Do you work at Piedmont Healthcare?
Get expert insights from financial advisors who specialize in helping Piedmont Healthcare employees make the most of their compensation package and benefits.
Looking for a financial advisor who specializes in working with Piedmont Healthcare employees? You’re in the right place. Below, you’ll find advisors who understand Piedmont Healthcare benefits and compensation — along with their answers to common financial questions from Piedmont Healthcare employees.
Whether you recently joined Piedmont Healthcare or you’ve advanced into a leadership role over a multi-year career, making smart decisions about your income and Piedmont Healthcare benefits can have a lasting impact on your financial future. For example:
✅ Do you know the right moves to get the greatest value from the Piedmont Healthcare benefits available to you?
✅ If you’re thinking about leaving Piedmont Healthcare for another job or planning to retire in a few years, are you taking the right steps today to receive all the compensation and benefits you’ve earned?
Key Takeaways
Piedmont Healthcare Physicians Can Choose Benefits That Lower Student Loan Payments
Selecting the right mix of benefits can reduce payments under an income-driven repayment plan while pursuing Public Service Loan Forgiveness, then shift toward investing as net worth grows.
Own-Occupation Disability Coverage Is Essential for Piedmont Physicians
A long-term disability policy should include an own-occupation rider that covers your specific specialty, or benefits could stop when you can work in a different role.
Coordinate the 401(k), FSA, and Dependent Care FSA to Lower Taxes
Pre-tax contributions to all three reduce taxable income, one of the biggest challenges for highly compensated Piedmont employees.
Why Piedmont Healthcare Employees Work with a Specialist Financial Advisor
Throughout the year, Piedmont Healthcare provides its employees with updates about their benefits, ranging from health insurance and health savings accounts to retirement plans like a 401(k) — along with flexible spending and dependent care accounts. While the health system offers many useful resources and access to knowledgeable staff who can assist with questions, you’ll also find financial professionals not affiliated with Piedmont Healthcare who specialize in helping Piedmont Healthcare employees make the most of their income and benefits.
Piedmont Healthcare is headquartered in Atlanta, Georgia, and operates hospitals and hundreds of physician practices across the state. Whether you work at a hospital, a clinic, an administrative office, or remotely from home, you may have questions about your compensation package and benefits better suited for a financial professional who can offer unbiased advice and guidance.
Sensitive topics — like the steps you should take before quitting your job at Piedmont Healthcare to work elsewhere, protecting yourself in advance of a corporate layoff, or deciding when you should plan to retire — are all conversations that may be more comfortable with a trusted financial advisor.
Should You Hire a Piedmont Healthcare Specialist or a Local Financial Advisor?
You’ll likely find dozens of nearby financial advisors well-suited to help you reach your money goals with a personalized plan. But it can be harder to find a financial advisor who specializes in serving Piedmont Healthcare employees. Fortunately, many financial advisors offer virtual services, so you can meet online no matter where you (or they) live — which means you can hire a specialist financial advisor who lives hundreds of miles away if their knowledge and experience working with Piedmont Healthcare employees is the better fit for your unique needs.
💡 In the Q&A below, you’ll gain insights from financial advisors who work with Piedmont Healthcare employees to help them make smart decisions, get the most value from their compensation and benefits, reduce their money stress, and prepare for a comfortable retirement.
🙋♀️ Have a question not yet answered? Use the form below to submit your question. You can also contact financial advisors directly to set up an introductory call or contact them with your questions.
Q&A: Financial Planning Tips for Piedmont Healthcare Employees
In this section, you’ll learn how you can make the most of your Piedmont Healthcare employee benefits and gain valuable tips from financial advisors who specialize in working with Piedmont Healthcare employees.
Financial Advisor Q&A · Piedmont Healthcare Employees
Cecil Staton, CFP®
Arch Financial Planning · Watkinsville, GA · Serves clients nationwide
Financial Planner in Athens, GACecil Staton is a financial advisor based in Athens, Georgia, who specializes in offering financial planning services to Piedmont Healthcare employees. Cecil helps his clients get the most value from their Piedmont Healthcare benefits and compensation package so they can enjoy life and feel confident about their financial future.
QAs a financial advisor with experience helping Piedmont Healthcare employees save for their retirement, how do you help them make the most of their employee benefits?
Early career Piedmont Healthcare physicians strive to optimize their cash flow while repaying their student loans or going for Public Service Loan Forgiveness (PSLF). Selecting the appropriate mix of Piedmont Healthcare benefits may help lower their student loan income-driven repayment plan and cover their personal needs. We walk through every client’s individual financial situation to determine the optimal mix of benefits. As Piedmont Healthcare physicians start a family and grow their net worth, we guide them in selecting the optimal asset allocation for their 401k plan. The Piedmont physician’s 401k and other investment accounts should work together to help them achieve their goals.
Piedmont Healthcare Benefits Open Enrollment Guide 2022 – Arch Financial Planning
QWhen you first speak with a Piedmont Healthcare employee, what questions do you like to ask to better understand their unique circumstances and determine how you can best help them achieve their goals?
The first question I always ask is, “why did you reach out to a financial planner today?” The answer usually involves student loans and making sense of their financial situation as new attending physicians. After we’ve reviewed their student loan repayment strategy, we dive into the physician’s questions around cash flow. As an attending physician, your income significantly increases, and we create a savings plan to achieve their goals together.
QWhat are some of the unique financial planning challenges you commonly see among your clients who are Piedmont Healthcare employees, and how do you help them overcome these obstacles?
Physicians employed at Piedmont must ensure they have adequate disability insurance. A long-term disability insurance policy covers a loss of income when you can’t practice medicine while disabled. The long-term disability policy should cover your loss of income through an “own-occupation” rider. Without this rider, your disability policy could stop payment when you could return to work but may not be in the same role you held before being disabled. In addition, your specialty as a physician should be explicitly covered by the own-occupation rider of your disability policy.
QWhat questions do you recommend Piedmont Healthcare employees ask financial advisors they’re considering hiring to help them decide if they’re a good fit?
Physicians have unique financial challenges that many advisors aren’t adequately trained to advise you. Here are a few questions to ask:
- Do you have expertise and training in student loans?
- Do you work exclusively with dentists, physicians, and other white coats?
- Are you a fee-only advisor that doesn’t earn commissions from selling life insurance or annuities?
Many physicians employed by Piedmont Healthcare are aggressively sold permanent life insurance policies, such as whole life insurance. These advisors are just life insurance salesmen that can call themselves advisors. These expensive life insurance policies are usually sold because they earn a higher commission than a more appropriate term life insurance policy.
QFor highly compensated Piedmont Healthcare employees and executives, are there any special benefits you believe it’s important to take into consideration when preparing their financial plan?
Lowering taxes for highly compensated employees of Piedmont Healthcare is one of the biggest challenges. Selecting the optimal benefits usually means coordinating their 401k contributions, FSA contributions, and dependent care FSA contributions. These accounts allow you to contribute on a pre-tax basis, thus lowering your taxable income. The 401k funds are invested for retirement, while the pre-tax FSA contributions reimburse healthcare and dependent care expenses.
QIs there a particularly memorable experience or a moment you recall with a client who worked at Piedmont Healthcare when you realized they have unique opportunities and circumstances when it comes to their financial planning needs?
After coordinating the physician’s student loan repayment, savings plan, and insurance plan to cover the physician’s family, I noticed a sigh of relief. The confidence in their financial journey allowed them to maximize their time outside of their clinical work at the hospital. The financial peace of mind gained from working with a financial planner that genuinely understands your unique challenges is always a memorable moment.
Financial Planning for Doctors with Student Loans – Arch Financial Planning
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About the Author
Brian Thorp
Founder & CEO, Wealthtender · Editor-in-Chief
Brian Thorp is the founder and CEO of Wealthtender and serves as Editor-in-Chief. With over 25 years in the financial services industry — including nearly 22 years at Invesco, where he led strategic partnerships with wealth management firms representing more than $100 billion in assets — Brian founded Wealthtender to help people find financial advisors they can trust and make more informed money decisions.
A member of the National Society of Compliance Professionals and its SEC Marketing Rule Working Group, Brian was recognized by WealthManagement.com as one of its “Ten to Watch in 2024” for his work reshaping how financial advisors market their services. He holds a B.B.A. in Finance from The University of Texas at Austin.
Brian and his wife live in Austin, Texas.