Winter 2023

The Tax Talk

With Michael Clancy, MBA, CFP, CLU, Director of Financial Planning, College of Medicine

And special guest, Melissa Richman, MSEd '14, Executive Director of Online and Graduate Financial Services and Planning, Graduate College, Graduate School of Biomedical Sciences and Professional Studies, College of Medicine, Drexel University Online

Wednesday, January 25, 2023
12 to 1 p.m. ET
Virtual via Zoom

Description: Our most anticipated workshop! Taxes - You can't avoid them so you might as well understand them. This workshop is intended to give you a basic understanding of how federal taxes are calculated as well as how every financial decision you make from choosing employee benefits, home purchases to marriage and investing impacts your taxes. You will also have a better understanding of how taxes interplay with student loan repayments. Includes information about Form 1098-T for graduate students with qualifying assistantships and fellowships.

Watch the Recording [Drexel Streams]

Download 2024 Annual Limits Guide [PDF]

Download Form 1098-T (irs.gov)

Download The Tax Talk Review Guide [PDF]

Presenter Bio: Michael Clancy is a Certified Financial Planner (CFP) and Chartered Life Underwriter (CLU) who is the Director of Financial Planning for the College of Medicine. Michael joined the College in 2012 to work directly with all current students and alumni as well as Residents and Fellows at DUCOM's affiliated hospitals. Michael has hosted over a hundred workshops and held over a thousand one-on-one consultations focusing on student loan repayment strategies and personal financial planning issues. As the nations' first financial planner to be embedded within a medical school, Michael is uniquely positioned to focus solely on the personal financial planning needs of early career physicians. Michael served for three years on the AAMC Committee on Student Financial Assistance representing all the allopathic medical schools in the northeast region of the country. Prior to joining Drexel, Mr. Clancy has worked for well over a decade with more than 500 High Net Worth families as their financial advisor at firms as large as Merrill Lynch and The Vanguard Group to smaller RIA practices. Mr. Clancy has his MBA from Temple University and an undergraduate degree with a double major in economics and finance from Villanova University and spent three years on the board of the Philadelphia Tri-State chapter of the Financial Planning Association most recently as the Pro-Bono Chair. Michael lives in Conshohocken Pennsylvania with his wife of over 20 years and their college-age triplets.

Beginner Investing: Employee Benefits, Retirement Planning, etc.

With Michael Clancy, MBA, CFP, CLU, Director of Financial Planning, College of Medicine

Wednesday, February 22, 2023
12 to 1 p.m. ET
Virtual via Zoom

Description: Stocks, bonds, and funds OH MY! Learn the basics of investing, employee benefits and how to start planning for retirement. This session is geared toward graduating students who are headed for the workforce (now or in the future)!

Watch the Recording [Drexel Streams]

Download 2024 Annual Limits Guide [PDF]

Download the Beginner Investing Review Guide [PDF]

Introduction to Home Buying

With Michael Clancy, MBA, CFP, CLU, Director of Financial Planning, College of Medicine

Wednesday, April 26, 2023
3 to 4 p.m. ET
Virtual via Zoom

Description: Purchasing a home is a big decision. Come learn about the pros and cons of home ownership. We’ll discuss the factors that go into the purchase vs. rent decision. We will also cover the mortgage payment calculation and the mortgage approval process.

Watch the Recording [Drexel Streams]

Download the Home Buying Review Guide [PDF]