Everyone wants financial security, and FSG's Financial Planning Team can help you achieve this. Whether it's investment/retirement planning, estate planning, or disability/life insurance, our team provides trusted advice with the goal of protecting and growing your assets. Contact Mike Edwards at (720) 858-6289 or Jeff Feakes at
(720) 858-6285 to learn how we can help.
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Need workers comp and employee benefits, while also considering a PEO option? We can help!
We've teamed up with
Bene-Fit Solutions to provide competitive rates for worker's comp and employee benefits, while also providing the convenience of a PEO. For more information, please contact
Mitch Laycock or
John Kaufman.
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Does Your Office Have Temperature Reliant Drugs, Vaccines, or Injectables? |
It is likely your practice is insured for loss of vaccines, temperature reliant drugs, and injectables in the event of a fire or sewer/water line backup, but what about equipment breakdown or power outages? If you have a large amount of temperature reliant items, you may want to consider a stand-alone spoilage policy.
Schedule a complete insurance summary review to be certain your vaccines and drugs are appropriately valued and covered. The average daily replacement value of these items should be included in your overall business personal property limit. For more information about handling guidelines, review the Centers for Disease Control and Prevention's
Vaccine Storage and Handling Toolkit.
An overall insurance review will also identify any gaps in your business insurance and workers' compensation coverage and can reassure you that your policies are the best for your situation. Contact
Mitch Laycock at (720) 858-6297 for more information or to schedule a complimentary consultation.
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Caregiving Stressors and Solutions |
Many of us either have or will support and care for a loved one during our lifetime. Serving as a caregiver can be a great honor, but it can also present challenges. According to a 2018 Securian Financial survey, 8 in 10 caregivers had a positive caregiving experience. But caring for a family member is a life balancing act and can be stressful, especially if you're "sandwiched" between providing care for your children and parents.
More than half of U.S. eldercare providers are 45 years old or older. The financial impact on caregivers can be especially challenging, and they may overlook the need to plan for their own future care.
Read the article Stuck in the Middle, Feeling the Stress, from Securian Financial to learn how to anticipate and plan for your health care costs down the road so you can protect your nest egg and help your future caregivers feel less caught in the middle.
Contact
Mike Edwards
at (720) 858-6289 for more information on how to responsibly plan for the likelihood of becoming a caregiver.
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Securities and Investment Advisory Services offered through Woodbury Financial Services, Inc., Member FINRA, SIPC and Registered Investment Adviser. COPIC Financial Service Group and Woodbury Financial Services, Inc. are not affiliated entities.
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Does Your Practice Offer Life and Disability Insurance as a Group Benefit? |
Income protection, otherwise known as Long-Term Disability Insurance (LTD), is a benefit that is increasing in popularity for groups that want to strengthen their benefit package offerings.
The advantages of LTD insurance are the following: it is guarantee issue (no medical underwriting), it will not offset your physicians individual policies, and it provides a valuable benefit should someone become seriously injured. Group life insurance is also guarantee issue and is easily added to your benefit package. Group life and disability policies are typically available for businesses with at least five full-time employees.
FSG can help you find a plan option that is best suited for your practice's needs. C
ontact
John Kaufman
at (720) 858-6287
for more information about group benefit options.
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5 Financial Mistakes and How to Avoid Them |
Physicians are among the highest-earning and best-educated professionals in the country, but the combination of education and income does not prevent personal financial mistakes. And because physicians typically don't start earning until their late 20s or early 30s, later than most professionals, they have less time to accumulate wealth or to recover from errors.
Be aware of these five financial mistakes that medical professionals are more susceptible to:
- Lack of planning: Ensure a comfortable lifestyle by strategically developing a long-term plan.
- Mishandling student loan debt: The average medical student in 2016 graduated with $190,000 in debt. It's important to start making payments right away and be mindful of available loan repayment options.
- Expanding lifestyle too quickly: Young physicians should consider giving themselves a "raise" of $60-90K over their earnings as a resident and live within that budget for a period of time. The rest of the money should go to debt and savings.
- Taking out a physician mortgage loan: Lenders have started offering special terms for physicians looking to purchase a home, but the loans often come with higher interest rates. Be wary of taking on too much debt too soon.
- Not planning for retirement: Simultaneously repaying student loan debt and saving for retirement can seem contradictory, but a financial planner can help find options for a balanced future.
Learn more about these common financial mistakes and ways to avoid them by reading the full article from Medical Economics.com. And contact Jeff Feakes at (720) 858-6285 to make sure you're not veering off the path to financial success.
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Securities and Investment Advisory Services offered through Woodbury Financial Services, Inc., Member FINRA, SIPC and Registered Investment Adviser. COPIC Financial Service Group and Woodbury Financial Services, Inc. are not affiliated entities.
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Even if you are not currently in the market for insurance products, we are always available to assist you in getting the best coverages at the best prices. Call us at (720) 858-6280!
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