The Personal College Savings Plan™
for Medical Professionals
A customized college plan for the unique needs of medical professionals
As a medical professional you have demonstrated your commitment to
higher education. As you plan for college for your children you may have unique
needs. These could include:
- Higher expectations for your children's education
- A high degree of commitment to funding your child's
education
- Changes in income with ongoing changes in the healthcare
field
- A desire to protect your college savings in case of
professional liability issues
- Limited time to manage your important financial issues
- A need to capitalize on tax leverage
College Money is nationally recognized as a premier college financial
planning firm. We have the expertise and the experience to help you develop
your plan for college.
- Many physicians, dentists, and veterinarians have used
our services.
- We have been featured in Medical Economics, Veterinary
Economics, and Dental Economics as far back as 1994.
- We understand the unique issues faced by medical professionals,
and we design plans to fit their needs.
Your exact path depends on whether you are in crisis or planning for the long-term.
In either case, you need to explore all of the benefits available to you. These
include:
- Creditor protection
- Tax-free growth
- Tax-free distribution
- Control of investment decisions
- Control of distribution decisions
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- Preservation of potential financial aid*
- Estate tax reduction
- Medicaid planning
- Private elementary and high school options
- Students with special needs
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*Many medical professionals assume they won't qualify for any financial
aid.
The truth is, having more than one student in expensive colleges at the same
time can make need-based financial aid a reality, at least in some years. These
"pockets of aid" sometimes add up to thousands of dollars.
In addition, there are actually four types of financial aid…so even if need-based
aid isn't available, you need to explore all options.
The Personal College Savings Plan™ for medical professionals in 4 Steps:
In addition to our unique step-by-step process, we incorporate our special expertise in working with medical professionals to factor their distinctive needs into their plan.
Step 1: The College Plan Diagnostics™
You will receive a detailed evaluation of your current college plan, expected college costs, potential financial aid, and benefits that your family may want to target in a college savings plan.
Step 2: The College Action Plan™
You will receive a professionally designed plan for college savings that also helps preserve your retirement goals. It will identify the types of funding vehicles that will provide your family's desired benefits. And your Action Plan will give you the ability to implement on your own or with College Money's College Investment Plan™.
Step 3: The College Investment Plan™
An effective plan must be well implemented. You will receive recommendations on specific investment alternatives that fit your College Action Plan™. An asset allocation model will be designed to set performance expectations for your timeline and risk tolerance.
Step 4: The College Money Monitor™
Your annual update adjusts for changing family needs and evaluates money manger performance. The College Plan Diagnostics™ and The College Action Plan™ are updated and necessary changes are made to The College Investment Plan™.
College Money Can Help!
We use the proprietary tools that we have developed through 25 years of experience to help clients create each step of The Personal College Savings Plan™ for Medical Professionals.
Contact College Money to receive your free starter kit for medical professionals and learn how we can help you.
