Shows
Your Financial PharmacistYFP 430: Navigating Financial Windfalls: Planning for the UnexpectedTim & Tim discuss how to handle a windfall or inheritance with clarity emotionally, financially, and strategically during the biggest wealth transfer in U.S. history. This episode is brought to you by the American Pharmacists Association (APhA). Episode Summary Handling a windfall or inheritance isn't just about the money—it's an emotional, relational, and identity-level shift. Whether it's an inheritance, equity payout, stock options vesting, or another financial surprise, the "right" next step can feel overwhelming. Many people think the challenge is how to invest a large sum… but the real challenge often begi...
2025-12-0450 min
Dynamic Golf Podcast"Teeing Up Success: Tim Baker's Journey in Golf"Description:** Join us on this episode of the Dynamic Golf Podcast as we sit down with Tim Baker, a dedicated figure in the golf industry and former president of the West Central Chapter of the PGA. Tim shares his unique career path, detailing how he has built a fulfilling life around his passion for golf—making it the only job he's ever had. We delve into the importance of work-life balance in the pursuit of a career in golf and discuss Tim's commitment to the West Central Chapter, including his initiatives to support assistant PGA professionals in overcoming the fi...
2025-11-1337 min
Your Financial PharmacistYFP 428: Pay Off the Mortgage Early or Invest?Tim & Tim discuss whether to pay off your mortgage early or invest, breaking down math, mindset, and goals for 2025's financial landscape. This episode is brought to you by First Horizon. Episode Summary In this episode of the YFP podcast, co-hosts Tim Ulbrich, PharmD, and Tim Baker, CFP®, RICP®, RLP® revisit the frequently asked question: 'Should I pay off my mortgage early or invest the difference?' They discuss how the changing financial landscape, including rising interest rates, market volatility, and inflation, impacts this decision in 2025. They explore the math, emotional factors, and per...
2025-11-0642 min
Your Financial PharmacistYFP 427: Passive vs Active Investing: Is the Debate Over?Tim & Tim unpack passive vs. active investing, fees, behavior, and why YFP takes an "actively passive" approach to help pharmacists reach goals. Episode Summary In this episode of the YFP podcast, co-hosts Tim Ulbrich, PharmD and Tim Baker, CFP®, RICP®, RLP® dive into the ongoing debate of passive versus active investing. They break down the definitions of each strategy, discuss where each might fit into a pharmacist's financial plan, and analyze the impact of fees and behavioral factors. Drawing insights from Charles Ellis's The Index Revolution and Dr. Daniel Crosby's The Behavioral Investor, the...
2025-10-3148 min
Your Financial PharmacistYFP 425: Beyond the Numbers: Life Planning for RetirementRetirement isn't just about the numbers. Tim Ulbrich, PharmD and Tim Baker, CFP® and Registered Life Planner, explore how life planning can help you design a retirement filled with purpose, meaning, and fulfillment, not just financial security. Episode Summary When it comes to preparing for retirement, most conversations focus on the financial side—things like income planning, Social Security timing, withdrawal strategies, and tax-efficient investing. But true retirement readiness goes beyond the numbers. In this episode, Tim Ulbrich, PharmD, is joined by Tim Baker, CFP® and Registered Life Planner, to explore how life plann...
2025-10-0950 min
Your Financial PharmacistYFP 422: Common HSA Mistakes and How to Avoid ThemHealth Savings Accounts (HSAs) are a modest but mighty tool for healthcare and retirement planning with a rare triple-tax advantage. Tim Ulbrich and Tim Baker share 2025 limits, key benefits, and common mistakes pharmacists make. This episode is brought to you by First Horizon. Mentioned on the Show First Horizon's Pharmacist Home Loan YFP Blog: Why I'm Not Using My Health Savings Account to Pay for Medical Expenses YFP 165: The power of a Health Savings Account Reference: Investment News Barron's YFP 124: The Behavioral Investor with Dr. Daniel Crosby Your Financial Pharmacist Your Financial Pharmacist on...
2025-09-1142 min
Your Financial PharmacistYFP 421: Whole Life Insurance: Do You Need It?Tim Ulbrich and Tim Baker tackle one of the most common questions we hear from pharmacists: "Do I need this whole life insurance policy?" They dive into who needs coverage, common misconceptions, and why the "buy term and invest the difference" strategy may be the smarter approach. This episode is brought to you by APhA. Episode Summary YFP Co-Founder & CEO, Tim Ulbrich, PharmD, and YFP Co-Founder & COO, Tim Baker, CFP®, RLP®, RICP®, tackle one of the most common questions we hear from pharmacists: "Do I need this whole life insurance policy?" We'v...
2025-09-0441 min
Your Financial PharmacistYFP 419: Shaping the Future of Pharmacy: Meet the 2025 YFP Gives Scholarship WinnersIn this special episode, Tim Ulbrich introduces the winners of the YFP Gives scholarship. Deja Preusser, Zipporah Williams, Michaela Martin-Worley, Julia Miller, and Mildred Asamoah share their inspiring stories, showcasing the drive, resilience, and vision of the next generation of pharmacy leaders. Episode Summary YFP Co-Founder & CEO, Tim Ulbrich, PharmD introduces the five recipients of the 2025 YFP Gives Scholarship. These inspiring stories reflect the passion, perseverance, and leadership of the next generation of pharmacy professionals. The 2025 YFP Gives scholarship winners are Deja Preusser, Zipporah Williams, Michaela Martin-Worley, Julia Miller, and Mildred Asamoah.
2025-08-2145 min
Your Financial PharmacistYFP 414: Ask YFP: When Should I Contribute to Roth vs. Traditional Accounts?Wondering whether to contribute to a Roth or Traditional retirement account? Tim Ulbrich and Tim Baker break down key factors like tax brackets, Roth 401(k) access, and long-term planning tips to help you decide. Episode Summary One of the most common questions we get is: Should I contribute to a Roth or Traditional retirement account? In this episode, YFP Co-Founder & CEO, Tim Ulbrich, PharmD, and YFP Co-Founder & COO, Tim Baker, CFP®, RLP®, RICP®, break down the key factors to consider when deciding between Roth and Traditional contributions, including: ✅ Your current and proje...
2025-07-1013 min
Your Financial PharmacistYFP 413: 7 Key Financial Considerations During a Job TransitionThinking about changing jobs or just got promoted? In this episode, Tim and Tim cover 7 key financial considerations, from negotiating offers to managing benefits, to help you navigate the transition with clarity and confidence. Episode Summary If you recently changed jobs or just landed a promotion, congratulations! A new opportunity, whether internal or external, often brings exciting possibilities…and important financial decisions. In this episode, 7 Key Financial Considerations During a Job Transition, YFP Co-Founder & CEO, Tim Ulbrich, PharmD is joined by YFP Co-Founder & COO, Tim Baker, CFP®, RLP®, RICP® to walk you through the m...
2025-07-0348 min
Your Financial PharmacistYFP 412: Does a 1% Fee Really Cost You 25% of Returns?Does a 1% AUM fee really cost you 25% of your returns? Tim Ulbrich and Tim Baker run the numbers and give you a framework to evaluate the real cost and the real value of financial planning. Episode Summary YFP Co-Founder & CEO, Tim Ulbrich, PharmD, and YFP Co-Founder & COO, Tim Baker, CFP®, RLP®, RICP®, tackle a common concern about working with a financial advisor: Does paying a 1% fee for assets under management (AUM) really eat away a quarter of your investment gains over time? We run the actual numbers using compound interest calculators to see how...
2025-06-2620 min
Your Financial PharmacistYFP 408: What Should You Do With an Old 401(k)?What should you do with an old 401(k)? Tim Ulbrich and Tim Baker explore your options, common pitfalls, rollover strategies, and how to make smart moves with old retirement accounts after leaving a job. Summary When you leave a job, what happens to the retirement account you left behind? In this episode, YFP Co-Founder & CEO, Tim Ulbrich, PharmD, and YFP Co-Founder & COO, Tim Baker, CFP®, RLP®, RICP®, take a deep dive into the important financial decisions surrounding old employer-sponsored retirement plans, such as 401(k)s and 403(b)s. Tim and Tim discuss the imp...
2025-05-2949 min
Your Financial PharmacistYFP 407: Ask YFP: Using 529s for Student Loans & Buying Bitcoin EfficientlyTim Ulbrich and Tim Baker answer two questions from the YFP community on using 529 funds for student loans and the most cost-efficient ways to invest in digital assets like Bitcoin. Summary In this episode, YFP Co-Founder & CEO Tim Ulbrich, PharmD, is joined by YFP Co-Founder & COO Tim Baker, CFP®, RLP®, RICP®, to answer two insightful financial questions from the YFP community. First, they explore whether it makes sense to use 529 plan funds to pay off student loans. Tim and Tim break down the relevant provisions of the SECURE Act, highlight key limitations and tax...
2025-05-1534 min
Your Financial PharmacistYFP 405: Navigating Retirement Income: How to Turn Assets into a PaycheckHow do you turn your retirement savings into a reliable paycheck? In this episode, YFP Co-Founder & CEO, Tim Ulbrich, PharmD, and YFP Co-Founder & COO, Tim Baker, CFP®, RLP®, RICP®, break down three common strategies for building a retirement paycheck — including how each works, who they're best for, and the pros and cons to consider. Summary How do you turn your retirement savings into a reliable paycheck? In this episode, YFP Co-Founder & CEO, Tim Ulbrich, PharmD, is joined by YFP Co-Founder & COO, Tim Baker, CFP®, RLP®, RICP®, to explore three common retirement income strategies: the flooring strategy, bucket s...
2025-05-0152 min
Your Financial PharmacistYFP 404: 5 Key Questions to Ask Before Hiring a Financial PlannerTim Ulbrich, PharmD, and Tim Baker, CFP®, break down how to find the right financial planner—covering what planners really do, how they're paid, and the questions to ask—so you can move forward with clarity and confidence. This episode is brought to you by First Horizon. Summary Not sure who to trust with your finances—or if you even need a financial planner? In this episode, Tim Ulbrich, PharmD and Tim Baker, CFP® dive into what a great financial planner does beyond providing investment advice, and how they can help you navigate life's f...
2025-04-241h 19
Science Of The TimesSPECIAL EDITION - Interview with David Baker 2024 Nobel Prize winner for ChemistrySyma and Tim are joined by Nobel Laureate David Baker, one of the winners of the 2024 Nobel Prize for Chemistry for his work on computational protein design. This follows the interview with Tim Jenkins, and Susana Vasquez in Episode 7 who worked with David. After the interview Tim asks Syma to explain in simple terms the process of protein design and what may be possible in the future.
2025-04-1312 min
Your Financial PharmacistYFP 401: Ask YFP: Roth IRA Eligibility & Estimating Life Insurance NeedsTim 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. I...
2025-03-2715 min
Your Financial PharmacistYFP 397: The Art of Rebalancing: Maintaining Your Investment PortfolioTim Baker, CFP®, RICP®, RLP® and Tim Ulbrich, PharmD discuss the importance of maintaining a balanced asset allocation, the nuances of risk tolerance and capacity, and the different accounts you should be rebalancing. Brought to you by First Horizon. Summary In this episode, Tim Baker, CFP®, RICP®, RLP®, and Tim Ulbrich, PharmD, explore the essentials of rebalancing your investment portfolio. Tim and Tim discuss asset allocation, risk tolerance, and key accounts to rebalance. They also highlight common mistakes and effective rebalancing strategies for long-term investment success. Mentioned on the Show
2025-02-2730 min
Your Financial PharmacistYFP 396: Managing Money Together: Strategies for CouplesTim Ulbrich, PharmD, and Tim Baker, CFP®, RICP®, RLP® dive into the challenges and rewards of managing money in a relationship. Summary In this episode, Tim Ulbrich, PharmD, and Tim Baker, CFP®, RICP®, RLP® dive into the challenges and rewards of managing money in a relationship. They break down how different approaches—whether merging finances completely, keeping some things separate, or managing everything individually—can impact your financial harmony. Through real-life insights, Tim and Tim highlight the power of open communication, understanding each other's money habits, and creating a shared financial vision. They also discu...
2025-02-201h 01
Your Financial PharmacistYFP 393: Ask YFP: Growing Your Income & Saving for Kids College SavingsYFP Co-Founders, Tim Ulbrich and Tim Baker answer two listener submitted questions about growing income and saving for your child's college education. Summary In this episode, Tim Ulbrich, PharmD and Tim Baker, CFP tackle two listener submitted questions. Cory from Arizona seeks advice on how pharmacists, in addition to cutting expenses, can increase their income to achieve their financial goals. Amanda from Minnesota, inquires about 529 college savings plans and balancing it with other financial priorities. Mentioned on the Show YFP YouTube Channel YFP Blog: 19 Ways to Make Extra Money as a Pharmacist...
2025-01-2328 min
Your Financial PharmacistYFP 392: Keeping Your Investment Portfolio FITTim Baker, CFP®, and Tim Ulbrich, PharmD, share strategies to address fees, inflation, and taxes, helping you keep your investment portfolio fit and achieve your financial goals. Summary In this episode, Tim Baker, CFP® and Tim Ulbrich, PharmD discuss a crucial topic related to personal finance: keeping your investment portfolio fit. Tim and Tim explore three silent threats to your investments—fees, inflation, and taxes. Learn practical strategies to manage fund fees, mitigate inflation's impact, and use tax-efficient approaches to safeguard your portfolio. Whether you're starting to save or nearing retirement, this episode deli...
2025-01-1639 min
Your Financial PharmacistYFP 387: Cryptocurrency & Digital Assets: Investment Considerations and Tax ImplicationsIn part two of their cryptocurrency series, YFP Co-Founders Tim Baker and Tim Ulbrich discuss spot Bitcoin ETFs, the IRS's stance on cryptocurrency, and strategies for incorporating digital assets into long-term portfolios. This episode is brought to you by First Horizon. Summary This week in part two of the series on cryptocurrency and digital assets, YFP Co-Founders Tim Baker, CFP and Tim Ulbrich, PharmD explore the recent introduction of spot Bitcoin ETFs and how they differ from investing directly in Bitcoin. Tim and Tim also discuss the IRS's perspective on cryptocurrency and key c...
2024-12-0533 min
Your Financial PharmacistYFP 386: Cryptocurrency & Digital Assets: Definitions, Origins, and RisksTim Ulbrich and Tim Baker discuss cryptocurrency, examining its advantages like decentralization and transparency and risks such as volatility and regulatory uncertainty. Summary In this first episode of a two-part series on cryptocurrency and digital assets, YFP Co-Founders Tim Ulbrich and Tim Baker explore the world of digital finance and its relevance in today's financial landscape. Tim and Tim unpack essential terms and explore how the 2008 financial crisis served as a catalyst for the rise of cryptocurrency, with Bitcoin leading the charge. The discussion highlights the unique advantages of digital assets, such as...
2024-11-2836 min
Your Financial PharmacistYFP 384: Beyond Salary: Negotiating Your Value in the WorkplaceYFP Co-Founders Tim Baker and Tim Ulbrich discuss essential negotiation skills inspired by Chris Voss's book Never Split The Difference, covering key strategies to boost your financial plan, mindset, and confidence. Summary In this episode, YFP Co-Founders Tim Baker and Tim Ulbrich have a valuable conversation on negotiation—an essential skill that impacts not only finances but also mindset and confidence. Inspired by Chris Voss's book Never Split The Difference, Tim and Tim explore negotiation techniques drawn from Voss's experience as a former FBI hostage negotiator and break down why negotiation is vital for your fi...
2024-11-1449 min
Your Financial PharmacistYFP 382: Living & Leaving a Legacy with Joe BakerJoe Baker, personal finance instructor, returns for inspiring conversation about purposeful living, the power of mentorship, and the enduring impact of a life well-lived. Summary In this episode, we welcome back Joe Baker, MBA for his third appearance on the show. Joe first joined us in 2019 with his former student Blake Johnson, where they shared the inspiring story of their debt-free journey, highlighting the pivotal role Joe played in Blake's success. In 2020, Joe returned to discuss his book, Baker's Dirty Dozen Principles for Financial Independence, sharing his expert insights on achieving financial freedom. ...
2024-10-3147 min
Your Financial PharmacistYFP 380: Understanding & Improving Your CreditTim Ulbrich and Tim Baker discuss the role of credit in financial planning: why it matters, how it works, what makes up a credit score, common credit misconceptions and more. Summary In this episode, Tim Ulbrich and Tim Baker discuss the role of credit in financial planning. They explore why credit matters, how it works, and how it influences important areas in your financial plan. Tim and Tim break down the factors that make up a credit score, from payment history and credit utilization to the age of credit and hard inquiries.
2024-10-1040 min
Your Financial PharmacistYFP 378: 10 Questions for Early RetirementTim Baker, CFP® tackles 10 questions for those considering early retirement from sources of income, handling market volatility, health insurance options and more. Summary This week, Tim Baker, CFP®, RLP®, RICP® and Tim Ulbrich, PharmD are tackling 10 questions for those considering early retirement. They discuss sources of income in retirement, handling market volatility when no longer working, health insurance coverage options, timing to draw on Social Security, and much more. About Today's Guest Tim Baker is the Co-Founder and Director of Financial Planning at Your Financial Pharmacist. Founded in 2015, YFP is a fee...
2024-09-2647 min
Your Financial PharmacistRx Money Roundup #4: What are the best ways to plan for healthcare costs in retirement?This week, Tim Ulbrich, PharmD, and Tim Baker, CFP®, RLP®, RICP®, discuss a question from the YFP community raised during a recent webinar: "What are the best ways to plan for healthcare costs in retirement?" Mentioned on the Show: Submit a Question to Be Featured on Rx Money Roundup Subscribe to the YFP Newsletter YFP Disclaimer YFP 329: Medicare Selection & Optimization YFP 296: 5 Key Decisions for Long-Term Care Insurance YFP Blog: Why I'm Not Using My Health Savings Account (HSA) for Medical Expenses
2024-08-2709 min
Your Financial PharmacistRx Money Roundup #2: Should I include Social Security benefits in my retirement calculations?Tim Ulbrich, PharmD and Tim Baker, CFP®, RLP®, RICP® tackle a question received from a pharmacist on how confident we should or shouldn't be in planning on social security benefits as a part of our retirement planning. Mentioned on the Show: Submit a Question to Be Featured on Rx Money Roundup YFP Fee-Only Financial Planning Subscribe to the YFP Newsletter YFP Disclaimer
2024-08-1320 min
Your Financial PharmacistRx Money Roundup #1: Do you need more than $1M to retire?Tim Ulbrich, PharmD and Tim Baker, CFP®, RLP®, RICP® discuss a recent USA Today article titled, "Do we really need $1M in retirement savings? Not even close, one top economist says." Mentioned on the Show: USA Today Article: "Do we really need $1M in retirement savings? Not even close, one top economist says" Survey of Household Economics and Decisionmaking, Board of Governors of the Federal Reserve System Submit a Question to Be Featured on Rx Money Roundup Subscribe to the YFP Newsletter YFP Disclaimer
2024-08-0615 min
Your Financial PharmacistYFP 370: Your Retirement Questions AnsweredTim Baker, CFP and YFP Director of Planning answers questions from the YFP community on saving and preparing for retirement. This episode is brought to you by First Horizon. Summary Planning and preparing for retirement can feel overwhelming. In this episode, Tim Baker, CFP®, RICP®, RLP®, makes the steps to planning for retirement more manageable. He answers three questions from the YFP community on retirement planning, including: How to determine the optimal amount to save for retirement Strategies for dealing with market downturns during retirement How different investment options impact retirement savings ...
2024-08-0143 min
Your Financial PharmacistYFP 368: How Much is Enough for Kids College?Tim Baker helps parents navigate saving for their child's college education, from projecting costs and balancing goals to 529 plans. This episode is brought to you by First Horizon. Summary Most parents desire to contribute toward their child's college tuition; however, knowing how much to save and plan for can be a bit of a moving target. How much is enough to save for college? Tim Baker, YFP Co-Founder and Director of Financial Planning, lays out the financial roadmap to help parents navigate the complexities of college savings. Tim emphasizes the importance of...
2024-07-1849 min
Your Financial PharmacistYFP 366: Your Medicare and Long-Term Care Questions AnsweredTim Baker, YFP Director of Financial Planning, breaks down Medicare and long-term care insurance and what to consider when deciding on a policy. Summary Tim Baker, YFP Director of Financial Planning, breaks down the importance of long-term care insurance in retirement planning, highlighting the need to carefully consider the cost of these policies and how they fit into one's overall financial plan. Tim also discusses Medicare parts A, B and D and the importance of understanding the enrollment period to avoid paying penalties. About Today's Guest Tim Baker is t...
2024-07-0435 min
Your Financial PharmacistYFP 358: Top 6 Financial Moves to Make as a Mid-Career PharmacistYFP Co-Founder and Director of Financial Planning Tim Baker discusses six financial moves for mid-career pharmacists, including re-evaluating the vision for the financial plan. Summary Tim Ulbrich is joined by YFP Co-Founder and Director of Financial Planning, Tim Baker to discuss various financial planning strategies for mid-career pharmacists, including resetting the vision for the financial plan, prioritizing retirement planning and emergency funds, and reevaluating, reviewing and updating insurance policies. Regularly reviewing and adjusting these funds to account for the various life changes ensures that policies align with current financial goals and circumstances. Tim a...
2024-05-0946 min
Your Financial PharmacistYFP 349: Your Top 3 Questions Answered by a CERTIFIED FINANCIAL PLANNER™YFP's Tim Baker addresses key questions from the community, covering retirement savings, cost of living, and the importance of the nest egg calculation. Summary On this week's episode of the YFP Podcast, host Tim Ulbrich is joined by YFP Co-Founder and Certified Financial Planner, Tim Baker, to dive into some of the most common questions from the YFP community. He covers topics ranging from debt repayment to investing and retirement planning in three key questions: How much do I need to save in order to retire? How do I determine what is enough?
2024-03-0738 min
Your Financial PharmacistYFP 343: Getting Ready for Tax SeasonTim Ulbrich and Sean Richards, CPA, discuss the tax preparations listeners should be considering ahead of the 2023 filing. Summary In this episode, Tim Ulbrich and Director of YFP Tax, Sean Richards, CPA, discuss the tax preparations listeners should be considering ahead of tax season and the 2023 filing. Whether you DIY your taxes or work with a professional, there are documents that need to be on hand to file your taxes. Sean shares essential tax moves for the year, emphasizing the significance of being proactive for the 2024 tax season. Sean also discusses the value of a...
2024-01-2533 min
Your Financial PharmacistYFP 339: YFP Podcast Replay - Why Negotiation is an Important Part of Your Financial PlanTim & Tim talk about negotiation, why it's an important part of the financial plan, the goals of negotiation, and tips for conducting an effective negotiation. Summary Tim Baker joins Tim Ulbrich on this episode to dig into all things negotiation. Negotiation is the process of discovery and a way to advocate for yourself and what your needs are. Tim Baker explains that negotiation is an important part of your financial plan for many reasons. He explains that settling for a lower salary can have a significant impact on your present and future finances because you...
2023-12-2148 min
Your Financial PharmacistYFP 330: How One Physician Had $550k+ of Loans Forgiven via PSLFOn this episode, sponsored by FirstHorizon, Brenna Roth, MD, MPH, shares her journey having over $550k of student loans forgiven tax-free via PSLF. Summary Are student loan forgiveness programs a beacon of hope for graduates drowning in debt? Joining us this week is Brenna Roth, MD, MPH; a physician who achieved an incredible financial milestone - over $550,000 of student loans wiped clean through the Public Service Loan Forgiveness (PSLF) program. In our conversation, Brenna discusses her background in medicine, the accumulation of her student loan debt, her initial feelings about the debt, and her journey...
2023-10-1930 min
Your Financial PharmacistYFP 328: How to Navigate Open Enrollment & Employer BenefitsTim Baker, CFP, RICP, RLP joins Tim Ulbrich, PharmD to discuss open enrollment & evaluating employer benefits. Summary This week on the podcast, Tim Ulbrich, PharmD sits down with YFP co-owner and Director of Financial Planning, Tim Baker, CFP, RICP, RLP to discuss open enrollment and the process of evaluating employer benefits. They discuss considerations for choosing a health insurance plan, how to determine whether or not your employer-provided life and disability insurance is sufficient, the differences between an FSA, Dependent Care FSA, and HSA, and what to be looking for when putting money into your...
2023-10-0537 min
Your Financial PharmacistYFP 325: Retirement Roadblocks: Identifying and Managing 10 Common Risks (Part 2)YFP Co-Founder and CEO, Tim Ulbrich, PharmD and YFP Co-Founder and Director of Planning, Tim Baker, CFP®, RLP®, RICP®, wrap up a two-part series on 10 common retirement risks you should plan for. Mentioned on the Show: Free Download: Retirement Roadblocks: Identifying and Managing 10 Common Risks Guide YFP Planning: Fee-Only Financial Planning for Pharmacists YFP Disclaimer Tim Baker on LinkedIn Tim Ulbrich on LinkedIn
2023-09-1446 min
Your Financial PharmacistYFP 324: Retirement Roadblocks: Identifying and Managing 10 Common Risks (Part 1)YFP Co-Founder and CEO, Tim Ulbrich, PharmD and YFP Co-Founder and Director of Planning, Tim Baker, CFP®, RLP®, RICP®, kick off a two-part series on 10 common retirement risks you should plan for. Mentioned on the Show: Free Download: Retirement Roadblocks: Identifying and Managing 10 Common Risks Guide First Horizon Home Loan Social Security Administration Episode 291: Redefining Retirement with Professor Emeritus David Zgarrick, PhD Episode 294: 10 Common Social Security Mistakes to Avoid (Part 1) Episode 295: 10 Common Social Security Mistakes to Avoid (Part 2) Episode 296: 5 Key Decisions for Long-Term Care Insurance Episode 242: Social Security 101: History, How it Works, and Why it Matters for...
2023-09-0751 min
Your Financial PharmacistYFP 317: YFP Planning Case Study #7: Balancing Student Loans, a Wedding, Home Buying, & Saving for RetirementEpisode Summary Welcome to our seventh installment of the case study series with Tim Baker, CFP®, RLP®, Kelly Reddy-Heffner, CFP®, CSLP®, CDFA®, and Angel Melgoza, MS CFP®. During this episode, we are sharing a fictitious case study with you about an engaged couple in their 20s. We delve into their finances, expenses, and their goals before discussing their assets, savings, investments, liabilities, and debt. Angel and Kelly discuss why they would tackle student loans before anything else in this couple's financial plan, how recent changes announced to student loans will impact their loan repayment strategy, how marriage, childr...
2023-07-2034 min
Your Financial PharmacistYFP 313: 4 Reasons Your Financial Planner Should Manage Your InvestmentsEpisode Summary Financial planners often get a bad reputation because people either don't trust them or they feel like planners are a waste of time — they could be doing the job themselves. So on today's episode, sponsored by First Horizon, YFP's Co-founder & Director of Financial Planning, Tim Baker is here to discuss the four reasons why having a financial planner is crucial for managing your investments. From our conversation, you'll gain a better understanding of the type of accounts that a financial planner could manage on your behalf, what an Investment Policy Statement (IPS) is, and why it...
2023-06-2240 min
Your Financial PharmacistYFP 310: Dusting Off Your Estate PlanEpisode Summary On this week's episode of the YFP Podcast, we tackle getting your estate plan buttoned up. We're joined by Tim Baker, CFP®, RICP®, RLP®, Co-Founder of Your Financial Pharmacist, to talk about estate plan preparations. We go through why it's important to plan your estate, what an estate plan includes, and what happens if you do not have one in place. Tim then shares his thoughts and insights on three action areas; documentation, beneficiaries, and legacy folders. Links Mentioned in Today's Episode American Pharmacists Association Caring.com's 2023 Wills Survey Episode 222: Why Estate Pla...
2023-06-0133 min
Your Financial PharmacistYFP 308: YFP Planning Case Study #6: Balancing Retirement Savings With a Major Purchase & Education PlanningEpisode Summary If we don't earmark our cash for specific items, we're very likely to spend it. In this YFP Planning Case Study, Tim Baker, CFP®, RLP®, Kelly Reddy-Heffner, CFP®, CSLP®, CDFA®, and Angel Melgoza, MS CFP® use a hypothetical couple (Joe and Jane Script) to discuss balancing retirement savings with a major purchase and education planning. After being provided with an overview of the couple's finances and their goals for the future, Kelly and Angel pick apart their investment approach and offer advice for how they could make it more sound. From the importance of saving with t...
2023-05-1832 min
Your Financial PharmacistYFP 305: Understanding Annuities: A Primer for PharmacistsIn over 300 episodes of Your Financial Pharmacist, we haven't covered much about annuities and today, Tim Baker, CFP®, RICP®, RLP® joins Tim Ulbrich, PharmD to do just that. On this episode, sponsored by First Horizon, you'll hear all about what annuities are, the main types and how they differ, common misunderstandings, fees associated with annuities, and how they can assist with building a retirement paycheck through the flooring strategy. Links Mentioned in Today's Episode First Horizon's Pharmacist Home Loan LIMRA: 2022 US Retail Annuity Sales Shatter Annual Sales Records Set in 2008 YFP Episode 275: How to Build a Retir...
2023-04-2746 min
Your Financial PharmacistYFP 300: Celebrating 300 Episodes of the YFP Podcast!On this episode, YFP Co-Founder & CEO, Tim Ulbrich, PharmD, and YFP Co-Founder & Director of Financial Planning, Tim Baker, CFP®, RLP®, RICP®, celebrate the 300th episode of the Your Financial Pharmacist Podcast! From student loan repayment strategies and investment planning to wealth protection and entrepreneurship, this podcast has strived to provide valuable insights and practical advice to help pharmacists achieve their financial goals each week. Tim and Tim reflect on some of the most memorable moments and guests from the past 299 episodes. Links Mentioned in Today's Episode Join APhA – Get 25% Off Your Membership with Code: YFP YFP 001: The G...
2023-03-231h 05
Your Financial PharmacistYFP 296: 5 Key Decisions for Long-Term Care InsuranceYFP Co-Founder & CEO, Tim Ulbrich, PharmD, is joined by YFP Co-Founder & Director of Financial Planning, Tim Baker, CFP®, RLP®, RICP®, to talk about long-term care insurance. During the show, they discuss what long-term care insurance does and does not cover, common misconceptions about long-term care policies, and five key considerations when purchasing a policy. Links Mentioned in Today's Episode YFP Planning: Financial Planning for Pharmacists Schedule a free Discovery Call with YFP Planning Lincoln Financial Group Study Finds Misconceptions and Confusion About the Increasing Need for Long-Term Care Planning in America YFP 108: How to Effectively Talk with...
2023-02-2343 min
Your Financial PharmacistYFP 295: 10 Common Social Security Mistakes to Avoid (Part 2)YFP Co-Founder & CEO, Tim Ulbrich, PharmD, is joined by YFP Co-Founder & Director of Financial Planning, Tim Baker, CFP®, RLP®, RICP®, to wrap up the two-part series on common social security mistakes to avoid. Links Mentioned in Today's Episode YFP Planning: Financial Planning for Pharmacists Schedule a free Discovery Call with YFP Planning YFP 294: 10 Common Social Security Mistakes to Avoid (Part 1) YFP 242: Social Security 101: History, How it Works, and Why it Matters for Your Financial Plan Social Security Administration YFP Tax YFP 275: How to Build a Retirement Paycheck (Retirement Planning) Your Financial Pharmacist Disclaimer and Disclosures
2023-02-1632 min
Your Financial PharmacistYFP 294: 10 Common Social Security Mistakes to Avoid (Part 1)Tim Ulbrich, PharmD, is joined by YFP Co-Founder & Director of Financial Planning, Tim Baker, CFP®, RLP®, to kick off a two-part series on ten common social security mistakes to avoid. Links Mentioned in Today's Episode YFP Planning: Financial Planning for Pharmacists Schedule a free Discovery Call with YFP Planning YFP 242: Social Security 101: History, How it Works, and Why it Matters for Your Financial Plan Social Security Administration Your Financial Pharmacist Disclaimer and Disclosures
2023-02-0950 min
Your Financial PharmacistYFP 275: How to Build a Retirement Paycheck (Retirement Planning)In the fourth episode of the four-part series on retirement planning, Tim Ulbrich, PharmD, and Tim Baker, CFP®, RLP®, discuss how to build a retirement paycheck. Links Mentioned in Today's Episode YFP Planning: Financial Planning for Pharmacists Schedule a free Discovery Call with YFP Planning YFP 272: How Much Is Enough? (Retirement Planning) YFP 273: Alphabet Soup of Retirement Accounts (Retirement Planning) YFP 274: Risk Tolerance vs Risk Capacity (Retirement Planning) What Issues Should I Consider Before I Retire? YFP 242: Social Security 101: History, How it Works, and Why it Matters for Your Financial Plan Social Security Administration Your Financial Pha...
2022-09-2943 min
Your Financial PharmacistYFP 274: Risk Tolerance vs Risk Capacity (Retirement Planning)In part three of the four-part series on retirement planning, Tim Ulbrich, PharmD, and Tim Baker, CFP®, RLP®, explain why it's critical to evaluate how much risk you are able to stomach versus how much risk you should take to achieve your long-term savings goal and considerations for setting asset allocation in alignment with your risk capacity. Links Mentioned in Today's Episode YFP Planning: Financial Planning for Pharmacists Schedule a free Discovery Call with YFP Planning YFP 272: How Much Is Enough? (Retirement Planning) YFP 273: Alphabet Soup of Retirement Accounts (Retirement Planning) Your Financial Pharmacist Disclaimer and Dis...
2022-09-2239 min
Your Financial PharmacistYFP 273: Alphabet Soup of Retirement Accounts (Retirement Planning)Tim Ulbrich, PharmD, sits down with Tim Baker, CFP®, RLP®, for the second part of the four-part series on retirement planning. Together they discuss the alphabet soup of retirement accounts including commonly used vehicles for accruing a nest egg. Links Mentioned in Today's Episode YFP 272: How Much Is Enough? (Retirement Planning) YFP Planning: Financial Planning for Pharmacists Schedule a free Discovery Call with YFP Planning Insuring Income: Get Quotes and Apply for Term Life and Disability Insurance YFP 165: The Power of a Health Savings Account YFP Tax 2022 Important Numbers Your Financial Pharmacist Disclaimer and Disclosures
2022-09-1535 min
Your Financial PharmacistYFP 272: How Much Is Enough? (Retirement Planning)Tim Ulbrich, PharmD, sits down with Tim Baker, CFP®, RLP®, to discuss how much you need for retirement in part one of the four-part series focused on retirement planning. Links Mentioned in Today's Episode YFP Planning: Financial Planning for Pharmacists Schedule a free Discovery Call with YFP Planning Join APhA - Get 25% Off Your Membership with Code: YFP YFP 253: YFP Planning Case Study #1: Growing a Family, Paying Off Student Loans, and Buying a House YFP 261: YFP Planning Case Study #2: Planning for Retirement, Saving for Kids' College, and Paying Off Debt YFP 270: YFP Planning Case Study #3: Financial an...
2022-09-0840 min
Your Financial PharmacistYFP 249: 3 Silent Killers to Your InvestmentsYFP Co-Founder and Director of Financial Planning, Tim Baker CFP®, RLP®, talks about the three silent killers of your investment pie and how to keep your investment portfolio fit. Key Points From This Episode An introduction to today's topic. The importance of including tax in your financial plan. How tax permeates all parts of your financial plan. Tim Baker shares some of his experiences regarding tax, working as a financial planner. Some examples of simple tax reduction strategies. How to ensure the withdrawal of investments after retirement in terms of tax. A discussion on inflation trends. Wh...
2022-03-3140 min
Your Financial PharmacistAsk a YFP CFP® #107: Where should I start investing if I have disposable income available?Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP® takes this question from a member of the YFP Facebook Group: Where should I start investing if I have disposable income available? Mentioned on the Show: YFP Planning: Financial Planning for Pharmacists Join the Your Financial Pharmacist Facebook Group YFP 072: Investing Mind Tricks: How Behavioral Bias Affects Our Decisions YFP 073: How to Determine the Priority of Investing YFP 074: Evaluating Your 401k Plan YFP 075: DIY, Robo or Hire a Planner? Seven Figure Pharmacist by Tim Church, Pha...
2022-03-2809 min
Your Financial PharmacistYFP 242: Social Security 101: History, How it Works, and Why it Matters for Your Financial PlanYFP Co-Founder & Director of Financial Planning, Tim Baker, CFP®, RLP®, talks about social security retirement benefits, how they are funded, how to determine eligibility and considerations for receiving benefits. Key Points From This Episode An introduction to today's topic and a reminder that we can help you with your tax. Addressing why people aren't having enough conversations about social security retirement benefits. Hear some intense statistics about retirement and working longer that will blow your mind. Talking about the history of social security and the difference between that and a 401(k). Being protected against inflation by bei...
2022-02-1034 min
Your Financial PharmacistYFP Real Estate Investing 38: New Years Goals for Real Estate InvestingTim Ulbrich and Tim Baker discuss goal setting, the importance of your 'why,' and translating each to a realistic plan toward real estate strategy in 2022. Key Points From This Episode How to start the year off with strong goals and taking the time to revisit your 'why'. Some examples of realistic goals and why they matter in day-to-day reality. Why having a planner who asks the right questions is crucial. The importance of the act of recurring planning as opposed to having a static plan. How humans grow and change over time; and your financial...
2022-01-0140 minYour Financial PharmacistYFP 236: Gen X Pharmacists: Financial Challenges and Money StrategiesTim Baker talks through the unique financial needs and considerations of Generation X. Key Points From This Episode An introduction to today's topic of Gen X; the sandwich generation. How Gen Xers are often providing for their parents, plus a young child or a child over 18. How these financial expectations are often overlooked or pushed to the side. We talk about average incomes, the rising cost of education, and what their debt load is. The impact of the ups and downs in the last few years on their financial mindsets. How Gen X wants stability but...
2021-12-3040 minYour Financial PharmacistYFP 227: Why Tim Baker, CFP® Bought a Depreciating AssetTim Baker talks about his recent decision to buy a depreciating asset, how his journey becoming a Registered Life Planner® (RLP®) impacted his decision, and how he coaches clients considering big financial purchases. Mentioned on the Show YFP Planning: Financial Planning for Pharmacists Book a free Discovery Call with YFP Planning GoodRx: Nominate Your Favorite Pharmacy Professional YFP 001: The Genesis of the Your Financial Pharmacist Podcast YFP Real Estate Investing Podcast George Kinder: Three Questions About Life Planning Seven Stages of Money Maturity Workshop EVOKE® 5-Day Life Planning Training YFP 212: Checklist for Building a Strong Financial Fou...
2021-10-2835 minYour Financial PharmacistYFP 225: How to Navigate Open Enrollment and Employer BenefitsTim Baker, YFP Co-founder and YFP Planning Director of Financial Planning, joins Tim Ulbrich to talk about open enrollment and evaluating employer benefits. Tim and Tim dig into: Considerations for choosing a health insurance plan How to determine whether or not your employer-provided life and disability insurance is sufficient (one of the most common questions we get) Understanding the differences between an FSA, Dependent Care FSA, and HSA What to be looking for when putting money into your employer-sponsored retirement plan. Mentioned on the Show YFP Planning: Financial Planning for Pharmacists Book a free Discovery Call w...
2021-10-1438 minYour Financial PharmacistYFP 213: 5 Investing Considerations for a Volatile MarketTim Baker shares five considerations for investing in a volatile market. Mentioned on the Show YFP Planning: Financial Planning for Pharmacists YFP 124: The Behavioral Investor with Dr. Daniel Crosby The Behavioral Investor by Daniel Crosby Seven Figure Pharmacist by Tim Church, PharmD and Tim Ulbrich, PharmD Dave Ramsey YFP 070: Pre-Planning for Tax Season YFP 073: How to Determine the Priority of Investing Schedule a free Discovery Call with YFP Planning
2021-07-2249 minYour Financial PharmacistYFP 210: Why Net Worth MattersTim Baker discusses why net worth matters, how to calculate your net worth, and why net worth, not income, is the true indicator of your financial health. Mentioned on the Show Join APhA - Get 25% Off Your Membership with Code: YFP YFP Planning: Financial Planning for Pharmacists eMoney Advisor Seven Figure Pharmacist by Tim Church, PharmD and Tim Ulbrich, PharmD YFP 200: An Interview with Sarah Fallaw of The Next Millionaire Next Door The Next Millionaire Next Door: Enduring Strategies for Building Wealth by Thomas J. Stanley, Ph.D. and Sarah Stanley Fallaw, Ph.D. The Millionaire...
2021-07-0129 minYour Financial PharmacistYFP 198: What You Need to Know About the Most Recent Stimulus BillOn this episode, sponsored by Insuring Income, Tim Baker and Tim Ulbrich break down the key points of the most recent $1.9 trillion stimulus package also known as the American Rescue Plan Act of 2021. Tim and Tim discuss the items that they think are the most relevant to your financial situation and plan, including the stimulus payments, the expansion of the child tax credit, the unemployment compensation and benefits, and what to make of the student loan forgiveness provisions being tax-free through the end of December of 2025. Mentioned on the Show Insuring Income: Get Quotes and Apply...
2021-04-0839 minYour Financial PharmacistAsk a YFP CFP® #64: What apps are good to use to invest in the stock market?Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Hannah in Coal Valley, Illinois: What apps are good to use to invest in the stock market? Mentioned on the Show: YFP Planning: Financial Planning for Pharmacists Robinhood Scottrade E*TRADE Vanguard TD Ameritrade Charles Schwab Fidelity Betterment Find Tim Baker on Peloton - YFP Peloton Schedule a free Discovery Call with YFP Planning Send in your questions here or to info@yourfinancialpharmacist.com Disclaimer: This podcast is intended for educational purpose...
2021-04-0510 minYour Financial PharmacistYFP 195: How to Save for Your Child's EducationOn this episode sponsored by IBERIABANK/First Horizon, Tim Baker and Tim Ulbrich talk through strategies for saving money for your children's college education. They discuss phases of planning for educational expenses, how to project how much to save, and various options for saving for kids' college including 529s, Coverdell Education Savings Accounts, UGMA and UTMA Accounts, and Roth IRAs. Mentioned on the Show Learn More About IBERIABANK/First Horizon's Pharmacist Home Loan and Start the Pre-Approval Process Register for Free Webinar: Investing for Beginners: Where to Put Your (Legal) Drug Money with Joe Baker, MBA B...
2021-03-1839 minYour Financial PharmacistAsk a YFP CFP® #60: What are the pros and cons of taking out a 401(k) loan for a down payment on a house?Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Manish in San Francisco, California: What are the pros and cons of taking out a 401(k) loan for a down payment on a house? Mentioned on the Show: YFP Planning: Financial Planning for Pharmacists Iberia Bank Home Loan: Get Pre-approved and Compare Multiple Lenders to Find the Home Loan That's Right For You Nate Hedrick. the Real Estate RPh YFP Real Estate Concierge Services Seven Figure Pharmacist by Tim Church, PharmD and Tim...
2021-03-0808 minYour Financial PharmacistAsk a YFP CFP® #55: Are there any tax implications for rolling over my old 403(b) accounts to a traditional IRA?Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Cindy in Albuquerque, New Mexico: Are there any tax implications for rolling over my old 403(b) accounts to a traditional IRA? Mentioned on the Show: YFP Planning: Financial Planning for Pharmacists Free Guide: Should I Rollover My Dormant 401(k)? YFP 072: Investing Mind Tricks: How Behavioral Bias Affects Our Decisions YFP 073: How to Determine the Priority of Investing YFP 074: Evaluating Your 401k Plan YFP 075: DIY, Robo or Hire a Planner? YFP 076: Investing Rapid Fi...
2021-02-0109 minYour Financial PharmacistYFP 187: How to Maximize Your Student Loan Strategy While Federal Student Loan Payments are PausedOn this episode sponsored by LendKey, Kelly Reddy-Heffner, YFP Lead Financial Planner, joins Tim Ulbrich to talk through how those with federal student loans should be maximizing their student loan repayment strategy during another extension of administrative student loan forbearance. Mentioned on the Show: LendKey: Refinance Your Student Loans YFP Planning: Financial Planning for Pharmacists Student Loan Analysis: A One-on-One Customizable Plan to Tackle Your Student Loans Schedule Your Student Loan Analysis YFP Facebook Group Seven Figure Pharmacist by Tim Church PharmD and Tim Ulbrich, PharmD The Pharmacist's Guide to Conquering Student Loans by Tim Church, Ph...
2021-01-2135 minYour Financial PharmacistAsk a YFP CFP® #49: Is my position protected if I've used all of my FMLA and submit a claim for long-term disability?Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Andrea in Olathe, Kansas: Is my position protected if I've used all of my FMLA and submit a claim for long-term disability? Mentioned on the Show: YFP Planning Your Financial Pharmacist: Protect Your Income Seven Figure Pharmacist by Tim Church, PharmD and Tim Ulbrich, PharmD - Get 15% Off with Code: YFP YFP 045: How to Determine Your Disability Insurance Needs Send in your questions here or to info@yourfinancialpharmacist.com Disclaimer: This podcast...
2020-12-2108 minYour Financial PharmacistYFP 181: How YFP is Different Than Most Financial Planning FirmsTim Baker, YFP co-founder and Director of Financial Planning, talks about his journey becoming a financial planner. He discusses why all financial planning is not created equal, how and why YFP Planning services differ from traditional firms, and the importance of fee-only, fiduciary, and comprehensive distinctions. Mentioned on the Show: YFP Planning - Comprehensive Fee-Only Financial Planning for Pharmacists YFP 015: Financial Planning Series: Interview w/ Tim Baker (West Point to CFP®) XY Planning Network YFP Concierge Service Book a Free Discovery Call with YFP Planning
2020-12-1044 minYour Financial PharmacistAsk a YFP CFP® #47: What happens if I contribute beyond the maximum annual limits to a 401(k) or IRA?Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Frank in Bonita Springs, Florida: What happens if I contribute beyond the maximum annual limits to a 401(k) or IRA? Mentioned on the Show: YFP Planning Seven Figure Pharmacist by Tim Church, PharmD and Tim Ulbrich, PharmD YFP 072: Investing Mind Tricks: How Behavioral Bias Affects Our Decisions YFP 073: How to Determine the Priority of Investing YFP 074: Evaluating Your 401(k) Plan YFP 075: DIY, Robo or Hire a Planner? YFP 076: Investing Rapid Fire Q&A Bo...
2020-12-0710 minYour Financial PharmacistYFP 177: New Book: Baker's Dirty Dozen: Principles for Financial IndependenceJoe Baker, author of the newly released book Baker's Dirty Dozen: Principles for Financial Independence, joins Tim Ulbrich on the show. Joe talks about several of the principles outlined in the book, why he wrote the book and what he hopes the reader will glean from applying its principles. Mentioned on the Show Baker's Dirty Dozen: Principles for Financial Independence by Joe Baker, MBA with Lindsey Jordan Baker YFP 082: Debt Free Theme Hour with the Teacher & Pupil FinCon Ramit Sethi I Will Teach You to Be Rich: No Guilt. No Excuses. No BS. Just a 6 Week Pro...
2020-11-0530 minYour Financial PharmacistYFP 163: Investing Beyond the 401k/403bTim Ulbrich and Tim Baker talk about investing beyond the 401k or 403b and break down the traditional IRA, Roth IRA, HSA, SEP IRA and taxable/brokerage accounts and discuss their contribution limits, how to appropriately use them and the advantages and disadvantages of each. Mentioned on the Show Join APhA- Get 25% Off Your Membership with Code: YFP2020 YFP Planning Seven Figure Pharmacist by Tim Church, PharmD and Tim Ulbrich, PharmD YFP 072: Investing Mind Tricks: How Behavioral Bias Affects Our Decisions YFP 073: How to Determine the Priority of Investing YFP 074: Evaluating Your 401k Plan YFP 075: DIY, Rob...
2020-07-3055 minYour Financial PharmacistYFP 155: Why You Need Professional Liability InsuranceTim Baker talks through what professional liability insurance is, why it's important, who needs it and what to look for when shopping for a policy. Mentioned on the Show Get Professional Liability Insurance with HPSO Seven Figure Pharmacist by Tim Church, PharmD and Tim Ulbrich, PharmD YFP Planning YFP 044: How to Determine Your Life Insurance Needs YFP 045: How to Determine Your Disability Insurance Needs
2020-06-0430 minYour Financial PharmacistYFP 146: COVID-19: Financial ConsiderationsThings are changing on a daily basis secondary to COVID-19. In these unprecedented times, there are a lot of financial concerns people are likely having. On this episode sponsored by APhA, Tim Baker, CFP® answers questions about investing, the uncertainty of work and student loans. Mentioned on the Show Join APhA - Get 25% off Your Membership with Code: YFP2020 YFP Planning CARES Act APhA & YFP: Financial Education Ally Bank YFP 072: Investing Mind Tricks: How Behavioral Bias Affects our Decisions YFP 073: How to Determine the Priority of Investing YFP 074: Evaluating Your 401k Plan YFP 075: DIY, Robo or Hi...
2020-04-021h 27Your Financial PharmacistYFP 098: Lifestyle Creep: The #1 Threat to Growing Your Net WorthTim Baker, Tim Church and Tim Ulbrich talk through avoiding lifestyle creep, a simple but powerful philosophy for achieving wealth. Mentioned on the Show Airbnb 7 Figure Pharmacist by Tim Church, PharmD and Tim Ulbrich, PharmD The Millionaire Next Door: The Surprising Secrets of America's Wealthy by Thomas J. Stanley and William D. Danko The Next Millionaire Next Door: Enduring Strategies for Building Wealth by Thomas J. Stanley and Sarah Stanley Fallaw Ph.D YFP Planning Switch: How to Change Things When Change is Hard by Chip Heath and Dan Heath YFP 057: The Power of Automating Your...
2019-05-0231 minYour Financial PharmacistYFP 088: Introducing YFP Planning!On this episode of the Your Financial Pharmacist Podcast, YFP Co-founders Tim Ulbrich and Tim Baker announce some exciting news as it relates to the launch of YFP Planning, talk through the benefits of financial planning and reminisce on the origins of Your Financial Pharmacist. Mentioned on the Show YFP Planning YFP Tax Prep and Planning Your Financial Pharmacist YFP Resources YFP Student Loan Refinance Calculator YFP 015: Financial Planning Series Interview with Tim Baker: Part 1 YFP 016: Financial Planning Series Benefits of a Financial Planner: Part 2 YFP 017: Financial Planning Series Questions to Ask - Hiring a Planner: P...
2019-02-1939 minYour Financial PharmacistYFP 081: New Year Financial Game PlanOn episode 81 of the Your Financial Pharmacist Podcast, Tim Ulbrich, YFP co-Founder, and Tim Baker, YFP team member and CFP, kick off 2019 by talking about a New Year financial game plan. Tim and Tim discuss 5 financial moves you should be making to ensure you get this year started off the right way. Mentioned on the Show Script Financial You Need A Budget (YNAB.) - Giveaway YNAB. YFP 080: 10 Financial Moves to Make Before the New Year BiggerPockets YFP 032: Find Your Why (Part 1) - 3 Life Planning Questions w/ Tim & Jess Ulbrich YFP 033: Find Your Why (Part 2) - The...
2019-01-0247 minYour Financial PharmacistYFP 076: Investing Rapid Fire Q&AOn episode 76 of the Your Financial Pharmacist podcast, Tim Ulbrich, founder of Your Financial Pharmacist, and Tim Baker, YFP Team Member and owner of Script Financial, wrap up a month-long series focused on investing by fielding questions posed by, YOU, the YFP Community. Mentioned on the Show Policygenius YFP Facebook Group YFP Episode 075: DIY, Robo or Hire A Planner? YFP Episode 074: Evaluating Your 401(k) Plan YFP Episode 073: How to Determine the Priority of Investing YFP Episode 072: Investing Mind Tricks: How Behavioral Bias Affects Our Decisions YFP Email YFP Episode 026: Baby Stepping Your Financial Plan - The 2...
2018-11-3042 minYour Financial PharmacistYFP 075: DIY, Robo or Hire a Planner?On episode 75 of the Your Financial Pharmacist podcast, Tim Ulbrich, founder of YFP, and Tim Baker, YFP team member and owner of Script Financial, continue YFP's month-long series on investing by talking about the pros and cons of a DIY approach to investing compared to utilizing a robo advisor or hiring a financial planner. Mentioned on the Show Script Financial YFP Episode 015: Financial Planning Series Interview with Tim Baker (Part 1) YFP Episode 016: Financial Planning Series Benefits of a Financial Planner (Part 2) YFP Episode 017: Financial Planning Series Questions to Ask - Hiring a Planner (Part 3) YFP Episode 054...
2018-11-2050 minYour Financial PharmacistYFP 071: Ask Tim & TimOn Episode 71 of the Your Financial Pharmacist Podcast, Tim Ulbrich, Founder of YFP, and Tim Baker, YFP Team Member and Founder of Script Financial, tackle 10 listener questions that were posed in the YFP Facebook Group covering a wide array of topics like investing, student loans, taxes, and more. Mentioned on the Show CommonBond YFP Facebook Group Have a question about investing? Ask us! YFP Episode 70: Pre-Planning for Tax Season with Paul Eikenburg Nate Hedrick, Real Estate RPH YFP Episode 69: Carissa Explains It All: How One Pharmacist is Accelerating Her Financial Goals Through Rodan & Fields YFP Episode 63...
2018-10-2543 minYour Financial PharmacistYFP 068: Pros/Cons of the Dave Ramsey 7 Baby StepsOn Episode 068 of the Your Financial Pharmacist Podcast, Tim Ulbrich, Founder of Your Financial Pharmacist, and Tim Baker, YFP Team Member and owner of Script Financial, discuss the pros and cons of Dave Ramsey's 7 Baby Steps and how they apply to the pharmacy professional. Mentioned on the Show Splash Financial Real Estate RPh Dave Ramsey's 7 Baby Steps YFP Facebook Group XY Planning Network YFP 026: Baby Stepping Your Financial Plan - The 2 Things to Focus on First YFP Blog: Why Having An Emergency Fund Matters Dave Ramsey's Financial Peace University Dave Ramsey Podcast YFP Student Loan Course...
2018-10-0444 minYour Financial PharmacistYFP 062: The 'Other' Forgiveness (Non-PSLF)On Episode 062 of the Your Financial Pharmacist Podcast, Tim Baker, owner of Script Financial and YFP Team Member, and Tim Church, YFP Team Member, talk about the 'other' forgiveness through the federal loan system. Many borrowers aren't aware that this program exists, so Tim and Tim spend this episode shining a light on the details of the program and who should consider it. Mentioned on the Show YFP Student Loan Refinancing Resources Script Financial YFP Episode 018: Maximizing the Benefits of Public Service Loan Forgiveness YFP Student Loan Course YFP Blog: Defining and Calculating Discretionary Income for...
2018-08-2336 minYour Financial PharmacistYFP 061: Rapid Fire Insurance Q&A w/ Tim, Tim & TimOn Episode 061 of the Your Financial Pharmacist Podcast, Tim Ulbrich, Founder of YFP, is joined by YFP team members Tim Church & Tim Baker to field insurance questions posed by the YFP community via the YFP Facebook Group in a rapid fire format. Whether it's life, disability or liability insurance, having the right amount, not too much and not too little of insurance protection is essential to your financial plan. Mentioned on the Show Policy Genius YFP Episode 056: Rapid Fire Student Loan Q&A with Tim, Tim & Tim YFP Episode 044: How to Determine Your Life Insurance Needs...
2018-08-1633 minYour Financial PharmacistYFP 056: Rapid Fire Student Loan Q&A w/ Tim, Tim & TimOn Episode 056 of the Your Financial Pharmacist Podcast, I put Tim Church and Tim Baker on the spot with your student loan questions in a rapid fire format. If you are looking to get started with a game plan to tackle your own student loans, check out our free Student Loan Quick Start Guide at yourfinancialpharmacist.com/studentloanguide...again that's yourfinancialpharmacist.com/studentloanguide Mentioned on the Show YFP Student Loan Quickstart Guide Real Estate RPH YFP Facebook Group YFP Email YFP Episode 026: Baby Stepping Your Financial Plan - The 2 Things to Focus On First YFP Student...
2018-07-1227 minYour Financial PharmacistYFP 055: Why You Should Care How a Financial Planner ChargesOn Episode 055 of the Your Financial Pharmacist Podcast, Tim Baker and I talk about the variety of ways in which financial planners get paid and why you should care about how a financial planner charges (Hint: It can impact the quality of the advice that you are getting). Mentioned on the Show What to Look For in a Financial Planner and Nuts & Bolts Guide to Hiring a Financial Planner Script Financial YFP Episode 054: Why Fee-Only Financial Planning Matters YFP Episode 049: Ask Tim & Tim: Should I Pay Off My House Early or Invest? Unshakeable: Your Financial Freedom...
2018-07-0538 minYour Financial PharmacistYFP 054: Why Fee-Only Financial Planning MattersOn Episode 054 of the Your Financial Pharmacist Podcast, Tim Ulbrich, PharmD interviews YFP team member, owner of Script Financial and fee-only Certified Financial Planner, Tim Baker about why he left his old financial planning firm in 2016 to start Script Financial. Script Financial is a financial planning firm dedicated to helping pharmacists meet their financial goals. Tim & Tim talk through why fee-only financial planning matters and why a revolution of fee-only planning is happening today. Head on over to http://yourfinancialpharmacist.com/financial-planner to get information on what to look for in a financial planner, to download the free guide...
2018-06-2844 minYour Financial PharmacistYFP 049: Ask Tim & Tim Theme Hour (Pay Off the Home Early or Invest?)On this Ask Tim & Tim episode of the Your Financial Pharmacist Podcast, we take a listener question from Michael in Columbus, OH that has stimulated lots of conversation and debate in the YFP Facebook Group…'should I pay off my house early or would I be better off refinancing, extending the term and investing the difference?' If you have a question you would like to have featured on the show, shoot us an email at info@yourfinancialpharmacist.com Mentioned on the Show YFP Episode 015 - West Point to CFP: Tim Baker's Journey to Be...
2018-05-2539 minYour Financial PharmacistYFP 043: Ask Tim & Tim Theme Hour (Investing 101)On this Ask Tim & Tim episode of the Your Financial Pharmacist Podcast, we take three YFP community member questions about investing. We discuss investment terminology, considerations for choosing investments, where non-retirement accounts come into play and the pros/cons of target date funds. If you have a question you would like to have featured on the show, shoot us an e-mail at info@yourfinancialpharmacist.com Mentioned on the Show Interested in becoming a beta tester for the YFP Student Loan Online Course? Sign up using coupon code LOANRX at https://courses.yourfinancialpharmacist.com/ YFP E...
2018-04-1249 minYour Financial PharmacistYFP 033: Find Your Why (Part 2) - The Path to SuccessIn Part 2 of a series on Finding Your Why, Tim Baker, CFP, interviews YFP Founder Tim Ulbrich and his wife, Jess Ulbrich, by asking them a series of questions designed to help them envision what financial success looks like for them in 2, 5, 10 and 30 years into the future. In this two-part series, Tim & Jess Ulbrich invite the listeners into their Find Your Why client meeting with Tim Baker, CFP.
2018-02-0235 minYour Financial PharmacistYFP 032: Find Your Why (Part 1) - 3 Life Planning Questions with Tim & Jess UlbrichIn Part 1 of this two-part series on Finding Your Why, Tim Baker, CFP, interviews YFP Founder Tim Ulbrich and his wife, Jess Ulbrich, by asking them three life planning questions that challenge them to uncover their beliefs about money, their long-term financial goals and ultimately, why they want to achieve financial freedom. In this two-part series, Tim & Jess Ulbrich invite the listeners into their Find Your Why client meeting with Tim Baker, CFP. Featured on the Show Don't Waste Your Life by John Piper Radical by David Platt 3 Questions That Can Provide a Spark...
2018-02-0237 minYour Financial PharmacistYFP 027: Tim, Tim & Tim Recap the Best of 2017 & What's Ahead for 2018On this episode of the Your Financial Pharmacist Podcast, we recap the best of the best from 2017 and discuss what the YFP team has planned for 2018. YFP End of Year Giveaway The team at YFP is excited to be launching an end of the year giveaway. We are giving away 3 prize backs valued at over $500 each. You can enter the contest by clicking on the image below or by going to www.yourfinancialpharmacist.com/2017-giveaway. Entries will be accepted through 12/31/17 and three winners will be selected on/around 1/1/18. Featured on...
2017-12-2938 minYour Financial PharmacistYFP 024: 10 Financial Moves to Make Before the New Year (Part 1)On this episode of the Your Financial Pharmacist Podcast, we begin a two-part series where we cover a list of 10 financial things every pharmacist should do to wrap up the year and to set themselves up to have an awesome New Year. Episodes 24 Special Giveaway Along with this episode, we have created a free checklist that will: Provide you a checklist of 10 financial things you should do prior to the year ending; Make sure you take advantage of any available end-of-year tax savings; Help you hit the New Year with the momentum you need to crush your financial goals! Head on o...
2017-12-0741 minYour Financial PharmacistYFP 021: 6 Reasons Pharmacy Graduates Will Struggle to Build Wealth (And What You Can Do About It) - Part 2On Episode 21 of the Your Financial Pharmacist Podcast, we wrap up our two-part series talking about six reasons pharmacy graduates will struggle to build wealth and what they can do to combat these factors working against them. Episodes 20-21 Special Giveaway Along with this series, we are providing a YFP step-by-step spending plan (budget) template that will put you on the path to putting purpose to your spending each month. As this series highlights the factors working against us to build wealth, the reality is that we need to be more intentional about our monthly spending in order to achieve ou...
2017-11-1742 minYour Financial PharmacistYFP 017: Essential Questions to Ask Before Hiring a Financial Planner On Episode 017 of the Your Financial Pharmacist Podcast, we wrap up our 3-part series about the financial planning industry and what to look for when hiring a planner. We'll talk more about how they get paid and what specifically to ask to make sure you are hiring a planner that has your best interest in mind. Episode 017 Special Giveaway Along with this three-part series, the team at YFP has prepared an awesome giveaway that will give you the "Nuts & Bolts to Hiring a Financial Planner". Head on over to www.yourfinancialpharmacist.com/nutsandbolts to get your copy today! In this g...
2017-10-1938 minYour Financial PharmacistYFP 015: West Point to CFP: Tim Baker's Journey to Becoming a Fee-Only Financial Planner for PharmacistsOn Episode 015 of the Your Financial Pharmacist Podcast, we kick off a 3-part series exploring the good, bad and ugly of the financial planning industry by interviewing the owner of Script Financial and YFP team member, Tim Baker, CERTIFIED FINANCIAL PLANNER. Episode 015 Special Giveaway Along with this three-part series, the team at YFP has prepared an awesome giveaway that will give you the "Nuts & Bolts to Hiring a Financial Planner". Head on over to www.yourfinancialpharmacist.com/nutsandbolts to get your copy today! In this giveaway, we cover: the benefits of hiring a financial planner; the different types of financial p...
2017-10-0632 minYour Financial PharmacistYFP 013: Getting Organized With Your Student Loans (Part 2)On Episode 013 of the Your Financial Pharmacist Podcast, we finish off our 2-part discussion of getting organized with your student loans as Tim Church rejoins Tim Baker as co-host. Tim and Tim dive deeper into the 4 strategies to pay off your student loans and discuss the associated repayment plans to consider. Tim and Tim also discuss refinancing and consolidation options and tackle the question of investing versus paying down debt. What You'll Learn From This Episode The 4 strategies to take to pay off student loans The difference between refinancing and consolidation Investing versus paying off debt Featured on the Show...
2017-09-2133 minYour Financial PharmacistYFP 003: Why Every Pharmacist Should be a Millionaire (Part 2)Episode 003 Podcast Notes What You'll Learn From This Episode Continuing the conversation why every pharmacist should be a millionaire Tim Baker, CFP interviews Tim Ulbrich, PharmD to help determine his nest egg Tim Baker, CFP helps Tim Ulbrich, PharmD discover his monthly number to achieve his nest egg Featured on the Show American Pharmacists Association (APhA) Annual Conference Seven Figure Pharmacist by Tim Ulbrich & Tim Church Additional income opportunities: Rover.com
2017-06-3027 minYour Financial PharmacistYFP 001: The Genesis of the Your Financial Pharmacist PodcastEpisode 001 Podcast Show Notes What You'll Learn From This Episode Tim Baker, CFP discusses his path to the launch of Script Financial and helping pharmacists achieve their financial goals. Tim Ulbrich, PharmD talks about his experience of being broke and working to become debt free. We discuss why is this is a pertinent topic. We chat about the format of the YFP podcast. Featured on the Show Screenshot of Tim Ulbrich's last debt payment
2017-06-2824 min