MoneyRx for CRNAs and NPs
Go behind the scenes with host Brett Fellows, CFP®, as he explores the unique financial opportunities and challenges facing Certified Registered Nurse Anesthetists and Nurse Practitioners on the path to financial independence. Each episode delivers expert insights and actionable advice to help you lower taxes, invest smarter, and retire on your terms.
Brett's firm, Oak Capital Advisors, specializes in high-earning CRNAs and nurse practitioners and is currently accepting new clients. From retirement income strategy and tax planning to Social Security timing, Medicare, and estate planning, they offer comprehensive financial planning that goes far beyond investment management. If you're ready to work with someone who truly gets your world, the link to schedule a discovery meeting is in the show notes.
MoneyRx for CRNAs and NPs
Can I retire at 60 with $1 million as a CRNA?
Use Left/Right to seek, Home/End to jump to start or end. Hold shift to jump forward or backward.
You survived the grueling school years, mastered one of healthcare's most demanding roles, and saved diligently for decades. Now you're staring at your account statements showing seven figures and asking yourself the million-dollar question: Can I finally retire at 60?
But when many CRNAs with substantial savings seek answers to retirement planning, they often fall into the million-dollar retirement trap. This is where high-earning professionals become paralyzed by the gap between having a lot of money and knowing whether their savings can sustain their lifestyle for potentially 40-plus years of retirement.
In this episode, we walk through Jennifer's transformation. A CRNA who came to me convinced she needed to work until age 65 despite having $1.2 million saved at age 60. What she discovered about her retirement readiness completely shifted her perspective on when she could step away from clinical practice.
Brett explores:
- The three fundamental misconceptions that keep CRNAs trapped in the million-dollar retirement trap.
- Why the 4% rule doesn't work for CRNAs retiring at 60.
- How to map your actual lifestyle instead of chasing arbitrary savings targets.
- The strategic withdrawal approach allowed Jennifer to retire at 61 instead of 65.
- The three key components of CRNA Retirement Reality Planning.
- How to confidently answer whether you can retire at 60 with $1 million.
The answer for many CRNAs is yes, but it requires moving beyond generic advice to a personalized strategy that respects both your financial realities and your professional achievements.
Click here to download the Retirement Readiness Checklist: https://moneyrxforcrnasnewslettersignup.kit.com/4764a9941d
Key timestamps:
(1:00) Welcome and the million-dollar question
(2:10) The million-dollar retirement trap explained
(3:40) Jennifer's story
(4:20) Three fundamental misconceptions
(4:40) Misconception #1: Magic number obsession
(6:00) Misconception #2: Withdrawal rate paralysis
(7:20) Misconception #3: Healthcare cost catastrophizing
(9:45) CRNA Retirement Reality Planning
(10:05) Jennifer's transformation
(13:50) Free retirement readiness checklist
(15:05) Final message and closing
For more information and resources related to this episode, please visit the show notes.