Who We Serve
Financial Planing for Early-Career Physicians
Navigating the Unique Financial Planning Challenges & Opportunities for Early-Career Physicians
So, your income just multiplied (congrats!), but you still have those student loans...and maybe you’re thinking about buying a home, starting a family, and building your net worth —h, oh yeah, and becoming a world class-physician on top of that! Early-career physicians were our first true love and why we decided to focus on physicians. Everything happens so fast, yet these decisions and moments matter forever.
Does this sound like you?
Are you in your last year of training or within the first five years as an attending?
We can help you with:
- Getting organized. There’s a lot of “new” info to consider — from starting your investments to understanding your new employer benefit. - Let us help
- Student loans. We can help answer questions like, “Are we going to PSLF or do we need to get aggressive here?” “Do I invest or pay off my student loans?”
- Life outside of medicine. From Buying a home and physicians mortgages, to starting a family —you name it, we plan for it.
- Asset protection and risk management. Things just got serious, let's safeguard that.
Pricing
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Plan Creation with Ongoing
Planning & Investment
Management
One-Time Plan
Creation Only
Plan Name
Inpatient Planning
Outpatient Planning
One-time Plan Creation Fee
$3,000
$7,000
*For Medical Residents & Fellows, we offer a reduced flat-fee of $500 for your monthly subscription while in training.
Frequently Asked Questions
There is no need to wait until you have a high net worth or several years of attending income. For many physicians, the final year of training and first few years as an attending are especially important because income, benefits, student loans, taxes, and lifestyle can all change quickly. Starting early gives you more time to make intentional decisions and adjust as your career develops.
A large increase in income creates opportunities, but it can also make it easy for spending to increase just as quickly. New attending physicians may need to balance student loan payments, retirement savings, investing, insurance, a home purchase, and other priorities. A financial plan can help determine how much to direct toward each goal without putting your current lifestyle completely on hold.
There isn't one answer for every physician. The right choice depends on factors such as your interest rates, loan type, eligibility for programs such as Public Service Loan Forgiveness, employer benefits, investment opportunities, and other financial goals. WealthKeel helps physicians evaluate student loan repayment alongside the rest of their financial plan rather than treating the debt in isolation.
It depends on your career plans, finances, and how long you expect to stay in the area. A physician mortgage may make homeownership possible with a smaller down payment, but that doesn't necessarily mean buying is the right financial decision. It's important to consider the purchase price, monthly payment, interest rate, future mobility, student loans, and other priorities before deciding.
The transition to attendinghood can involve several major decisions at once. Reviewing employer benefits, adjusting tax withholding, deciding how much to save and invest, evaluating student loan options, increasing insurance coverage, and establishing a sustainable spending plan are all worth considering. Having a plan before the first large paychecks arrive can make the transition easier.
There isn't a universal percentage that applies to every physician. The appropriate amount depends on your income, student debt, age, desired retirement lifestyle, employer benefits, and other financial goals. The important thing is to establish a savings strategy early and increase contributions as your income and circumstances change.
Physicians often need to revisit their insurance coverage when they move from training into attending practice. Depending on your circumstances, that may include disability insurance, life insurance, umbrella liability coverage, and other forms of protection. The right coverage depends on your income, family responsibilities, existing assets, and employment situation.
Yes. WealthKeel works with physicians in their final year of training as well as residents and fellows. The firm offers a reduced monthly subscription while clients are in training and can help with student loans, investing, employer benefits, insurance, cash flow, and planning for the transition to attending income.