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In this episode of the Veterinary Business Podcast, Dr. Amanda Landis-Hanna sits down with Andrea Kenner, a financial advisor specializing in the unique challenges faced by veterinary professionals. Together, they explore actionable strategies for financial success, addressing topics like budgeting, managing student loans, retirement planning, and understanding employee benefits. Whether you’re a veterinary student, a technician, or a practice owner, this episode offers valuable insights tailored to the veterinary industry.
Andrea shares her personal journey into working with veterinary professionals and provides practical advice to help listeners navigate financial planning, reduce stress, and achieve long-term financial independence. Don’t miss this engaging and insightful conversation that aims to empower veterinary professionals in their financial journey.
Key Takeaways:
- Understanding Employee Benefits:
- Learn the difference between 401(k)s, IRAs, and Roth IRAs, and how to maximize these benefits.
- Discover the value of Health Savings Accounts (HSAs) and how they can reduce medical expenses in retirement.
- Building Financial Confidence:
- Start small and focus on realistic goals to reduce financial stress.
- Leverage available resources and avoid waiting for the “perfect” time to start planning.
- Navigating Debt:
- Manage student loans effectively without delaying retirement planning.
- Understand the importance of debt consolidation and seeking help when needed.
- Tailored Financial Planning:
- Recognize the importance of aligning financial decisions with personal values and career goals.
- Embrace the mindset that financial planning is a journey, not a one-time fix.
- Long-Term Financial Success:
- Plan for short-term, mid-term, and long-term goals to balance current needs with future aspirations.
- Find a trusted financial advisor who understands the veterinary industry’s unique challenges.
Listen to this Episode on
Timestamp
- 00:00 – Introduction
- 02:47 – Andrea’s journey into the veterinary financial space and initial advice on financial planning.
- 06:55 – Common financial challenges in the veterinary industry and understanding employee benefits.
- 13:50 – Deep dive into 401(k)s, Roth IRAs, IRAs, and HSAs.
- 23:10 – Financial planning for non-practice owners and addressing financial stressors.
- Short-term vs. long-term financial planning and the role of a financial advisor.
- 30:10 – The importance of mental health in financial decisions and reducing financial anxiety.
- Key takeaways for financial success and how to get started today.
- 41:38 – Closing remarks.
Andrea Kenner
- Financial Advisor, Equitable Advisors
Andrea Kenner is a dedicated financial advisor with a passion for helping individuals and professionals achieve their financial goals and secure their futures. With extensive experience in wealth management strategies, employee benefit solutions, and financial advisory services, Andrea specializes in creating personalized financial strategies tailored to each client’s unique needs.
Andrea’s goal is to empower clients with the information and confidence they need to make sound financial decisions, whether planning for retirement, funding education, or managing investments. Fluent in Spanish (limited working proficiency) and armed with a suite of financial certifications, she brings professionalism and expertise to every client interaction.
Areas of Expertise
- Retirement Planning: Designing strategies for comfortable and independent retirements.
- Wealth Management: Diversifying portfolios to protect and grow savings.
- Insurance Solutions: Life, long-term care, and disability income insurance.
- Student Loan Management: Helping professionals, especially in veterinary medicine, manage debt effectively.
- Financial Education: Guiding clients through budgeting, investment strategies, and 401(k) plans
Connect with Andrea:
