The PharmD FP Blog

This article explains the pros and cons of dollar-cost averaging and the role it plays in investing.

Inflation is causing prices to rise for everyday consumers. How will this rise affect your overall strategy?

You’ve probably been hearing about “The Great Resignation” as more Americans than ever are leaving their jobs. We examine why this is happening in our latest informative article.

Having to pay additional premiums for Medicare Part B & D coverage can be a financial drag. Especially if you find yourself in a situation where your income has dropped significantly. Lucky for you, there are remedies available through the IRMAA appeal process using form SSA-44.

Retirement freedom is a great goal to achieve in your golden years. However, retirement freedom is a term that can have many different meanings and used in a number of different ways. I like to define retirement freedom as "having the freedom from doing that which you dislike, while also having the freedom and resolve to purse your best life, at your own discretion."

Getting ready for retirement can be an overwhelming task for many people. Just when you think you've got everything figured out, a random issue always seems to pop-up. Income-Related Monthly Adjustment Amount (IRMAA) is one of these common issues pre-retirees run into. However, its usually a pain point they experience after the fact

Did you know you may be able to take your 401(k), 403(b), or 457 plan and roll it into another type of retirement account while you are still working? Let’s look at how these rollovers can happen and the pros and cons of making them.

Whatever your reason for giving this year, it’s important to know how your charitable contributions can impact your financial plan. In fact, being strategic and intentional in your 2021 contributions can create tax benefits for both you and your chosen charity.

Early retirement for many pharmacists would be a phenomenal goal to achieve. Especially if you are getting to a stage in your career where you feel burned out and unmotivated (see Retail Pharmacy). However, it can seem like a daunting decision to retire from your job much earlier than you had originally anticipated.

2021 has brought wild speculation about tax law changes that have turned the world of financial planning into a sea of uncertainty and doubt. It started back in April of 2021 when the Biden administration first proposed new legislation that would change the tax landscape dramatically. That bill proposed retroactive changes to capital gain tax brackets, increases to ordinary income tax brackets, and changes to certain tax credits. To make matters more confusing, in September of 2021, newer proposals were introduced that were much different than what was considered in April. Now what most believe will be the final bill of text (with some minor changes) being introduced in later October, where do pharmacists need to be focusing their attention? What is staying, what is changing, and how can pharmacists prepare themselves before the end of the year.

You want to check off all the boxes when it comes to making an estate planning strategy. But it can be hard to see what you may still be missing. As you work with your financial professional, start by reviewing these 9 questions.

There are a lot of questions about President Biden’s Build Back Better plan and potential tax law changes, including an adjustment to capital gains taxes. Many ideas are being considered as legislators look for ways to raise revenue to help pay for the Build Back Better plan.