A number of MFAS clients earn an income from two different sources. This is particularly true of doctors who may receive a salary from one source, such as their local DHB, while also drawing a salary or getting paid a dividend from their own private practice.
One of the most important commodities for any health professional is time. Let’s face it, tending to the medical needs of others takes most of the hours in your day.
I have met with a professional financial planner who has shown me that between now and me turning 65, I have the potential to earn a net income of over $4 million
Any good financial strategy must have a goal in mind. Otherwise how can you define financial success?
He was the primary income earner in his family as his wife had retired, their children ranged from young adults to 2 still attending secondary school
Dr Bill has worked hard over 25 years in practice, is a little weary and adamant that he will as least reduce his hours in the near future.
For this young lady, her focus in an otherwise very busy life, is organising her finances to meet her objectives in as simple manner as possible.
MFAS are really pleased to have a very special relationship with NZMA. NZMA Financial Services is an extension of our existing relationships with medical professionals throughout New Zealand. NZMAFS is however special in that we are offering specific benefits to NZMA members and profits from this relationship are shared with NZMA to further aid their advocacy endeavours.
If you are a partner in a medical practice or looking to become a partner, then you need a good understanding of what risk protection (if any) your partnership agreement includes, as you need to ensure your personal insurances work in conjunction with cover afforded by the business.
There were two Radiologists, one GP, and 2 UK professors (one GP and the other O&G).