Financial Clarity for Doctors

Annuities may have a bad reputation but have a place in some financial plans.  In this episode of Financial Clarity for Doctors, hosts Corey Janoff and Rachelle Vanderzanden dive into the intricacies of annuities and how they can potentially be used to reach different goals. This episode discusses: The history of annuities – one of the oldest financial instruments! Different kinds of annuities. Pros and cons of annuities, including things like costs and tax implications. Where annuities can sometimes fit into a financial plan. Annuities are complex and often expensive, but they can also serve a purpose.  For those who want a secure income source in retirement, they can be a good tool to establish a baseline (depending on how it is structured).  For some people the peace of mind is worth the cost. For more financial planning tips from Corey and Rachelle, find them on social media! LinkedIn: @CoreyJanoff; Instagram: @CoreyJanoff and @VanderzandenRachelle; and Twitter: @CoreyJanoffCFP Verify current source URLs and product-specific claims before publication. Annuity guarantees depend on the contract and the issuing insurer’s claims-paying ability. State guaranty protections vary. The episode is educational and should not be construed as individualized financial or tax advice. Fixed and Variable annuities are suitable for long-term investing, such as retirement investing.  Gains from tax-deferred investments are taxable as ordinary income upon withdrawal. Guarantees are based on the claims paying ability of the issuing company. Withdrawals made prior to age 59 ½ are subject to a 10% IRS penalty tax and surrender charges may apply.  Variable annuities are subject to market risk and may lose value.​ Fixed Indexed Annuities (FIA) are not suitable for all investors. FIAs permit investors to participate in only a stated percentage of an increase in an index (participation rate) and may impose a maximum annual account value percentage increase. FIAs typically do not allow for participation in dividends accumulated on the securities represented by the index. Annuities are long-term, tax-deferred investment vehicles designed for retirement purposes. Withdrawals prior to 59 ½ may result in an IRS penalty, and surrender charges may apply. Guarantees are based on the claims-paying ability of the issuing insurance company. 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. Source List: Financial Industry Regulatory Authority. “Variable Annuities.” FINRA, https://www.finra.org/investors/investing/investment-products/annuities. Accessed 14 Oct. 2026. Gratton, Peter.  “What Share of Retirees Get Almost All Their Retirement Income From Social Security?” Investopedia. https://www.investopedia.com/what-share-of-retirees-get-almost-all-their-retirement-income-from-social-security-12160142.  Accessed 14 Oct. 2026. Hicks, Darryl.  National Reverse Mortgage Lenders Association.  “Two-Thirds of Seniors Rely on Social Security for More Than Half Their Income.  NRMLA.  https://www.nrmlaonline.org/2024/11/08/two-thirds-of-seniors-rely-on-social-security-for-more-than-half-their-income. Accessed 14 Oct. 2026 MassMututal Ascend.  “History of annuities.”  MassMutual.  https://www.massmutualascend.com/insights/history-of-annuities.  Accessed 14 Oct. 2026. National Association of Insurance Commissioners. “Annuities.” NAIC, https://content.naic.org/insurance-topics/annuities. Accessed 14 Oct. 2026. U.S. Securities and Exchange Commission. “Annuities.” Investor.gov, https://www.investor.gov/introduction-investing/investing-basics/investment-products/annuities. Accessed 14 Oct. 2026. U.S. Securities and Exchange Commission. “Updated Investor Bulletin: Indexed Annuities.” Investor.gov, 31 July 2020, https://www.investor.gov/introduction-investing/general-resources/news-alerts/alerts-bulletins/updated-investor-bulletin-indexed-annuities. U.S. Securities and Exchange Commission. “Variable Annuities.” Investor.gov, https://www.investor.gov/introduction-investing/investing-basics/investment-products/annuities/variable-annuities. Accessed 14 Oct. 2026.

In this episode of Financial Clarity for Doctors, hosts Corey Janoff and Rachelle Vanderzanden try to do the impossible – make bonds exciting! Just kidding. That’s impossible. Instead, they try to at least explain the basics of how bonds work and their place in portfolios built for different situations. Exciting? Maybe not. But still important! Listen to the full episode to learn: What a bond is and how it functions. Hint: The bond issuer is a borrower, and the owner is a lender. How owners of bonds can earn money. How bonds can function inside mutual funds and ETFs. Different types of bonds. How to evaluate the pros and cons of buying bonds in different scenarios. The role of bonds in different investment portfolios. Generally considered more conservative than stock-based investments. Bonds may be boring, but they can also provide diversification and potentially income in a portfolio. Two things that can be very helpful in portfolios. As always, spend time considering your own goals and timeline. Then you can decide which investment is right for you. 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. Source List: Treasury yields: FRED DGS10 · CNBC, 10-yr at 19-year high · CNBC, Sept 28 markets · CNN, Sept 23 · CNBC, buying opportunity Market size: SIFMA 2026 Fact Book key findings · SIFMA corporate · SIFMA muni 2022 returns: CCMG Q4 2022 commentary · A Wealth of Common Sense Duration and ratings: FINRA · Russell Investments Taxes: Vanguard · Investor.gov · TurboTax I Bonds: TreasuryDirect release · Tipswatch Funds vs. bonds: Extension.org · Advisor Perspectives · CNBC, tax-loss harvesting Sequence risk: Western & Southern Alphabet bonds: Reuters. Meta bonds: WSJ Microsoft bonds

As we try to prepare ourselves for retirement, we have to use many assumptions about expenses, inflation, and investment returns.  In this episode of Financial Clarity for Doctors, hosts Rachelle Vanderzanden and Corey Janoff explore one of the least predictable planning variables – end of life care.  For some people, there will be almost no costs for end-of-life care.  Others may require years of care toward the ends of their lives.  How do we prepare for something so unpredictable? Things to consider: For those over age 65, there is a 70% chance of needing some kind of long-term care in your lifetime and a 20% chance that you will need care for five years or longer. The average cost of care for assisted living in 2025 was $74,000, and those costs could be much more or potentially less depending on needs and expectations. Most long-term care costs will not be covered by the federal government, although you can potentially qualify for Medicaid if you have spent basically all resources available to you first. If your income, investment, and real estate investments are significant, you may be able to self-fund this care, but that would substantially decrease the size of your estate. Long-term care insurance can cover some or all of the costs of care, which can protect assets, but you must be able to qualify through a medical review process and premiums can be significant. When we focus on retirement, one of our goals is to build in buffers through conservative assumptions.  If we are not planning to use the equity from our home to fund our retirement, that may be a good resource to cover long-term care costs.  As with all financial planning, leave yourself room for error!  And that should also help with the unexpected and unplanned expenses. 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: Houser, Ari.  “Long-Term Care Affordability is Worsening for Middle-Class Americans.”  AARP.  https://www.aarp.org/pri/topics/ltss/ltss-becoming-even-more-unaffordable/.  March 12, 2026. LongTermCare.gov.  “How Much Care Will You Need?”  https://acl.gov/ltc/basic-needs/how-much-care-will-you-need. February 18, 2020. Medicaid.gov.  “Institutional Long Term Care.”  https://www.medicaid.gov/medicaid/long-term-services-supports/institutional-long-term-care

When it comes to finances, we all frequently focus on what we need to do and how best to improve our financial circumstances (and our families’).  In this episode of Financial Clarity for Doctors, hosts Rachelle Vanderzanden and Corey Janoff discuss financial milestones where you can sit back and bask in the glow of your successes, big and small! Financial successes vary widely depending on your stage of life.  They can include: Setting up your first bank account. Buying your own groceries for the first time. Getting your first “big kid” paycheck. Paying off student loans (or having them forgiven). Reaching a net worth of $1 million! Being able to go part-time at work if you choose. Reaching financial independence… if you’re working, it’s by choice.   In early stages of life, it can feel like financial success is remote and unattainable.  Take the time to celebrate the small stuff when you can and with your kids when they reach those milestones.  They are all steps in the right direction.  And as you get older, don’t forget to reflect on how far you’ve come. 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.

In this episode of Financial Clarity for Doctors, hosts Corey Janoff and Rachelle Vanderzanden discuss the pros and cons of buying versus leasing a car.  You make think the answer is clear, but just like with everything in financial planning, it depends! Considerations discussed in this episode include: Total out of pocket expenses and monthly costs of owning and leasing. Changing technology in different sectors of the car market. Personal considerations including how long you may own a car, how much you may drive, and whether your needs may change over time. Owning a depreciating asset. It may seem that buying is automatically the best option.  You will likely pay less long-term if you purchase a car and keep it for a long time, ending up with an asset (even if it has depreciated in value) and no monthly payment.  But that may not fit your situation!  Listen to the full episode to hear more. 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.  Finity Group and LPL Financial do not provide legal advice or tax services.  Please consult your legal advisor or tax advisor regarding your specific situation. This material is for general information and educational purposes only and is not intended to provide specific advice or recommendations for any individual. Finity Group and LPL Financial do not provide legal advice or tax services. Please consult your legal advisor or tax advisor regarding your specific situation.   Citations: Auto Lease Calculator (citing Edmunds/Experian Q1 2026 data).  Auto Lease Calculator 2026.  https://caraffordcalc.com/tools/auto-lease-calculator/   “The Average Car Payment Just Hit a Record $777 a Month.  That’s Not Even the Whole Bill.”  Flexcar (citing Edmunds Q2 2026 data).  July 20, 2026.  https://www.flexcar.com/blog/the-average-car-payment-just-hit-a-record   Brozic, Jennifer.  “Average Car Payment in 2026.”  Experian. July 14, 2026.  https://www.experian.com/blogs/ask-experian/average-car-payment/   Fitzpatrick, Mark.  “Do I Need Gap Insurance on a Used Car in 2026?”  MoneyGeek.  September 1, 2026.  https://www.moneygeek.com/insurance/auto/do-i-need-gap-insurance-on-a-used-car/   Fitzpatrick, Mark.  “What Is Gap Insurance?”  MoneyGeek.  February 25, 2026.  https://www.moneygeek.com/insurance/auto/what-is-gap-insurance/   Gunara, Maggie.  “Average Car Payment and Auto Loan Statistics: 2026.”  LendingTree.  June 23, 2026.  https://www.lendingtree.com/auto/debt-statistics/   Henry, Jim and Ryan Maxin.  “Average Auto Loan Rates in September 2026.”  U.S. News.  September 8, 2026. https://cars.usnews.com/cars-trucks/advice/average-auto-loan-interest-rates   Howard, Brittany.  “Average auto loan interest rates by credit score in 2026.”  Yahoo Finance (citing Experian Q1 2026 data). July 31, 2026.  https://finance.yahoo.com/news/average-car-loan-interest-rates-212521067.html   Howard, Brittany.  “Auto Loan Rates & Financing in 2026.”  Bankrate.  https://www.bankrate.com/loans/auto-loans/rates/   Lacagnina, Christine.  “What Is Gap Insurance? 2026 Cost & How It Works.”  InsuredBetter.  June 10, 2026. https://www.insuredbetter.com/car-insurance/auto-coverage-types/gap/   Luthi, Beth.  “Average Car Loan Interest Rates by Credit Score.”  Experian.   July 13, 2026.  https://www.experian.com/blogs/ask-experian/average-car-loan-interest-rates-by-credit-score/   Luthi, Beth.  “The Latest Used Car Loan Interest Rates for 2026.”  Experian. July 14, 2026.  https://www.experian.com/blogs/ask-experian/used-car-loan-rates/   Luthi, Beth.  “Auto Loan Rates and Financing for 2026.”  Experian.  July 13, 2026.  https://www.experian.com/blogs/ask-experian/auto-loan-rates-financing/   S&P Global Mobility (press release).  “U.S. Vehicle Age Rises Again to 12.8 Years in 2025.”  S&P Global.  May 21, 2025.  https://press.spglobal.com/2025-05-21-U-S-Vehicle-Age-Rises-Again-to-12-8-Years-in-2025,-According-to-S-P-Global-Mobility   Tretina, Kat.  “Average cost of gap insurance in 2026.”  Insure.com.  June 5, 2026.  https://www.insure.com/car-insurance/gap-insurance-cost/

In this episode, hosts Corey Janoff and Rachelle Vanderzanden walk through the hidden expenses that can derail your financial plan. While meticulous budgeting is not necessary for most high-income individuals, it can be helpful to “expect the unexpected”. Hidden or Unexpected Expenses Can Include: Large inflation-related adjustments to things like property taxes and insurance. Deferred home maintenance that hits all at once. Sometimes it’s challenging to be prepared for large costs that only hit once a decade. Supporting children as they get older. Sometimes this is by choice, but sometimes it feels necessary! Could range from continued education, helping with grandkids, to paying for the entire family to go on vacation. Divorce… Not something you plan for, but certainly has a huge financial impact for all parties. Lifestyle creep in early retirement. Increased healthcare expenses with age. Especially as you plan for retirement, make sure to build some buffer into your expected income needs!  If you think you may need $15,000 per month for regular expenses, be prepared to need more periodically for the big things that only happen occasionally.  Listen to the full episode to hear more. 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.  Finity Group and LPL Financial do not provide legal advice or tax services.  Please consult your legal advisor or tax advisor regarding your specific situation. This material is for general information and educational purposes only and is not intended to provide specific advice or recommendations for any individual. Finity Group and LPL Financial do not provide legal advice or tax services. Please consult your legal advisor or tax advisor regarding your specific situation.   Citations: Employee Benefits Security Administration.  “Top 10 Ways to Prepare for Retirement.” U.S. Department of Labor.  https://www.dol.gov/agencies/ebsa/about-ebsa/our-activities/resource-center/publications/top-10-ways-to-prepare-for-retirement   Hughes, Carol R., Ph.D. LMFT, and Bruce R. Fredenburg, M.S., LMFT.  “Why the Divorce Rate for Older Couples Continues to Rise.”  Psychology Today. January 21, 2026.  https://www.psychologytoday.com/us/blog/home-will-never-be-the-same-again/202108/why-the-divorce-rate-for-older-couples-continues-to   Ochieng, Nancy, Juliette Cubanski, Tricia Neuman, and Anthony Damico.  “Health Costs Consume a Large Portion of Income for Millions of People with Medicare.” KFF.  August 21, 2025. https://www.kff.org/medicare/health-costs-consume-a-large-portion-of-income-for-millions-of-people-with-medicare/   Palasciano, Adam.  “How Much to Budget for Home Maintenance”.  Investopedia.  May 22, 2025.  https://www.investopedia.com/home-maintenance-budget-8608913   Strange, William.  “How much should high earners save for retirement each year?”  Milliman.  November 13, 2025.  https://www.milliman.com/en/insight/how-much-should-high-earners-save-retirement

With the rollout of additional long-term savings vehicles for kids, the hosts of Financial Clarity for Doctors wanted to unpack a few of the different options out there!  In this episode, hosts Corey Janoff and Rachelle Vanderzanden unpack the purpose and pros and cons of different vehicles designed to save funds for kids.  When you are building a savings plan for your kids:  Consider your goals first!  Do you want to help them pay for school?  Make sure they have some extra funds to “get started” as young adults?  Kickstart their retirement savings?  The new 530a (Trump Accounts) allow you to set aside funds for retirement for kids, and they can take some funds out without penalty for other purposes.  529 college savings accounts are designed as tax-advantaged vehicles for educational costs, but you can also potentially convert some unused funds into a Roth IRA for their benefit.  UGMA/UTMA (custodial) accounts allow you to save in a more flexible way, but realized gains are taxed and those dollars belong to the beneficiary when they reach the age of majority.  Listen to the full episode to hear more detailed pros and cons of each account.  As with everything in financial planning, what makes the most sense for you and your family depends on your individual circumstances.  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.    Finity Group and LPL Financial do not provide legal advice or tax services.  Please consult your legal advisor or tax advisor regarding your specific situation.   This material is for general information and educational purposes only and is not intended to provide specific advice or recommendations for any individual. Investing involves risk including the loss of principal. There is no assurance that the views or strategies discussed are suitable for all investors or will yield positive outcomes. This material is for informational purposes only and does not constitute tax, legal, or investment advice. Please consult a qualified tax professional regarding your individual circumstances. Prior to investing in a 529 Plan investors should consider whether the investor's or designated beneficiary's home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state's qualified tuition program. Withdrawals used for qualified expenses are federally tax free. Tax treatment at the state level may vary. Please consult with your tax advisor before investing.​ Trump Accounts offer tax deferred growth on earnings. Family contributions are made with after tax dollars, and eligible employer contributions may be excluded from the employee’s taxable income. A one-time $1,000 federal contribution may be available for eligible children born between 2025 and 2028. Distributions are generally prohibited during the child's growth period and, once permitted, are taxable as ordinary income and may be subject to a 10% IRS early distribution penalty if taken before age 59½. Contribution limits and other restrictions apply, and some rules remain subject to future Treasury and IRS guidance.​ Finity Group and LPL Financial do not provide legal advice or tax services. Please consult your legal advisor or tax advisor regarding your specific situation.    Citations:  Internal Revenue Service.  Topic no. 553, Tax on a child's investment and other unearned income (kiddie tax).  https://www.irs.gov/taxtopics/tc553.  Segal, Troy. Investopedia. UGMA Accounts: Understanding Custodial Gifts for Minors.  https://www.investopedia.com/terms/u/ugma.asp.   Trump Accounts. https://trumpaccounts.gov/.   US Bank. Using 529 plans for K-12 education.  https://www.usbank.com/wealth-management/financial-perspectives/financial-planning/using-529-plans-for-k-12.html.  

It’s summer!  Time for fun in the sun and extra time with friends and family, which can have an impact on the finances!  In this episode of Financial Clarity for Doctors, hosts Corey Janoff and Rachelle Vanderzanden walk through a few things that can be helpful during a mid-year financial planning check. Ideas for Summer Planning: Take a moment to review your spending and reflect on whether it matches up with those goals! Spent a lot of money on eating on travel, but travel is important to you? That might be just fine!  Everyone is different. Review progress toward making maximum retirement contributions (if you are able). Are you on track to make the maximum employee deferral contribution of $24,500 to your employer plan? Review your cash on hand to see if you have anything “extra” that can be put toward long-term goals. Can potentially add funds to 529 college savings accounts, 530A (Trump Accounts), or other investment accounts, depending on your goals. Go through your workplace benefits to ensure you are using them! Unused vacation days that may expire? Flexible Spending Account balances that need to be used? Potentially make some strategic tax planning moves depending on your circumstances. Example: Roth conversions add funds to your taxable income in the year converted, but then funds can grow tax free if used for qualified retirement withdrawals. Do a quick risk review – For example do you have adequate insurance and an estate plan drafted? You can review your finances any time of year, but the summer can be a great mid-year reset.  Sit back and relax on your deck with a cold beverage and lots of numbers!  Sounds like fun to us! 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.  Finity Group and LPL Financial do not provide legal advice or tax services.  Please consult your legal advisor or tax advisor regarding your specific situation. This material is for general information and educational purposes only and is not intended to provide specific advice or recommendations for any individual. Investing involves risk including the loss of principal. There is no assurance that the views or strategies discussed are suitable for all investors or will yield positive outcomes. A Roth IRA conversion—sometimes called a backdoor Roth strategy—is a way to contribute to a Roth IRA when income exceeds standard limits. The converted amount is treated as taxable income and may affect your tax bracket. Federal, state, and local taxes may apply. If you’re required to take a minimum distribution in the year of conversion, it must be completed before converting. To qualify for tax-free withdrawals, you must generally be age 59½ and hold the converted funds in the Roth IRA for at least five years. Each conversion has its own five-year period, and early withdrawals may be subject to a 10% penalty unless an exception applies. Income limits still apply for future direct Roth IRA contributions. This material is for informational purposes only and does not constitute tax, legal, or investment advice. Please consult a qualified tax professional regarding your individual circumstances. Prior to investing in a 529 Plan investors should consider whether the investor's or designated beneficiary's home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state's qualified tuition program. Withdrawals used for qualified expenses are federally tax free. Tax treatment at the state level may vary. Please consult with your tax advisor before investing.​ Trump Accounts offer tax deferred growth on earnings. Family contributions are made with after tax dollars, and eligible employer contributions may be excluded from the employee’s taxable income. A one time $1,000 federal contribution may be available for eligible children born between 2025 and 2028. Distributions are generally prohibited during the child's growth period and, once permitted, are taxable as ordinary income and may be subject to a 10% IRS early distribution penalty if taken before age 59½. Contribution limits and other restrictions apply, and some rules remain subject to future Treasury and IRS guidance. Consult a qualified tax advisor or financial professional before making decisions. Rebalancing a portfolio may cause investors to incur tax liabilities and/or transaction costs and does not assure a profit or protect against a loss.​ Finity Group and LPL Financial do not provide legal advice or tax services. Please consult your legal advisor or tax advisor regarding your specific situation. Citations: Internal Revenue Service.  Frequently asked questions on gift taxes. https://www.irs.gov/businesses/small-businesses-self-employed/frequently-asked-questions-on-gift-taxes. Internal Revenue Service.  Charitable contribution deductions.. https://www.irs.gov/charities-non-profits/charitable-organizations/charitable-contribution-deductions. Trump Accounts. https://trumpaccounts.gov/. Bart, Susan T. and Connie T Eyster.  What is a Trump Account? Rules, Taxes, and How They Work for Families. https://www.actec.org/resource-center/video/trump-accounts-explained/. 2026. The American College of Trust and Estate Counsel.

In this episode of Financial Clarity for Doctors, hosts Corey Janoff and Rachelle Vanderzanden talk through some scenarios where it is helpful to have thick skin! With finances (and especially investing), it won’t always be fun. Investing Challenges and Suggestions: · Investment accounts will very likely go down in value at some point and may stay down for a while. BUT to date, have grown substantially over time. o $1,000 invested in the S&P 500 in 1960 would be worth close to $127,000 today. Without dividends reinvested and without taking into consideration inflation. · This is uncomfortable! But the discomfort is part of it. · Mentally prepare yourself for the rough patches. · Try not to make knee-jerk reactions or make decisions emotionally. · Diversification can potentially lessen some of the bumps in the road. Investing is not for the faint of heart! Celebrate the wins but accept the likelihood that investment returns will not always be rosy. 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. Finity Group and LPL Financial do not provide legal advice or tax services. Please consult your legal advisor or tax advisor regarding your specific situation. This material is for general information and educational purposes only and is not intended to provide specific advice or recommendations for any individual. Investing involves risk including the loss of principal. There is no assurance that the views or strategies discussed are suitable for all investors or will yield positive outcomes. Finity Group and LPL Financial do not provide legal advice or tax services. Please consult your legal advisor or tax advisor regarding your specific situation. There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk. Citations: Lawrence of Arabia. Directed by David Lean, Columbia Pictures, 1962. MacroMicro. MSCI Global Stock Market Index 12-month Returns (USD). https://en.macromicro.me/charts/93437/MSCI-Global-Stock-Market-Index-12month-Returns-USD. Webster, Ian. Official Data Foundation. S&P 500: $100 in 1960 → $82,419.64 in 2026. https://taxfoundation.org/data/all/state/estate-inheritance-taxes/. WSJ Markets. US & Americas Stock Index. https://www.wsj.com/market-data/stocks/us/indexes. Yahoo. S&P 500. Historical Data. https://finance.yahoo.com/quote/%5EGSPC/history/?period1=-599875200&period2=31881600&interval=1wk&filter=history&frequency=1wk&includeAdjustedClose=trueS&P.

Sometimes it’s fun to daydream a bit!  In this episode of Financial Clarity for Doctors, Rachelle Vanderzanden and Corey Janoff unpack the potential uses of those unexpected windfalls.  The lottery is a great example, although a long shot – especially if you don’t play!  Selling a business or receiving a large inheritance is much more likely for some of you.  Below are some practical (and not so practical) ideas. Practical matters first: There will be tax considerations for any windfall and consulting a tax professional and/or financial planning professional will be very helpful. They can help you consider: Lump sum vs annuity payments Timing of business ownership transfer and payments Taxation on various inherited assets and the timing of withdrawals and sales Then, assess where you are with your goals! Can ensure you are on track for retirement, college savings, debt repayment, and so many other things. Last – the fun stuff! With large windfalls, maybe you get to do that pie in the sky dream splurge? Golf simulator? Vacation house? Large chunks of money can potentially have larger tax implications depending on their source. Consulting a tax planning professional can be very helpful in these circumstances. And with these windfalls, consider what’s really important to you, tackle that first, then maybe you’ll have extra for a splurge! 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.  Finity Group and LPL Financial do not provide legal advice or tax services.  Please consult your legal advisor or tax advisor regarding your specific situation. This material is for general information and educational purposes only and is not intended to provide specific advice or recommendations for any individual. Investing involves risk including the loss of principal. There is no assurance that the views or strategies discussed are suitable for all investors or will yield positive outcomes. Finity Group and LPL Financial do not provide legal advice or tax services. Please consult your legal advisor or tax advisor regarding your specific situation. There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk. ETFs trade like stocks, are subject to investment risk, fluctuate in market value, and may trade at prices above or below the ETF's net asset value (NAV). Upon redemption, the value of fund shares may be worth more or less than their original cost. ETFs carry additional risks such as not being diversified, possible trading halts, and index tracking errors. Fixed and Variable annuities are suitable for long-term investing, such as retirement investing. Gains from tax-deferred investments are taxable as ordinary income upon withdrawal. Guarantees are based on the claims paying ability of the issuing company. Withdrawals made prior to age 59 ½ are subject to a 10% IRS penalty tax and surrender charges may apply. Variable annuities are subject to market risk and may lose value. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. A Roth IRA offers tax deferral on any earnings in the account. Qualified withdrawals of earnings from the account are tax-free. Withdrawals of earnings prior to age 59 ½ or prior to the account being opened for 5 years, whichever is later, may result in a 10% IRS penalty tax. Limitations and restrictions may apply Citations: Loughead, Katherin.  Estate and Inheritance Taxes by State, 2025.  Tax Foundation. October 28, 2025. Bonus Depreciation for Short-Term Rentals: The Complete Guide (2026).  https://taxfoundation.org/data/all/state/estate-inheritance-taxes/ Powerball. FAQS.  https://www.powerball.com/faqs