Financial Clarity for Doctors

Let’s go back to macroeconomics class!   In this episode of Financial Clarity for Doctors, hosts Rachelle Vanderzanden and Corey Janoff discuss the basics of inflation.  Why do prices continue increasing?  We’d rather pay 25 cents for milk too!  Unfortunately, capitalism and supply and demand make price stability pretty much impossible.  And that’s not always a bad thing. 

Some Basics on Inflation: 

• Generally measured in the U...

Financial Clarity for Doctors spends a lot of time talking about how to balance your financial priorities and achieve your goals with the resources you have.  In this episode, hosts Corey Janoff and Rachelle Vanderzanden take some time to delve into those life goals.  We often ask clients, “What’s the fairy tale for you?”  Spending some time thinking about the things you’re working toward can be a lot of fun – and motivating! 

Your...

In this episode of Financial Clarity for Doctors, hosts Corey Janoff and Rachelle Vanderzanden dive into the world of financial advice driven by Artificial Intelligence.  Computers are becoming more and more sophisticated and nuanced in their ability to answer questions and provide advice and information on a wide range of topics.  Can we rely on AI for good financial advice?

In this episode we walk through:

• Current uses of AI...

In this episode of Financial Clarity for Doctors, hosts Corey Janoff and Rachelle Vanderzanden unpack many of the assumptions that are built into financial planning.  This is necessary when you can’t predict the future, but how conservative or aggressive your assumptions are can greatly impact your chances of success.

Some of these assumptions include:

• Your projected age of retirement
• How much money you will need to be comfort...

In this episode of Financial Clarity for Doctors, hosts Corey Janoff and Rachelle Vanderzanden walk through some details of selling different types of medical practices to private equity.  This trend is growing and could potentially affect you whether you are employed by a large hospital system or the sole owner of your own practice.

In this episode, you will hear:

• Discussion of the movement away from physician-owned private p...

This episode of Financial Clarity for Doctors delves into some updates to charitable giving under the new One Big Beautiful Bill as well as some other items in the bill that may affect listeners.  Hosts Corey Janoff and Rachelle Vanderzanden walk through some highlights.  Keep in mind that federal policy evolves as the executive branch and Congress evolve.  This is the tax structure for now, but not forever.

Changes under the One B...

For those of you that are interested in giving, let’s try to do so as tax efficiently as possible!  In this episode of Financial Clarity for Doctors, Rachelle Vanderzanden and Corey Janoff walk through a few ways you can give money to the causes that are near and dear to your heart and pay a little less in taxes at the same time.  Often, the larger the gift, the more tax benefits, but even small gifts can potentially have tax benef...

There is a lot of “common knowledge” in life that may or may not be right for you.  In this episode of Financial Clarity for Doctors, Rachelle Vanderzanden and Corey Janoff debunk some financial planning myths that simply don’t hold true for most people any longer.  As always, you should take the specifics of your situation into consideration when making any financial decisions.

“Myths” discussed include:

• You can set up a fina...

Some investments are flashier or more exciting than others.  But do you really need flashy and exciting to meet your financial goals?  In this episode of Financial Clarity for Doctors, hosts Corey Janoff and Rachelle Vanderzanden and Corey Janoff talk about alternative investment strategies and whether you may need them as part of your investment strategy.

This episode covers some basics of alternative investments including:

• A...

In this episode of Financial Clarity for Doctors, hosts Rachelle Vanderzanden and Corey Janoff discuss how our expectations adjust over time.  If we continue to want more and more, how will we ever be satisfied with what we already have?

Discussions in this episode include:

• Nostalgia about the “good ol’ days”.
• Comparisons of expected standard of living in the middle of the twentieth century and today.
• How personal expectations...

Public Service Loan Forgiveness is a hot topic for many medical professionals still trying to work their way out of school debt.  In this episode of Financial Clarity for Doctors, Rachelle Vanderzanden and Corey Janoff walk through the current state of the program and whether or not it’s still worth pursuing.

This episode discusses:

• The basic parameters of Public Service Loan Forgiveness (PSLF).
• Historical context of proposed ...

In this episode of Financial Clarity for Doctors Finity Group financial advisors, Corey Janoff and Rachelle Vanderzanden, discuss a few ways you can work through how to value your own time.

Valuing your time:

• Why does it matter? This can help you decide all sorts of things!  Such as….
  • How much to work (assuming you have the flexibility to decide)
  • Whether it makes sense to do something yourself or pay someone else to do it
  ...

Headlines, federal government funding issues, and stock market volatility can lead people to question how secure their own place is in the economy. How will this impact my job and my income?  In this episode of Financial Clarity for Doctors, Rachelle Vanderzanden and Corey Janoff, walk through a few things that MAY impact the job market for physicians and other medical professionals.

As always – It depends!

• Policy at the feder...

One of the questions our advisors get most frequently from clients is, “Am I on track?”  In this episode of Financial Clarity for Doctors, Corey Janoff and Rachelle Vanderzanden, walk through a few ways to evaluate progress toward your goals.

Steps to assess your progress:

• First, decide on what you are trying to achieve! Goals are different for everyone.
  • This can be retirement, college savings, debt repayment, and many ot...

In this episode of Financial Clarity for Doctors, Corey Janoff and Rachelle Vanderzanden, discuss some of the basics of pensions.  How do you get one, what are the benefits, and exactly how do these things work?

Some pension basics covered in this episode include:

• What type of employers off these retirement plans and who contributes to them.
• The types of investment risk associated with these plans (and who takes that risk).
• Ho...

In this episode of Financial Clarity for Doctors, Corey Janoff and Rachelle Vanderzanden walk through some of the most common questions they hear from clients.  Everything from ‘why is the sky blue?’ to ‘how do you capture a swarm of honeybees?’  Just kidding!  They’re all questions about money.  Below are a few examples.

Common questions include:

• Is now a good time to invest?
• Should I make changes to my investments based on c...

Most folks, including doctors, do not end up staying in their first jobs long-term.  In this episode of Financial Clarity for Doctors, Corey Janoff and Rachelle Vanderzanden talk over some of the financial implications of career transitions.

These implications include:

• Changes in income amounts and the structure of pay
• Differences in work requirements
• Tax differences from place to place
• Things to look for in retirement plans a...

In this episode of Financial Clarity for Doctors, hosts Rachelle Vanderzanden and Corey Janoff walk through some of the attention-grabbing headlines during the first few weeks of President Trump’s second term.  Most people have at least some reaction to everything we see, but how might this affect your finances?

Topics covered in this episode include:

• Policy proposals and potential economic impacts (or lack of economic impacts...

In this episode of Financial Clarity for Doctors, hosts Rachelle Vanderzanden and Corey Janoff discuss all the fun expenses that come along with pet ownership.  When you love something, it tends to cost you a little more!

Topics covered in this episode include:

• Basic ongoing expenses of pet ownership.
• How the costs of pet ownership have changed over time.
• The ins and outs of pet insurance.
• How to be prepared for large, unexpec...