Solutions for Physicians

At Ferris Financial, we understand the financial challenges of being in the healthcare industry. Our team is standing by to work with you each step of the way, from residency to retirement. We understand that many years of education, residency, long hours, and stressful days can cause your financial management to fall to the wayside. Our goal here at Ferris Financial, LLC is to take over that piece of the puzzle, allowing you to devote your attention to what matters most: your patients. Some of the services that we can offer are highlighted below:

Retirement Planning
Strategies

Creating a strategy for retirement when part of the medical industry is crucial in order to stay on track and retire on time. Most careers only require 4-6 years of education, but the medical field requires so much more. While others can begin saving for retirement within years of exiting high school, individuals in the medical field can fall behind without proper planning. Our job is to account for this longer period of education and help you manage your finances in such a way that retiring on time is made possible.

Debt Management

You would not be where you are today if it were not for hard work and years of education. Unfortunately, your education most likely left you with a hefty debt as well. We want to help you manage that debt in such a way that paying it off becomes not only possible, but easy. As you look to the future, you should be excited, not worried. As you look back at your education, you should be grateful, not regretful. Our debt management programs will help meet your objectives so that your career, not your debt, can be the center of your focus.

Charitable Planning

Serving others is at the core of who you are, or else you would not be in a field that continually puts others first. We want to help you budget charitable giving as a part of your financial strategy. If giving to a cause has been on your heart but you are unsure if it is feasible, consult with us today and we will help you make regular donations to a charity part of your personal financial plan.

Tax Planning Strategies

You work hard for your money, so it is important to strategize your plan in a way that allows you to save the most. There are potential tax savings strategies that could prevent you from paying higher taxes than necessary. Let us help you change this by reviewing your taxes and finding missed deductions. Managing your taxes now can help you save long into the future, making goals such as a second home or early retirement possible.

Education Planning
Strategies

Planning for the education of your children can be overwhelming, especially when you have just finished paying off student loans of your own. Our team of advisors is prepared to work with you to consider tuition growth, risks involved, taxes, and more to create a plan best suited to the needs of both you and your children. Sending children off to college is difficult enough; do not let your finances make it even harder.

Asset Protection

There are numerous financial strategies and retirement income plans that can help you accumulate assets for the future, shield your business and personal assets from liabilities, and safeguard asset transfer to children and grandchildren. We can help you figure out what the right course of action is for your specific situation and objectives.

Employee Benefits

In healthcare, every employee matters. No practice can run smoothly without the help of administrative staff, managers, nurses, assistants, and other staff members. This team is what keeps clients satisfied, schedules complete, and priorities in order. Benefits ensure your employees are dedicated to staying with your practice. Although a need for income may lead candidates to apply, it is the added benefits that motivate them to stay. Our job is to help you decide which benefits are best for your company and how to plan and implement them according to your company goals.

Disability Insurance

In the unfortunate instance in which you are unable to continue working, disability insurance protects your income source that your family can still feel stable. We understand that the ability to make plans for purchases in the future is based on the assumption of income, and that when that income is taken away by illness or injury, it can create catastrophe. We can help protect your current lifestyle and financial future through disability insurance.

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