Services for medical professionals – Durham

A financial strategy designed to your needs

As a medical professional, we can help you manage your high income with tailored investment strategies and tax optimization. We offer comprehensive retirement planning, assist with medical school debt, and ensure you have the right insurance coverage. Our goal is to provide personalized financial planning to support your long-term stability and goals.

Our services we recommend to you

Financial Planning

Whether you are just getting started or want to check if you are on track for your goals, financial planning is valuable to anyone at any stage of life.

Our financial professionals will be with you on every step of the holistic financial planning process. We analyze every element of your financial situation, recognize where your needs are, and help you implement your plan moving forward.

Student Loan Strategies

Life doesn’t stop while paying off student loans. You may also be preparing for a wedding, saving a down payment on a home, thinking about growing your family, or getting a head start on retirement funding.

We can help you prioritize all the moving parts of your financial picture and navigate your repayment strategies specific to the medical profession and the unique challenges you may face.

Risk Management

Protect yourself and the one’s who depend on you for against the uncertainties of life.

Our advisors work closely with North Star life insurance, long-term care, disability insurance, and property and casualty specialists to search policies from a variety of carriers. Together we will help you find the appropriate policy based on your income and needs, so you have everything you need to guard against the unexpected.

We are here for you in every stage of your career

School and residency/fellowship

As a medical professional, you face some large transitions in your career, the first of which is moving from medical school to residency or fellowship.

While you’re still in training, we will help you develop a budget and make important decisions about your student loans. We can also provide personalized insurance recommendations to protect you if your ability to earn an income is interrupted at any point in your career.

Starting early will set you on a path to financial freedom without the common mistakes that could cost you in the long term.

Entering practice

The second big shift in your career happens when you move from residency/fellowship to practice. Whether you are opening a practice, joining a health care system or teaching hospital, or joining an existing practice as an associate or a partner, we will help you navigate the complicated combination of employee benefits and personally owned benefits.

As your income increases, we will also help you create an investment and retirement strategy that helps you to minimize taxes and take advantage of the powerful tool of compound interest. At this stage, layering asset protection strategies will become crucial in the planning process.

Business owner

When you run your own practice, finding time to manage your personal and business finances becomes even more challenging.

We offer comprehensive guidance to help you set your business up for success through anything life may bring. Our practice owner services include strategies for employee benefits, business insurance lines, 401(k) plans, defined benefit retirement plans, and customized solutions based on your specific requirements.

With our inclusive approach, we will work with your accountant, bookkeeper, attorney, and other professionals to ensure your solutions work in every situation.

Retirement

We want to help you achieve the retirement lifestyle you envision for yourself. Whether it includes working part-time. teaching, or volunteering, we help you determine your needs and establish the investment vehicles that will help you get there.

With every solution we suggest, our goal is to help you maximize income. moderate risk, and minimize tax implications to ensure your retirement and estate plan reflect your expectations.

The North Star difference

When you work with us, you benefit from their experience, but you also benefit from the collective knowledge of dozens of financial professionals specializing in work with medical professionals and the many specialists and resources present at North Star.

Tailored financial solutions for medical professionals