CASE STUDY
Dr. Arthur Fillmore
Place of Employment : Fillmore Family Medicine
Specialties : Family Medicine, Internal Medicine & Preventative Medicine
Family Physician Ready to Retire
With over 30 years of experience in family medicine, Dr. Arthur Fillmore began his career at a joint practice from 1989-1999 and successfully opened his own private practice, Fillmore Family Medicine, shortly thereafter. In 2015, his oldest daughter joined him at FFM, bringing peace of mind in knowing the family business would be left in good hands.
Dr. Fillmore came to Physician Financial Planning with a clear-cut goal to work three more years before stepping down for good. We prepared a plan for him to solidify his investment portfolio with low-maintenance, high-payout investments like commercial rental properties, and assisted him in budgeting for his retirement years without missing out on any of his accustomed living expenses.
About Arthur Fillmore
Dr. Arthur Fillmore is a 1989 med school graduate of the University of Tennessee at Knoxville and a practitioner of family/internal medicine. After ensuring his career was well-established from ten years at a joint practice, he opened his own practice, Fillmore Family Medicine, in 1999.
Our Strategies
We helped Dr. Fillmore to organize and budget for investments that will supplement his already established retirement fund. Strategies to help him in his retirement include ongoing budget monitoring and management, investing in low-maintenance properties, and tax minimization. We’re also currently helping Dr. Fillmore to develop his legacy plan.
The Conclusion
Short - Term Goals
- Tie up loose ends to make Fillmore Family Medicine hands-off, yet still beneficial
- Set up investments that require little upkeep
- Create a retirement budget
Long - Term Goals
- Be financially independent of Fillmore Family Medicine, relying solely on savings and investments
- Sell rental properties at market peak
- Plan and leave a financial legacy
Goal Results
- Investments chosen for retirement
- An advisor dedicated to ongoing retirement budget management
- Taxes minimized and diminished
- Legacy plan instated
Note: The above case study is hypothetical and does not involve an actual Physician Financial Planning client. No portion of the content should be construed by a client or prospective client as a guarantee that he/she will experience the same or certain level of results or satisfaction if Physician Financial Planning is engaged to provide investment advisory services.
Physician Financial Planning helped me smoothly transition into the next important stage of my life with in-depth retirement planning and the solidifying of my legacy to ensure my family’s future and security.
