When to Hire a Financial Advisor as a 1099 CRNA

May 12

Being a 1099 CRNA offers flexibility, freedom, and income potential that few careers can match. But with that independence comes one major responsibility: you’re in charge of your finances. And if you're like most independent CRNAs, you didn’t go to school to become a tax strategist, retirement planner, or business analyst.

So when should you hire a financial advisor?

At CBFC, we specialize in guiding 1099 CRNAs through the unique financial challenges that come with self-employment. And the truth is, there’s no one-size-fits-all answer—but there are clear signs that it’s time to get help.

1. You’ve Reached (or Are Approaching) $150K+ in Annual Income

Once you cross into six-figure income territory, you have real opportunities to optimize—and real risks if you don’t.

This is the point where:

Tax strategies (like S Corp election) start saving you thousands
Retirement planning gets more complex (and more powerful)
Cash flow becomes harder to manage manually

A financial advisor helps you structure your income, reduce your tax burden, and start building wealth with intention.

2. You Feel Like You’re Guessing When It Comes to Taxes

Quarterly taxes. Write-offs. S Corp payroll. Estimated payments.

If you’re spending hours Googling what’s deductible—or worse, just paying whatever the IRS says—you’re probably leaving money on the table.

A CRNA-focused financial advisor will:

Estimate and automate your quarterly tax payments
Maximize your deductions
Help you structure your business to legally reduce taxes
Ensure you avoid surprise tax bills or penalties

3. You’re Earning More, but Not Building Wealth

You might be pulling in great numbers on paper—but where’s the money going?

If your income has gone up, but your savings and investments haven’t followed, it’s time for a professional to step in. A financial advisor can help you:

Track income and expenses across contracts
Set realistic savings and retirement goals
Allocate surplus income toward long-term financial freedom

4. You Want to Take Time Off—But You’re Afraid to

Whether it’s a vacation, a sabbatical, maternity leave, or just downtime between contracts, many CRNAs fear the financial hit of time off.

A financial advisor can help you build a time-off savings fund, plan for income gaps, and protect your cash flow while you're away from the OR.

5. You’re Tired of Doing It All Yourself

Maybe you’ve been managing okay so far—but it’s draining your time, energy, and confidence. Or maybe you’re just ready to shift into a new phase of life and want professional guidance to match.

Hiring a financial advisor means:

You get a sounding board for big decisions
You offload the burden of managing every detail
You gain a long-term partner who understands your industry

And if your advisor is CRNA-specific (like CBFC)? You skip the learning curve and get advice that’s tailored to your exact world.

The Bottom Line

You don’t need to be “rich” to benefit from a financial advisor. You just need to be at a point where your money matters—and your time is too valuable to waste on trial and error.

At CBFC, we work exclusively with 1099 CRNAs to create clear, strategic, and sustainable financial plans. Whether you're just getting started or years into your CRNA journey, we can help you build stability, confidence, and wealth—without guesswork.

Ready for expert guidance?

Schedule a consultation with CBFC and let’s build a financial plan that’s as strong as your career.

Caleb Roche

Located in Edmond, Oklahoma, Caleb is a Marketing Consultant that helps businesses build better marketing strategies. Combining strategy with implementation, he focuses on building long-term customers through data-driven decision-making. With experience working with both small and large companies, he has the experience to help businesses create strategic marketing plans that focus specifically on each business’s strengths, not just a one size fits all/template-based strategy.

https://www.crocheconsulting.com