The Plan For You
OMA Insurance has identified four phases of the typical physician lifecycle that are relevant for shaping your retirement plans over your lifetime, and built the Advantages Retirement Plan™ to meet you at every step of your journey:
- Getting started: Students approaching residency, residents, fellows, or physicians new to independent practice
- Getting serious: Physicians who have been practicing independently for 3 years or more
- Getting ready: Established physicians who are in the last decade or so of working full time
- Approaching and in retirement: Physicians who are settling into life at a different pace as they transition into full retirement and enjoy this new phase
Underpinning each of these four stages is the reality that most physicians do not have the backstop of a defined benefit or other employer-sponsored pension plan. As a result, many must find ways to convert the career investment they’ve made into financial capital that will last a lifetime. The Advantages Retirement Plan™ can help you create retirement income strategies that incorporate an understanding of physicians’ financial realities and desires by life stage. And of course, we’ve made the plan available to spouses/common-law partners, too.
Educational articles and tools have been integrated into the plan’s online platform to help you prepare for your retirement. You can also seek additional education and support from the OMA Insurance team.