Financial Planning Guide for Nurses
Financial Advisor for Nurses in Minnesota
A financial advisor for nurses helps registered nurses, nurse practitioners, and other nursing professionals address the financial planning challenges specific to their careers. These include managing student loan debt and Public Service Loan Forgiveness eligibility, coordinating healthcare system retirement benefits, navigating tax considerations related to shift differentials and overtime pay, and planning the transition from clinical work to financial independence.
No cost. No obligation. Strategy first.
FINRA Series 65 and 66 Registered
Lars Engman, MBA
Alec Engman, B.S. Economics, University of Minnesota
Direct Answer
What a Financial Advisor for Nurses Does
A financial advisor for nurses in Minnesota helps registered nurses, nurse practitioners, and other nursing professionals build a coordinated financial strategy that addresses student loan management and PSLF eligibility, healthcare system retirement benefits, tax planning for variable shift and overtime income, and the transition from clinical work toward financial independence.
At a Glance: Key Financial Planning Facts for Minnesota Nurses (2026)
120
Qualifying Monthly Payments for PSLF (approximately 10 years of full-time service with a qualifying employer)
$24,500
2026 403(b) Employee Contribution Limit ($32,500 with age 50+ catch-up)
5.35% — 10.85%
Minnesota 2026 State Income Tax Brackets (including new fifth tier)
Tax-Free
Federal Tax Treatment of PSLF Forgiven Balances
Sources: U.S. Department of Education (StudentAid.gov), IRS Retirement Topics (as of 2026), Minnesota Department of Revenue (as of 2026).
Get Started
Begin Your Financial Planning Journey
If you are a nurse in Minnesota wondering where you stand financially and what comes next, we invite you to schedule a no-cost, no-pressure consultation. We will listen to your goals, review your current situation, and help you understand how a strategy-first approach could work for you. Explore our broader financial planning services in Minnesota or our wealth management capabilities to learn more.
Not ready to schedule yet? Take our complimentary Financial Health Quiz to see where you stand today. It takes a few minutes, with no cost and no obligation.
No cost. No obligation. Strategy first.
New Horizons Boutique Financial Services | 8647 Eagle Point Blvd. Suite #1, Minnesota | info@newhorizonsbfs.com