Fee-only financial planning · SEBI Registered Investment Adviser

Financial Planning for Doctors and Professionals

A doctor often starts earning properly in the early thirties, after years of training, then earns well but unevenly: consulting fees, a practice, surgeries that come in blocks. Money piles up in a savings account between busy months, there is no employer provident fund, and decisions about a clinic or equipment loan compete with the family's goals. The same is true for many lawyers, chartered accountants and consultants.

What is different about planning for a professional

A late start and a short runway

Years of study delay the first real income, so retirement and children's goals have fewer years to compound. The plan works out what each goal needs from today and how much of the monthly surplus has to go to each, so the late start is made up deliberately rather than by hope.

Income that arrives unevenly

When income comes in blocks, a monthly saving amount is hard to keep and money waits in a savings account. The plan sets a base monthly saving the practice can always meet, and a rule for what to do with each good month.

No employer to save for you

Self-employed professionals have no employer provident fund, gratuity or group cover. Retirement, health cover and life cover have to be built on purpose, and advance tax has to be set aside through the year rather than found at the last minute.

The practice and the family compete for the same money

A clinic, equipment or a share in a hospital can be a good use of money or a concentration of risk. The plan shows how a practice loan or investment fits with the family's goals and how much of the household's wealth should sit outside the practice.

How we plan for doctors and professionals

  1. A cash-flow plan built on a conservative base income, with a written rule for surplus months.
  2. Goals with amounts and dates, and the monthly saving each needs, adjusted for the late start.
  3. Retirement built from your own savings, since there is no employer fund, with a target corpus and a glide path.
  4. Health and life cover sized for the family and the practice's loans, reviewed against what you already hold.
  5. A view on practice loans and investments in the practice against the family's other goals.
  6. A review after six months and email support through the year, at times that suit a clinic schedule.

See what a finished plan looks like, section by section

What the engagement includes

₹15,000 for the first year, including GST, per couple with dependent children. Parents' health cover is reviewed as part of the plan; their own goals and investments are not. Renewal is ₹7,500 a year, including GST.

  • A free discovery call of up to 30 minutes, then a data sheet and risk-profile questionnaire.
  • A written financial plan within 2 weeks of your approving the initial analysis, walked through on a video call.
  • A review after six months and email support for the whole 12 months.
  • Advice only: you keep control of your accounts and investments. No commissions, no percentage of assets, no products sold.
  • Not included: income-tax return filing, direct stock tips, cryptocurrency, PMS or other complex products, or holding your money.

The plan and the fee in detail · How the engagement runs · All questions

Questions doctors and professionals ask us

Can the calls work around my clinic hours?

Yes. Everything happens on video and email, so calls can be booked early in the morning, in the evening or on weekends from the slots shown when you book.

My income changes every month. Can I still follow a plan?

Yes. The plan is built on a base income the practice reliably earns and adds a rule for what to do with the surplus in good months, so it holds up in a slow month.

Do you file my taxes or advise on the practice's accounts?

No. Income-tax return filing and business accounting are not included. The plan does set aside money for advance tax and works with the figures your chartered accountant prepares.

Do you recommend where to invest the practice's surplus?

The plan sets out the equity and debt mix for each goal and tells you what to do with what you already hold. We do not recommend direct stocks and do not sell any product.

What does the plan cost?

₹15,000 for the first year and ₹7,500 a year to renew, both including GST, per couple with dependent children. The fee does not depend on your income or assets.

Related reading

Other guides

Investment in securities is subject to market risk. The rules described here are general and change; the plan applies the rules in force to your situation. SahajMoney does not file tax returns or give legal advice.

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