Debt management solutions tailored for physicians
Personalized advice on optimizing your debt management strategy
Learn about debt forgiveness programs for physicians
Help prioritizing debt repayment while funding other financial goals
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What’s Included
Use Debt to Your Advantage
We help you strategize the best way to manage your debt.
Debt Review and Evaluation
We analyze your current debts to identify opportunities for improving your rate, terms, tax implications / deductions, and to improve or reduce your debt.
Debt Payoff Strategies
We help you evaluate which options will reduce your debts more quickly and efficiently so you can direct that capital to other priorities.
Public Student Loan Forgiveness
We weigh the tradeoffs inherent to PSLF and choose the option that makes the most sense for you over the long term.
Strategic uses of Debt
Whether you own your own practice or are looking at investing in other opportunities, debt can be a helpful tool to achieving your goals. We look at when that makes sense and how to choose your strategy.
Our Approach to Debt Management
Given physicians’ extended educational and training periods, managing large amounts of debt is common among doctors. The Association of American Medical Colleges reported that the median medical school debt among the Class of 2021 was $200,000, not including their undergraduate debt.
With sound guidance and advice from Forme Financial’s advisors, physicians can avoid the dangers of debt and use it wisely to achieve their professional and financial goals.
Unlike other segmented services, we have a 360° view of your wealth.
That means we can deliver the most comprehensive, optimized debt management plan—personalized to every aspect of your financial life.
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Why our clients love
Forme Financial.
Testimonials from physicians like you.
“What [Forme] saved me more than paid for their management fee – which was also lower than I was paying my prior advisor. I sleep better at night knowing I have exceptional expertise and care just like what I provide to my patients, all in one place.”
— Dr. William S. Internal Medicine.
“So far Forme has been exactly what I hope they’d be. I was nervous out of training since I had no financial skills to speak of and mountains of debt. They have made it easy for me to generate a plan and know where my money is going. I am genuinely excited about the future with Forme and love nerding out on all the data they provide.”
— Dr. Joshua C., Urologist
“As a dermatologist I am super busy, so it's difficult to keep up with my financial matters. Forme does most of the work for me, freeing up invaluable time and coordinating all the interconnected facets of my net worth with such ease.”
— Dr. Frank S., Dermatologist
No one does it like Forme Financial.
360° Wealth Management
We’re the first wealth management firm built specifically for physicians—and we have a concierge service that prioritizes your schedule & needs.
Expert
Advisors
All of our advisors are highly knowledgeable, credentialed fiduciaries who deliver unified advice across each area of your financial life.
Guaranteed Satisfaction
We’re committed to bringing you the highest level of service. If you are not completely satisfied with our efforts, we will refund your advisory fee.
Which debts should I pay off first?
If you have multiple outstanding loans with similar interest rates, you may want to consider applying extra funds to the lowest balance debts first. As you pay off each debt add that payment to the next one in line, helping you to pay off all your debts faster. However, if your loans have a wide range of interest rates, consider applying extra funds to the highest balance loans first to help minimize your total interest costs. To determine a strategy best-suited to your needs, evaluate your repayment options with the help of Forme Financial.
Should I pay down debt or invest?
This is one of the most frequent questions we get, especially from new attendees. Yet, there is not a single right answer. Paying down debt builds net worth. And so does investing. We encourage physicians to focus on maximizing the amount of their income that goes towards building their wealth. By making this the priority, physicians have more options to both pay down debt AND invest. Learn more (https://www.formefinancial.com/insights/debtorinvest) or start a conversation with a Forme Financial advisor.
For mid-to-late-stage physicians, what are optimal debt levels?
For physicians who are 15–20 years away from retirement, consider targeting debt not to exceed 35% of total assets. For example, if a 50-year-old physician has $2 million in assets, their total outstanding debt should be $700,000 or less. This ratio is merely a guideline. A physician’s optimal debt level is ultimately driven by their attitudes toward debt, capacity to repay, availability of good credit, and overall debt tolerance—which are all factors Forme Financial can help you assess.
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Looking for financial tips and insights curated specifically for physicians? You'll find it in our monthly newsletter, written by our Forme Financial wealth management experts
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