The Incomplete CRNA Financial Plan


Check out the timestamps below to help you navigate through the many topics we discussed.

On This Episode:

Most of the financial conversations we’ve had on the podcast recently have been geared toward retirees, but today we want to focus on the financial planning process. So whether you’re a new graduate or a CRNA with over 20 years of experience, we want to share some planning things that everyone needs to make sure aren’t left incomplete.

In the world of financial planning, it can often feel like you’re navigating stormy seas with no compass in sight. But with the right guidance, CRNAs can steer their financial ship with confidence. Let’s dive into some of these areas where people often overlook or don’t give it the full attention it deserves.

Do you have too much cash on hand?

Whether it’s due to the anxiety of investing during a pandemic or the fear of having too much cash in the bank, incomplete financial planning can have detrimental effects on your financial health. One critical aspect we discussed is the role of FDIC insurance. It provides coverage for up to $250,000 per account title, offering peace of mind in times of financial crises. However, it is crucial to understand the implications of having too much cash in the bank and invest strategically to make the most out of the current financial climate.

Decoding Disability and Life Insurance

The significance of disability and life insurance cannot be overstated. These financial tools are often overlooked or misunderstood by many. We can help you break down the complexities surrounding these insurance types, exploring topics like tax implications, alternatives to workplace policies, and the often-ignored aspect of pregnancy coverage. Understanding the different types of life insurance policies and their benefits can be the game-changer in your financial plan.

Managing Debt and Understanding Opportunity Costs

Debt is a common stressor for many individuals, especially for recent CRNA graduates burdened with student loans. You need to understand the importance of managing debt and analyzing opportunity costs. So many people, CRNAs included, spend more as they make more but managing your cash flow can pay huge dividends later in life.

Planning for Taxes and Healthcare Costs

Two final areas that most people don’t pay enough attention to because it doesn’t impact them right now are taxes and healthcare costs. With the potential for tax increases on the horizon, it’s essential to plan strategically to reduce your tax liabilities. And most CRNAs understand how quickly medical costs are rising so failing to have a plan to keep up with those increases could put a big strain on your money in retirement.

Mastering your finances doesn’t have to be a daunting task. With the right knowledge and insights, you can navigate through the complexities of insurance, manage your debt effectively, and plan strategically for your future.

Here are some of the things you’ll learn on this show:

  • Why you might have too much cash in the bank.  [4:01]
  • Why you should keep 3-6 months of expenses in an emergency fund.  [7:48]
  • The reasons you need disability insurance and life insurance. [10:56]
  • Budgeting and tracking your cash flow. [19:33]
  • The technique we use to help people pay off debt. [22:55]
  • Why you need to be planning for higher taxes in the future. [30:40]
  • How to prepare for medical costs that are increasing faster than inflation. [32:46]

Contact CRNA Financial Planning here: 


We’re excited to share that Beyond The Mask has been recognized in the 18th Annual People’s Choice Podcast Awards. We’re nominated in two prestigious categories: the coveted ‘People’s Choice Award’ and ‘Best Healthcare Podcast.’

We’re asking you to vote for us in the People’s Choice Podcast Awards. Your vote not only helps us win but also spreads the word about our mission to demystify our corner of the healthcare industry, one story at a time.

Cast your vote here:


I implore people to keep three to six months expenses liquid…. so many people live paycheck to paycheck, including CRNAs. You know, they make really good money, but a lot of them spend a lot of money.

Jeremy Stanley, CFP®





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J. Cross CRNA
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This podcast is very well put together. I love the hosts Sharon & Jeremy, they do a fantastic job at presenting topics as well as getting great speakers on the show! This is my morning commute podcast everyday! Thank you for all that you do!
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I enjoy listening every morning. Great content and always a pleasure to learn something new.
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I started listening to this podcast religiously early on in my CRNA journey, a year before applying to CRNA school. The content in this podcast was one of my most helpful resources for getting into my first choice school, Wake Forest! It has also been a huge motivator for getting involved with the AANA now and throughout my career. I highly recommend this podcast to every prospective CRNA I meet.
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I appreciate hearing the latest and greatest in the world of Nurse Anesthesiology while also getting Class B credits. Just listen on your commute for a win/win experience. I love the perspectives from Jeremy and Sharon who both ask varied and insightful questions!
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If you’re a CRNA or any medical professional, I highly recommend giving this podcast a listen. Hosts have a great rapport.