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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
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 Tax Reform Will Affect CRNAs Facing Divorce
We already know that divorce can be messy and painful, but did you know that it’s about to get a lot more expensive as well? The passing of President Trump’s tax reform bill affects almost everyone in some way.
Four Tips For CRNAs Considering Divorce
Ever hear the old wives tale that 50% of marriages end in divorce? While it’s hard to pinpoint an exact divorce rate, some researchers report current rates could be as high as 50% while others believe the rate has been steadily declining over the past few decades and 30% is a more accurate statistic.
Does It Make Sense To Become A CRNA In 2018?
When it comes time to choose a career path or shift occupations, one of the top considerations is financial. Will this career provide the income I desire? Is it worth the investment of time and money to get the education I need?
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?
The Difference Between A Financial Advisor and An Insurance Agent
In the last few years, lines have blurred between financial advisors and insurance agents. Many professionals consider themselves both, when they’re not. The problem is that the word “advisor” has become a broad term to refer to anyone who provides advice on a financial topic.
CRNA Financial Planning Is A AANA Member Advantage Partner!
Did you know that CRNA Financial Planning is one of the only financial planning firms exclusively serving CRNAs? It’s true.
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.
5 Smart Tax Strategies For CRNA Business Owners
As a CRNA and business owner, it’s easy to get caught up in the busyness of the day and neglect some of the housekeeping elements of running a business. Rather than wait until the end of the year to prepare for the upcoming tax season, make it a goal this year to get ahead of the game.
How Do CRNAs Qualify For The New Business Income Deduction?
The new 2018 Section 199A tax deduction that you can claim on your IRS Form 1040 is a big deal.
How A CRNA S Corporation Can Reduce Your FICA Self-Employment Taxes
As a freelancer, you’re both a CRNA and a business owner, which means you have a lot more responsibilities. A few wrong mistakes could mean losing money or facing tax penalties.
The Value A Financial Advisor Brings To The Table
If you were going into a surgery for a procedure, you wouldn’t trust just anyone. You would take your time finding just the right person because your health is important to you.
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.
The Financial Implications Of The Reverse Breadwinner Effect
Just a few decades ago, it was standard for men to be the sole income provider for their family while women ran the household and took care of the children. However, the number of women joining and returning to the workforce after child-bearing has been rapidly increasing, and now more than ever, females are out-earning their male counterparts.
Is Your Advisor Following The Four E’s?
With over 200,000 financial advisors across the country, how do you find one who understands and appreciates what you do as a CRNA? The financial advisor with whom you choose to work will have a significant impact on your investment strategy, the fees you pay, and the confidence you have in your financial future.
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.
Is It Time To Delegate Your Finances?
Some of the most successful businesses and professionals rely on delegation, and for good reason. As our lives become busier, delegation lets us focus more time on our passions, families, and careers while allowing others to help with some of the time-consuming tasks, like managing finances.
