Retirement

Regardless of how 2020 may have gone for you, the great news is that you have the choice to make 2021 your best financial year yet.

Without the proper tax planning strategies in place, a physician could face some costly and unwanted surprises.

Closing a practice for retirement is a hard decision as it is-here are tips to make closing your doors smoother.

High incomes do not guarantee smart money management.

Do not wait for current uncertainties to subside to begin your plans.

Maximize your business’ bottom line for ease later in life.

Retirement plans, anticipating industry changes, and more.

Five questions to ask yourself as you plan for retirement.

Even if retirement is a few years down the road, it’s important to work with a financial adviser to discuss where you want to go, what you want to do and how much money you need to make those plans a reality.

For many, retirement will be a long process of gradually winding down work hours and responsibilities rather than a firm date.

Travel dreams to exotic locales shouldn’t be reserved for the retired. Instead of putting off travel until retirement, splurge on some exciting trips now-while you have the interest, energy, and stamina to enjoy every single moment.

Consider buying your medical office building as a way to improve retirement savings beyond 401(k) contributions.

Some physician readers are hesitant to retire no matter the age, due to their everlasting drive to care for others.

A continued look at a two-physician couple and the multi-million dollar difference a complete risk-management planning update made to their family.

When do you plan on hanging up your stethoscope for good? Will it be your choice or your employer's choice?

When you plan for retirement, you'll find that owning your practice has a lot more benefits than being employed.

What should physicians be wary of when looking at their investment portfolio in retirement? Here are a few possible trouble spots.

Pilots hang up their wings at the age of 65. Other professions are asked to leave early as well. Is it fair to require the same of doctors?

How can you make sure your money keeps working for you in retirement? Here are some strategies for investment in the latter years of your life.

How can you reduce taxes if you run a practice? Funding a retirement plan with pretax dollars, an HSA, and more can get you started

While people don’t often use home equity, it can be a “buffer” if things go poorly. Here are a few ways to use it as an asset.

With a large number of physicians planning to retire in the next few years, it will be important for them to plan ahead before hanging it up.

Here are five practical tips for physicians that are planning on retiring in the next few years and don’t want to be ill-prepared.

When planning for retirement, it's important physicians calculate how much inflation will affect your pension and other sources of income.

I can say I've had a rewarding 40-year career in medicine, in a number of roles. But I wonder how will I fill my time in retirement?

Physicians should plan for a certain level of income in retirement, but must also accept the many variables they can't control.

The 401K plan is the overwhelmingly popular choice of retirement plans for most medical practices. But some may want to consider the Simple IRA.

Although investment returns rarely are consistent year by year, we can make assumptions based on annualized returns over a period of many years.

Unforeseen long-term care expenses are common in retirement and relying on Medicare, Medicaid, or self-funding may not be prudent. Here are options to consider.