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CRNA Advisors Library
At CRNA Advisors, we make it our mission to provide expert knowledge affecting CRNAs and other investors today. Putting you at the forefront of the financial industry, the blog posts found here give in-depth information to help you make wise financial decisions.
Consider all these posts “CRNA Knowledge and Insight.”
Click the button below to download the Certification of Completion to get Class B CE Credit after listening to our podcasts
The Growing Threat of Inflation on CRNAs
As a dedicated and motivated CRNA, you have spent your entire career being an advocate for your patients in the operating room. You’ve put in countless hours, either as a W-2 employee or as a locum contractor, in a fast-paced career that can eventually afford you the freedom to retire comfortably.
Six Tips For Optimizing Your Locum CRNA Experience
Freedom! It is one of the main reasons CRNAs cite for becoming independent contractors. They want the freedom to achieve a better work/life balance, opportunity for growth and travel, plus scheduling flexibility.
Ep. 125: What Retirement Lifestyle Will You Choose?
Once you decide to step away from your CRNA career, have you thought about how you want to spend retirement? As you get closer to that next chapter, it’s important to think through your lifestyle to help determine what kind of expenses you might incur and how much money you’ll need to cover it. Today we’ll tell you about the most common lifestyles that CRNAs choose and some of the financial considerations that come along with each option.
What Retirement Lifestyle Will You Choose?
With all that’s going on today, many CRNAs are reconsidering what’s truly important in life. Over the past year, the pandemic has impacted so many aspects of our everyday lives, and as a result, we are seeing more and more CRNAs choose to retire early.
Ep. 97: How COVID-19 Has Affected the Economy and CRNA Retirements
Jeremy and Sharon had a chance to speak at the 2020 NCANA/SCANA Virtual Meetings about the impact COVID-19 on CRNAs and their financial security. They’ll provide some eye-opening stats about the economy overall from the past six months and share the direct effect it’s had on CRNAs. But don’t fret, there will also be guidance on what you can be doing to get your financial future in order. Hear that full presentation on this episode.
Are You A CRNA Within 10 Years of Retirement?
According to a recent report by the AANA, over 50% of practicing CRNAs planned to retire by 2022, but the financial impacts of COVID-19 may be threatening those plans for many. Across the country, thousands of CRNAs are now nearing retirement with significantly devalued portfolios. Naturally, they are fearful for their future.
Ep. 52: Should CRNAs Contribute to Roth or Pre-Tax or Both?
As much as you love the work you do, eventually you’ll want to step away and enjoy time to yourself in retirement. But what’s the best way to invest for your future? Should you contribute your pre-tax money into a traditional IRA or is Roth a better option? Let’s discuss all the options available to you and what factors will determine the best route to retirement.
Ep. 44: Medicare Decisions For The Retiring (or Retired) CRNA
Retirement means many different things but one of the most important is transitioning to a new healthcare plan. For many people, Medicare becomes the best option but it can be difficult to sort through and understand. Who is eligible? What are my options? How much are premiums? We brought on Medicare guru Joanne Giardini-Russell to clear up a lot of questions for us.
Guest Post - Medicare and You Retirement… OR Medicare and Non-Retirement!
Right out the gate, you can see how confusing Medicare can be! Many people feel that you must sign up for Medicare when you turn 65 (even though you are still working or your spouse is, etc.). One of the many myths that we work to combat on a daily basis!
Ep. 17: CRNA Retirement Ready Series Part 2 – Preparing For Life After Anesthesia
This week, we'll continue the topic of how CRNAs can plan for a successful retirement. We’ll talk about when you should take social security, how much money is safe to withdraw from your savings, and how taxes will affect you.
Ep. 16: CRNA Retirement Ready Series Part 1 – Preparing For Life After Anesthesia
If you're like many CRNAs, retirement is not too far off in the distance. And the first step in preparing for retirement is knowing what to expect.
How Should CRNAs Facing Divorce Split Retirement Accounts?
While I am sure it will come as no surprise, the CRNA profession is one of the most stressful career paths you can choose. According to the Occupational Information Network, a US Department of Labor job database, on a scale from 1 (least stressful) to 100 (most stressful), CRNA’s stress tolerance level is a whopping 98! [1] (Lucky for me, financial planners only experience a 77 stress tolerance level.)
How Do You Stay A CRNA Millionaire?
As a CRNA, you’ve worked hard in your education and career to get where you are. Regardless of whether you are currently employed or have already retired, it’s important to preserve the assets for which you have so diligently worked.
Americans Are Saving An Average Of 7.6% For Retirement. How Do CRNAs Compare?
If you Google how much you should be saving for retirement, you’ll likely find a wide range of numbers, anywhere from 5% to 20% of your gross income. But how much do Americans actually save?
How CRNAs Can Turn Their IRA Into A Family Fortune
We’ve previously discussed the benefits of an IRA, but many CRNAs are unaware of the potential power of an inherited IRA, be it one you inherit from your parents or one you pass on to your children.
How Can CRNAs Get Their Questions Answered About Medicare From Someone They Can Trust?
We all know that healthcare planning is a huge part of retirement planning. But, WHEN do we really start that conversation? And how do we approach such an enormous topic?
50% of CRNAs Are Going to Retire Over the Next 10 Years: The Hierarchy of Retirement
Even though money is fungible, we often categorize our money into different buckets, be it by types of spending or time frame. We also tend to mentally prioritize our income and assets, focusing first on covering our current income needs, then to our existing assets, and lastly to our savings for future needs.
The Secret To An Early Retirement Isn’t What You Think It Is
When I meet with Certified Registered Nurse Anesthetists (CRNAs), many assume that earning a high income is the key to retiring early. While it’s true that the high income CRNAs enjoy is helpful, the real secret comes down to two S’s: spending and saving.
Three Strategies For CRNAs To Retire Early
After spending decades working in a demanding career, many CRNAs dream of retiring early. And for some who have saved enough to do so, it’s important to have a retirement strategy in place that focuses on minimizing taxes and penalties.
How To Save For Retirement As A Freelancer
According to a 2009 study, around 14% of CRNAs worked as freelancers or independent contractors. However, there’s no doubt that number has increased in the last few years as freelancing across numerous industries is on the rise.
