Financial planning and investment management for your unique situation
Financial planning and investment management for physicians and healthcare providers is a specialized area of practice. It requires an in-depth understanding and knowledge of the unique financial challenges facing the healthcare industry.
We work with physicians, dentists, nurses, executives, and other healthcare providers by helping them simplify the financial complexities of their lives, whatever their goals and career stage.
Physicians face unique financial challenges when it comes to their financial planning. Because of the earnings time-gap from a delayed entry into the workforce, and the challenge of paying back hefty student loan debt, you need professional financial advice that covers mid-life household and family expenses while helping to ensure you avoid a shortfall at retirement.
You may also need business planning for your own practice. Or you may need a combination of both personal and business planning. As your personal CFO, we partner with you to create a personalized plan that adapts with you as your life and career advances, or as your practice grows.
A comprehensive financial plan that addresses your specific situation may include:
As we apply our proprietary 3P Approach© to financial planning, we address all stages of a physician’s and healthcare provider’s career, from its beginning, through mid-career challenges, and through retirement and even exiting a practice. As your life unfolds, our 7 Pillars of Financial Success address each stage to help you secure the resources you need to leave a legacy and enjoy a comfortable retirement. With our experience in this niche market, we help physicians and healthcare providers put your financial life together, so you can spend your time focusing on what matters.
When it comes to our money, humans are not exactly rational investors. In fact, there are six biases that can be harmful to investors and these detrimental biases can derail our ability to make the best possible decisions about building wealth. Often, clients do not realize their decisions are being negatively affected by these cognitive biases. Because of this, they warrant a deeper look.
For parents, deciding how much to save for retirement versus what to set aside for a child’s education can be a difficult balancing act. Saving for your future should be a priority, particularly through maximizing the benefits of retirement plans. But, although paying yourself first is essential, that doesn’t mean you can’t set funds aside to further a child’s education. A college savings plan is a tax-advantaged way to achieve this goal. The following information is intended to help you understand how these savings vehicles can help you meet the present and future needs of your family.
As the weather warms up, many people are thinking about summer plans—and possibly dreaming of buying a vacation home. Although the idea of having a permanent “home away from home” may sound appealing, purchasing a vacation property isn’t something to be entered into lightly. If you’re considering this major commitment, here are some important questions to ask yourself.