YFP Director of Business Development, Justin Woods, PharmD talks about 10 takeaways from more than 50 discovery calls he's conducted, where he has had a close look at the financial goals and concerns of pharmacists across the country.
Key Points From This Episode
- What YFP Planning has to offer clients and what discovery calls are.
- Why people feel guilty about their financial situation when seeking advice.
- The concerns clients have regarding saving up for retirement.
- The prevalence of questions and interest that Justin experiences regarding real estate.
- A brief outline of the concerns around repayment of student debt and the PSLF program.
- Why YFP Planning services are suited for non-pharmacists as well.
- The importance of involving both partners in the planning process.
- When is the best time to begin the financial planning process.
- Justin outlines some of the fees associated with the planning process.
- An explanation of the "fee-only" model that YFP Planning uses.
- Challenges around estimating the return on investment for clients.
- The benefits of coupling your financial plan with a tax plan.
Links Mentioned in Today's Episode
