Broker Check

Services

Why WisMed Financial?

Created by & for physicians

We understand your unique needs and challenges.

As a company owned by the WI Medical Society, our profits support the continued work of the Society on behalf of the physician members.

Independent & Fiduciary

We are independent. We do not represent a brokerage firm or insurance company.

As a fiduciary, we are obligated to do what is in your best interest at all times.

Expertise

 “Being a CERTIFIED FINANCIAL PLANNER™ [professional] is largely considered the gold standard in financial planning.”  - US News & World Report, Jan. 31, 2019

No Commissions

There are no commissions or revenue sharing.  As fee-only advisors, we are paid by you, period.

Typical Services by Career Phase

<br data-mce-bogus="1">Our service changes through each phase of your career, family stage, and life.


Our service changes through each phase of your career, family stage, and life.

Typical services by career phase

Resident

Attending

Retiring / retired

Employer

Managing student loans & paying off consumer debt

Yes

 

 

 

Budgeting and emergency fund

Yes

 

 

 

Prioritizing where to save 1st, 2nd, etc.

Yes

Yes

 

 

Life and disability insurance advice and referral to agent

Yes

Yes

 

 

Retirement projections

 

Yes

Yes

 

Children and grandchildren education planning

 

Yes

Yes

 

Investing after student loans paid

 

Yes

Yes

 

Tax planning

Yes

Yes

Yes

 

Full estate plan documents with attorney or document service

Yes

Yes

Yes

 

Investment management

 

Yes

Yes

 

Retirement income from investments

 

 

Yes

 

Social Security timing

 

 

Yes

 

Long-term care planning

 

 

Yes

 

Pension options

 

 

Yes

 

Health insurance / Medicare planning

 

 

Yes

 

Employer sponsored retirement plan such as 401(k)

 

 

 

Yes

Employee financial education

 

 

 

Yes

 

 

Sample Year of Service


Case Studies

Tax Planning

Tax Planning

A couple with high taxable income had been missing opportunities to reduce their tax bill.  Their tax preparer, like many, focused on what happened the prior year, rather than providing tax advice about the upcoming year.  In working together, we helped them to:

  • Shift the location of their holdings to expand the tax free part of their portfolio
  • Implement a charitable strategy that allowed them to claim a larger itemized deduction
  • Defer income to a lower tax year
Learn more
Estate Documents

Estate Documents

A married couple had children at home, but did not have an estate plan.  We worked together to:

  • Identify a guardian for their children, personal representative, and agent to make financial and healthcare decisions if they could not
  • Create wills, trust, and other documents using a respected estate planning service
  • Update their accounts to coordinate with their new estate plan 
Learn more
Investing

Investing

A couple wanted to improve their portfolio.  With retirement starting, they would now rely on their portfolio for income.  Together we:

  • Found and reduced excess risk
  • Increased dividend and interest income
  • Reduced excess fees and expenses
  • Improved long-term expected returns
Learn more
Retirement

Retirement

A physician and her husband were contemplating retirement.  Together we determined:

  • The optimal Social Security timing for each spouse
  • Whether to be insured by original Medicare with a supplement or a Medicare Advantage plan
  • How much income their assets could generate in retirement
  • How to reallocate their portfolio for secure retirement income
Learn more

Next Step

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