68 episodes

PharmD Money, hosted by Certified Financial Planner practitioner Derek Delaney, brings relevant financial education and entertainment to the pharmacist community. Visit www.pharmdfp.com for more information on the show, PharmD Financial Planning LLC, and Derek.

PharmD Money Derek Delaney

    • Education
    • 5.0 • 5 Ratings

PharmD Money, hosted by Certified Financial Planner practitioner Derek Delaney, brings relevant financial education and entertainment to the pharmacist community. Visit www.pharmdfp.com for more information on the show, PharmD Financial Planning LLC, and Derek.

    Ep 68: Maximizing Your Pension For The Benefit Of Your Spouse

    Ep 68: Maximizing Your Pension For The Benefit Of Your Spouse

    Pension's are a phenomenal tool for retirement planning. Having a stream of income you can't outlive is one of the holy grails of retirement finance.

    However, the decision on what to do with your pension isn't as easy as just turning it on when you get to retirement. Many pension payout options exist and many of those offer payouts that are available to your spouse if you were to pass away first. 

    Unfortunately, those payout options for the surviving spouse mean that the original pension holder will have to take less in income. Sometimes this can mean a 25% - 40% cut in income.

    So what can pension owners do in order to maximize their own payout while also making sure their spouse is financially secure should they pass away at a younger than anticipated age?

    Pension maximization using life insurance is one great option to explore and in this podcast episode, we do just that!

    Enjoy the show!

    • 10 min
    Ep 67: Stop Putting Off Your Estate Planning

    Ep 67: Stop Putting Off Your Estate Planning

    Estate planning can seem like a overcomplicated and time consuming endeavor. For many people, that is a fair description. However, it's not a good reason for ignoring it completely. Once a proper estate pan is in place, it becomes much easier to manage as you age.

    In this podcast episode, Derek talks about the importance of estate planning and how a little effort and planning can make big positive impacts down the road. Not only for you but for your future beneficiaries as well.

    Enjoy the show!

    • 10 min
    Ep 66: Why You Shouldn't Use Current Economic Conditions To Make Investment Decisions

    Ep 66: Why You Shouldn't Use Current Economic Conditions To Make Investment Decisions

    Investing on it's own is very difficult. It becomes even harder when you are forced to make decisions based on macro economic conditions. Unfortunately, most people don't have access to advanced levels of data.

    Often times, this leads people to make decisions based on the current economic environment they are in right now. But this isn't how investment markets operate. They are forward looking and do their best to price in what they feel is fair value based on future events.

    So making decisions based on today's economic conditions could lead you to making poor investment decisions, which almost never ends well for most people. 

    In this episode, Derek explains why this is so important to understand.

    Enjoy the show!

    • 7 min
    Ep 65: 4 Steps To Take When Your Investment Portfolio Is Crashing

    Ep 65: 4 Steps To Take When Your Investment Portfolio Is Crashing

    Investing can be an exciting and challenging endeavor. So far in 2022, it's been more of a challenge than anything else. Especially for those who find they have a large portion of their net worth inside investment accounts.

    So what can you do to ease the pain of a stock market sell off? After seeing your investment accounts drop week after week, you may find yourself looking for a solution.

    I get this type of question often. So, in this episode, I give you 4 easy steps anyone can take during turbulent market times. 

    Enjoy the show!

    • 10 min
    Ep 64: I-Savings Bonds: What Are They and Why Are They So Popular?

    Ep 64: I-Savings Bonds: What Are They and Why Are They So Popular?

    It's been hard to find investment products that people can participate in that limit their downside risk of loss while also paying a decent interest rate. For this reason, I-savings bonds have exploded in popularity.

    I-savings bonds (I = inflation) are government savings bonds that pay an interest rate that is tired to the CPI - U inflation rate in America. Lately, as inflation has skyrocketed, so has the interest rate on these savings bonds.

    In this episode, Derek explains how they work and what investors should be aware of if they decide to take advantage of these savings bonds.

    • 10 min
    Ep 63: What Is Going On With Interest Rates

    Ep 63: What Is Going On With Interest Rates

    Interest rates are a complex topic. But they directly impact normal people on both ends of the spectrum. The cost to borrow money and the amount you earn on many investments are directly correlated with interest rates.

    So with all the media talk about the Federal Reserve raising interest rates, mortgage loan interest rising, and Bond investment funds falling, it can be difficult connecting all of these dots.

    In this episode, Derek does his best to explain how all these factors are interconnected and why you probably won't get a raise on the interest you're earning in your bank account any time soon.

    Enjoy the show!

    • 11 min

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