Financial Planning for Practice Owners
In the blink of an eye, you’re the veteran physician. It’s likely that your personal life is also experiencing continued change. Maybe you’re realizing some level of financial success, but you’re unsure how to measure it. By now, you’ve also realized that time is your most valuable asset. This new season of life definitely brings it’s own set of financial challenges. That’s where we can help.
We’ll provide solutions to all the questions and concerns that accomplished physicians like you are dealing with. Questions like:
- Should I buy into a medical group? Should I start my own practice?
- Should I rent or lease space for my practice?
- Do I have enough disability insurance? What about life insurance?
- How can I protect my assets and my family from a lawsuit?
- How do I minimize my tax burden as a business owner?
- How do I invest the assets I have across various accounts – 401(k), 403(b), taxable money, deferred compensation, etc.?
- Do I have enough money to retire early?Am I on track to reach my short and long term financial goals?
- What are my financial blind spots that I should be made aware of?
- How do I use my finances to help avoid physician burnout?
- Should I consider alternative sources of income to supplement my physician compensation?
- How should I prepare for scaling back to part-time work?
- Should I sell my practice to the hospital?
- I have a ton of insurance. When can I start reducing coverage?
- How can I plan for potential long-term care costs in retirement?
If this is the type of help and guidance you’re looking for, then check out the advisors most qualified to serve you.