Best retirement planning advice for health professionals
High quality financial planning guides for health professionals? Dr Good Money is a Doctor who is Good with Money. The Idea of Dr Good Money came with the experience of the Financial Challenges doctors got exposed to during Covid times. It was a general opinion that Doctors profession is stable and recession proof, which till now was considered to be true, and to some extent it actually is. But, OPDs were shut, Surgeries are being delayed, and patients also prefer tele calling with Doctors as visiting hospitals may expose them to more risk, that showed doctors Income may also be in distress in some situations.
Its not only Investments but every aspect of your Personal Finances be looked upon like Taxes, Insurance, Life Goals, Estate Planning, Loans etc. The Earlier you Start, better it is. But In Financial Planning its never too late. If you are a beginner or have already started investing or have been investing for quite many years, but are not sure which direction you are going and if you are on Right Track or not.
We will start with answering your questions about us, our system and processes. When you are fully convinced and likes to go ahead, then we will share an Agreement for you to read and sign. This will explain in writing what we are going to do and what are the different steps involved. This is the First Step in Transparent Dealings. What we say will give you in writing.
Think of this as a long term care rather than One time visit. Your Financial Life does not starts and ends with you. It has many other stakeholders in it and you are responsible for their wellness too. You don’t want them to be worried about the Family’s Financial Management in your absence. In fact even if you are there you don’t want yourself to remain immersed in the Complexities of the Finances by compromising the quality time which you can devote to your Profession, your Health and Your family. We offer Financial Planning Services in two versions. Personal finances needs to be in line with your Life and Personal Goals. Your Busy schedule and demanding profession may not be leaving enough time for you to look at them and work on its improvement. Lets Discuss your challenges and how can we help you manage them better. Discover more information on retirement planning for doctors.
Will You work with my CA or do i have to engage someone from your team ? Chartered Accountants and Certified Financial Planners have different expertise, though in some areas we both have overlapping knowledge of each other space. If you file your IT returns through your CA, we will provide all the necessary documents required from our side. There’s no Compulsion of engaging someone from our team. However if you want us to do this arrangement for you we can do it, through our associations with CAs.
Doctors in general start earning in the late 20s. Unlike other professions such as engineering, or CAs, doctors start earning late. Acquiring doctor’s degree is the result of years of hard work in academics, many years of training and spending huge sum of money. MBBS, post graduation, specialization etc. all this takes quite a time of their youth, and initial money-compounding years. This is not all, in this ever changing scenario they need to stay relevant and updated by attending conferences, participating and reading the researchers and all these further demands their time and money. Read additional information on https://drgoodmoney.com/.