Getting to a comfortable retirement on one’s terms consistently ranks as the #1 financial goal for physicians and dentists alike. This session will cover various tools and strategies that, when followed or utilized, can set the AAOMS member up for success. Qualified retirement plans, such as pensions, profit-sharing plans, 401(k)s and non-qualified plans for practice owners will be discussed. Additionally, the session will cover the important of tax diversification for the long term, as well as the importance of finding the right financial advisor and crucial steps to take when approaching retirement.
Learning Objectives:
At the conclusion of this presentation, participants should be able to:
Assess whether the practice’s existing qualified plan may be suboptimal for achieving retirement goals.
Determine whether a non-qualified plan may be a viable tool to implement to achieve retirement goals.
Describe the long-term strategy of tax diversification and how it can help members achieve retirement goals.
