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
Should I invest in a rental property in retirement?
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If you are a CRNA or nurse practitioner thinking about rental property as part of your retirement plan, watch this episode before you write the check. When you run the numbers for a high-earning nurse buying the kind of property they want at today's rates, the result often surprises people.
In this episode, Brett Fellows, CFP®, walks through the story of Yvonne, a 55-year-old CRNA in the Charleston area earning $220,000 a year who wants to buy a second rental property before retiring at 62. Brett explores the problems that arise when they explore her options.
- Why most rental property owners never calculate the one number that tells them if the investment worked
- The Cash Flow Illusion: why a property that "covers the mortgage" can still run hundreds per month in the red
- The passive loss rule that suspends depreciation deductions for most CRNAs and NPs earning over $150,000
- What the real exit looks like after commissions, depreciation recapture, capital gains, and state taxes
- Why Yvonne's 403(b) outperformed her rental property over the same six-year period
- The Capital Priority Ladder: the order in which high-earning nurses should deploy capital before buying direct property
- How Yvonne sheltered $71,000 from taxes in year one without buying a second rental
Most CRNAs who own rental property have never run the number that tells them whether it worked: the all-in, after-tax, after-expense, after-time annualized return.
#CRNAs #NursePractitioners #RealEstate #RetirementPlanning #TaxPlanning
For more information and resources related to this episode, please visit the show notes.