As a physician you have faced challenging years of low paying preparation to get to where you are today. After completing your residency and any specialty education, you are faced with new challenges of allocating your higher income and pursuing both personal and professional goals. Your financial goals can become a reality with the right planning. Proper financial planning is crucial to physicians, especially if you leave residency with mounting student debt.
A large majority of physicians find themselves in the top 10% of income earnings. This constitutes a high-income tax bracket and there are many roadblocks in claiming deductions. We also recognize the propensity for a physician to face legal challenges throughout their career, making it more important to start planning now. Here at McDonough Capital Management, we understand the unique features of your life as a physician and will build a plan personalized to you. No matter what stage of your career you are in, we are equipped to advise you. This includes asset protection strategies which we can deploy offering significant tax advantages.