10 Takeways You've Had on a Discovery Call

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

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• Refinance Your Student Loans with Splash Financial
• SPIVA Data
• YFP 247: 10 Common Financial Mistakes Pharmacists Make
• YFP Real Estate Investing Podcast
• YFP Real Estate Investing 01: Intersection Between Financial Planning and Real Estate
• YFP 248: How 3 Pharmacists Had $700,000 of Student Loans Forgiven
• YFP Tax
• Your Financial Pharmacist Disclaimer and Disclosures