Tag: 401(k)
Financial Planning for Medical Professionals with Stephanie Nanney – Part One (Ep. 51)

Financial Planning for Medical Professionals with Stephanie Nanney – Part One (Ep. 51)

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Contrary to popular belief, earning a salary as a medical professional can sometimes cap your financial growth. 

Exploring different compensation models could open doors to greater control and profitability.

Join Nicole Romito as she sits down with her partner at Private Vista, Stephanie Nanney to peel back the layers of financial planning for medical professionals, providing insights into compensation structures, retirement planning, and the critical decisions that can shape your financial well-being. By listening, you’ll gain valuable knowledge on how medical professionals are paid, the importance of understanding compensation structures, and strategies to maximize your financial security.

Nicole and Stephanie discuss: 

  • Compensation structures for hospital employees vs. private practice professionals.
  • Contractual considerations for medical professionals regarding salary, bonuses, and benefits.
  • Designing retirement plans to maximize pre-tax savings for medical practice owners.
  • The evolving trend of private practice ownership and its financial and tax implications.
  • And more!

Resources:

Connect with Nicole Romito: 

Connect with Stephanie Nanney:

About Our Guest: 

Having grown up around the financial services industry, Stephanie Nanney, CFP®, CPFA, knows the value of long-term relationships with clients and the work and reward that comes with helping those clients, and their families, achieve financial goals. Stephanie’s primary goal in helping clients is to listen to them and establish a genuine partnership, providing a strong foundation of financial knowledge that is crucial to achieving their goals. Ultimately, witnessing her clients achieve their Private Vista is the most rewarding aspect of her work.

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REPLAY: Mastering Your Finances: Tips for Young Adults with Carrie Shoener (Ep. 47)

REPLAY: Mastering Your Finances: Tips for Young Adults with Carrie Shoener (Ep. 47)

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Jumping into managing your finances can be overwhelming, especially straight out of college.

But don’t worry, this week on Dollar$ and $ense we are replaying a popular episode that includes an insightful conversation about how young adults can build healthy financial habits.

Join Nicole Romito as she chats with Carrie Shoener (nee Mangan) about the importance of saving and investing, tips for maximizing employer contributions to a 401(k), and diversifying retirement savings across different accounts.

Gain insight into:

  • 401(k)s,  including contribution levels, employer matching, and pre-tax deductions
  • The top 3 tips for getting started with investing 
  • Rules of thumb for housing costs
  • Target Date Funds and how they may help you diversify your portfolio with less risk
  • The importance of having an emergency fund
  • And more!

Resource:

Connect with Nicole Romito: 

Connect with Carrie Shoener:

About Our Guest: 

Carrie Shoener is an advisor at Private Vista LLC. Her previous work as a high school teacher emphasized how important it is to build strong relationships as the cornerstone of one’s career. That same principle guides her work as an advisor, where she is able to continue helping people solve problems and make empowered decisions about their futures. Carrie sees her role as a trusted and empathetic source of financial education, and she enjoys working with clients to build up their knowledge and understanding of their options.

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FEATURE
Mastering Your Finances: Tips for Young Adults with Carrie Mangan (Ep. 21)

Mastering Your Finances: Tips for Young Adults with Carrie Mangan (Ep. 21)

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Navigating personal finances after college can be challenging for many young individuals who lack proper guidance on savings, investments, and managing their 401(k)s.

What are some goals and rules they should follow for the long-term? 

In this episode, Nicole Romito sits down with Carrie Mangan, advisor at Private Vista, to talk about the topic of building healthy financial habits for young adults just starting out in their careers. Carrie shares her expertise and experience to educate them on the importance of starting to save and invest early, maximizing employer contributions to a 401(k), and diversifying retirement savings across different types of accounts.

Additionally, Carrie discusses the importance of having an emergency fund and tracking net worth to be prepared for adverse situations and make better financial decisions.

Carrie discusses: 

  • Her background as a teacher and professional in the financial industry
  • The basics of 401k contributions, including contribution levels, employer matching, and the benefits of pre-tax deductions
  • The importance of understanding how much of your 401(k) balance is vested before leaving a job
  • Target date funds and how it provides diversified and professionally managed investment options
  • Three important rules of thumb for investing
  • The importance of building an emergency fund
  • The rule of thumb for housing costs
  • Reasons why it’s beneficial to track your net worth annually
  • How much to allocate to savings
  • And more!

 

Resources:

Connect with Nicole Romito: 

Connect with Carrie Mangan:

About our Guest: 

Carrie Mangan is an advisor at Private Vista LLC. Her previous work as a high school teacher emphasized how important it is to build strong relationships as the cornerstone of one’s career. That same principle guides her work as an advisor, where she is able to continue helping people solve problems and make empowered decisions about their futures. Carrie sees her role as a trusted and empathetic source of financial education, and she enjoys working with clients to build up their knowledge and understanding of their options.

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