Services for Physicians

Overview

Backed by an experienced team of knowledgeable financial professionals, Atlantic Financial Group is your trusted Maryland-based financial services firm offering income protection and wealth accumulation strategies for doctors. We have forged solid relationships with professionals from other arenas that allow us to provide you with the complete package, from asset protection and risk management to tax minimization strategies and retirement planning. It’s this knowledge base that allows us to accurately analyze and develop your unique financial plan.

It’s one of our sayings: “No one can be an expert in everything." That’s why, when it comes to important financial decisions, you need to draw on the strength and expertise of attorneys and CPAs who know the business inside and out. We want to nurture long-term relationships with clients to give them peace of mind in a tumultuous time. We know you’re pressed for time – you’re busy with your practice and as such need to rely on someone who can establish, enhance, incorporate and monitor your financial plan so you can concentrate on more important things. That’s where we come in: let us help you balance your financial needs and your career through comprehensive advisory services that gel with your schedule.

We lay out your options so you can easily understand them, providing you with the necessary tools to monitor your financial information in one place. Now THAT’S peace of mind!

Maryland Academy of Family Physicians

For Residents and Fellows

Are you wondering whether it’s best to pay off your medical school loans or save for retirement? Are you contemplating whether to save for your children’s college or refinance your mortgage? These are all tough questions that we can help with. We can help you prioritize your finances and manage your debt load so you get the professional guidance that your unique situation calls for. We can help you answer other pressing questions as well, such as whether you qualify for loan forgiveness or repayment programs, or whether you should enlist in consolidation or income-based repayment.

For Practicing Physicians

As a doctor, your main focus is helping your patients. You don’t have time to worry about money, especially with a schedule that barely allows you enough time to see your own family. Fortunately, we recognize the demands placed on physicians and guide you through the challenges you’re faced with. The result? A custom-tailored strategy designed just for you.

Retirement Planning

Retirement planning for physicians is vastly different from the general working population. For one thing, most people fresh out of college start saving for their Golden Years with a 401(k) or Roth IRA in their early 20s. Being a doctor, your career likely didn’t really get going until your early 30s due to the many years of medical school and residencies. The bottom line is that you missed out on a decade of retirement savings and you need to play catch-up. It can be done! We can match you with the best retirement plan that allows you to maintain your existing lifestyle and still establish a very nice nest egg for retirement.

Asset Protection

Wealth erosion over the years is nothing you want to witness. We can help you preserve your wealth now so you’re protected from liability claims, lawsuits, bankruptcy and divorce. We employ a variety of legal and financial techniques designed to discourage other parties from threatening your assets through protection of your wealth, savings, real estate, investments, and future income.

Tax Planning Strategies

Many factors go into a comprehensive financial plan when it comes to income taxes. You may be curious as to what your investments should be now, and what they should be in the future. How will you take out the funds when you need them most? We know little used tax deductions the average taxpayer misses. Don’t pay unnecessary taxes to the IRS; save that for your children’s education, donate to charity or invest in a big-ticket item.

Estate Planning

Coming up with a solid estate plan involves documenting everything at all times in order to come up with a strategy for asset transfer. Our team will review your assets and show you how to protect your future income, taking into consideration your beneficiaries and how they will be affected by your decisions.

Education Planning

Saving for college is huge, but it doesn’t have to be overwhelming. Considerations include potential for growth, risk assessments, tax issues, ownership and control, as well as the fees and expenses attached to them. As education costs increase, you might pay three times the amount you are now when your kids finally do go to college. You need flexibility on your side.

Debt Management

Let us help you manage your medical school loans and make wise choices in the future about how to manage your student debt. Early management of educational loans is imperative to stay on top of things.

Insurance

The success of your practice hinges on how well you manage your livelihood. We can provide professional liability insurance that will protect your reputation and your practice. We can sit down with you and go over the differences between your many coverage options for peace of mind. Here are the most common types of insurance plans we work with:

  • Long-Term Care
  • Malpractice Insurance
  • Home and Auto Insurance
  • Life Insurance
  • Business and Building Insurance
  • Disability Insurance
  • Workers Compensation
  • Business Overhead Insurance

Employee Benefits

Attracting and retaining knowledgeable employees certainly contributes to the success of your office. Lucrative compensation packages with the best health insurance, life insurance, vacation time and 401(k) plans is imperative if you want the best of the best. These solid plans can help you strengthen employee loyalty so you can exceed your goals as a physician and theirs as loyal employees. Here are some of the insurance benefits we address:

  • Group and Individual Health Plans
  • Dental
  • Vision
  • 401(k)
  • Employer Paid Benefits and Voluntary Benefits
  • Short- and Long-Term Disability
  • Life insurance
  • Long-Term Care

Charitable Planning

With our comprehensive legacy planning and charitable gifting services, you can feel good about making a valuable contribution to the community. And with so many options available to you, you can manage a private family foundation with a cause you are passionate about, or even support your favorite local or global charities.

You can rely on Atlantic Financial Group to help customize your financial goals and objectives.

Neither Atlantic Financial Group nor any of its professionals, offer tax, legal or accounting advice. Please consult your individual advisors regarding your particular situation.