Category Archives: Estate Planning

David Burd and Jim Hemphill – triage-md.com

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Listen as Jim Hemphill and David Burd let you in on what they’ve discovered about working with physicians:

  • Why deferred gratification plays such an important role in how physicians spend and why having both spouses or partners buy into the financial plan is crucial
  • How the habit of competition can influence money decisions and how changing the game you decide to play can really impact your bottom line and outcome
  • What is the inflection point and why choosing your lifestyle at that point is so important
  • What are the 7 strategies and how can you use them to retire wealthy

Josh Mettle: Hello and welcome to the Physician Financial Success Podcast. My name is Josh Mettle, and this is the podcast dedicated to advising physicians how to avoid financial landmines. Today, we’ll be talking with Jim Hemphill and David Burd, authors of Changing Outcomes: A Financial Recovery Strategy for Peak Career Physicians, as well as Pay Yourself First: A Financial Guide for Doctors Entering Practice. Jim and David also are the principals and founders of TGS Financial Advisors, an independent advisory firm focused on helping
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Travis L. Bowen, Esq., bowenlaw.com

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Travis Bowen is president and founder of Bowen Law and received his law degree, cum laude, from Brigham Young University. In 1985, Travis founded Bowen Law, and over the last three decades, he’s focused on designing and implementing advanced tax and estate planning strategies for high net worth individuals. Travis talks about the importance of having a system to coordinate all the moving parts involved in a physician’s tax, legal,insurance and asset protection life. Travis stressed the importance of:

  • Having the end in mind whatever the venture is and then build the plan to reach that goal
  • Making sure you have a plan in place to maintain your risk management
  • Building a wall between investments and personal assets so they are not at risk in the event of a liability

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Eric Halvorsen – UMAFS

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Our guest today is Eric Halvorsen, Certified Financial Planner and MBA from the Utah Medical Association Financial Services or as they’re more commonly known UMAFS. Eric and the UMAFS team offer physician specific financial planning and investment advice. We dive deep with Eric and talk about:

  • Why he likens one’s financial life as a marathon, and why he sees dedication and consistency as crucial to your financial goals and success
  • What the DALBAR Study is and why the findings about emotions and logic are relevant to you in your investment strategy
  • What an investment policy statement is and how that can keep you on track and working towards your investment and financial goals
  • Why UMAFS likes Dimensional Funds and how they can be a great tool to help you in your investment goals as well
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Ben Utley – Physician Family Financial Advisors

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Ben Utley is from Physician Family Financial Advisors. Ben specializes in helping doctors and their families stop worrying about money and start taking action towards a lifetime of financial security. Ben is a certified financial planner with 20 plus years of experience, featured in the New York Times, the Wall Street Journal, Medical Economics, Physician Practice, and many more. Ben taught us about:

  • The three Ts – time, training, and temperament and how those can hinder or enhance physician’s management of their personal finances
  • Why investing is one of the last things to do when starting your financial plan, not the starting point.
  • How to get your kids on a solid financial path when they are young
  • His crucial advice for physicians transitioning into higher incomes and what mindset to adopt to ensure your financial success
  • Why having a vacation budget is so important for physicians and their families
  • His two checking account system for protecting your identity and keeping your money safer

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Paul Larson – Larson Financial Group

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Paul Larson is CEO of Larson Financial Group, one of the nation’s largest doctor exclusive financial advisory firms and serves over 4,500 physicians and dentists nationwide. Paul shares how he began working exclusively with physicians. He shared:

  • Why his company has a foundation that goes to impoverished areas and employs people and how that has benefited their physician clients
  • How his group is able to employ a holistic approach and help with many aspects of a busy doctor’s financial decisions – car buying or leasing, contract negotiation, home buying, and taxes to name a few
  • What DFA funds are and how they can minimize risk, lower fees and get a good return
  • Why the habit of saving money early on is important
  • How his company’s book Doctor’s Eyes Only can guide you through the process of financial planning

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