Financial Planning for Physicians

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The advisors at Emeritus have decades of experience providing financial planning services to physicians who are participants in 403(b) and 457 plans. Many of our physician clients are located in greater Philadelphia, central Pennsylvania, Lehigh Valley, southern New Jersey or Delaware.

Unique Requirements for Physicians

Physicians have unique financial planning requirements.

It’s likely your investment journey began relatively late because of your lengthy educational requirements. It may have been further delayed due to significant student or practice debt.

You may also be confronted with additional challenges, like supporting a special needs child or providing financial support to your parents or the parents of your spouse.

Your medical practice is demanding, leaving little time to engage in financial planning, even if you have the experience or inclination to do so. We can help.

When you outsource your financial planning to us, you can be confident you’re dealing with advisors who have counselled many physicians just like you.

We’re intimately familiar with the investments in your 403(b) and 457 retirement accounts, including any annuities that are part of your portfolio.

Investment
Strategy

You’re likely part of a medical practice or employed by a hospital or other nonprofit.

If so, you face a confusing array of investment options within your retirement plans. If you have excess funds to invest, you’ll need to decide how to allocate those resources in post-tax investments as well.

We can help you decide on suitable investments offered within your 403(b) or 457 plan, including annuities.

If you’re self-employed, we can discuss the pros and cons of other retirement options, like pension plans, Simple and SEP IRAs and traditional and Roth IRAs.

If you’re nearing retirement, you’ll be confronted with decisions about rolling over and annuitizing your retirement accounts. In our experience, few investors understand how costs and fees impact expected returns.

At Emeritus, we focus on investments with low management fees (typically exchange traded funds).

In addition, we focus on:

Factors we control

We pay attention to factors we can control and ignore those we can’t.

Investments

We allocate your investments between stocks, bonds and cash so you’re not taking on more risk than is necessary or tolerable.

Portfolios

We globally diversify portfolios to minimize risk.

Our focus

We defer, mitigate or, when possible, eliminate taxes. Our focus is on returns after taxes.

Mutual funds

We don’t engage in activities academic evidence tells us are unlikely to be successful. These include trying to pick stock “winners,” timing the market or finding the next “hot” actively managed mutual fund.

Insurance Issues

Physicians face a number of insurance-related questions unique to their particular situation.

Question Mark

Here are some issues confronting you. We can help.

Am I saving enough for retirement?

Given my retirement plans, are my investments properly diversified?

How do I reduce my tax burden?

Should I pay down my medical school debt?

How can I maximize savings and returns through my employer plans with TIAA®?

Can I afford a second home? If so, what's the best way to fund the purchase?

What's the best way to donate and gift to charities?

Do I have enough life insurance to protect my family?

How should I invest excess cash?

Emeritus Wealth Management
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Location

One Liberty Place 1650 Market Street, 36th Floor Philadelphia, PA 19103

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Email

info@emerituswm.com

Telephone

267-322-2540

Emeritus Wealth Management has no affiliation with TIAA. The services rendered by Emeritus Wealth Management are not reviewed or approved by TIAA. TIAA is a registered trademark of TIAA.

We help participants in 403(b) retirement plans sponsored by TIAA, Vanguard and Fidelity optimize their investments and plan for the future.

Investment advice offered through Stratos Wealth Advisors, LLC, a Registered Investment Advisor DBA Emeritus Wealth Advisors.

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