Blog

$80 Billion Going to the IRS: What Does it Mean for CRNAs?

Jeremy L. Stanley, EA, CFP®, AIF®

Thursday, February 16, 2023

This will impact every taxpayer but what does it mean specifically for CRNAs and other nurses? Your work earns a nice paycheck every year so tax changes will have an impact on you. Plus, there’s a lot to pay attention to if you’re a busines

Financial Therapy for CRNAs

Jeremy L. Stanley, EA, CFP®, AIF®

Thursday, January 5, 2023

Oftentimes, your relationship with a financial advisor might feel more like a therapy session during emotional times, and that’s ok. Let’s discuss some scenarios where it’s almost inevitable that a talk with your advisor seems like a couns

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.

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!

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?

Over 50% of CRNAs are planning to retire in the next 10 years. How can YOU prepare today?Getting ready to retire from your career as a CRNA can be both exciting and anxiety-inducing. You’ve worked hard and are ready to enjoy the...

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

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.

5 Things CRNAs Must Know About Decumulation to Retire Successfully

Jeremy L. Stanley, EA, CFP®, AIF®

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...

The Growing Threat of Inflation on CRNAs

Jeremy L. Stanley, EA, CFP®, AIF®

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...

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...

What Retirement Lifestyle Will You Choose?

Jeremy L. Stanley, EA, CFP®, AIF®

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...

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...

Life in a 50-50 World - What Financial Impact Will It Have on CRNAs?

Jeremy L. Stanley, EA, CFP®, AIF®

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...

Goodbye 2020 – How to Financially Prepare for 2021 and Beyond

Jeremy L. Stanley, EA, CFP®, AIF®

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...

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...

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...

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...

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,...

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...

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...

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...

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...

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...

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...

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...

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,...

Does It Make Sense To Become A CRNA in 2018?

Jeremy L. Stanley, CFP®, AIF®

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...

How Do You Stay A CRNA Millionaire?

Jeremy L. Stanley, CFP®, AIF®

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...

Americans Are Saving an Average of 7.6% for Retirement. How Do CRNAs Compare?

Jeremy L. Stanley, CFP®, AIF®

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...

How CRNAs Can Turn Their IRA Into a Family Fortune

Jeremy L. Stanley, CFP®, AIF®

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...

How Can CRNAs Get Their Questions Answered About Medicare From Someone They Can Trust?

Jeremy L. Stanley, CFP®, AIF®

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...

4 Best Practices for Using Housing Wealth in Retirement

Jeremy L. Stanley, CFP®, AIF®

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...

6 Common Missteps on the Road to Retirement (Video)

Jeremy L. Stanley, CFP®, AIF®

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...

The Difference Between a Financial Advisor and an Insurance Agent

Jeremy L. Stanley, CFP®, AIF®

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...

CRNA Financial Planning is a AANA Member Advantage Partner!

Jeremy L. Stanley, CFP®, AIF®

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...

50% of CRNAs Are Going to Retire Over The Next 10 Years! The Hierarchy of Retirement Needs

Jeremy L. Stanley, CFP®, AIF®

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...

5 Smart Tax Strategies for CRNA Business Owners

Jeremy L. Stanley, CFP®, AIF®

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...

How do CRNA’s qualify for the new business income deduction?

Jeremy L. Stanley, CFP®, AIF®

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...

How a CRNA S Corporation Can Reduce Your FICA Self-Employment Taxes

Jeremy L. Stanley, CFP®, AIF®

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...

For Retirement, Income Matters as Much as Savings

Jeremy L. Stanley, CFP®, AIF®

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...

Could a 10% Savings Rate Be Enough for a Comfortable Retirement?

Jeremy L. Stanley, CFP®, AIF®

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...