Wealth Management for Medical Professionals | Newport Beach, CA

Wealth Management for Medical Professionals

Medical professionals are feeling financial pressure from all angles, from education loans to performance-based pay. We do not want you to feel like you have to work until you’re seventy to retire comfortably. So, how can you pay off your student loans and other debt, put your children through college, and retire comfortably at an age that works for you? Considering certain aspects of your career can deeply affect your finances and financial plan. For example, whether you choose to be an employed physician or a self-employed physician affects your taxes, how much you can save for retirement, when you can retire, and so much more. No matter what career path you choose in the medical profession, each role comes with its unique challenges.

While it is seemingly beneficial for busy, corporate medical professionals to allow their employer to take care of health plans, disability insurance, and retirement, there are many benefits to seeking a financial advisor to partner with and take control of your finances. You spend your days serving others. We are here to serve you. Wherever you’re at with your retirement journey, we can step in and help you reach your goals. We specialize in wealth management for medical professionals. Come and see what we can do for you.

Take Control of Your Finances

Many medical professionals do not fully understand the tax implications of working for themselves, being an owner in a partnership, or working for a corporation. Whatever your situation, working with our team at Win Wealth Solutions will help you understand how you can take control of your finances and get on track for a healthy retirement on your time. Any time is a good time to get started. We will get to know who you are, your goals, and how we can help you achieve them, always leaving room to dream bigger.

Unique Challenges

Being in the medical profession presents unique financial challenges. From paying back costly student loan debt to devising a sound retirement planning portfolio, financial planning for medical professionals is not the same as it is for other professionals. We have years of experience helping medical professionals with their wealth management and asset protection. Let us help you navigate your options. We offer wealth management services specifically tailored to medical professionals so that you can focus on what matters, your patients.

Risk Inherent to the Medical Profession

As a medical professional, you may be regularly exposed to lawsuits, so protecting your assets is just as important as continuing to grow them. Whether you work for a larger corporation, a smaller private practice, or own your own practice, risk is inherent to your career. When running your own medical practice, you will need to consider employees, payroll, business taxes, company retirement plans, deferred compensation, health insurance, and the day-to-day operations of your practice. This can feel overwhelming, but when you have a financial advisor at your side to navigate these many complexities, you can breathe a sigh of relief knowing that you’ve got the pros helping you make informed decisions about your personal and business finances.
Financial Planning for Physicians

Like any other medical professional, physicians face their own set of unique challenges and complications. We specialize in financial planning for physicians. You must have time to focus on your career, so removing distractions by working with a financial advisor with specialized experience helping medical professionals can remove much concern.

Overcoming Debt and Building Long-Term Financial Security

Most medical professionals face towering student loan debt. At the same time, they are just starting in their profession and are beginning to save for long-term goals, including retirement. In fact, many medical professionals have student debt of over $200,000. Medical professionals are further hindered in their financial plans by a lack of time to focus on wealth management goals, learning how to meet them, and the ability to stick to a plan. We take the burden of wealth management and debt reduction off your plate. We will work with you to develop a customized financial plan that considers student debt while balancing that with goal achievement and retirement needs.

Key Takeaways

Whether you are a physician, dentist, nurse practitioner, physician assistant, or another member of the medical profession, your financial situation is unique to you. As a medical professional, your financial circumstances may be more complex than others in different professional fields. At Win Wealth Solutions, we specialize in working with medical professionals to create a financial plan that will work with you as you move through your career in your field, and we will ensure that you are on track for your retirement. Wealth management for medical professionals looks different than it does for people in other fields. We can help you make a plan to succeed financially.

Take control of your finances - Solve cash flow issues with strategies that the High Net worth and ultra-high net worth use with a line of credit, tax managed investments or a larger tax deduction.

Let us help you build(or review your plan for) a better plan with better outcomes.