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The Markets

We want to provide you with the most accurate data available. In order to do this, we've created a space that will connect you to The Markets - a weekly blog update that puts you at the forefront of the financial industry. These posts are a sample of the content we use to help you make wise financial decisions; consider it 'insider knowledge.' 

If you have questions about our blog posts or seek more information about our services, feel free to contact us by submitting a question on the right! We'll be in touch. 

-The CRNA FP® Team

Thursday, June 16, 2022

Jeremy Stanley, CFP® will share nine tax strategies that most CRNAs with S corporations can utilize each year to maximize their earnings and minimize what they owe.

Thursday, March 24, 2022

When planning for retirement, many CRNAs end up guessing at some of the most important questions. You’d never enter an operating room unprepared so why risk everyone you’ve worked so hard for throughout your career by not having a plan?

Monday, January 3, 2022

Thursday, December 30, 2021

As we prepare to turn the page to the new year, it’s time to start thinking about our goals and laying out the resolutions we want to achieve in 2022. Sharon and Jeremy will take you through 22 life and money resolutions that will help you

Friday, September 17, 2021

Becoming a CRNA independent contractor can be complicated, but very lucrative. Every day, our experts help freelance CRNAs from all across the country make sure they are taking advantage of all the opportunities that 1099 can bring.

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Thursday, August 12, 2021

As a CRNA you’ve gone through a multitude of different financial phases throughout your lifetime; saving for your education, paying back your student loans, then enjoying your income while saving, planning and investing for...

Saturday, July 10, 2021

How to Protect Your Retirement Plans As a dedicated and motivated CRNA, you have spent your entire career being an advocate for your patients in the operating room. You’ve put in countless hours, either as a W-2 employee or as a...

Wednesday, May 26, 2021

Freedom! It is one of the main reasons CRNAs cite for becoming independent contractors. They want the freedom to achieve a better work/life balance, opportunity for growth and travel, plus scheduling flexibility. In the healthcare...

Thursday, April 22, 2021

With all that’s going on today, many CRNAs are reconsidering what’s truly important in life. Over the past year, the pandemic has impacted so many aspects of our everyday lives, and as a result, we are seeing more and more...

Monday, March 1, 2021

Tax season is officially under way, which often provokes groans and phone calls to your tax professional. As a CRNA, you hopefully have a tax minimization strategy in place to help you legally reduce your overall tax liability. However...

Thursday, January 28, 2021

Another Inauguration Day has passed, and while it was historic, as always, it also felt different this time. Certainly, the country remains split on where we’re headed. One party is optimistic for the future, while the other is...

Thursday, December 31, 2020

When we celebrated New Year’s Eve a year ago, who could have guessed that 2020 would have gone the way it has? It’s worth taking a look back at the year to review the financial challenges that CRNAs have faced, and...

Thursday, October 8, 2020

For many years, the CRNA profession has been a relatively stable and financially secure career path, but the COVID-19 pandemic has wreaked havoc in countless ways all across the globe this year. As a result, many CRNAs have experienced...

Wednesday, June 24, 2020

If you’re like a lot of CRNAs, dealing with money isn’t always your top priority. That’s especially true during a year like we’ve experienced in 2020. It’s easy to put financial planning aside and worry...

Tuesday, June 2, 2020

5 Things You Need to Do NOW to Protect Your Financial Plan from COVID-19 According to a recent report by the AANA, over 50% of practicing CRNAs planned to retire by 2022, but the financial impacts of COVID-19 may be threatening those...

Tuesday, May 26, 2020

The coronavirus pandemic has forced a lot of people to take a closer look at their finances, and we often reach out to a lot of different sources to get advice on ways to proceed. Even if you’re working with a financial advisor,...

Friday, May 1, 2020

So far, 2020 has proven to be a year of change. Over the past few weeks, we’ve spoken with thousands of CRNAs across the country who have been impacted by COVID-19 in a variety of ways. While employment statuses may have changed...

Tuesday, September 10, 2019

Right out the gate, you can see how confusing Medicare can be! Many people feel that you must sign up for Medicare when you turn 65 (even though you are still working or your spouse is, etc.). One of the many myths that we work to...

Thursday, February 7, 2019

As a CRNA, you make critical decisions all the time, oftentimes without even thinking about it. Your years in school prepared you to make sound medical decisions at a moment’s notice. But beyond the operating room, some important...

Thursday, January 17, 2019

Watch our inaugural episode of "The Saavy CRNA" as host, William McNeer, CFP®, AIF® discusses the fundamentals of payroll tax, compensation, and tax liability for freelance CRNAs.

Thursday, October 18, 2018

While I am sure it will come as no surprise, the CRNA profession is one of the most stressful career paths you can choose. According to the Occupational Information Network, a US Department of Labor job database, on a scale from 1...

Wednesday, October 10, 2018

Unmarrieds need to approach retirement planning pragmatically. In an ideal world, it would be simple to prepare for a solo retirement. You would just save half as much as a couple saves, buy half as much insurance coverage, and expect...

Friday, September 28, 2018

We already know that divorce can be messy and painful, but did you know that it’s about to get a lot more expensive as well? The passing of President Trump’s tax reform bill affects almost everyone in some way. On the...

Monday, September 10, 2018

Ever hear the old wives tale that 50% of marriages end in divorce? While it’s hard to pinpoint an exact divorce rate, some researchers report current rates could be as high as 50% while others believe the rate has been steadily...

Friday, August 17, 2018

Before you enroll, take note of what the insurance does not cover and the changes ahead. Misconceptions about Medicare coverage abound. Our national health insurance program provides seniors with some great benefits. Even so,...

Wednesday, August 1, 2018

When it comes time to choose a career path or shift occupations, one of the top considerations is financial. Will this career provide the income I desire? Is it worth the investment of time and money to get the education I need? The...

Thursday, June 28, 2018

As a CRNA, you’ve worked hard in your education and career to get where you are. Regardless of whether you are currently employed or have already retired, it’s important to preserve the assets for which you have so...

Monday, June 18, 2018

If you Google how much you should be saving for retirement, you’ll likely find a wide range of numbers, anywhere from 5% to 20% of your gross income. But how much do Americans actually save? According to a recent PenFed Credit...

Wednesday, May 2, 2018

We’ve previously discussed the benefits of an IRA, but many CRNAs are unaware of the potential power of an inherited IRA, be it one you inherit from your parents or one you pass on to your children. Here, we’re discussing a...

Saturday, April 28, 2018

We all know that healthcare planning is a huge part of retirement planning. But, WHEN do we really start that conversation? And how do we approach such an enormous topic? Baby steps. When you (or your spouse) are approximately 64...

Thursday, April 26, 2018

Home equity represents nearly two-thirds of the average 65-year-old couple’s total wealth, making it one of the most important retirement assets, along with Social Security. (1) Despite its importance, housing wealth is an often...

Wednesday, April 18, 2018

Let's take a look at 6 common missteps many professionals make along the road to retirement. Have you considered the year you retire versus the longevity of your social security benefits? Or adding potential medical costs during your...

Thursday, March 29, 2018

In the last few years, lines have blurred between financial advisors and insurance agents. Many professionals consider themselves both, when they’re not. The problem is that the word “advisor” has become a broad term...

Sunday, March 25, 2018

Did you know that CRNA Financial Planning is one of the only financial planning firms exclusively serving CRNAs? It’s true. For the past two decades, we’ve made it our mission to help CRNAs with what we call the three...

Friday, March 23, 2018

Even though money is fungible, we often categorize our money into different buckets, be it by types of spending or time frame. We also tend to mentally prioritize our income and assets, focusing first on covering our current income...

Tuesday, March 13, 2018

As a CRNA and business owner, it’s easy to get caught up in the busyness of the day and neglect some of the housekeeping elements of running a business. Rather than wait until the end of the year to prepare for the upcoming tax...

Tuesday, March 6, 2018

Our friends at CRNA Tax Associates®’ felt that this would be timely information for the CRNA community. To learn more, visit their site here: https://crnataxassociates.com/ The new 2018 Section 199A tax deduction that you can...

Thursday, February 15, 2018

As a freelancer, you’re both a CRNA and a business owner, which means you have a lot more responsibilities. A few wrong mistakes could mean losing money or facing tax penalties. You don’t want to wind up paying more than...

Thursday, February 8, 2018

A recent poll of pre-retirees suggests that truth risks being ignored. Steady income or a lump sum? Last year, financial services firm TIAA asked working Americans: if you could choose between a lump sum of $500,000 or a monthly...

Tuesday, January 30, 2018

If you read five articles on retirement planning, chances are you’ll read five different recommendations. Financial planning and saving for retirement can be very subjective, making it difficult to know exactly how much you need...

Friday, January 12, 2018

On Wednesday, December 20, 2017, the House passed a tax bill, which was signed into law by President Trump. Since his campaign trail, President Trump has promised tax reform and this bill entails a number of changes to the U.S. tax...

Friday, January 5, 2018

If you were going into a surgery for a procedure, you wouldn’t trust just anyone. You would likely search for a well-regarded doctor, and possibly get a second or third opinion to see who you were most compatible with and who you...

Wednesday, December 27, 2017

When I meet with Certified Registered Nurse Anesthetists (CRNAs), many assume that earning a high income is the key to retiring early. While it’s true that the high income CRNAs enjoy is helpful, the real secret comes down to two...

Monday, December 4, 2017

The notion that we separate from work in our sixties may have to go. An executive transitions into a consulting role at age 62 and stops working altogether at 65; then, he becomes a buyer for a church network at 69. A corporate IT...

Wednesday, November 29, 2017

Just a few decades ago, it was standard for men to be the sole income provider for their family while women ran the household and took care of the children. However, the number of women joining and returning to the workforce after...

Friday, November 10, 2017

With over 200,000 financial advisors across the country, how do you find one who understands and appreciates what you do as a CRNA? The financial advisor with whom you choose to work will have a significant impact on your investment...

Friday, October 27, 2017

What beneficiaries need to know and consider. At first glance, the rules surrounding inherited IRAs are complex. Here are some questions (and potential answers) to consider if you have inherited one or may in the future. Who was the...

Saturday, October 21, 2017

After spending decades working in a demanding career, many CRNAs dream of retiring early. And for some who have saved enough to do so, it’s important to have a retirement strategy in place that focuses on minimizing taxes and...

Monday, October 16, 2017

Saving $1 million for retirement sounds like a lot, but how long will that amount really last? Thanks to inflation, increased housing costs, and costly medical needs, $1 million may not last as long as you think. Along with considering...

Tuesday, September 19, 2017

Some of the most successful businesses and professionals rely on delegation, and for good reason. As our lives become busier, delegation lets us focus more time on our passions, families, and careers while allowing others to help with...

Thursday, September 14, 2017

Even those who have saved millions must prepare for a lifestyle adjustment. A successful retirement is not merely measured in financial terms. Even those who retire with small fortunes can face boredom or depression and the fear of...

Tuesday, September 12, 2017

Why an early start (and accepting some risk) matters. Are you on track to save $1 million or more for retirement? If you are 50 or younger, you may need that much in savings to generate the kind of retirement income you prefer....

Tuesday, August 22, 2017

According to a 2009 study, around 14% of CRNAs worked as freelancers or independent contractors. However, there’s no doubt that number has increased in the last few years as freelancing across numerous industries is on the rise....

Thursday, July 6, 2017

As a CRNA, you’ve worked hard in your career to, hopefully, experience a comfortable retirement. Regardless of your definition of wealth, you want to protect your hard-earned money and enjoy the fruits of your labor. But even if...

Wednesday, June 21, 2017

These spending and investing precepts may encourage its longevity. All retirees want their money to last a lifetime. There is no guarantee it will, but, in pursuit of that goal, households may want to adopt a couple of spending and...

Friday, June 16, 2017

Even for high-income earners like CRNAs, many people don’t work with a financial advisor because they assume it will cost a lot of money for advice they can find on the Internet. Why pay for something you may be able to do on...

Tuesday, May 30, 2017

Today’s impulsive moves could breed tomorrow’s regrets. When emotions and money intersect, the effects can be financially injurious. Emotions can cause us to overreact – or not act at all when we should. Think of the...

Tuesday, May 30, 2017

Do you really want to risk facing these potential outcomes? Saving for retirement may seem a thankless task. But you may be thanking yourself later. Putting away a percentage of one’s income, money that could be used for any...

Friday, May 12, 2017

Determining how much money you’ll need to save now and then withdraw each year in retirement can be one of the most overwhelming elements of retirement planning. There are countless theories and strategies to most appropriately...

Friday, April 28, 2017

Keep an eye on where it goes, as some destinations may be better than others. You can probably envision how most of your retirement money will be spent. Much of it will be used on living expenses, health care expenses, and, perhaps,...

Thursday, April 27, 2017

What’s your definition of following a budget? For some, it’s simply paying the bills, while for others it’s not surpassing a certain dollar amount each month in spending. In fact, only one in three people prepare a...

Tuesday, April 18, 2017

As a CRNA, you’ve worked hard throughout your schooling and career. When time flies, you may not even realize that retirement is right around the corner. While some CRNAs may choose to work longer or freelance in their 60s,...

Sunday, March 12, 2017

Without a doubt, new CRNAs entering practice struggle with mortgage financing. CRNAs get declined for a mortgage at a much higher rate than other clients. Most underwriting guidelines – even medical professional loan programs...

Tuesday, February 28, 2017

The five phases of life after 50 & the considerations that accompany them. The journey to and through retirement occurs gradually, like successive chapters in a book. Each chapter has its own things to consider. Chapter 1 (the fifties)...

Tuesday, February 28, 2017

Over time, these seemingly small factors could make a major difference. Saving for retirement takes decades and demands the investment of significant amounts of your income. As this major effort unfolds, you should recognize that some...

Tuesday, February 21, 2017

Will you have enough money to make ends meet? You may have heard that people spend less once they are retired. Statistically, that is true. The question is whether a retiree has enough income to meet his or her expenses. Ideally,...

Tuesday, February 14, 2017

Did you know that CRNAs make on average twice as much in Montana as they do in Arizona? The US Census Bureau recently released their data for CRNA wages throughout the country. As it turns out, wages vary quite a bit from state to...

Tuesday, February 7, 2017

As we get older, life seems to pass by faster than ever, especially for CRNAs with busy work schedules. You may be amazed to realize that retirement is just a decade away. If you’re approaching the ten year countdown, consider...

Wednesday, January 18, 2017

How can you plan to do it? What kind of financial commitment will it take? How many of us will retire with $1 million or more in savings? More of us ought to – in fact, more of us may need to, given inflation and the rising cost...

Friday, January 13, 2017

CRNAs tend to receive some of the best education and training in the world. However, many may be at a disadvantage when it comes to personal financial management because their schooling doesn’t equip them with the tools required...

Wednesday, December 7, 2016

Sometimes the best holiday gifts can’t be wrapped or purchased in stores. Some, like a personalized financial plan, keep giving back to you and your family for many years to come. A financial plan is designed to help you stay on...

Wednesday, December 7, 2016

Benjamin Franklin famously noted, “In this world nothing can be said to be certain, except death and taxes.” Taxes are an inevitability of life, but with complicated and confusing laws and codes, many CRNAs don’t have...

Monday, November 28, 2016

Some myths & misperceptions keep circulating about Social Security. These are worth dispelling, as more and more baby boomers are becoming eligible for their retirement benefits...

Tuesday, November 15, 2016

If you haven’t visited our site before or are reading our blog for the first time, you might be wondering if our services are right for you. We want to provide you some more information on who we are, what we offer, and who we...

Tuesday, November 15, 2016

What You Can & Cannot Control as You Plan for Retirement Some things you have no influence over. You may have some power to affect other factors. Are you worried about retiring? Many baby boomers are, and they have reason to be, given...

Tuesday, November 8, 2016

Without such strategies, they can risk going through their savings too fast. Every day, articles appear urging people to save for retirement. These articles are so prevalent that it may seem like retirement planning is entirely about...

Friday, October 21, 2016

As mentioned in our last blog post, I am so happy to have released my second book, A CRNA’s Life After Anesthesia. I hope it helps demystify many of the questions and hurdles you, as a CRNA, may face as you approach retirement....

Monday, October 10, 2016

Many may keep working out of interest rather than need. Baby boomers realize that their retirements may not unfold like those of their parents. New survey data from The Pew Charitable Trusts highlights how perceptions of retirement...

Tuesday, October 4, 2016

Along with the financial planning aspects of my job, I’ve always been passionate about education. Just as an in-depth education is critical for CRNAs in their practice of anesthesia, education is equally important as they plan...

Tuesday, September 27, 2016

New statistics point out an alarming financial problem. $6,876. That is the average amount of credit card debt owed by an American household headed up by an individual aged 65-69.1 If you are newly retired or close to retiring, that...

Tuesday, September 20, 2016

Agreeing about what you want from retirement is crucial. What does a good retirement look like to you? Does it resemble the retirement that your spouse or partner has in mind? It is at least roughly similar? The Social Security...

Saturday, September 10, 2016

What should you focus on as the transition approaches? You can prepare for your retirement transition years before it occurs. In doing so, you can do your best to avoid the kind of financial surprises that tend to upset an unsuspecting...

Thursday, September 1, 2016

Will volatility seize Wall Street? Or will calm prevail? Wall Street has had a rather calm summer. How about fall? Will volatility increase before and after Election Day? So far, the market is performing roughly in line with historical...

Saturday, August 27, 2016

Many affluent investors, such as CRNAs, have not thoroughly contemplated how their Social Security benefits will affect their overall financial plan. In fact, countless high-income earners don’t think they will benefit from it....

Tuesday, August 23, 2016

They may affect our attempts to build wealth. Picture an 18-wheeler, its 4,000-cubic-foot cargo trailer filled to capacity with stacks of $100 bills. The driver shuts and locks the trailer, closing the door on roughly $10 billion. Now...

Tuesday, August 16, 2016

You probably see headlines about retirement planning on every website and newspaper you read. Many of them all share one common tip: start as early as possible. Your accumulation years are the most important, as they set the tone and...

Friday, August 5, 2016

Sometimes planning for retirement isn’t entirely about money. How many words have been written about retirement? It’s a preoccupation for many, and we devote so much time, thought, and energy toward saving for the last day...

Thursday, July 21, 2016

You know you should start saving for retirement before you turn 40. What can you start doing today to make that effort more productive, to improve your chances of ending up with more retirement money, rather than less?

Wednesday, July 20, 2016

Retirement is a scary yet exciting leap for CRNAs. While there are countless pieces to the retirement planning puzzle, right now I want to focus on three of the biggest questions you’ll need to answer before retiring. All three...

Friday, July 1, 2016

A “not-to-do” list for the new year & years to follow. A new study has raised eyebrows about the retirement prospects of women. It comes from the National Institute on Retirement Security, a non-profit, non-partisan...

Friday, June 17, 2016

Some costs could rise, fall or even disappear. Your retirement may seem near at hand or far away, but one thing is certain: your future will differ from your present. Financially, that fact is worth remembering. Some of the costs you...

Thursday, June 2, 2016

All retirees want their money to last a lifetime. There is no guarantee it will, but, in pursuit of that goal, households may want to adopt a couple of spending and investing precepts. One precept: observing the 4% rule. This classic...

Tuesday, May 17, 2016

A “not-to-do” list for the new year & years to follow. How are your money habits? Are you getting ahead financially, or does it feel like you are running in place? It may come down to behavior. Some financial behaviors...

Monday, April 25, 2016

According to the Bureau of Labor Statistics, the average annual salary for a CRNA is $160,250.1 Brian Del Grosso, a nurse anesthetist at Carolinas Medical Center in Charlotte, North Carolina, shared with Business Insider a few of the...

Thursday, April 14, 2016

CRNA business owners and freelancers tend to have very high incomes, but are busy and often unprepared when it comes to financial planning. Whether you plan to continue running your business well beyond traditional retirement age, or...

Friday, April 1, 2016

Since 2013, anesthesia practices are selling to corporate buyers or merging with other groups at unprecedented rates. In 2014 alone, there were 27 acquisitions completed by 14 separate buyers, including multi-billion dollar publicly...

Tuesday, March 29, 2016

Whether retirement is far away, rapidly approaching, or already upon you, it is important to understand how an income stream from different sources may be created to cover your expenses. As you plan for your retirement, you’ll want to...

Thursday, March 17, 2016

Happy April Fool's Day from all of us at CRNA Financial Planning! We love a good CRNA joke all year long, but particularly today. Please enjoy some of our favorites below!

Tuesday, March 8, 2016

As you read on our blog last October, the last-minute budget and debt ceiling deal that the House and Senate passed will make changes to Social Security benefits. In an effort to decrease spending, some popular claiming strategies are...

Wednesday, February 17, 2016

Over the past few months, CRNAs across the country have been watching the industry change before their eyes. From the Michigan 68 to Mission Health System in North Carolina, job security has now become a significant concern. At CRNA...

Monday, February 1, 2016

From college undergraduates to medical professionals considering a career change, a common question I’ve heard is, “is it a financially worthwhile to become a CRNA today?” When we initially think of doctors, nurse...

Friday, January 15, 2016

Last week was an awful trading week on Wall Street, with the S&P 500 posting its worst year-opening week in history by losing 6%. Global stock markets lost $2.3 trillion, alarming investors who worry about the market forecast for the...

Friday, January 15, 2016

What are the differences between a CRNA who works as a W-2 employee and one who is a 1099 contractor or freelancer? You probably are familiar with both types of CRNAs; those who go to work at the same place every day as employees, and...

Wednesday, January 13, 2016

This year marked a tipping point of wealth in the United States. According to a 2015 survey, this is the first point in history that there are more affluent Gen Xers (born in the 1960s to 1980) than affluent Baby Boomers. The survey...