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West Michigan Healthcare Employee Retirement

We understand employees in the West Michigan healthcare system have unique retirement goals and concerns. While all professions have retirement planning considerations, healthcare employees face specific pain points that require a more tailored approach. We at Premier Financial understand those challenges.

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Our team of financial advisors help you navigate the complexities of retirement planning. We'll work with you to develop a personalized plan that addresses your student loan debt, income fluctuations, and specific healthcare benefits.

We know you work long, demanding hours and might not have the energy to proactively plan your retirement. Our personalized approach to financial planning goes beyond a one-size-fits-all solution to ensure a secure and worry-free future for you and your loved ones.

Retiring From Healthcare

Retiring From Healthcare

As you transition from the fast-paced world of healthcare to a well-deserved retirement, financial planning becomes a priority. Our advisors understand the specific retirement landscape for hospital and medical center employees. We're familiar with your benefits structure, including pensions, Social Security considerations, and healthcare provider plans. 

We service employees from Corewell Health, Metro Health Systems Grand Rapids, and Trinity Health St. Mary’s, among other hospitals and medical centers, to craft a personalized plan that considers your unique retirement needs. 

Your future matters, but so does the present. We'll help you navigate tax-efficient strategies, make the most of your existing investments, and manage risk to ensure a smooth financial transition as you enter your golden years.

Retiring from a Private Practice in Healthcare

Healthcare professionals in private practice hold their own set of unique challenges. As you move aside and let someone new take over, we’ll help you every step of the way to secure your financial future.

What We'll Do:

Our History

Create a plan around year-to-year income fluctuations that considers your accumulated wealth, retirement savings, and future income streams.

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Our Process

Navigate finances to maximize the value of your practice.

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Our Values

Develop tax efficient strategies to minimize tax burdens.

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You already know the complexities of private practice. Let us help you secure a worry-free retirement with a business you’ve spent years building.

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Retiring For Healthcare Professionals

What age do doctors retire?

Doctors typically plan to retire around 60 years old but actually retire on average closer to 69 years old.

Retirement Planning for Doctors

Retirement Planning for Doctors

Retirement planning for doctors presents unique challenges compared to other healthcare professions. At Premier Financial, we understand the financial landscape you as a doctor will face.

Here's what sets doctors apart:

  • Doctors often have high incomes, requiring strategies to maximize savings and minimize tax liabilities.
  • Medical school debt can be a significant burden, impacting your ability to save for early retirement.
    Income for some doctors (especially those in private practice) can fluctuate, demanding flexible retirement planning.
    With higher income, doctors may envision an active and potentially more full retirement filled with travel and hobbies. This can also mean a potentially more expensive retirement.

Important Questions Doctors Should Ask

With my income and student loan debt, what is the most effective strategy to pay down debt while still saving for retirement?

How can I create a retirement plan that factors in potential income fluctuations, especially if I transition to part-time work later in my career?

What type of long-term care insurance options should I consider to protect my assets and ensure quality care in the future?

Best Retirement Plan for Nurses

Best Retirement Plan for Nurses

We at Premier Financial understand the specific needs of retirement planning for nurses in order to secure a comfortable financial future.

Nursing retirement considerations include:

  • Non-traditional work hours may impact your budget and how much you can save or invest.
    Some nurses have pensions that definitely need to be factored in with overall retirement planning.
    If you’ve pursued advanced degrees as a nurse, student loan debt factors into your ability to save.
    Work-life balance priorities may lead to earlier retirement or phased retirement options.

Important Questions Nurses Should Ask

Are there any employer-sponsored retirement savings programs or benefits specific to nurses that I should be taking advantage of?

How can I create a retirement plan that considers my variable income, especially if I work per-diem or locum tenens positions later in my career?

Given the demanding nature of nursing, what are some strategies to ensure I have adequate disability insurance coverage throughout my retirement?

I'd like to retire earlier or transition to part-time work eventually. How can I adjust my savings plan to accommodate these goals?

Dentist Retirement Plan

Dentist Retirement Plan

Retirement planning for dentists has certain considerations because a large number of dentists are involved with private practice.

Retirement considerations for dentists include:

Dental school can be more expensive than medical school so student loan debt may be a significant burden when planning for retirement.
Income for some dentists (especially those in private practice) can vary depending on patient volume and procedures performed.
Owning a dental practice adds another layer to retirement planning, involving practice valuation and potential transition strategies.

Important Questions Dentists Should Ask

Should I consider selling my practice to a corporate entity or another dentist, and what are the financial implications of each option?

Given my potentially high student loan debt, what is the most effective strategy to pay it down while saving for retirement?

What are the tax implications of selling my practice, and how can I minimize my tax burden?

I'd like to retire earlier or transition to part-time work eventually. How can I adjust my savings plan to accommodate these goals?

Book an appointment to learn more about your retirement options with one of our financial advisors today.