Tim Baker, CFP® tackles 10 questions for those considering early retirement from sources of income, handling market volatility, health insurance options and more.

Summary

This week, Tim Baker, CFP®, RLP®, RICP® and Tim Ulbrich, PharmD are tackling 10 questions for those considering early retirement. They discuss sources of income in retirement, handling market volatility when no longer working, health insurance coverage options, timing to draw on Social Security, and much more.

About Today's Guest

Tim Baker is the Co-Founder and Director of Financial Planning at Your Financial Pharmacist. Founded in 2015, YFP is a fee-only financial planning firm and connects with the YFP community of 12,000+ pharmacy professionals via the Your Financial Pharmacist Podcast podcast, blog, website resources and speaking engagements.

Tim attended the United States Military Academy majoring in International Relations and branching Armor. After his military career, he worked as a logistician with a major retailer and a construction company. After much deliberation, Tim decided to make a pivot in his career and joined a small independent financial planning firm in 2012. In 2016, he launched his own financial planning firm Script Financial and in 2019 merged with Your Financial Pharmacist. Tim now lives in Columbus, Ohio with his wife (Shay), three kids (Olivia, Liam and Zoe), and dog (Benji).

Mentioned on the Show

• Register for YFP webinar on October 7th at 9pm EST: Aliquot Investing: Small Investments in Big Real Estate Investing
• YFP Free Guide: Retirement Roadblocks: Identifying and Managing 10 Common Risks
• YFP Episode 291:Redefining Retirement with Professor Emeritus David Zgarrick, PhD
• YFP Episode 296: 5 Key Decisions for Long Term Care Insurance
• YFP Episode 321: Navigating Financial Conversations with Aging Parents
• Social Security
• YFP Book a Discovery Call
• YFP Disclaimer
• Subscribe to the YFP Newsletter
• Tim Ulbrich on LinkedIn
• Tim Baker on LinkedIn
• YFP on Instagram
• YFP Facebook Group

On this week’s episode of the Rx Money Roundup, YFP Co-Founders, Tim Ulbrich and Tim Baker, take a question from Jacob in Cincinnati, OH: "How should I prioritize investing if my employer doesn't have a 401(k) match?"

Mentioned on the Show:

• Submit a Question to Be Featured on Rx Money Roundup
• Subscribe to the YFP Newsletter
• YFP Disclaimer

Kamren Gallon, PharmD shares how he is able to successfully flip and sell houses, the importance of mentors, and how he balances his real estate investments with his pharmacy career.

Summary

Kamren Gallon, PharmD returns to the show and shares his journey from flipping six to eight houses a year to 20-25 houses a year, emphasizing the importance of having a mentor. He also discusses the benefits of owner financing and how he balances his real estate investments with a full-time pharmacy career.

About Today's Guest

Kamren Gallon is a 3rd generation entrepreneur. He was introduced to real estate at a very early age. His father was a landlord in North Philadelphia and one day his life was tragically taken by a tenant. After this life changing event, Kamren was very eager to go into the medical field. After graduating pharmacy school from Hampton University in 2013, he spent the first few years of his career working overnight. It wasn't until 2017 after being robbed in the pharmacy that he realized one source of income was not enough. Shortly after that incident, Kamren put his childhood fears behind him and started to invest in real estate.

Kamren has successfully flipped and sold over 100 homes along with owning a 7 figure rental portfolio while working full time as a pharmacist and being a single father. He is currently on a mission to inspire and teach other busy professionals how to achieve the same level of success so they can also reach financial freedom through real estate investing.

Mentioned on the Show

• YFP Real Estate Investing Webinar: Syndication 101 on October 7 at 9pm/E
• Aliquot Group
• Doctor Flipper
• Kamren Gallon on Instagram
• The 10x Rule by Grant Cardone
• Subscribe to the YFP Newsletter
• YFP Disclaimer
• YFP Real Estate Investing Facebook Group
• Nate Hedrick on Instagram
• David Bright on Instagram
• YFP Real Estate Investing Website
• David Bright on LinkedIn
• Nate Hedrick on LinkedIn