Medical Pension Planning

As a physician in a successful medical practice, your time and money are valuable. That is why one of our top priorities is to address the unnecessary risk that is present in the vast majority of physicians’ financial plans.

Many physicians that we meet have some relationship with a financial planner, advisor, insurance agent, accountant, attorney, etc. When we take a holistic view of their planning, however, most are financially imbalanced. They are often exposed to unnecessary risks from embedded taxes, lawsuits, lifestyle factors, inefficient use of assets, etc. Failing to address all of these forces places downward pressure on their ability to build wealth.

At WestPac Wealth Partners, we bring together leading professionals in the fields of financial planning, taxation, law, practice management, succession planning, and client retention. This way, we can best assist our clients in addressing these issues and helping to achieve optimal financial balance in their lives.

For a surgery to be successful, you need several team specialists available to address the various circumstances. Why would your unique planning situation be any different?

This is the stage where your plans and preparation can really start to come to fruition. In this stage of growing your assets and meeting your obligations, you'll see great progress in working toward your financial goals. But, to maximize your portfolio, financial planning is best considered early on. The earlier you start, the better you set yourself up for success. First, you'll want to establish solid savings. One we have your savings plan established, we shift to managing your portfolio, monitoring your asset mix to make sure it is constantly aligned with your goals, preferences, and retirement dreams. Just as it's important to perform regular health checkups, it's important to perform regular financial reviews.

Owning a practice is a huge achievement and a great opportunity, but it adds a layer of complexity to your finances. Not only are you responsible for your personal finances but also you are responsible for running a business and managing your practice's finances. You have to consider things like benefits packages, retirement plans, the practice's tax structure, business strategies, and much more. At WestPac Wealth Partners, we can help you manage this complexity and grow your practice where you want it to go by taking a holistic approach to your situation to plan, execute strategies, and help you set and reach goals.