Health Savings Accounts (HSAs) are a modest but mighty tool for healthcare and retirement planning with a rare triple-tax advantage. Tim Ulbrich and Tim Baker share 2025 limits, key benefits, and common mistakes pharmacists make.

This episode is brought to you by First Horizon.

Mentioned on the Show

• First Horizon’s Pharmacist Home Loan
• YFP Blog: Why I’m Not Using My Health Savings Account to Pay for Medical Expenses
• YFP 165: The power of a Health Savings Account
• Reference: Investment News Barron’s
• YFP 124: The Behavioral Investor with Dr. Daniel Crosby
• Your Financial Pharmacist
• Your Financial Pharmacist on YouTube

Episode Summary

Health Savings Accounts (HSAs) are a modest but mighty tool for both healthcare and retirement planning, offering a rare triple-tax advantage: tax-deductible contributions, tax-free growth, and tax-free qualified withdrawals. But despite these benefits, many pharmacists aren’t maximizing their HSA—or worse, are making costly mistakes.

In this episode of the Your Financial Pharmacist Podcast, Tim Ulbrich and Tim Baker break down:

✅ What HSAs are, how they work, and 2025 contribution limits
✅ Why HSAs can serve as a “stealth” retirement account
✅ Common mistakes like non-qualified expenses and poor record-keeping
✅ How to choose the right HSA provider and designate beneficiaries
✅ Tips for investing your HSA funds for long-term growth

Whether you’re just starting out with your HSA or looking to fully optimize this powerful account, this episode is packed with insights to help you avoid pitfalls and maximize your benefits.

Tim Ulbrich and Tim Baker tackle one of the most common questions we hear from pharmacists: “Do I need this whole life insurance policy?” They dive into who needs coverage, common misconceptions, and why the “buy term and invest the difference” strategy may be the smarter approach.

Episode Summary

YFP Co-Founder & CEO, Tim Ulbrich, PharmD, and YFP Co-Founder & COO, Tim Baker, CFP®, RLP®, RICP®, tackle one of the most common questions we hear from pharmacists: “Do I need this whole life insurance policy?”

We’ve seen an increasing number of pharmacists with expensive whole life insurance policies that are often complex, costly, and not always the best fit. In this video, Tim and Tim break down:

✅ Who actually needs life insurance (and who doesn’t)

✅ The role life insurance should play in your financial plan

✅ The key differences between term life and whole life coverage

✅ Why “buy term and invest the difference” can often be the smarter strategy

✅ The conflicts of interest that sometimes drive whole life sales

By the end, you’ll better understand the benefits, costs, and misconceptions around whole life insurance so you can make an informed decision about what’s right for your financial future.

Mentioned on the Show

• Join APhA - Get 25% Off with Code YFP
• Life Insurance for Pharmacists: The Ultimate Guide
• Your Financial Pharmacist
• Your Financial Pharmacist on YouTube

Asking for and getting a raise can make a significant difference in your financial plan for years to come. In this episode, Tim Ulbrich walks through a five-step playbook with practical tips and strategies to help you confidently ask for and get the raise you deserve.

Episode Summary

Asking for and getting a raise can make a massive difference in your financial plan, not just today, but for years and even decades to come.

For many pharmacists, the thought of walking into their boss’s office and asking for more money can feel as unpleasant as getting a cavity filled. It’s uncomfortable, awkward, and full of “what ifs”: What if they say no? What if I ruin the relationship? What if they think I’m being greedy?

The truth is, most people never get a big raise for one simple reason: they never ask. And that “ask” isn’t just about adding dollars to your paycheck. It’s about building confidence and advocating for the value you bring to your role.

In this episode, YFP Co-Founder & CEO, Tim Ulbrich, PharmD, breaks down a five-step playbook with practical examples, real-world negotiation tips, and a few favorite strategies from Chris Voss’s Never Split the Difference. Whether you’re aiming for your first raise or looking to boost your income long term, this episode gives you the tools to confidently ask for and actually get the raise you deserve.

Mentioned on the Show

• YFP YouTube Channel
• YFP 384: Beyond Salary: Negotiating Your Value in the Workplace
• Never Split the Difference by Chris Voss
• Your Financial Pharmacist

In this special episode, Tim Ulbrich introduces the winners of the YFP Gives scholarship. Deja Preusser, Zipporah Williams, Michaela Martin-Worley, Julia Miller, and Mildred Asamoah share their inspiring stories, showcasing the drive, resilience, and vision of the next generation of pharmacy leaders.

Episode Summary

YFP Co-Founder & CEO, Tim Ulbrich, PharmD introduces the five recipients of the 2025 YFP Gives Scholarship. These inspiring stories reflect the passion, perseverance, and leadership of the next generation of pharmacy professionals.

The 2025 YFP Gives scholarship winners are Deja Preusser, Zipporah Williams, Michaela Martin-Worley, Julia Miller, and Mildred Asamoah.

Now in its second year, the YFP Gives Scholarship provides each winner with a $1,000 scholarship, 1-year access to YFP+, a copy of Seven Figure Pharmacist, and a 1:1 Ask Me Anything session with Tim Ulbrich or Tim Baker.

Mentioned on the Show

• YFP YouTube Channel
• YFP Gives
• Your Financial Pharmacist

Buying a home can feel overwhelming, especially for pharmacists facing student loans, rising rents, and high interest rates. Tony Umholtz, mortgage loan officer at First Horizon, shares a realistic path to homeownership, even in today’s challenging real estate environment.

This episode is brought to you by First Horizon.

Episode Summary

Buying a home as a first-time buyer in today’s market can feel overwhelming, especially for pharmacists juggling student loans, high rents, and rising interest rates.

In this episode of the Your Financial Pharmacist Podcast, Tim Ulbrich is joined by Tony Umholtz, mortgage loan officer with First Horizon Bank, to share a realistic path to homeownership, even in today’s challenging real estate environment.

You’ll learn:

✅ How today’s lending environment impacts first-time buyers
✅ The role student loan repayment changes play in qualifying for a mortgage
✅ Strategies to make homeownership more attainable for pharmacists
✅ Why the door to buying a home may be more open than you think

Whether you’re planning to buy in the next few months or just starting to explore your options, this conversation will help you feel informed, empowered, and ready to take your next step toward owning a home.

About Today's Guest

Tony Umholtz is the Senior VP of Mortgage Banking at First Horizon. He graduated Cum Laude from the University of South Florida with a B.S. in Finance from the Muma College of Business. He then went on to complete his MBA. While at USF, Tony was part of the inaugural football team in 1997. He earned both Academic and AP All-American Honors during his collegiate career. After college, Tony had the opportunity to sign contracts with several NFL teams including the Tennessee Titans, New York Giants, and the New England Patriots.

Being active in the community is also important to Tony. He has served or serves as a board member for several charitable and non-profit organizations including board member for the Salvation Army, FCA Tampa Bay, and the USF National Alumni Association. Having orchestrated over $1.1 billion in lending volume during his career, Tony has consistently been ranked as one of the top mortgage loan officers in the industry by the Scotsman’s Guide, Mortgage Executive magazine, and Mortgage Originator magazine.

Mentioned on the Show

• YFP YouTube Channel
• YFP 416: Student Loan Changes: Key Takeaways from the Big Beautiful Bill
• Learn More About First Horizon’s Pharmacist Home Loan
• Your Financial Pharmacist

Cory & Cassie Jenks return 5 years after first sharing their Coast FI journey. Tim Ulbrich talks with them about career shifts, family life, and how they’re balancing financial freedom with living fully while raising three kids under six.

Episode Summary

In early 2020, pharmacists Cory and Cassie Jenks shared their inspiring journey toward Coast FI on Episode 134 of the YFP Podcast, explaining how they front-loaded their retirement savings to create more flexibility, time freedom, and intentional living.

Now, over five years later, they’re back for a “Where Are They Now?” update. A lot has changed - career transitions, family growth, and a deeper evolution of what financial independence looks like as life continues to shift.

In this conversation with YFP Co-Founder & CEO Tim Ulbrich, Cory and Cassie reflect on:

✅ Career and lifestyle shifts since hitting Coast FI
✅ What it means to intentionally “downshift” in pursuit of purpose
✅ Balancing saving for tomorrow with living fully today
✅ Navigating family life with three kids under six
✅ How their financial planning strategy has adapted over time

Whether you’re on your own FIRE journey, reevaluating your relationship with work, or just curious how other pharmacist families are redefining success, this episode is packed with honest reflection and practical inspiration.

Mentioned on the Show

• YFP YouTube Channel
• YFP Episode 134 featuring Cassie & Cory Jenks
• Die with Zero by Bill Perkins
• Happy Money by Ken Honda
• Your Financial Pharmacist

Tim Ulbrich, PharmD, breaks down student loan updates from the Big Beautiful Bill, including key changes, how we got here, and what it means for your repayment strategy.

Episode Summary

In this episode, YFP Co-Founder & CEO, Tim Ulbrich, PharmD breaks down recent student loan updates stemming from the newly passed Big Beautiful Bill. With so many repayment options, formulas, and acronyms flying around, it’s more confusing than ever for borrowers to make confident decisions.

Tim walks through:

✅ Key changes included in the Big Beautiful Bill
✅ How we got here and why this matters
✅ What these updates could mean for your personal repayment strategy

Since this topic can become complex quickly, Tim shares slides in the YouTube video. If you want to follow along visually, be sure to check out the full episode on YouTube.

Mentioned on the Show

• Studentaid.gov
• Watch This Episode on YouTube
• Your Financial Pharmacist

Jackie Boyle returns nearly two years after paying off $200K+ in student loans to share how that milestone shaped her growth. Jackie also discusses mindset shifts, burnout in pharmacy, and her mission to help ambitious women reconnect with their purpose and potential.

Episode Summary

In this episode, Jackie Boyle, PharmD, returns to the YFP Podcast to share what’s happened in the nearly two years since she and her husband paid off over $200,000 in student loans.

Jackie and Tim Ulbrich dive into the pressure many pharmacists feel to follow a traditional career path, the mindset shifts required to break free from self-limiting beliefs, and the realities of burnout in the profession. Jackie also opens up about her journey into coaching and the mission behind Jackie Boyle Coaching, where she helps ambitious women reconnect with their purpose and potential.

Whether you're feeling stuck, burned out, or questioning what’s next in your career, this episode offers honest insights, encouragement, and hope for what’s possible.

Mentioned on the Show

• YFP YouTube Channel
• YFP 331: How One Couple Paid Off $208k of Student Loans
• Standard University “Imposter Syndrome”
• Turning Pro by Steven Pressfield
• The Big Leap by Gay Hendricks
• 10x is Easier Than 2x by Dan Sullivan
• Jackie Boyle Coaching
• Jackie Boyle LinkedIn Profile