Wealth Strategies for Physicians
You Heal Others. Let Us Help Heal Your Finances.
You've invested over a decade in training. You're finally earning $400K-$800K+. But late career start, massive debt, and peak tax exposure create unique wealth challenges.
The Physician Financial Paradox
High Income, Complex Challenges
Society considers you wealthy. But you face challenges most people don't understand.
Late Career Start
Most physicians don't earn real money until their early 30s. That's 6-10 years of wealth-building time lost.
Massive Student Debt
Average medical school debt exceeds $200,000. Years of compound interest working against you.
Peak Tax Exposure
At $400K-$800K+, you're in the highest tax brackets. Every saved dollar will be taxed heavily.
Burnout Epidemic
44% of physicians report burnout. You might not WANT to work until 65—or be ABLE to.
The Time Problem
You Need to Build Wealth in Half the Time
Most professionals start earning at 22. You start at 28-35.
The Timeline Reality:
- College: 4 years (no real income)
- Medical school: 4 years (accumulating debt)
- Residency: 3-7 years ($55K-$70K income)
- Fellowship: 1-3 years (similar pay)
- Attending: Finally earning—at age 28-38
A software engineer starts at 22, debt-free, with 43 years to build wealth. You have maybe 25-30 years.
You need to build the same (or more) wealth in HALF the time.
Stock Image: Physician reviewing financial plans
The Physician Wealth Strategy
The Three-Tier Tax-Free Approach
Convert taxable income to tax-free income over your career.
Tax-Deferred
- •401K to employer match
- •SEP or Solo 401K if practice owner
- •Cash balance plan
Current tax reduction during peak earning years
Tax-Free (Limited)
- •Backdoor Roth IRA ($7,000/year)
- •Mega backdoor Roth (if available)
- •Roth conversions
Tax-free retirement income (limited amount)
Tax-Free Unlimited
- •Max-funded IUL policy
- •No contribution limits
- •Living benefits protection
Unlimited tax-free income + burnout protection
Target: 60% of retirement savings in tax-free (Tier 2 + 3), 40% in tax-deferred (Tier 1)
Living Benefits: Your Burnout Backstop
What happens if you can't continue practicing medicine? Traditional disability requires proving "disability." Living benefits on life insurance provide flexibility disability insurance can't.
If you want to cut back, transition, or retire early—
Policy loans provide income without penalty, at any age.
Real Results
Physician Case Study
Dr. Sarah
Cardiologist, Age 38
The Challenge
High income but feeling behind. Significant tax exposure (48% marginal). Wants flexibility to reduce hours by age 55. Needs protection if burnout forces early exit. College costs looming for 3 kids.
The Strategy
Continue 401K to match ($23K), start backdoor Roth ($7K), fund max-funded IUL at $60K/year. Use policy loans for college funding while building tax-free retirement income.
The Outcome
After 20 years: $1.2M+ Section 7702 cash value providing $70K/year tax-free income. Combined with Roth ($30K) and 401K conversions, total retirement income of $130K+ at 15% effective tax rate. Plus living benefits protection against burnout and $2M+ death benefit.
The Perfect Fit
Why Physicians Are Ideal Candidates
High Income
Can fund significant premium amounts
Late Start
Need accelerated wealth building
Career Risk
Burnout makes living benefits valuable
Tax Burden
Highest brackets benefit most from tax-free
Analytical Minds
Understand complex strategies
Practice Ownership
Exit planning synergies
Questions
Common Questions from Physicians
We specialize in working with physicians and understand your unique challenges.
Ask Your QuestionReady to Heal Your Financial Future?
Schedule your physician-specific strategy session. We'll analyze your debt, income, timeline, and goals.