Physicians

Congratulations! We understand that graduation from your residency program is a milestone in your educational journey. At Integrated Capital Management, we help resident physicians prepare for a successful financial future.

Situation

Emily was several months from graduating from her residency program when she came to Integrated Capital Management for guidance. With $300,000 in student loans, $10,000 saved in her 403(b) account from the residency program and no individual disability insurance policy, she needed advice about what to focus on before graduation.

Solution

Emily’s Integrated Capital Management advisor assisted her with the following priorities so she can now pour all her energy into her new attending physician position:

1. Obtain an Own Occupation Disability Insurance Policy
2. Rollover her 403(b) to an IRA Rollover and convert the funds to a Roth IRA
3. Explore refinancing options for her student loans
4. Have her attending physician contract reviewed by an employment attorney

For illustration purposes only. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy recommended will be profitable, equal any historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. No portion of the content should be construed as an offer or solicitation for the purchase or sale of any security. ICM and its affiliates do not provide tax, legal or accounting advice. Any information presented here is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.

A physician’s career success depends on the ability to take education and experience and translate that into treating patients. Integrated Capital Management is aware of the effort that goes into attaining a medical degree and we are here to protect your earnings in the unlikely event that you become disabled. Protecting your assets and family is our priority.

Situation

James spent over 10 years studying medicine before starting as an attending physician. He came to Integrated Capital Management for advice after seeing a colleague experience a life changing disability. He wanted to understand how to protect his family and avoid the financial destruction that can come with that type of event.

Solution

James’ Integrated Capital Management advisor educated him on the best available disability insurance policies for physicians. Ultimately, they agreed on a policy tailored to his specific occupation and income needs. The policy provides James with peace of mind and will protect his family’s standard of living in the case of an unforeseen disability.

For illustration purposes only. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy recommended will be profitable, equal any historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. No portion of the content should be construed as an offer or solicitation for the purchase or sale of any security. ICM and its affiliates do not provide tax, legal or accounting advice. Any information presented here is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.

The average medical resident graduates with over $200,000 of student loan debt. At Integrated Capital Management we help recent graduates minimize the overall cost of their student loans so they can focus on creating a solid financial future.

Situation

As a newly graduated medical student, Sarah came to Integrated Capital Management for financial advice. A thorough review of her financial situation revealed that she had $250,000 in student loans financed through the government at an interest rate of almost 7%. Worried about being locked into that rate over the 10-year loan repayment period, she was anticipating paying almost $100,000 of interest under the original terms of the loan.

Solution

Sarah’s Integrated Capital Management advisor worked on refinancing options to reduce her monthly payment significantly and save her over 50% on interest charges over the life of the loan. With this plan implemented, Sarah is now on a path to financial independence.

For illustration purposes only. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy recommended will be profitable, equal any historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. No portion of the content should be construed as an offer or solicitation for the purchase or sale of any security. ICM and its affiliates do not provide tax, legal or accounting advice. Any information presented here is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.

Regardless of where you are in your career as a physician, a solid financial plan with objective goals is an invaluable tool for future success. At Integrated Capital Management we understand the needs and circumstances of physicians and create roadmaps to financial independence that are as unique as our clients.

Situation

Mark has been in private practice as a physician for 25 years and recently sought the expertise of Integrated Capital Management. He wanted to know if he was on track for a secure retirement based on his income needs and available financial resources.

Solution

Mark’s advisor at Integrated Capital Management evaluated the probability of success of meeting his retirement income goals. A plan was developed to help Mark address his risk tolerance, while saving more and reducing his tax liability. Under the Integrated Capital Management plan, Mark is confident he will achieve his retirement goals and now has the option of retiring earlier than he had originally planned.

For illustration purposes only. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy recommended will be profitable, equal any historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. No portion of the content should be construed as an offer or solicitation for the purchase or sale of any security. ICM and its affiliates do not provide tax, legal or accounting advice. Any information presented here is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.