1. LIFE & WEALTH SOLUTIONS FOR YOUNG PHARMACISTS

2. UNIQUE SITUATION
Less Time 4-6 year delay and no spare time to focus on financial matters
More Debt Average pharmacists carries $133,694 in student loans*
More Taxes Higher Income = Higher taxes, fewer investment options available
More Exposure Need for protection is greater, not just malpractice, personal liability (home, auto)
Higher Earning Potential Greater likelihood of achieving your personal goals if you make smart decisions
American Association of Colleges of Pharmacy, “Graduating Student Survey- Summary Report,” July 2013.URL:

3. CC FE EF $0.00 Credit Card Debt 3-6 Month Fixed Expenses
Emergency Fund

5. Income - Your Most Valuable Asset Here’s What You Could Lose
$90,000
$120,000
$150,000 30
$4,943,539
$6,591,385
$8,239,231 35
$3,951,243
$5,268,324
$6,858,405 40
$3,074,199
$4,089,932
$5,123,665 45
$2,299,019
$3,065,359
$3,831,699 50
$1,613,873
$2,151,831
$2,689,789
A G E
Earning potential to age 65 with an annual 2.5% increase in earnings. Hypothetical example for illustrative purposes only.

6. ACCUMULATION STAGE Three Buckets of Money
Post Tax Dollars
Pre Tax Dollars
Post Tax Dollars
Taxable
Tax Deferred
Tax Favored
Taxed Today
Ordinary Income Tax on Dividends/Interest
Capital Gains Tax on Realized Gains
Withdrawals Taxed at Ordinary Income Rate
No Pre 59 1/2 Distributions
Tax-Deferred Growth
Tax-Free Withdrawals
Financial advisors do not provide specific tax/legal advice. This information should not be considered as specific tax/legal advice. You should consult your tax/legal advisor regarding your own specific situation.