Tim Ulbrich and Tim Baker tackle questions from the YFP community on life insurance needs for expectant parents and eligibility for direct Roth IRA contributions.

Summary

On today’s episode, YFP Co-Founders Tim Ulbrich, PharmD and Tim Baker, CFP tackle two important questions from the YFP community.

First, they dive into how to project your life insurance needs when welcoming a new baby into the family. Then, Tim and Tim break down how Modified Adjusted Gross Income (MAGI) is calculated to help you determine if you’re eligible for direct Roth IRA contributions.

If you have a question you’d like featured on an upcoming episode, visit yourfinancialpharmacist.com/askyfp or email info@yourfinancialpharmacist.com.

Mentioned on the Show

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Life Insurance for Pharmacists: The Ultimate Guide
YFP Rx Money Roundup #18: Can I do a backdoor Roth IRA myself?
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YFP 401: Ask YFP: Roth IRA Eligibility & Estimating Life Insurance Needs