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Getting Doctors to Focus on Retirement With Free Financial Advisor Consultations

Commentary on 401kTV video and article by Timothy Kelly

Keeping physicians on track with retirement planning can be a challenge, but they can be persuaded to pay attention with a little enticement, according to 401kTV.

Picking a Plan is One Thing. Picking Investments…

It’s not hard to get doctors to choose a provider, Jenna Arruda, an HR business partner at Plexus Management Copr., a healthcare consulting firm, tells the publication.

But with their busy schedules, it’s hard to get physicians to focus on going through with the enrollment process, choosing their investments and meeting their contribution schedules, she tells 401kTV.

Doctors also aren’t very likely to show up at group meetings, according to the publication. To change their minds, however, Arruda’s group entices them with a free consultation with a financial advisor, 401kTV writes.

Despite many doctors already working with a financial advisor, they’ll consider such a meeting, either face to face or over the phone, sometimes with their accountant in tow, according to the publication.

Doctors appreciate the personal touch of these meetings, while advisors are interested in tapping such lucrative prospects, 401kTV writes. In addition, working with an HR manager means advisors may end up consulting with other employees as well, according to the publication.

Another way to keep physicians focused on their retirement planning is to offer round-the-clock online or phone access to their accounts, according to 401kTV.

Just don’t make physicians fill out paperwork, the publication writes. They hate it as much as Millennials, according to 401kTV.

Source: 401kTV

Posted by: The Wealthy Doctor

Permalink: http://wealthy-doctor.com/getting-doctors-to-focus-on-retirement-with-free-financial-advisor-consultations

Getting Doctors to Focus on Retirement With Free Financial Advisor Consultations - overview

Summary: Keeping physicians on track with their retirement planning can be a challenge, but they can be persuaded to pay attention with a little enticement, according to 401kTV.

Picking a Plan is One Thing. Picking Investments…

It’s not hard to get doctors to choose a provider, Jenna Arruda, an HR business partner at Plexus Management Copr., a healthcare consulting firm, tells the publication.

But with their busy schedules, it’s hard to get physicians to focus on going through with the enrollment process, choosing their investments and meeting their contribution schedules, she tells 401kTV.

Doctors also aren’t very likely to show up at group meetings, according to the publication. To change their minds, however, Arruda’s group entices them with a free consultation with a financial advisor, 401kTV writes.

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