Physicians Physicians Are Unique As the top 3% of income earners in the U.S., physicians have unique needs that require an expert financial planner serving physician families. You wouldn't go to your family physician for heart surgery. Trust an expert. Debt The average medical school debt is over $240,0001. (Includes medical school loans, as well as debt from undergraduate studies and other higher education.) Delayed IncomeCareer earnings typically begin in a physician's mid-thirties, causing a delay in saving years when compound interest could have been working on invested principal.Higher Earnings A first year attending physician is easily in the top 10% of U.S. households in terms of income. This is not including additional income from a spouse. Tax ConsiderationsMore complicated as income grows. Requires proactive planning to coordinate debt payoff with tax minimization and tax deferred savings. InsurancePhysicians need more than most. Upwards of 60% of all doctors 55+ have been sued for malpractice2. Long-term Disability. Life. Umbrella. Long-term care. Insurance is for protection, not investment. Asset ProtectionAssets should be properly titled and/or held in trusts to offer maximum protection from lawsuits.Private PracticePhysician + Business Owner. Accounting, leadership, technology, savings plans. A host of unique challenges.Evolving IndustryHealthcare is in flux as government plays an increasingly larger role. 1Educationdata.org 2American Medical Association SERVICESin addition to Investments, Financial, Tax & Estate Planning Residents Student loans Savings plan Insurance Budgeting Attending Debt paydownPurchasing a homeAsset protectionOwning a practice Pre-Retirement Lifetime income Aging parentsLong-term careRetirement planning Retirement Spending strategyLegacy planningCharitable giving'Multigen' involvement Questions? Let's schedule a call. Name Email Address Phone Message Thank you! Oops!