Unlocking the Secrets of Successful Financial and Retirement Planning with Cynthia Price, RICP

Send us a Text Message.Ever dreamed of being financially stable after retirement? How about securing your future without the worry of taxes eating into your hard-earned money? Today, we unlock the secrets of successful retirement planning with the help of Cynthia Price, a  financial planner hailing from Amarillo, Texas. What You'll Learn:Why it is important to have a plan for retirement.Why it is important to diversify.The importance of knowing with whom you are doing businessPitfalls. The importance of creating the habit of paying yourself first!Together, we emphasize the significance of nurturing a savings habit from your very first paycheck, illustrating the potent impact of compound interest. We talk about the need to start planning early but also affirm that it's never too late for those in their 40s or 50s. We delve into the art of creating budgets that prioritize self-investment too. Unraveling the complex world of taxes and retirement planning, Cynthia and I shed light on the distinctions between pre-tax and post-tax dollars. We scrutinize how federal and state taxes can influence your retirement funds. Intriguingly, we highlight the recent changes in 401k options for self-employed folks and why investing in a portfolio surpasses maintaining a traditional bank account. Cynthia shares her unique perspective on profiting from stock market sales, where you get to pick "good eggs on sale". In the closing segment, we switch gears and focus on financial planning specifically tailored for medical professionals. Cynthia and I underscore the need for diverse investments, the perks of self-employment plans, and Roth options. We also advocate for broadening investment horizons beyond the healthcare industry and researching companies for their future claim paying abilities. Wrapping up this enlightening episode, we delve into strategies to fight burnout, sticking to a savings plan, and modifying it when necessary. So, don’t forget to share this financial gem with a friend and explore the resources in the show notes!Connect with Cynthia:linkedin.com/in/cynthia-price-nylnewyorklife.com/agent/ccpricePhone8062061992 (Mobile)Though I am a physician, this is not medical advice. This is only a tool that physicians can use to get ideas on how to deal with burnout and/or know they are not alone. If you are in need of medical assistance talk to your physician.Learn more about female physicians' journey through burnout to thriving!https://www.theworthyphysician.com/booksLet's connect for speaking opportunities!https://www.theworthyphysician.com/dr-shahhaque-md-as-a-speakerCheck out the free resources from The Worthy Physician:https://www.theworthyphysician.com/freebie-downloadsBattle of the Boxes21 Day Self Focus Journal