Retirement Planning for Doctors
We help physicians and dentists navigate retirement planning with strategies that reflect their career stage, income structure, and lifestyle goals. Our approach focuses on aligning decisions with your broader financial picture while carefully weighing potential tradeoffs. Whether you’re years away from retirement or beginning to transition, we provide guidance that supports your next steps with clarity and care.
Why Retirement Planning Matters for Physicians and Dentists
Physicians and dentists often face delayed earnings, student debt, and limited access to retirement plans. WealthCare Financial offers strategies aligned with your career path and future goals. Whether you’re self-employed or part of a group practice, we help organize your financial life with practical, personalized retirement accumulation and distribution planning.
How Financial Guidance Impacts Doctors’ Retirement
According to the 2021 ACP Report, physicians who are ahead of or on track for retirement are significantly more likely to use a professional financial advisor, often a certified financial planner (CFP), than those who feel behind schedule.
At WealthCare Financial, we offer retirement planning strategies that reflect your individual situation. Whether you’re in private practice or self-employed, we help you explore options beyond traditional plans to build a path that fits your goals.
Clarity and structure for physicians planning their next financial chapter.
Preparing for retirement as a physician or dentist involves more than just managing numbers. It means aligning your financial strategy with how you want to live and work in the years ahead. Your career may involve irregular schedules and independent income streams, presenting unique challenges. We help bring clarity to these decisions with planning tailored to your profession, your goals, and the changes you are facing.
Let’s start a conversation about where you are today and what comes next.
- Evaluate Retirement Readiness We assess your current savings, income trajectory, and financial goals to help determine your preparedness and outline potential next steps.
- Build Tax-Aware Strategies Our approach factors in tax exposure across accounts and timelines to support more efficient accumulation and distribution of retirement income.
- Explore Retirement Plan Options We review options like Solo 401(k)s, Defined Benefit Plans, and Backdoor Roth IRAs to help you find a structure that fits your situation.
- Support Career Transitions Whether you plan to reduce hours, change roles, or step away entirely, we help align your finances with your evolving lifestyle.
Retirement planning begins with a conversation. We talk about your specialty, income structure, practice type, and long-term goals. From there, we create a strategy that fits your unique path as a physician, dentist, or healthcare professional.
Retirement Strategies Available to Physicians and Dentists
Wealth Accumulation Strategies
Physicians and dentists can build long-term wealth through 401(k), 403(b), Solo 401(k), tax-qualified investments, and brokerage accounts, while managing investment risks and incorporating tax planning into overall retirement strategy.
Fully Insured Pension Planning
We help create pension-style income using annuities with income riders, in-service withdrawals at age 59½, and asset allocation to support long-term retirement goals for physicians, dentists, and independent medical professionals.
Social Security and Income Distribution
We assist with retirement income strategies by evaluating Social Security timing, reviewing pension benefits, and structuring distributions from IRAs, annuities, and brokerage accounts for physicians and dentists approaching retirement transitions.
Investment Strategies in Retirement
Our team guides physicians and dentists in retirement asset allocation, considering ETFs, index funds, REITs, DSTs, and bond funds to support income generation and capital preservation in retirement years.
Self-Employed Retirement Plans
We compare Solo 401(k), SEP IRA, and Defined Benefit Plans for self-employed physicians, dentists, and locum tenens professionals, emphasizing tax advantages, contribution limits, and long-term planning flexibility.
Student Loan and Retirement Balance
Physicians and dentists managing student loans can explore repayment strategies, nonprofit forgiveness options, and backdoor Roth IRAs to align debt reduction with sustainable retirement savings and future planning.
Financial Planning & Fee Schedule
| Portfolio Value | Fee |
| $0 – $1,000,000 | 1.50% |
| $1,000,000 – $2,000,000 | 1.25% |
| $2,000,000 – $3,000,000 | 1.00% |
| $3,000,000 + | ≤ 0.75% |
Other Financial Planning Fees
On average a financial plan will take approximately 5 – 15 hrs at $300/hr
Solo 401(k) Set up fee: Initial cost $1,500 with an ongoing annual fee of $199/yr.
Financial Planning Retainer: $199/m – $495/m depending on the complexity of the plan.
