MDCMA Financial Planning: Powered by Altfest

About this exciting new benefit.

Life is often busy for physicians, leaving little time to adequately manage your finances. It was apparent to us that a program was needed to help medical professionals take control of their personal finances from residency all the way through retirement, and thus, MDCMA has launched this resource page in partnership with Altfest Personal Wealth Management.

Altfest has been serving the financial needs of medical professionals for over 40 years. Their four decades of experience enable them to effectively guide you and your family towards a more sound and secure financial future.

This resource for MDCMA members ensures you have access to the financial education and expertise you need to succeed.

Stage 1: Resident

Goal Planning: saving for multiple goals

Investments: accumulating assets

Taxes: early career strategies (HSA, Roth, etc)

Insurance: evaluate insurance needs

Debt: student loan debt reduction strategies

Stage 2: Attending Physician

attending physician Goal Planning: first home purchase

Investments: portfolio management

Taxes: strategies for higher income

Insurance: disability, life, malpractice, umbrella

Benefits Package: maximize value

Stage 3: Mid-Career Physician

mid career physician Goal Planning: evaluate early retirement

Investments: alternative strategies

College Planning: education funding for children

Risk Management: creditor protection

Estate Planning: foundational documents

Stage 4: Pre-Retirement Physician

pre retirement physician Practice Transition: evaluate selling options

Investments: reduce portfolio risk

Insurance: evaluate long-term care

Retirement Planning: optimize plan for success

Estate Planning: trusts and gifting strategies

Stage 5: Retired Physician

retired physician Goal Planning: retirement home purchase

Investments: portfolio decumulation strategies

Taxes: Roth conversions

Retirement Planning: Social Security and Medicare timing

Estate Planning: estate tax mitigation strategies

What you'll get from your consultation:

1. Answers to Your Most Pressing Financial Questions

Our experts will listen to your concerns and shed some light on potential solutions.
Insight on how other physicians have addressed similar issues and how it can impact your overall financial plan.

2. Comprehensive Financial Planning Roadmap

A directional breakdown of what needs to be done to optimize your financial situation across all major planning areas.
Insights on strategies that could help you more efficiently reach your goals.

3. Portfolio Review

A thorough review of your current portfolio relative to the current economic backdrop.
Insights on how your investments are aligned with your financial and life goals.

Courtesy of MDCMA, this consultation is offered at no cost to you.

Having been an Altfest Personal Wealth Management client since 2005, my wife and I have relied upon Altfest for financial advice as our concerns and needs changed and most importantly, for trustworthy management of our funds.

Although growth of our financial assets is important, we also value our Altfest relationship knowing our funds have been responsibly managed while we engaged in raising our children, caring for family and performing our best at our careers. Having a trustworthy partner to manage our finances has freed us for other important matters, even having fun!

As we are medical professionals not financial professionals, working with Altfest has improved our financial wellbeing by helping us avoid missteps in various areas of personal finance. As we approach retirement, we have engaged more closely with Altfest and have found the Altfest firm available, interactive, and able to leverage their financial planning expertise to help us meet specific objectives.

The Altfest firm has provided consistent excellent support throughout our relationship, and we have accomplished more with Altfest as our trusted partner than we could have alone.

Dr. Henry Bodenheimer, Jr.

I would rate my experience with Altfest as excellent.

I like their approach to investment in a value-oriented way. I also like the fee only investment style (i.e., they do well if I do well). Altfest has helped me with my financial wellbeing in several ways.

They have helped me ride out the various market swings over the past few decades with both professional reassurance and having me in investments that we're less risky and less susceptible to big market swings.

They have also been a big help in terms of retirement and tax planning. The firm has many physicians as clients and has a good understanding of financial and professional issues that are unique to the medical field.

Dr. Curtis Appel

Assistant Professor, Department of Obstetrics and Gynecology

Montefiore Medical Center

My wife and I have been clients of Altfest Personal Wealth Management for over 13 years. During that time, our experience with their team has been excellent.

They have always been thoughtful, caring, and pro-active in addressing our investment and financial planning needs. We have complete confidence in Altfest’s ability to prudently manage our investment portfolio to meet our needs.

I recommend Altfest Personal Wealth Management without reservation to other physicians and their families that are in search of a capable advisor that is dedicated to serving them throughout their career and beyond.

Dr. Richard Polin

Professor of Pediatrics at Columbia University, College of Physicians and Surgeons

Disclosure:

Altfest Personal Wealth Management is a Registered Investment Advisory firm registered with the United States Securities and Exchange Commission, Washington, D.C. In addition, the firm maintains a “Notice Filing” with the states of New York, New Jersey, Connecticut, Arizona, California, Florida, Illinois, Louisiana, Maryland, Massachusetts, New Hampshire, Pennsylvania, Texas, Vermont, and Virginia. Altfest Personal Wealth Management may not provide investment advisory services to any resident of states in which the firm does not maintain a notice filing. The presence of this website on the Internet shall in no direct or indirect fashion be construed or interpreted to suggest that the firm is offering to sell or soliciting to provide investment advisory services to residents of any state or states in which the firm is not maintaining a notice filing.

Investment advisory services provided by Altfest Personal Wealth Management (“APWM”). All written content on this site is for information purposes only. Opinions expressed herein are solely those of APWM, unless otherwise specifically cited. Material presented is believed to be from reliable sources and no representations are made by our firm as to another parties’ informational accuracy or completeness. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation.

All investing involves risk, including the potential for loss of principal. There is no guarantee that any investment plan or strategy will be successful.

All of the testimonials above are from current Altfest clients, and no compensation has been given for their statements. Clients are listed with permission and have been selected based on their willingness to share a few positive words about their experience with Altfest. Every client experience will differ. Future results cannot be guaranteed.

MDCMA Financial Planning

Powered by Altfest Personal Wealth Management

4 Steps Toward Your Retirement Success

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What are your colleagues saying about Altfest?

Having been an Altfest Personal Wealth Management client since 2005, my wife and I have relied upon Altfest for financial advice as our concerns and needs changed and most importantly, for trustworthy management of our funds.

The Altfest firm has provided consistent excellent support throughout our relationship, and we have accomplished more with Altfest as our trusted partner than we could have alone.

I would rate my experience with Altfest as excellent.

I like their approach to investment in a value-oriented way. I also like the fee only investment style (i.e., they do well if I do well). Altfest has helped me with my financial wellbeing in several ways.

They have helped me ride out the various market swings over the past few decades with both professional reassurance and having me in investments that we're less risky and less susceptible to big market swings.

They have also been a big help in terms of retirement and tax planning. The firm has many physicians as clients and has a good understanding of financial and professional issues that are unique to the medical field.

My wife and I have been clients of Altfest Personal Wealth Management for over 13 years. During that time, our experience with their team has been excellent.

They have always been thoughtful, caring, and pro-active in addressing our investment and financial planning needs. We have complete confidence in Altfest’s ability to prudently manage our investment portfolio to meet our needs.

I recommend Altfest Personal Wealth Management without reservation to other physicians and their families that are in search of a capable advisor that is dedicated to serving them throughout their career and beyond.