Doctors Eyes Only Vestia Personal Wealth Advisors, Vestia Retirement Plan Consultants, and Vestia Advisors, LLC. with Lauren Oschman

Welcome to this week’s edition of the Doctor’s Eyes Only podcast where Vestia Partner and CEO Lauren Oschman delivers Part 1 of a 2 Part series on Spring Cleaning for your Finances. As Lauren mentions in the podcast, the idea of spring cleaning is a cleansing, de-stressing activity to allow you to move forward confidently with more focus. This is in relation to your home, however it can be a very similar feeling after doing some spring cleaning for your finances. A great example could be if you have multiple brokerage accounts with different companies or advisors. Many times physicians who don’t have a specified advisor will invest extra cash in different accounts because of a special being offered or because they heard good things about a certain company. 



“Well, imagine how hard it is to keep track of four accounts. Number one, you have to remember they all exist. You have to have the credentials to actually get access to all of those accounts. You have to make sure you have four different tax forms to give to your accountant to report the same kind of activity, because again, it's the same type of account…”



The second tip Lauren shares for physicians looking to do some spring cleaning for their finances is to check the interest rates on savings accounts. As everyone knows the interest rates for getting a home loan have risen dramatically and it has impacted the real estate and lending industries. Something that many physicians have not considered is that the rates have also risen on savings accounts.



“Here's what I'm observing when I am meeting with doctors who are not currently working with an advisor or who haven't had time to look into this. They have money sitting in say their bank savings account where they're getting maybe 0 .1% interest.. According to the FDIC the national average on bank savings accounts or on savings accounts is 0.47%. So that's the national average. There are platforms where you can open up a high yield savings account. Often these are online platforms so you can set up an online savings account that is high interest.. Most of those are at like four to 5% interest.”



There are many other great tips regarding spring cleaning for your finances in this episode and even better than that, there is a part 2 that will release later this week, so be sure to follow, and subscribe where ever you find your favorite podcasts and check back soon for part 2. As always, the information in this podcast is a general over head view of the different options and limitations of a 529 plan, and we suggest meeting with your financial advisor and your accountant before making investment or tax decisions based on your specific situation. If you do not have an advisor or would like a second opinion, you can reach out to us at myteam@vestia.com, and an advisor will be in touch soon! 



#doctor #physicianwealth #orthopedicsurgeons #doctor #financialadvisor #personalwealthmanagement #womenphysicians 

Welcome to a special Mother’s Day episode of the Doctor’s Eyes Only podcast brought to you by Vestia Personal Wealth Advisors! In this episode, Vestia Partner and CEO Lauren Oschman delivers an inspiring message about the diverse paths of motherhood, while sharing stories about the amazing moms that she has had the honor of becoming acquainted with. 



“As I was thinking about the amazingness of moms, I was kind of reflecting on just the past few months, interactions that I've had with moms in just the course of my day -to -day doing the work that I do. And I was thinking about the mom who joined a Zoom meeting with me while doing a low -grade, low -intensity Peloton ride because she was like, if I don't combine these two things, the workout's not gonna happen today. I was thinking about the mom who recently launched her own medical practice because she wanted to be able to provide more personalized concierge care. She became a mom herself within the last few years and she realized that the kind of care that she wants for her own family was not the kind of care that was accessible in her area. And so she was like, I'm going to create this so that I can bring it to other families..”



Lauren also emphasizes how important it is to have role models for the next generation of women leaders as she she shares how her 5 year old daughter, who aspires to be a doctor, will have a different perspective on being a mother while balancing a medical career. Because Vestia works with the highest caliper of specialized physicians, Lauren is able to provide real life examples of exceptional women physicians who are also moms, to inspire her daughter. 



“So today on Mother's Day.. Whatever your story looks like right now, however old your kids are, whatever stage you're in, whatever hats you're wearing, whatever's on your plate. You're inspiring. You're amazing and you are doing a great job! From all of us at Vestia.. We just want to say thank you.”



Happy Mother’s Day to all of the Amazing Moms!



#mothersday #momssupportingmoms #womenempowerment #womendoctors #womenphyisicians #professionalwomen #amazingmoms

Welcome to this week’s edition of the Doctor’s Eyes Only podcast where Vestia Partner and CEO Lauren Oschman discusses the flexibility and limitations of 529 education savings plans that physicians can potentially take advantage of when saving for their children’s future education costs. Lauren explains what a 529 savings plan is, how it works, and the benefits of using this investment strategy for the potential of tax free growth and state tax deductions. With most anything that has a tax benefit, 529 plans have limits to contributions, and the money can only be used for a select number of qualified expenses, but as Lauren explains, there have been recent changes that allow for more potential flexibility in how the funds can be used. Lauren also covers some other important scenarios such as receiving college scholarships and options available if someone over saves. As always, the information in this podcast is a general over head view of the different options and limitations of a 529 plan, and we suggest meeting with your financial advisor and your accountant before making investment or tax decisions based on your specific situation. If this is something that your advisor hasn’t quite gotten the depth of, or maybe you don’t have a financial advisor, we at Vestia have a great team of advisors who help doctors with this and other investment decisions. You can reach out to us at myteam@vestia.com, and an advisor will be in touch to discuss your potential options. Thank you for listening and/ or watching and make sure you subscribe or follow so that you don't miss any future episodes.



#doctors #physicians #investing #529plan #educationsaving #collegesaving #wealththatmatters

Welcome to the Doctor’s Eyes Only podcast, this weeks episode features Vestia President, Partner, and COO Brad Quick as he talks about his experience in the Orthopedic industry and how his background led to the beginnings of Vestia Consulting, a business that helps physician innovators bring their ideas and products to market. Brad’s extensive knowledge and experience are highlighted as he shares insights from his time at Zimmer Biomet, where he learned the challenges of getting products approved and launched quickly, and the benefits of partnering with external innovative shops to accelerate product development. This experience was the exact reason Brad was the perfect fit for Vestia Personal Wealth Advisors when they were needing someone to run the operations side of the business, and what also led to him being asked to serve as the President of the company. While choosing to be hands on in his role, attending conferences and partnering with advisors and their clients in Vestia’s Orthopedic Specialty Group, Brad discovered a need for surgeon innovators who have ideas for products, or who have begun developing products, to improve the quality of the work they do while serving patients. Through Vestia Consulting, Brad advises physicians on navigating the complex process of commercializing their innovations, from ideation to negotiating with major corporations, while helping them overcome obstacles, identify market opportunities, and maximize the potential of their innovations.

Investment advisory services offered through Vestia Personal Wealth Advisors, Vestia Retirement Plan Consultants, and Vestia Advisors, LLC. Securities offered through Ausdal Financial Partners, Inc., 5187 Utica Ridge Rd, Davenport, IA. 52807 (563)326-2064. Member FINRA/SIPC. Vestia Personal Wealth Advisors, Vestia Retirement Plan Consultants, Vestia Advisors, LLC, and Ausdal Financial Partners, Inc. are independently owned and operated.

This material is intended for informational purposes only. It should not be construed as legal or tax advice and is not intended to replace the advice of a qualified attorney or tax advisor.  This information is not an offer or a solicitation to buy or sell securities.  The information contained may have been compiled from third-party sources and is believed to be reliable.

In this special Doctor’s Day edition of the Doctor’s Eyes Only Podcast, Vestia Partner and CEO Lauren Oschman shares stories about her experiences with Doctor’s Day growing up with a dad who is a physician. As Lauren reflects on what it meant to her to see the gifts that patients gave her father in appreciation for the help they had received, she also shares a revelation in her own life after hearing a story about a stranger that appears at a neurosurgeon’s home. As Lauren talks about in the podcast. The neurosurgeon’s wife was doing her normal duties, helping with homework, orchestrating rides to sports practices, all while cleaning up after her kids, when there was a knock at the door. When she went to see who it was, she found a man standing there with take-out bags in his hand, delivering dinner to her family. 

He said you don't know me, and we've never met, but one year ago today, I know that your husband didn't come home for dinner. And the reason I know that, is because he was at the hospital saving my life. So, on the one-year anniversary of thinking about what your husband did for me and about what he gave to me, I wanted to give your family dinner to say thank you for what you sacrificed, so that he could be there for me, and I could get more time with my family. 

“It hit me like a ton of bricks. When I heard that story, I stopped in my tracks and I was like, Oh my gosh, I have been thinking about this all wrong… When I look back on my childhood, I think about the times that my dad wasn't there… Or maybe I wished I got a little bit more, but when he wasn't there, it was because he was literally giving people more life and he was giving family more time with their loved ones.” – Lauren Oschman 

As we celebrate Doctor’s Day, we want to thank you from the bottom of our hearts and encourage others to do the same. Because most of us are healthy and spend our time enjoying life, it is easy to forget the enormous impact doctors have on our communities. You keep us healthy, and you give us better lives. We see the sacrifice you make to fulfill your duty, and we are so thankful you make the choice to show up for your patients each and every day. We are beyond honored to partner with you and ease a little bit of the burden you shoulder so you can have more time making memories with those you love. So, on behalf of all of us at Vestia Personal Wealth Advisors, thank you for being our Superheroes in Lab Coats and Scrubs. If you are working or on call this Doctor’s Day (as we know many of you are), thank you for your dedication. If you have the day off, we hope you have an amazing day feeling celebrated by your communities, treasured by your loved ones, and enjoying your Wealth that Matters®. – From the recent Blog post titled, Happy Doctors Day to our Superheroes in Lab Coats and Scrubs!

Click the link to read more - https://www.vestiaadvisors.com/happy-doctors-day-to-our-superheroes-in-lab-coats-and-scrubs/

Investment advisory services offered through Vestia Personal Wealth Advisors, Vestia Retirement Plan Consultants, and Vestia Advisors, LLC. Securities offered through Ausdal Financial Partners, Inc., 5187 Utica Ridge Rd, Davenport, IA. 52807 (563)326-2064. Member FINRA/SIPC. Vestia Personal Wealth Advisors, Vestia Retirement Plan Consultants, Vestia Advisors, LLC, and Ausdal Financial Partners, Inc. are independently owned and operated.

This material is intended for informational purposes only. It should not be construed as legal or tax advice and is not intended to replace the advice of a qualified attorney or tax advisor.  This information is not an offer or a solicitation to buy or sell securities.  The information contained may have been compiled from third-party sources and is believed to be reliable.

In this episode of the Doctor’s Eyes Only podcast, Vestia Partner and CEO Lauren Oschman provides guidance to physicians on consolidating multiple retirement accounts that may have been left behind at a previous employer after switching jobs. Lauren talks about many different options including consolidating assets into an IRA, rolling over to a new employer’s 401K or 403B, converting to a Roth IRA, leaving the account as-is, or cashing out (This is rarely recommended due to potential tax implications). Some of the important details that are covered include asset protection, fees, Backdoor Roth IRA eligibility, and the hassle of tracking multiple accounts. 

Once again, as we have made known before, wee are not accountants. As financial advisors, we do often work closely with accountants to help with client tax strategy, but we are not accountants. So any of these tax specific topics talked about in this podcast, we will defer to the expertise of your accountant and recommend that you run any of these things by your accountant before you make a final decision. 

Thank you for tuning in and like always, if you have any questions, or just need guidance on consolidating a number of accounts from past employers, send us an email at myteam@vestia.com, and an advisor will be in touch. 



Investment advisory services offered through Vestia Personal Wealth Advisors, Vestia Retirement Plan Consultants, and Vestia Advisors, LLC. Securities offered through Ausdal Financial Partners, Inc., 5187 Utica Ridge Rd, Davenport, IA. 52807 (563)326-2064. Member FINRA/SIPC. Vestia Personal Wealth Advisors, Vestia Retirement Plan Consultants, Vestia Advisors, LLC, and Ausdal Financial Partners, Inc. are independently owned and operated.

This material is intended for informational purposes only. It should not be construed as legal or tax advice and is not intended to replace the advice of a qualified attorney or tax advisor.  This information is not an offer or a solicitation to buy or sell securities.  The information contained may have been compiled from third-party sources and is believed to be reliable.