Specializing in Financial Planning for Physicians
Physicians face unique financial challenges that can often feel overwhelming. From crushing student loan debt and complex cash flow decisions to balancing long work hours with personal goals like starting families and buying homes, the financial journey for physicians is distinctive.
Early Career Challenges
As residents, fellows, and early-career physicians, you start building wealth later than most professionals. Some try to catch up by indulging in the trappings of success early on—fancy cars, large homes, private schools, and more. This can lead to overspending, taking excessive risks, and falling for too-good-to-be-true schemes, while possibly neglecting long-term savings and investments. Meanwhile, insurance agents are constantly vying for your attention and money.
Mid to Late Career Concerns
For mid to late-career physicians, the focus shifts to paying for college, growing your wealth, planning for retirement, and implementing complex tax strategies. Challenges such as declining income due to hospital and insurance company policies, potential financial strain from divorce, and the threat of physician burnout add to the complexity. Accumulating assets is straightforward; however, managing them for retirement income and mitigating risks is intricate.
A Concierge Approach
In medicine, many physicians are moving towards concierge care, seeking a more patient-focused approach. I offer a similar transformation in financial planning—concierge financial planning tailored to your needs. This means comprehensive financial planning and investment management for one flat fee, ensuring you receive the services you need without paying excessive fees based on assets under management.
Your Trusted Partner
You want a partner you can trust—an experienced professional and true fiduciary who acts in your best interests. You seek a close connection with a financial expert who understands your profession and has guided many physicians toward financial independence and success. I have extensive experience and knowledge with Atrium and Novant benefit plans.
If this resonates with you, welcome to Gugle Wealth Advisory, where your financial well-being is our top priority.