COMPREHENSIVE SERVICES
Medical Professionals
“…They assist with advice and solutions that meet our unique situation…”
This testimonial is from a client of Ballast, Inc. Clients are not compensated for sharing their opinions and experiences with our firm. Any compensation creates a conflict of interest and any client’s comments may not be representative of any other person’s experience with the firm.
The medical profession creates a unique environment for opportunities and challenges. We understand the different employment structures, insurance challenges, and financial planning solutions for situations like yours. We routinely guide colleagues like you through their career navigation and advise on all aspects of life – professionally and personally – that influence your financial life.
- Student Loan Reduction Planning
- Savings vs. Spending vs. Debt
- High-Debt Reduction Planning
- Advanced Savings Solutions
- Lifetime Tax Optimization
- Malpractice Insurance
- Own Occupation Disability Insurance
- Key Man Insurance
- Insurance Funded Buy/Sell
- Worker's Compensation & Liability Insurance
- Early Retirement
- Part-Time Retirement
- Locums Tenens & Part-Time Retirement
- Business Sale Proceeds Guidance
- Sale to Private Equity Analysis
- Hospital vs. Private Practice
- Employee vs. Owner Employment Structure
- Academia Opportunities
- Independent Contractor Advice
- Locums Tenens
- Business Consulting
- Budgeting & Goal Planning
- Employer Benefits
- P&L and Balance Sheet Advice
- Owner Salary vs. Profit Ratio
- Starting a Practice
- Advise Real Estate Purchase/Sale
- Practice Sale/Purchase Structure
- Buy vs. Rent Equipment Decisions
- Practice Buy-In Planning
- Homeowners Insurance
- Auto Insurance
- Umbrella Insurance Analysis
- Board Member Insurance
- Professional Insurance
- Allocate to Savings vs. Debt vs. Spending
- Create and Revise a Budget
- Establish Strategies for Variable Income
- Pre-Determine Allocation of Bonuses
- Establish a Guilt Free Spending Structure
- Set and Monitor Goals
- Align Spending Habits with Values & Personal Goals
- Balance Savings with Current Budget
- Establish Savings for Aspirational Purchases
- Provide Long-Term Discipline
- Job Change Analysis
- Salary/Bonus Change Planning
- Transitioning from Two Incomes to One
- Allocate Bonuses Between Savings and Spending
- Business/Entrepreneurial Start Up Advice
- Financial Continuity for Surviving Spouse
- Financial Continuity for Children
- Establish, Implement, and Monitor a Financial Plan
- Identifying Areas of Vulnerability from Financial Biases
- Proactive Financial Guidance
- Asset Allocation Analysis & Risk Assessment
- Invest Around Concentrated Stock Positions
- Portfolio Rebalance
- Monitor Lifetime Allocation Adjustments
- Assess New Strategies/Products/Laws
- Review Bequest Planning
- Inheritance Structures for Next Generation
- Review Potential Trust Options
- Lifetime vs. Legacy Gifts Consideration
- Trust Protection for Younger Generations
- Federal Estate Tax Planning/Analysis
- Intra-Family Loan Planning
- Funding of Trusts/Re-Titling of Assets
- Surviving Spouse Planning
- State Estate Tax Planning/Analysis
- CPA/Tax Preparer
- Estate/Business Attorney
- Banker/Lender
- Realtor
- Insurance Agent
- Plan for Current Year Tax Changes
- Tax Withholding/Payment Guidance
- Review Annual Tax Return
- Income Tax and Capital Gains Tax Planning
- Tax Planning Across Multiple Income Streams
- Roth Conversion Analysis
- Tax Bracket Management
- Annual Standard/Itemized Deduction Analysis
- Identify Individual Risk to Tax Rate Changes in Retirement
- Lifetime Tax Projections
- Net Investment Income Tax Planning
- Tax Loss Harvesting Analysis
- 0% Gains Harvesting
- Stock Option Planning
- Restricted Stock Unit Planning
- Brainstorm & Develop Financial/Life Goals
- Financial Coaching for Transition to Retirement
- Identify Biases Towards Money & Personal Finances
- Support Overcoming Financial Biases
- Provide Peace of Mind for Financial Freedom
- Establish Cash Balance for Short-Term Goals
- Optimize Returns on Cash Holdings
- Provide FDIC Insurance Guidance
- Career/Income Change Plan
- Establish, Monitor, Analyze Emergency Fund Needs
- Retirement Lifestyle Goal Planning
- Retirement Cash Flow Analysis
- Multiple Scenario Planning & Testing
- Retirement Savings Analysis
- RMD Planning/Execution
- Open Enrollment Planning
- Group Insurance vs. Individually Owned Insurance
- Retirement Plan Analysis
- Employee Stock Purchase Plan Analysis
- Analyze Fringe Benefits
- HDHP with HSA vs Low-Deductible Health Insurance
- Medicare Analysis
- Invest HSA Funds
- Evaluate Employer Health Insurance & Medicare
- Align Years of High Medical Costs with a Low-Deductible Plan
- Life Insurance Coverage Needs Assessment
- Analyze Existing Permanent Insurance
- Long-Term Care Insurance Analysis
- Disability Insurance
- Umbrella Insurance Analysis
- Income Timing
- Spousal Benefits Planning
- Guidance on Long-Term Risks Associated with Claiming Decisions
- Legal Changes to Benefits
- Special Use Income Targeting Strategy
Resources
Taxes in Retirement – Case Studies
Key Takeaways: When you’ve spent your adult life working and saving, retirement is a big change. One item that will both change and remain the
Fighting Inflation – Why This Time Feels Different and Could Actually Be Successful
Key Takeaways There were 11.4 million job openings in April equaling 1.92 job openings per unemployed person, a huge benefit to a Fed attempting to
(With Perspective) There Is Good in This Selloff
Yes, I said it; there are countless reasons to celebrate what we are and have been experiencing in the financial markets. From a historical
To learn more about ways we can help, visit our Resources page or schedule a call.
