Financial Clarity for Doctors

Finity Group
  • 5.0 (22)
  • Investing
  • Updated Biweekly

Corey Janoff and Rachelle Vanderzanden of Finity Group discuss pertinent financial planning topics affecting doctors and other medical professionals.

  1. May 25

    Don't Even Try to Keep Up with the Doctors on TV

    In so many ways, television and movies can be unrealistic. Some things fly under the radar most of the time!  In this episode of Financial Clarity for Doctors, hosts Rachelle Vanderzanden and Corey Janoff walk through some examples of shows with characters living inflated lives.  Does it make sense given their profession and age?  Probably not.  They often have nicer homes and nicer things and a lot more free time than their counterparts in real life. Shows featuring medical professionals living inflated lifestyles include: Shrinking is a great example! Jimmy is a Cognitive Behavioral Therapist in Southern California in a beautiful home and he barely seems to work.  How? Shows featuring trainees seem to do a better job (sometimes). The Pitt, Grey’s Anatomy, ER – all seemed to discuss at one point or other the struggle to make ends meet as an Intern, Resident, or Fellow. Many classic sitcoms feature regular people with a variety of jobs in absolutely gorgeous homes in California. Modern Family and Full House are great examples.  Or a rent-controlled apartment in New York! “Keeping up with the Jones” is hard enough.  Do not try to keep up with their counterparts on television!  You never know the resources people may have, but lifestyle and income alone rarely match up on screen. For more financial planning tips from Corey and Rachelle, find them on social media! LinkedIn: @CoreyJanoff; Instagram: @CoreyJanoff and @VanderzandenRachelle; and Twitter: @CoreyJanoffCFP Discussions in this show should not be construed as specific recommendations or investment advice. Always consult with your investment professional before making important investment decisions. Securities and advisory services offered through LPL Financial, a registered investment advisor, Member FINRA/SIPC.  Finity Group, LLC is a separate entity from LPL Financial.  Citations: Redfin and Zillow were used to find comparables for houses in specific areas.

    32 min

  2. May 11

    The Economy: Data vs Sentiment

    Human behavior and feeling is not always driven by numbers and data.  This is especially true when we think about consumer sentiment compared to the economy we review in numbers and charts.  In this episode of Financial Clarity for Doctors, hosts Corey Janoff and Rachelle Vanderzanden discuss current economic sentiment, current economic conditions, and why those two things seem to be harder and harder to reconcile. How are we feeling and what do the numbers show? A University of Michigan survey earlier this year showed that consumer sentiment is at its lowest point since 1978 (strong employment, but high inflation and a weak dollar). Reasons include fears of new technology (will AI take our jobs?), interest rates/federal reserve, lingering effects of inflation, geopolitical conflict, and domestic political differences. BUT: Unemployment is ~4.3% - low historically, but higher than a couple years ago. But job addition numbers are low. S&P 500 is at an all-time high as of mid-April 2026. Almost two thirds of people are investing in stocks. Inflation is about 3%. Very close to average, but we are still feeling the lingering effects of the last couple years. Wages have grown faster than inflation. Despite the positive economic data, lots of things can make our “sentiment” more negative, especially if it affects us directly. That can include things like: Feeling like buying a home is no longer affordable. Being stuck in a job you don’t like, because there are limited job opportunities. Experiencing more localized effects of things like decreased tax revenue – cuts in schools for example. As always, these topics are large and nuanced.  We have little to no control over larger economic trends.  Try to focus on what you can control, whether that’s your own personal finances or the causes you choose to support.  Listen to the full episode to learn more. For more financial planning tips from Corey and Rachelle, find them on social media! LinkedIn: @CoreyJanoff and @RachelleVanderzanden; Instagram: @CoreyJanoff and @VanderzandenRachelle; and Twitter: @CoreyJanoffCFP and @RachelleFinance  Discussions in this show should not be construed as specific recommendations or investment advice. Always consult with your investment professional before making important investment decisions. Securities and advisory services offered through LPL Financial, a registered investment advisor, Member FINRA/SIPC.  Finity Group, LLC is a separate entity from LPL Financial.

    51 min

  3. Apr 27

    The Challenges of Early Retirement

    For a lot of people, the answer to when they would like to retire is “as soon as possible!”  For those folks, a lot of resources often need to go toward that goal, because it is challenging!  In this episode of Financial Clarity for Doctors, hosts Corey Janoff and Rachelle Vanderzanden discuss some challenges of early retirement and how to best work toward that goal.  Early Retirement Basics:  What is early?  Social Security Full Retirement Age is now Age 67.  Age 65 is still fairly standard.  Age 60 is early retirement!  If you are thinking about retiring even earlier, the challenges compound.  Being prepared to quit work earlier means you will have fewer years to save, fewer years for your money to grow, and more years to support yourself without earned income.  This is the challenge!  Every situation is different, but for most people, that means you must save a large percentage of your gross income for retirement.  This reduces the lifestyle you need to maintain in retirement and helps your savings grow faster.  This is a complicated and nuanced topic with lots more to learn!  To learn additional early retirement strategies, listen to the full episode.  As always, we encourage folks to focus on what they can control – spending, savings, and potentially earnings.  For more financial planning tips from Corey and Rachelle, find them on social media!  LinkedIn: @CoreyJanoff and @RachelleVanderzanden; Instagram: @CoreyJanoff and @VanderzandenRachelle; and Twitter: @CoreyJanoffCFP and @RachelleFinance   Discussions in this show should not be construed as specific recommendations or investment advice. Always consult with your investment professional before making important investment decisions. Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Finity Group, LLC and Cambridge are not affiliated. Cambridge does not offer tax or legal advice.

    39 min

  4. Apr 13

    Teaching Kids to Save

    April is Financial Literacy month, and in this episode of Financial Clarity for Doctors, hosts Corey Janoff and Rachelle Vanderzanden talk about some basics of teaching kids to save and manage money responsibly.  Getting kids to the point where they are financially independent is a huge milestone, and sometimes it feels like that is harder to achieve than it has ever been.  Strategies and ideas for raising financially literate children:  Model good financial habits and discuss them with your children.  This includes:  Tradeoffs – you can buy this, but then won’t have enough money for that.  Delayed gratification – saving for the “big” items.  Retirement – we set aside some of our money, so someday we can quit working.  College – we set aside money for you, so that someday you can go to college, learn schools, and get a good job to be able live on your own.  Taxes – some portion of the money we make goes to the government to pay for schools, roads, and other things.  Start early with the basics and as your children grow, you can incorporate things like savings accounts, investment accounts, and even involving your kids in decision-making with family spending (vacations are a great example!).  There is no perfect way to teach every single kid, but knowledge is key here!  You don’t necessarily need to discuss specific numbers like salaries, but involving kids in the household finances at a very basic level is a great way for them to learn.  For more financial planning tips from Corey and Rachelle, find them on social media!  LinkedIn: @CoreyJanoff and @RachelleVanderzanden; Instagram: @CoreyJanoff and @VanderzandenRachelle; and Twitter: @CoreyJanoffCFP and @RachelleFinance   Discussions in this show should not be construed as specific recommendations or investment advice. Always consult with your investment professional before making important investment decisions. Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Finity Group, LLC and Cambridge are not affiliated. Cambridge does not offer tax or legal advice.

    34 min

  5. Mar 30

    Mutual Funds vs ETFs vs Other Investments

    In this episode of Financial Clarity for Doctors, hosts Corey Janoff and Rachelle Vanderzanden are joined by Zach Kill, CFA® to walk through some of the basics of mutual funds and exchange traded funds (ETFs). They are very similar!  But there are a few differences and pros/cons to both. Similarities: Both are collections of investments purchased with pooled money, usually from many different investors. There is generally a stated purpose for the fund. For example, an S&P 500 ETF and mutual fund are both designed to track the performance of the 500 largest publicly traded companies in the U.S. Both can be either passively managed (most likely following an index) or actively managed with a management team selecting individual companies to buy and sell. Differences include: The timing of trading and pricing. Mutual funds are generally traded and priced at “Net Asset Value” (NAV) as of the end of the day when the trade was initiated. ETFs can be bought and sold throughout the day, similar to stock trading. This can affect things like price and tax efficiency. There are a few other options that we cover in this episode as well.  Listen to the full episode to learn more, including why any of this even matters. For more financial planning tips from Corey and Rachelle, find them on social media! LinkedIn: @CoreyJanoff and @RachelleVanderzanden; Instagram: @CoreyJanoff and @VanderzandenRachelle; and Twitter: @CoreyJanoffCFP and @RachelleFinance  Discussions in this show should not be construed as specific recommendations or investment advice. Always consult with your investment professional before making important investment decisions. Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Finity Group, LLC and Cambridge are not affiliated. Cambridge does not offer tax or legal advice.

    50 min

  6. Mar 16

    Realistic Return Expectations

    In this episode of Financial Clarity for Doctors, hosts Corey Janoff and Rachelle Vanderzanden walk through some realistic expectations for investment returns.  The biggest thing is to expect a bumpy ride!  Then it is harder to be caught off guard. In this episode we discuss: Historical returns of different categories of investments over time. The best and worst decades. The range is huge! Cumulative returns over time for different markets and time periods. The value of diversification. Past returns cannot tell us how markets will perform in the future, but they provide great examples of just how volatile investing can be.  One of the best years to be invested in large US companies was 1954 with about a 53% return in the S&P 500; while one of the worst years was 2008 with about a -37% return.  That is a wide variety of outcomes that you must be prepared for when investing in the stock market.  Having diversification can soften those sharp edges a bit, but it’s still going to be a bumpy ride!  Listen to the full episode to hear more. For more financial planning tips from Corey and Rachelle, find them on social media! LinkedIn: @CoreyJanoff and @RachelleVanderzanden; Instagram: @CoreyJanoff and @VanderzandenRachelle; and Twitter: @CoreyJanoffCFP and @RachelleFinance  Discussions in this show should not be construed as specific recommendations or investment advice. Always consult with your investment professional before making important investment decisions. Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Finity Group, LLC and Cambridge are not affiliated. Cambridge does not offer tax or legal advice.

    31 min

  7. Mar 2

    Taxes are the Worst

    It’s tax season!  In this episode of Financial Clarity for Doctors, hosts Corey Janoff and Rachelle Vanderzanden dive into the horror and torture of filing your annual tax returns.  We may not be accountants, but we can certainly commiserate. In this episode we discuss: Some basics of taxation, including where your tax money goes and why it feels so challenging to tackle the filing process. A few ways to reduce your taxable income AND increase your savings through workplace retirement plans and things like Health Savings Accounts. Suggestions on how to stay organized to ease the process a bit. Encouragement to outsource tax planning to professionals if/when you feel overwhelmed. Often paying your taxes is not too terrible, but the process of completing and filing your return can cause anxiety and fear.  Our tax system is complicated, and it is not uncommon to feel like you’ve missed something.  It may be worth a little money to offload that worry and concern.  Listen to the full episode to hear more. For more financial planning tips from Corey and Rachelle, find them on social media! LinkedIn: @CoreyJanoff and @RachelleVanderzanden; Instagram: @CoreyJanoff and @VanderzandenRachelle; and Twitter: @CoreyJanoffCFP and @RachelleFinance  Discussions in this show should not be construed as specific recommendations or investment advice. Always consult with your investment professional before making important investment decisions. Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Finity Group, LLC and Cambridge are not affiliated. Cambridge does not offer tax or legal advice.

    39 min

  8. Feb 16

    Investing During Scary Markets

    Sometimes the world feels scarier than average.  In this episode of Financial Clarity for Doctors, hosts Corey Janoff and Rachelle Vanderzanden, walk through some questions and discussions that have come up with clients who seem to be bracing for something scary to happen that will affect their portfolios. In this episode we discuss: Current fears, including the growth of AI companies, geopolitical risk, housing affordability, and political tension. Past examples of market drawdowns, some short-lived, others that took a long time to recover from! Covid downturn Housing crisis Internet bubble Great depression How market cycles and economic/political cycles do not align as well as you may expect. We cannot guess how the market will react to specific economic or political events. The market recovered very quickly during Covid even though a lot of people were still struggling. How diversification can help insulate you from some risk but also help you feel more comfortable with your portfolio. Trying to time the market could potentially be the biggest risk of all, especially if you sell when the market declines and you feel less comfortable investing.  This may mean you’re in the market for the bad days and then miss the good ones!  Try to remain consistent.  Listen to the full episode to hear more about alternative investments that offer some downside protection. For more financial planning tips from Corey and Rachelle, find them on social media! LinkedIn: @CoreyJanoff and @RachelleVanderzanden; Instagram: @CoreyJanoff and @VanderzandenRachelle; and Twitter: @CoreyJanoffCFP and @RachelleFinance  Discussions in this show should not be construed as specific recommendations or investment advice. Always consult with your investment professional before making important investment decisions. Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Finity Group, LLC and Cambridge are not affiliated. Cambridge does not offer tax or legal advice.

    37 min
See All (202)

5
out of 5
22 Ratings

About

Corey Janoff and Rachelle Vanderzanden of Finity Group discuss pertinent financial planning topics affecting doctors and other medical professionals.

Information

  • Creator
    Finity Group
  • Years Active
    2019 - 2026
  • Episodes
    202
  • Rating
    Clean
  • Copyright
    © Copyright 2022 All rights reserved.
  • Show Website
    Financial Clarity for Doctors

You Might Also Like