضحة هنا https://ar.player.fm/legal.

<div class="span index">1</div> <span><a class="" data-remote="true" data-type="html" href="/series/all-about-change">All About Change</a></span>

1
All About Change

إلغاء الاشتراك

منذ 4 أياممنذ 4d ago

إلغاء الاشتراك

شهريا+

How do we build an inclusive world? Hear intimate and in-depth conversations with changemakers on disability rights, youth mental health advocacy, prison reform, grassroots activism, and more. First-hand stories about activism, change, and courage from people who are changing the world: from how a teen mom became the Planned Parenthood CEO, to NBA player Kevin Love on mental health in professional sports, to Beetlejuice actress Geena Davis on Hollywood’s role in women’s rights. All About Change is hosted by Jay Ruderman, whose life’s work is seeking social justice and inclusion for people with disabilities worldwide. Join Jay as he interviews iconic guests who have gone through adversity and harnessed their experiences to better the world. This show ultimately offers the message of hope that we need to keep going. All About Change is a production of the Ruderman Family Foundation. Listen and subscribe to All About Change wherever you get podcasts. https://allaboutchangepodcast.com/

Physician Family Financial Advisors Podcast; Personal Finance for Doctors with Children

منزل السلاسل•Feed

Are you a dedicated physician mom or dad, striving to balance your practice and family while securing your financial future? With the demands of work and family life, navigating the complexities of investment options, tax laws, and retirement planning can be overwhelming. Join W. Ben Utley and Nate Reineke, seasoned Certified Financial Planner™ professionals, on a mission to empower physician parents like you with the knowledge and tools needed to achieve long-term financial security. Through our podcast, we provide expert financial advice tailored to physicians, covering essential topics such as wealth management, retirement savings, tax-efficient investing, and estate planning. Gain valuable insights into wealth accumulation strategies, investment strategies, and asset allocation techniques to optimize your financial portfolio. Enhance your financial literacy with practical budgeting tips and learn how to set and achieve long-term financial goals. Discover effective risk management strategies to protect your assets and ensure a secure future for your family. Whether you're planning for retirement, saving for your children's education, or considering estate planning options, our podcast offers actionable advice to help you make informed decisions. Explore college savings plans, retirement income strategies, and specialized financial planning for physicians to maximize your financial well-being and investment. Subscribe now to our podcast to access guidance on navigating the complex world of finance and visit https://physicianfamily.com/podcast to learn more about how we can help you achieve financial peace of mind and secure your future investments See Marketing Disclosure at www.physicianfamily.com/disclosures

104 حلقات

#Trading #Business #Nate Reineke #W. Ben Utley #Family #Investing #Financialadvisor #Income #Parenting #Podcasting Education #W. Ben Utley and Nate Reineke #Physicians

Physician Family Financial Advisors Podcast; Personal Finance for Doctors with Children

updated منذ يومين

منزل السلاسل•Feed

104 حلقات

#Trading #Business #Nate Reineke #W. Ben Utley #Family #Investing #Financialadvisor #Income #Parenting #Podcasting Education #W. Ben Utley and Nate Reineke #Physicians

All episodes

Physician Family Financial Advisors Podcast; Personal Finance for Doctors with Children

1
Becoming a Physician Mom Again in your 40's! Now what? 36:03

منذ يومين36:03

التشغيل لاحقا

قوائم

إعجاب

احب

36:03

Introduction: Welcome to Physician Family Financial Advisors Podcast. In this episode, hosts Nate Reineke and Ben Utley address the joys and financial complexities of becoming a physician mom in your 40's, and what that means for your financial planning moving forward. Summary: Join Nate and Ben as they explore the financial considerations and strategies for physician families, particularly those experiencing major life changes like having another child later in life. They discuss how to balance short-term needs with long-term goals and the importance of saving for both college and retirement. The episode also touches upon direct primary care as a potentially less stressful approach for physicians. Key Highlights: - Welcoming New Additions: How becoming a mother again at 40 can impact financial planning and important steps to take. - Understanding the 401(k) and Defined Benefit Plans: Differences and similarities between these retirement saving options and how they affect your financial strategy. - Personal Anecdotes: Nate shares his own healthcare journey and reflects on how finding a direct primary care doctor mirrored the experience physician families might have when seeking financial advice. - Investment Anxiety: Navigating emotions of greed and fear in investment decisions and the importance of saving over potential high returns. - Making the Most of a Windfall: Insightful discussion on utilizing a large gift for purchasing a home, avoiding jumbos, and putting money towards college savings via a 529 plan. - Retirement Planning with Young Children: Challenges and solutions for planning retirement with young children, ensuring adequate college funds, and adjusting retirement timelines. - Alternative Practice Models: Exploring direct primary care and concierge medicine as potential practice options for burnt-out physicians and the financial implications of these models. Conclusion: Whether you’re navigating the financial implications of adding to your family, strategizing to maximize retirement savings, or considering a shift in your medical practice, listen in for valuable insights and actionable advice from Nate and Ben. Call to Action: For more information, visit www.physicianfamily.com Disclosure: See marketing disclosures at www.physicianfamily.com/disclosures Closing Thought: Remember, you’re not just making a living; you’re making a life. Pursue what lights you up!…

Physician Family Financial Advisors Podcast; Personal Finance for Doctors with Children

1
Physician forever home mortgage, why not pay points? 32:28

منذ 9 أيام32:28

32:28

Episode Summary: In this episode Nate Reineke and Ben Utley discuss the nuances of mortgage options for physicians, specifically focusing on the decision to pay points. The hosts explore the implications of mortgage rates, the impact of short-term versus long-term holding periods, and how physicians can navigate the complexities of home financing. Key Takeaways: - Understanding Mortgage Points: Purchasing points can lower mortgage interest rates, but the decision depends on how long the mortgage will be held. - Balancing Costs and Benefits: Evaluating whether to buy points should consider potential future interest rate changes and personal financial situations. - Mortgage Structures: Analyzing the pros and cons of different mortgage types, including fixed-rate and adjustable-rate options, is essential. - Market Conditions: Awareness of current market trends can inform decisions around mortgage rates and points, especially in fluctuating environments. - Client Experiences: Real-life examples from physicians help illustrate the practical considerations and emotional factors involved in mortgage choices. Call to Action: For more information, visit www.physicianfamily.com Disclosure: See marketing disclosures at www.physicianfamily.com/disclosures Closing Thought: Remember, you’re not just making a living; you’re making a life. Pursue what lights you up!…

Physician Family Financial Advisors Podcast; Personal Finance for Doctors with Children

1
Physicians ask, "What if Trump…?" 28:09

منذ 16 يومًا28:09

28:09

Episode Summary: In this episode, Nate Reineke and Ben Utley discuss the potential financial implications for physicians in light of recent political changes, particularly focusing on the questions surrounding government policies and public service loan forgiveness (PSLF). They also address listener inquiries about financial planning for 2025, including insights on donor advised funds (DAFs), retirement strategies, and health insurance considerations. Key Takeaways: - Impacts on Federal Benefits: The conversation regarding the safety of federal pensions and benefits under changing administrations is crucial for physicians with federal employee status. - Federal Employee Retirement System (FERS): Understanding how proposed changes may affect the Thrift Savings Plan and pension benefits is important for financial planning. - Public Service Loan Forgiveness (PSLF): Clarifications on how PSLF works and factors influencing eligibility should be top of mind for many physicians. - Investment Decisions: The discussion reflects on how political changes can lead to uncertainty in investment strategies, emphasizing the importance of long-term planning. - Value of a Financial Plan: Staying informed and prepared with a solid financial plan provides clarity amidst uncertainty. Call to Action: For more information, visit www.physicianfamily.com. Disclosure: See marketing disclosures at www.physicianfamily.com/disclosures. Closing Thought: Remember, you’re not just making a living; you’re making a life. Pursue what lights you up!…

Physician Family Financial Advisors Podcast; Personal Finance for Doctors with Children

1
What Physicians Should Think About Funding Their 529 plan 26:45

منذ 23 يومًا26:45

26:45

Episode Summary: In this episode, Nate Reineke and Ben Utley discuss important considerations for physicians when funding their 529 plans. The hosts share insights from personal experiences, highlight the significance of effective savings strategies, and address listener questions related to college savings and financial planning. Key Takeaways: - Funding a 529 Plan: Physicians should consider their financial goals and the educational needs of their children when deciding how to fund their 529 accounts. - Managing Bonuses: Strategies for directing quarterly bonuses into consistent savings can enhance overall financial stability. - Evaluating Financial Products: Understanding various financial products, including donor advised funds, plays a crucial role in effective tax management. - Balancing Family and Finances: The importance of balancing quality family time with financial responsibilities can lead to a more fulfilling life. Call to Action: For more information, visit www.physicianfamily.com. Disclosure: See marketing disclosures at www.physicianfamily.com/disclosures. Closing Thought: Remember, you’re not just making a living; you’re making a life. Pursue what lights you up!…

Physician Family Financial Advisors Podcast; Personal Finance for Doctors with Children

1
Turning Quarterly Physician Bonuses Into Monthly Savings 18:02

منذ 4 weeks18:02

18:02

Episode Summary: In this episode, Nate Reineke and Ben Utley explore strategies for turning quarterly physician bonuses into effective monthly savings. They share insights into managing unexpected income and address listener questions about donor advised funds (DAFs), retirement planning, and the impact of health insurance on financial goals for physicians. Key Takeaways: - Utilizing Quarterly Bonuses: Physicians can allocate quarterly bonuses to create a more stable monthly savings flow, helping to offset expenses and build wealth over time. - Tax Benefits of DAFs: Donor advised funds provide significant tax advantages for charitable contributions. - Building Educational Wealth: 529 accounts remain a practical strategy for families looking to save for college tuition. - Health Insurance Considerations: Incorporating health insurance costs into retirement plans is essential, with options available for delaying Medicare enrollment. - Retirement Account Strategies: A solid understanding of traditional and Roth retirement accounts can enhance overall tax efficiency. Call to Action: For more information, visit www.physicianfamily.com. Disclosure: See marketing disclosures at www.physicianfamily.com/disclosures. Closing Thought: Remember, you’re not just making a living; you’re making a life. Pursue what lights you up!…

Physician Family Financial Advisors Podcast; Personal Finance for Doctors with Children

1
What is the best college savings goal for doctors ? 34:51

منذ 5 weeks34:51

34:51

Episode Summary: In this episode, Nate Reineke and Ben Utley explore the best college savings goals for doctors. They discuss strategies for saving effectively for education expenses and address listener questions about donor advised funds (DAFs), 529 accounts, retirement planning, and the overall financial implications for medical professionals and their families. Key Takeaways: 1.Tax Benefits of DAFs: Donor advised funds may provide significant tax advantages when donating to charities. 2.Building Educational Wealth: 529 accounts serve as a practical method for families looking to save for college expenses. 3.Health Insurance Considerations: Physicians should factor in health insurance costs during retirement planning, including options for delaying Medicare enrollment. 4.Retirement Account Strategies: Understanding the differences between traditional and Roth retirement accounts contributes to effective tax planning. 5.Value of Relationships: Quality time with family enriches personal relationships and can impact financial priorities. Call to Action: For more information, visit www.physicianfamily.com. Disclosure: See marketing disclosures at www.physicianfamily.com/disclosures. Closing Thought: Remember, you’re not just making a living; you’re making a life. Pursue what lights you up!…

Physician Family Financial Advisors Podcast; Personal Finance for Doctors with Children

1
Can Donor Advised Funds Cut Doctors Taxes Twice ? 46:20

منذ 6 weeks46:20

46:20

Summary: In this episode, Nate Reineke and Ben Utley explore how donor advised funds (DAFs) can provide significant tax benefits for physicians. They return from their holiday break to answer important listener questions about DAFs, 529 accounts, retirement savings strategies, and the implications of health insurance on financial planning for doctors in 2025. Key Takeaways: 1. Tax Savings with DAFs: Donor advised funds provide an opportunity to reduce taxes twice—first when making donations and again during the distribution to charities. 2. Building Educational Wealth: 529 accounts serve as a tool for families to save for future educational expenses effectively. 3. Health Insurance Considerations: Physicians should consider health insurance costs as part of retirement planning, and options exist for delaying Medicare enrollment in certain situations. 4. Retirement Account Strategies: A solid understanding of the differences between traditional and Roth retirement accounts plays a significant role in tax efficiency. 5. Value of Time: Quality time with family may influence financial decisions and help shape priorities. Call to Action: For more information, visit www.physicianfamily.com. Disclosure: See marketing disclosures at www.physicianfamily.com/disclosures. Remember, you’re not just making a living; you’re making a life. Pursue what lights you up!…

Physician Family Financial Advisors Podcast; Personal Finance for Doctors with Children

1
What will the biggest physician financial question be for 2025 25:22

منذ 7 weeks25:22

25:22

Episode Summary: In this episode, Nate Reineke and Ben Utley explore what the biggest physician financial question will be for 2025. They kick off the new year by addressing listener questions about financial planning strategies, touching on important topics such as 529 accounts, target date funds versus robo-advisors, Medicare enrollment, and mortgage payoff decisions. Key Takeaways: 1. 529 accounts can effectively build educational wealth for future generations, especially for families with children planning to pursue further education. 2. Target date funds offer a more automated investment approach, while robo-advisors provide tailored strategies based on individual risk tolerance and tax situations. 3. Physicians can delay Medicare enrollment under specific conditions, allowing them to maintain their current insurance for longer. 4. Deciding whether to pay off a mortgage or prioritize retirement savings involves weighing personal values against financial strategies. Call to Action: For more information, visit www.physicianfamily.com. Disclosure: See marketing disclosures at www.physicianfamily.com/disclosures. Remember, you’re not just making a living; you’re making a life. Pursue what lights you up!…

Physician Family Financial Advisors Podcast; Personal Finance for Doctors with Children

1
Cracking The Purpose Code with Jordan Grumet MD 37:13

منذ 8 weeks37:13

37:13

Episode Summary: Join Nate Reineke and Ben Utley as they welcome Jordan Grumet, also known as Doc G, author of The Purpose Code and host of the Earn and Invest podcast. They discuss the vital connection between purpose and financial well-being, providing insights on navigating burnout and rediscovering joy in the medical profession. Guest Info: Jordan Grumet, born in Evanston, Illinois in 1973, found the spark to become a doctor after a deeply personal event reshaped his life’s trajectory. The unexpected loss of his father, an oncologist, ignited a passion within him to practice medicine and instilled a unique vantage point that later melded seamlessly with his financial expertise. Completing his studies at the University of Michigan, Jordan earned his medical degree from Northwestern University before embarking on a journey in Internal Medicine in Northbrook, Illinois. Presently, he serves as an associate medical director at Unity Hospice. With a profound understanding of both medicine and finance, Jordan unveiled his thoughts through blogging, specifically focusing on financial independence and wellness. This passion culminated in the launch of the Earn & Invest podcast in 2018, which received the Plutus Award for Best New Personal Finance Podcast in 2019 and subsequent nominations for Best Personal Finance Podcast of the Year in 2020 and 2021. In August 2022, Jordan published Taking Stock: A Hospice Doctor’s Advice on Financial Independence, Building Wealth, and Living a Regret-Free Life with Ulysses Press. His second book, The Purpose Code, will be published in January 2025 by Harriman House Press. Jordan’s journey intertwines medical insight and financial wisdom, resonating deeply with those seeking a balanced, meaningful life. Resources Mentioned: - The Purpose Code by Jordan Grumet: https://jordangrumet.com/books/ - Taking Stock by Jordan Grumet: https://jordangrumet.com/books/ - Earn and Invest Podcast: https://www.earnandinvest.com/episodes-9 Call to Action: For more information, visit www.physicianfamily.com. Disclosure: See marketing disclosures at www.physicianfamily.com/disclosures. Closing Thought: Remember, you're not just making a living, you're making a life. Pursue what lights you up!…

Physician Family Financial Advisors Podcast; Personal Finance for Doctors with Children

1
Interest Rates: What doctors need to know now 31:20

منذ 11 weeks31:20

31:20

Episode Overview: In this episode, Ben Utley and Nate Reineke address the important topic of interest rates and how they might affect your financial decisions as a healthcare professional. They explore the potential impact on your investment portfolio and offer considerations for mortgage refinancing, aiming to provide insights that could be valuable for your financial management. Key Highlights: 1. Understanding Interest Rates: - Ben and Nate discuss how interest rates can influence your investment choices and highlight the importance of staying informed to enhance your financial planning. 2. Investment Policy Statements: - The hosts outline how an investment policy statement can serve as a useful tool for guiding your investment strategies and helping you maintain financial discipline. 3. 529 Plans and College Savings: - You'll learn about strategies related to front-loading 529 plans to maximize tax benefits and compound interest, supporting your efforts to fund your children's education. 4. Managing Cash Reserves for Home Purchases: - Ben advises against investing cash reserves that you plan to use for home purchases in stocks. Instead, he suggests considering high-yield savings accounts to keep your funds accessible and secure. 5. Choosing Appropriate Health Plans: - The episode discusses how to choose between high-deductible and low-deductible health plans, particularly if you have chronic conditions, helping you make the most of Health Savings Accounts (HSAs). 6. Understanding Mortgage Refinancing: - Ben explains when it could make sense for you to refinance your mortgage, emphasizing the need to analyze current rates in light of your financial situation. 7. Impact on Student Loans: - The hosts address how interest rates might influence your student loan refinancing decisions, providing guidance on when it could be wise to explore new loan terms. Actionable Advice: Get Personalized Financial Advice: For tailored financial guidance that suits your needs, visit www.physicianfamily.com to connect with a professional advisor. Have a Question? Send your questions to podcast@physicianfamily.com or call 503-308-8733, and your query might be featured in a future episode! Resources Mentioned: Retirement Wellness Check: Assess how well-prepared you are for retirement at PhysicianFamily.com/Quiz. Disclaimer: See marketing disclosures at www.physicianfamily.com/disclosures.…

Physician Family Financial Advisors Podcast; Personal Finance for Doctors with Children

1
How Much Crypto Should Doctors Own? 21:26

منذ 12 weeks21:26

21:26

Episode Overview: In this episode, Ben Utley and Nate Reineke tackle the question of how much cryptocurrency is appropriate for doctors to own. They cover important considerations, such as the lack of inherent value in crypto compared to traditional investments like stocks and bonds. This episode also addresses a variety of financial topics relevant to physician families, from 529 plan strategies to managing cash reserves and understanding investment policy statements. Key Highlights: 1.Cryptocurrency for Physicians: -Ben and Nate explore whether doctors should own cryptocurrency and conclude that, given the lack of inherent value, "zero ownership" is acceptable. They emphasize the importance of understanding the speculative nature of crypto investments. 2.Investment Policy Statements: -The hosts explain the role of an investment policy statement in guiding individual investment strategies and maintaining a disciplined approach to personal finance. 3.529 Plans and College Savings: -They discuss the benefits of front-loading 529 plans to capitalize on tax-free growth and compound interest, while advising on flexibility for college funding strategies. 4.Managing Cash Reserves for Home Purchases: -Ben advises against investing cash intended for home purchases in short time frames, recommending high-yield savings accounts instead to keep funds accessible for future needs. 5.Choosing Health Plans for Families: -The episode examines selecting between high-deductible and low-deductible health plans, particularly for physicians with chronic conditions, and optimizing HSAs. Actionable Advice: Get Personalized Financial Advice: For tailored financial guidance that suits your needs, visit www.physicianfamily.com to connect with a professional advisor. Have a Question? Send your questions to podcast@physicianfamily.com or call 503-308-8733, and your query might be featured in a future episode! Resources Mentioned: Retirement Wellness Check: Assess how well-prepared you are for retirement at PhysicianFamily.com/Quiz. Disclaimer: See marketing disclosures at www.physicianfamily.com/disclosures.…

Physician Family Financial Advisors Podcast; Personal Finance for Doctors with Children

1
Can Physicians with Chronic Conditions Benefit from HSA? 22:14

منذ 13 weeks22:14

22:14

Episode Overview: In this episode, Ben Utley and Nate Reineke address the question: Can Physicians with Chronic Conditions Benefit from HSAs? They tackle various financial inquiries from listeners, offering insights and advice crafted for physician families. The discussion covers topics such as the use of 529 funds, strategies for Roth IRA conversions, optimizing 403(b) contributions, and maximizing benefits from health savings accounts (HSAs), particularly for those with chronic conditions. Key Highlights: 1. Using 529 Plans: - Ben and Nate explain the scope of using 529 funds, highlighting their suitability for college savings but noting they are not designed for private preschool expenses. 2. Roth IRA Conversions: - The hosts discuss considerations when converting gains in a backdoor Roth IRA, emphasizing tax implications and the need for clarity on IRA rules. 3. 403(b) Contributions: - Insights into maximizing contributions to 403(b) plans are shared, especially for physicians with both mandatory and voluntary contribution options, allowing them to potentially exceed standard limits. 4. Tax Strategies Around IRAs: - Ben provides detailed guidance on managing IRAs with both pre-tax and post-tax contributions, focusing on basis management and conversion strategies for improved tax efficiency. 5. Health Plan Optimization: - The discussion addresses the management of health plans, examining the use of HSAs alongside FSAs, and providing strategies for choosing between high-deductible and PPO plans. 6. Can Physicians with Chronic Conditions Benefit from HSAs?: - The hosts explore the potential advantages of HSAs for physicians with chronic health conditions, considering how careful plan structuring may offer financial benefits despite high medical costs. Actionable Advice: Get Personalized Financial Advice: For tailored financial guidance that suits your needs, visit www.physicianfamily.com to connect with a professional advisor. Have a Question? Send your questions to podcast@physicianfamily.com or call 503-308-8733, and your query might be featured in a future episode! Resources Mentioned: Retirement Wellness Check: Assess how well-prepared you are for retirement at PhysicianFamily.com/Quiz. Disclaimer: This episode is for informational purposes only and not intended as financial advice. See marketing disclosures at www.physicianfamily.com/disclosures.…

Physician Family Financial Advisors Podcast; Personal Finance for Doctors with Children

1
Why should physicians own bonds? 38:27

منذ 14 weeks38:27

38:27

Episode Overview: In this episode, Ben Utley and Nate Reineke discuss the often-overlooked topic of bonds and their role in a physician's investment portfolio. The conversation addresses a listener's question about the various types of bonds and how they could fit into a diversified investment strategy. Key Highlights: 1.Understanding Bonds: - Ben and Nate explain that bonds function as loans and can provide steady income, contrasting them with the volatility associated with stocks. - They outline different types of bonds, including Treasury bonds, municipal bonds, and corporate bonds, highlighting their unique characteristics. 2.The Role of Bonds in Investment Portfolios: - The hosts address why bonds may help reduce overall portfolio risk and provide stability, especially as one approaches retirement. - They explore the common misconception that bonds may underperform compared to equities, while discussing how bonds might provide protective benefits during market downturns. 3.Strategies for Bond Investment: - Ben and Nate clarify the importance of appropriate bond allocation within a portfolio and suggest that diversified bond funds might be preferred over individual bonds. - They highlight tax considerations related to different types of bonds and the significance of placing them in the right investment accounts. 4. Is Investing in a Variety of Bonds Necessary? - They respond to a listener's inquiry about the necessity of investing in a variety of bond types, suggesting that a diversified bond fund could be suitable for many investors. Actionable Advice: Get Personalized Financial Advice: For tailored financial guidance that suits your needs, visit www.physicianfamily.com to connect with a professional advisor. Have a Question? Send your questions to podcast@physicianfamily.com or call 503-308-8733, and your query might be featured in a future episode! Resources Mentioned: The Overtaxed Doctor's Retirement Investing Checklist: www.physicianfamily.com/go Are you getting all the tax breaks you deserve? Download your checklist here to ensure you’re maximizing your opportunities. Disclaimer: See marketing disclosures at www.physicianfamily.com/disclosures.…

Physician Family Financial Advisors Podcast; Personal Finance for Doctors with Children

1
Should physicians who plan to work as long as possible have an aggressive investment portfolio? 25:31

منذ 15 weeks25:31

25:31

Episode Overview: In this episode, Ben Utley and Nate Reineke explore the complexities of maintaining an aggressive investment portfolio for physicians who might work well into their later years. The discussion addresses how long-term career goals could influence investment strategies, considering factors like risk tolerance, market conditions, and personal financial objectives. Key Highlights: 1. Eligibility Criteria for Solo 401(k)s: - Ben and Nate clarify the eligibility requirements for solo 401(k)s, particularly for those earning both W-2 and 1099 income. 2.Distinctions Between HSAs and FSAs: - They explain the differences between Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs), focusing on scenarios where individuals might be able to hold both. 3.Investment Strategy for Longevity: - The hosts discuss the option of considering a higher stock allocation for physicians who plan to work indefinitely. - They examine the potential effects of market fluctuations on long-term investments and how personal comfort with risk could influence decisions. 4. Managing 401(k) and 403(b) Accounts: - Ben and Nate discuss the process of rolling over traditional and Roth funds into new retirement plans or IRAs. - They highlight the importance of understanding the rules and options available for effective retirement account management. 5. 529 College Savings Plans: - The conversation centers on planning strategies for college savings as expenses approach. The hosts explore balancing investment risk with the need for financial stability during the lead-up to college. Actionable Advice: Get Personalized Financial Advice: For tailored financial guidance that suits your needs, visit www.physicianfamily.com to connect with a professional advisor. Have a Question? Send your questions to podcast@physicianfamily.com or call 503-308-8733, and your query might be featured in a future episode! Resources Mentioned: The Overtaxed Doctor's Retirement Investing Checklist: www.physicianfamily.com/go Are you getting all the tax breaks you deserve? Download your checklist here to ensure you’re maximizing your opportunities. Disclaimer: See marketing disclosures at www.physicianfamily.com/disclosures.…

Physician Family Financial Advisors Podcast; Personal Finance for Doctors with Children

1
Should physicians pay off their mortgage or invest more before retiring ? 28:31

منذ 16 weeks28:31

28:31

Episode Overview: In this episode, Ben Utley and Nate Reineke discuss the question of whether it might be advisable for physicians to prioritize paying off their mortgage or investing additional resources as they approach retirement. The discussion highlights the balance between managing debt and exploring investment opportunities while addressing the unique financial challenges faced by physician families. Through professional insights, the hosts aim to help listeners make informed decisions that align with individual financial goals. Key Highlights: 1. Transition to Empty Nesting: - The hosts explore how the transition to becoming an empty nester could impact financial planning, including potential shifts in priorities and expenses. 2. Prioritizing Financial Goals: - The discussion emphasizes the need for clarity around individual financial goals, particularly in managing student loans and mortgage payments. - Nate highlights that establishing a solid financial plan is important, regardless of one’s current financial situation. 3. Life Insurance Considerations: - The hosts discuss the importance of evaluating life insurance needs in relation to mortgage payments, ensuring families could be adequately covered during critical life stages. - They stress the necessity for life insurance to align with long-term financial goals and responsibilities. 4. Evaluating Investment Options: - Ben and Nate provide a comprehensive look at the decision to invest versus paying down debt, weighing potential returns of investments against the costs of maintaining a mortgage. - They include insights on market conditions and the implications of carrying a mortgage into retirement. 5. Importance of Emergency Funds: - The hosts highlight that maintaining an adequate emergency fund is essential before making aggressive decisions regarding debt repayment or investing. - They discuss how having a financial cushion can provide peace of mind and protect against unexpected expenses. 6. The Role of Professional Guidance: - Ben and Nate emphasize the value of working with financial advisors to navigate the complexities of these decisions. - They encourage families to seek professional advice tailored to their unique circumstances to optimize potential financial outcomes. Actionable Advice: Get Personalized Financial Advice: For tailored financial guidance that suits your needs, visit www.physicianfamily.com to connect with a professional advisor. Have a Question? Send your questions to podcast@physicianfamily.com or call 503-308-8733, and your query might be featured in a future episode! Resources Mentioned: The Overtaxed Doctor's Retirement Investing Checklist: https://www.physicianfamily.com/go Are you getting all the tax breaks you deserve? Download your checklist here to ensure you’re maximizing your opportunities. Disclaimer: See marketing disclosures at www.physicianfamily.com/disclosures.…

مرحبًا بك في مشغل أف ام!

يقوم برنامج مشغل أف أم بمسح الويب للحصول على بودكاست عالية الجودة لتستمتع بها الآن. إنه أفضل تطبيق بودكاست ويعمل على أجهزة اندرويد والأيفون والويب. قم بالتسجيل لمزامنة الاشتراكات عبر الأجهزة.

الاستماع إلى +500 موضوع

everydrop by Whirlpool Ice and Water Refrigerator Filter 1, EDR1RXD1, Single-Pack , Purple

The Let Them Theory: A Life-Changing Tool That Millions of People Can't Stop Talking About

TERRO T300B Liquid Ant Killer, 12 Bait Stations

المدونة الصوتية تستحق الاستماع

Physician Family Financial Advisors Podcast; Personal Finance for Doctors with Children

Physician Family Financial Advisors Podcast; Personal Finance for Doctors with Children

المدونة الصوتية تستحق الاستماع

مرحبًا بك في مشغل أف ام!

The Let Them Theory: A Life-Changing Tool That Millions of People Can't Stop Talking About

The Let Them Theory: A Life-Changing Tool That Millions of People Can't Stop Talking About

Sunrise on the Reaping (A Hunger Games Novel) (The Hunger Games)

Clean Skin Club Clean Towels XL™, 100% USDA Biobased Face Towel, Disposable Face Towelette, Eczema Association Accepted, Makeup Remover Dry Wipes, Ultra Soft, 50 Ct, 1 Pack

The Let Them Theory: A Life-Changing Tool That Millions of People Can't Stop Talking About

دليل مرجعي سريع