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Are you a travel nurse? Or thinking about becoming one? A financial advisor who understands the unique needs of travel nurses can help you make smarter money moves throughout your career.
You’ll likely find dozens of financial advisors in your hometown well-suited to help you reach your money goals with a personalized plan. But it may be more difficult to find a financial advisor with specialist knowledge and insights to optimize your finances, compensation plan, and make the most of tax deductions and strategies available to you as a travel nurse.
Fortunately, many financial advisors offer virtual services so you can meet online no matter where your job takes you, whether you’re working in a hospital in Hawaii or an outpatient facility in Fort Lauderdale. This means you can choose to hire a financial advisor who lives hundreds of miles away from your latest location if you decide their knowledge about financial planning for nurses who choose travel nursing as a career could help you achieve better investing outcomes.
👩⚕️ Smart Money Insights for Travel Nurses
This page is organized into sections to help you quickly find the information you need and get answers to your questions:
- Q&A with Financial Advisors for Travel Nurses
- Get Answers to Your Questions about Financial Planning for Travel Nurses
- Browse Related Articles
– Financial Advisors for Travel Nurses –
Three Questions with Eric Simonson, CFP®, CRPC®, CLTC®
We asked Minneapolis-based financial advisor Eric Simonson to answer three questions for travel nurses (and people considering a travel nursing career) who want to save and invest for their future.
Q: How does financial planning differ for travel nurses vs. people who work/live in their hometown?
Eric: It can be easier to ‘overspend’ as a travel nurse since you don’t have a consistent routine and it’s harder to make dinner on a set schedule, etc. Also, income is usually more variable for travel nurses and because of both of these factors, it makes budgeting a much bigger priority. For most travel nurses it is challenging, but very important, to “save first” and then spend second rather than the other way around.
Q: If I own my house in my hometown, what options should I consider before becoming a travel nurse?
Eric: Is your home a good candidate for a rental property? Can this provide you with potential supplemental income? Do you want to be responsible for maintaining the rental or hiring someone to do it for you? If you do not want to rent it out, is your home ready to be sold? Will you have to put work into it to sell it? Will you want to keep the property for a little while, in case you decide you do not like being a travel nurse? To have it as a ‘fall back’ option?
Get to Know Eric:
View Eric’s profile page on Wealthtender or visit his website to learn more.
Are you a financial advisor who specializes in working with nurses?
✅ Get added as a specialist in our next monthly update (Subject to availability and qualification criteria.)
✅ Sign up today and join financial advisors attracting their ideal clients on Wealthtender
✅ Or request more information by email:
Q: What questions should people consider asking a financial advisor before becoming a travel nurse?
Eric: What credit card should I be using to provide the best travel protection? How can I find flight deals or use credit card points to help me travel between destinations? What travel insurance should I consider? How will my taxes work? Do I need to file in each location I live in?
🙋♀️ Have Questions About Financial Planning for Travel Nurses?
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About the Author
Brian Thorp
Founder and CEO, Wealthtender
Brian and his wife live in Texas, enjoying the diversity of Houston and the vibrancy of Austin.
With over 25 years in the financial services industry, Brian is applying his experience and passion at Wealthtender to help more people enjoy life with less money stress.
To make Wealthtender free for readers, we earn money from advertisers, including financial professionals and firms that pay to be featured. This creates a conflict of interest when we favor their promotion over others. Read our editorial policy and terms of service to learn more. Wealthtender is not a client of these financial services providers.
➡️ Find a Local Advisor | 🎯 Find a Specialist Advisor