Up to now, we have talked a lot about having the right disability insurance policy to protect your income. Today lets shift gears look ahead 30 or so years toward the time your retirement from the practice of medicine. Probably not something you have given much thought to right? You are not alone, the reality that most doctors are not saving enough or anything at all for retirement. Just like making certain you have disability insurance, you also have to make sure your bank account is padded enough to support you when the day comes that you decide to hang up your scrubs.
You want to retire someday right? As a doctor you spend most of your life catering to the needs of others, retirement is a time for hobbies, travel and doing all sorts of activities that you probably don’t have time for now. Whether your specialty is anesthesia, neurosurgery, facial plastics, dentistry or any medical profession there will come a day when you think to yourself, I want to slow down or maybe do s[...]