Best financial planning recommendations for doctors

Premium professional indemnity policy guides for medical professionals? After serving doctors clients (Practicing and Salaried), it was observed that doctors are among the most misled segment when it comes to making investments. Some have been sold with so many insurance policies, some are full of Real estate, some are so Risk averse that they prefer to have bank FDs and traditional Investments in the portfolio, and for some risk has nothing to do as they don’t have time to look at the product details, are thus are into PMS, Structured product, or AIF kind of complex structures.

You Will get a Wealth Monitor,as in online Real time view of your Investments and Assets, to have a clear Idea on where you are going. The Earlier you Start, better it is. But In Financial Planning its never too late. If you are a beginner or have already started investing or have been investing for quite many years, but are not sure which direction you are going and if you are on Right Track or not.

Your patients trust you with their health, our clients trust us with their finances. Just like you, we take a comprehensive approach to providing care. Throughout the financial planning process, we will take everything into account to identify where you are, where you want to be, and how to get there. Working together in an ongoing relationship will allow us to be an accountability partner for you. It will ensure that you receive continual care, and that the informed decisions you make will get implemented and updated when necessary. But Do Understand that Just like Physical Wellness can’t be Improved overnight, same way Financial wellness needs time.

Manikaran Singal is the Founder and Chief Financial Planner at Dr Good Money. Manikaran is MBA Finance (Gold medalist), Certified Financial Planner and SEBI Registered Investment Adviser. Having 17+ years of extensive experience, he is managing clients across the globe. He has authored a book titled – “The Art of Being Good with Money” published by CNBC TV 18, India’s Biggest Media House. He is a Regular Contributor in leading Media Houses and his articles keep getting published in different prominent business magazines and Journals. He is of the strong Opinion that Money Behaves the Way you treat it. and if you really want to get Good out of it, first you have to behave good with it. Read even more details on retirement planning for doctors.

What about the existing Investments?Will you take care of that too? Yes Definitely. First we have to review those investments and see if they are still a good fit as per your financial Plan. Then weed out the Unsuitable ones. We may like to shift the investments under our management by switching them to the lower cost versions where ever possible. What If I want to disengage with you in future? How easy is that process? Its Very Simple actually. You just have to tell us a Month in advance. Since the Invested products would be in your name and direct control, you may create your own logins on different websites and start managing your money on your own.

Doctors in general start earning in the late 20s. Unlike other professions such as engineering, or CAs, doctors start earning late. Acquiring doctor’s degree is the result of years of hard work in academics, many years of training and spending huge sum of money. MBBS, post graduation, specialization etc. all this takes quite a time of their youth, and initial money-compounding years. This is not all, in this ever changing scenario they need to stay relevant and updated by attending conferences, participating and reading the researchers and all these further demands their time and money. See more info on here.