for the First 12 Months
Our financial planning process is focused on helping you plan, not sell you products or invest your money. We focus on all the elements of a comprehensive plan and differ from traditional planners.
We can help you create a comprehensive financial plan that integrates your personal financial accounts and documents into one easy to view hub. This hub provides you a centralized story of your financial progress. You will have access to a dedicated Financial Coach, CERTIFIED FINANCIAL PLANNER™ (CFP®) who will not only create your initial financial plan but will act as an ongoing resource for you as your financial needs change. When it comes to the unique needs of physicians, you will see that My Financial Coach can help physicians at all stages of their careers.
Our CFPs® have access to a selected group of subject matter experts in tax, accounting, investments, insurance, succession, retirement and estate planning etc.
We provide financial planning and education for every career stage to achieve financial wellness.
Our coaches can help you with:
Digitally organize all your:
If you are early in your career, or even completing your training, financial planning may be the furthest thought from your mind. However, establishing good financial habits now, and having a financial coach to lay the foundation for the rest of your future today can be powerful in setting you up for success.
These early years can be stressful with long hours, lower pay, and large student loans potentially hovering in the background. Working with a financial coach can help save time, energy, and money down the road. Some of the biggest ways that we help Resident and Fellows put their best foot forward are:
Attending physicians often find themselves relieved of past obligations such as student loans, but now may find themselves making progress towards their dream goals. All of the hard work established to lay down a financial foundation such as reviewing your cash-flow, paying off debts, and establishing retirement savings are now turning into substantial wealth.
With the basics in place, your financial planning shifts into new complexities. With the help of a financial coach that is knowledgeable in the unique needs of established physicians, you can work together to uncover opportunities to close any inefficiencies in your planning. At My Financial Coach, some of the ways that we can help established physicians:
Physicians must navigate the complexities of their own financial needs, and physicians who own or partner with a practice are responsible for planning around their businesses and partially for the wellbeing of their employees. Often this means that owners are given the task of determining the appropriate employee benefits package. As a business owner you will also need to consider the tax structure of your business as well as the industry-specific liabilities that come with operating a physician’s practice.
At My Financial Coach, we understand how to map out the financial needs of business owners. We work with you in coordinating the right types of benefits that will protect and build retirement for you as an individual and also help attract new talent through competitive benefits that serve you and your employees and leads them to achieve financial goals. Just some examples of how we may serve a practice owner’s financial needs are:
Wealth.com, in association with My Financial Coach, allows you to create state-specific digital estate planning documents that determine how your assets will pass to your loved ones and designate key decision-makers. This is a $4,500 to $7,000 value that is included in the price of planning.
Estate planning and trust services include:
After completion, get complimentary printed copies of your estate plan documents mailed directly to you. The pages include a QR code feature that allows for easy and quick access to digital copies of your documents. You can also choose to grant trusted individuals emergency access to your digital platform should the need arise. You also have the option to consult directly with an attorney for 30 mins at a pre negotiated cost.