Financial Planning for Therapists

We are a wealth advisor serving the Morristown, New Jersey area and beyond. Many of our clients are mental health professionals, therapists in private practice, and mental health group practice owners. 

We have specialized knowledge of:

  • Financial planning for therapists
  • Financial tips for group practice owners
  • Retiring from your private therapy practice
  • Setting up a retirement plan for your group practice

We are the creators of the “Wealth on the Couch” Financial Planning Session for therapists and group practice owners.

Having anxiety about money isn’t something that most therapists are consciously aware of.

In your “on the couch” financial planning session, you will:

  • Explore your inner feelings and thoughts about your wealth, and gain clarity about how they may be influencing your behavior
  • Learn financial techniques for better managing the financial stresses that may be materializing in your life, relationships, and your career as a therapist
  • Create a self-aware financial plan to help you maintain better habits and make smart money decisions in the future

If you are starting a private practice, we may additionally:

  • Provide guidance as to how to pay yourself in a private practice, if you are in the process of starting one.
  • Offer financial planning and financial tips for starting a private practice

Just like you would never watch a few episodes of Oprah or Dr. Phil and consider your worries handled, these sessions are designed to bring wholeness to your financial life through the guidance of a licensed professional who is well versed in the financial challenges of mental health professionals, therapists, and private practice owners.

To book your Wealth on the Couch session or learn more about financial planning for therapists and private practice owners, contact us.

Sign up here to be notified when we publish a new article on the Psyched Up About Money Blog! This newsletter is exclusively focused on financial planning tips for therapists, mental health professionals, and private practice owners.

Psyched Up About Money Blog

What a Psychiatrist should do 10 years before retirement

June 20, 2024 Psyched Up About Money
Reading Time: 3 minutesPsychiatrists and other mental health professionals tend to have mixed sentiments about retiring. While they would love to have more time to spend outside of work, ...

What roadblocks should I avoid when selling my psychiatry business

May 31, 2023 Psyched Up About Money
Reading Time: 3 minutesOften there’s not much said about selling a psychiatry practice. As financial advisors for therapists, we encourage you to avoid getting caught off guard as there ...

A guide to retirement for private practice psychiatrists

October 26, 2022 Psyched Up About Money
Reading Time: 4 minutesAs a private practice psychiatrist, you wear many hats: you’re a physician, a counselor, a business owner, and a person who goes home and goes to ...
This blog talks about closing a therapy practice.

The finance aspects of closing a therapy practice

May 18, 2022 Psyched Up About Money Retirement
Reading Time: 7 minutesOf all aspects of being a mental health professional, there is little said about the financial aspects associated with closing a therapy practice. In this blog, ...

When do therapists retire (and how?)

March 8, 2022 Psyched Up About Money
Reading Time: 5 minutesOne of the more common questions we get when providing financial planning for therapists in our practice is the question of when therapists retire.  There’s a ...

How to expand your therapy practice to another state! Interview with Margarita Khosh

May 4, 2021 Psyched Up About Money
Reading Time: 4 minutesWelcome back to the Psyched Up About Money blog. In this interview with Margarita Khosh of MK Medical Solutions, we discuss the important points about how ...
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