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Retirement Fund Planning

Retirement planning for physicians and medical professionals involves some unique considerations. Some look to us for assistance with succession planning for their practice. Other physicians and medical professionals want help balancing their income needs, tax liability, and concerns about the future. Many begin to think about their legacy and their impact on family and the community around them.

Physicians and medical professionals have a distinct disadvantage in meeting mid-life financial demands because of delayed entry into the workforce. Physicians are challenged to pay down hefty student loan debt while making up for the earning-time gap. They need expert financial advice to cover mid-life household expenses and avoid a major shortfall at retirement.

Physicians and medical professionals nearing retirement prefer to have a firm grasp of the financial and tax implications of winding down their careers, as well as estate planning and securing adequate resources to enjoy a comfortable retirement. Making realistic assumptions about the future is a key attribute of a quality long-term retirement plan.

During the Retirement Fund Planning, we can address concerns such as:

  • Succession planning and practice buyouts
  • Retirement income planning
  • Advanced estate planning
  • Balance your production and overhead as you transition out of practice
  • Integrate your financial strategies, personal values, and concept of legacy
  • Uncover potential mistakes in your estate documents, asset ownership, and beneficiary designation