A Five-Step Retirement Plan for Physicians
You may have spent years deciding when you can afford to retire. But the decisions you make before your last day can affect your finances for years afterward.
Consider your deferred compensation plan. Choosing when to take the money can affect your taxes, Roth conversion opportunities, and Medicare premiums. And some payout elections cannot be changed once they are made.
That is just one part of leaving medicine. Malpractice coverage, employment agreements, retirement accounts, and Social Security each bring decisions of their own.
This free guide walks through five steps to help you see which decisions are coming, when they need attention, and how they affect one another.
If you own part of a practice
Leaving medicine may also mean selling your ownership interest, reviewing your buy-sell agreement, and deciding what happens to the practice’s retirement plan. The guide covers those decisions, too.
After you request the guide, we’ll send three short emails about the retirement decisions it covers. You can unsubscribe at any time.
Inside the guide
1. Know what you actually hold.
Understand the rules of your retirement accounts, including the important differences between 457(b) plans.
2. Protect what is still exposed.
Review malpractice coverage, insurance, and obligations that may continue after your last day.
3. Make your highest-earning years count.
Understand contribution limits, catch-up rules, and tax decisions while you are still earning.
4. Set the order for leaving.
Identify the elections and agreements that may need attention before you stop practicing.
5. Plan the years after your last patient.
See how withdrawals, Roth conversions, Medicare, and future required distributions fit together.
