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In Practice: Comprehensive Planning

Very few physicians go into practice with a clear idea of how they will finance the life they intend to live. Instead, we commonly see physicians with a patchwork of financial products and advisors, and no cohesive, overarching strategy.

Through the development of a Comprehensive Plan, physicians with growing financial complexity can see the impact of their short-term decisions on their long-term objectives. Seeing and understanding the relationship between various decisions is invaluable in developing an organized, strategic, and manageable approach toward the future.

The Comprehensive Planning process helps address concerns including:

  • Liability and asset protection issues
  • Practice ownership valuation
  • Real estate investment including buy-in of the practice building
  • Advanced estate planning
  • Tax reduction strategies
  • Retirement planning
  • Cash management strategies
  • Insurance analysis and update