Are You on the Right Track for Retirement?

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