Because many physicians are compensated relative to the work they do, most have seen an immediate, substantial drop in income. Many are now living on a mere fraction of what they were making before. So, as a healthcare professional, what steps can you take to ensure financial stability for your business and your family? Consider these practical applications.
As you near retirement, the reality of exiting the accumulation phase and entering the distribution phase of life starts to set in. Everything is going to change; financial strategies during retirement vary drastically from the strategies you used during your working years. Are you prepared? Have you adequately planned and saved?