Planning for a Pool: What to Consider (with Ronnie Colvin, MS, CFP®)

Join us as we focus on the question a lot of doctors face at some point in their lives: "Can I afford to install a pool in my backyard?"

We explore real-life cases from the past summer, discussing different factors that influence this decision beyond just the initial cost. Some highlights from the episode:

• The hidden costs of pool ownership, including maintenance and safety considerations

• The importance of understanding asset location and allocation when it comes to funding major purchases

• The pros and cons of using home equity versus selling taxable assets to finance a pool

• Strategies for cash flow and redirecting funds to meet financial goals