Services for Physicians


Services for Physicians

Personal Asset Protection

We recently read an article about a surgeon who was driving in the parking lot at one of the world’s most prestigious teaching hospitals. He had just spent a long day in the O/R working on an especially difficult case, and was running late for his daughter’s spelling bee. As he rushed through the parking lot on his way to the school, he accidentally struck a nurse who was walking to her vehicle. He got out of the car to make sure she was all right. She had a few minor scrapes on her legs, and said she was okay other than that. He walked her to her car, and even called her the next day just to make sure she was still okay. He was told that she was just fine and that there were no problems. Two weeks later he received notice of a civil lawsuit. Apparently she had checked herself in to the emergency room three days after the accident occurred. He learned through a friend of a friend that she had been urged by her colleagues to “go after the easy money.” This is why it is important to review your personal protection strategy.

While estate planning focuses on preventing many different wealth-eroding factors (taxes, prodigal spenders, poor trust structure, divorce, and others), you also have to protect your wealth from liability claims or bankruptcies. The frightening reality is that with the advancement of Internet research, asset protection has become a major concern for physicians. Virtually any attorney at any time can easily uncover your net worth, your assets, the location of your accounts, the investment positions you own, the equity in your home, and more. Here at Glen Oak Financial, we have extensive experience, unique strategies and a different perspective to help you design a personalized asset protection plan that can minimize your exposure and liability.

Retirement Planning

Retirement planning for physicians requires an entirely different strategy than what is used by most working people. Most people enter the workforce in their early twenties and start contributing to their 401(k), Roth IRA or other retirement savings vehicles. Their money has over a decade longer to reap the benefits of compound interest than the average physician, who will begin their career in their thirties with college debt and no retirement nest egg. We assist physicians in finding the right retirement vehicles to catch up and then save enough to continue their desired lifestyle.

Tax Planning Strategies

Proper tax planning, as part of a comprehensive financial plan, must take into account what your current income taxes are, what they are likely to be in the future as your investments grow, and how you’ll be able to withdraw those funds in the future when you need them. Tax laws are complicated and constantly changing, and that’s why taxpayers often miss out on deductions and end up giving the IRS more than was actually necessary. We work with our clients to implement tax planning strategies that help to protect their wealth so they can enjoy it now and pass it on to future generations.

Education Planning

As you may have experienced while paying off your own student loans, it is critical to plan ahead when considering education possibilities. Whether you are planning to go back to school or you are preparing funds for your children, now is the time to start saving. Tuition increases every year, meaning that by the time your children head to college, education costs could be as much as three times more than they are right now. There are many considerations that need to be taken into account, so don’t put it off until it’s too late.

Staff Benefits

If you are the owner of your practice, then you know that the quality of your staff members is a critical part of your practice’s success. If you want to attract and retain A-level talent, one of the best ways is to offer competitive compensation packages that include health insurance, paid time off and more. You can build a positive culture and increase employee loyalty by offering benefits packages that meet your staff members’ needs while adhering to your budget. We can help you with many different types of benefits including:

  • Extended Care Needs
  • Short and Long-Term Disability Insurance
  • Life Insurance
  • 401(k)s
  • Dental Insurance
  • Vision Insurance
  • Group Health Plans
  • Individuals Health Plans
  • Employer Paid Benefits
  • Voluntary Benefits


Obtaining the right insurance mix is crucial in order for you to be able to care for your patients while protecting your practice and yourself as an individual. Here at Glen Oak Financial, we make sure that you understand your potential liabilities so that you can take the right steps to protect your work, your income, and those you love. Some of the types of insurance we offer include:

  • Malpractice Insurance
  • Life Insurance
  • Worker's Compensation
  • Business Overhead Insurance
  • Business and Building Insurance
  • Long-Term Care
  • Disability Insurance

Charitable Planning

Charitable planning allows you to support the organizations and causes that matter to you, while providing immediate income streams and reducing your tax burden. Numerous charitable giving strategies exist, and we can help you design and execute a charitable giving plan that is in alignment with your personal and philanthropic goals.

Investment Management



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