Doctors enter the workforce in a unique position; after years of school, residency, and student loans, they finally begin their practice and start bringing in real paychecks.
Due to their delayed start of their full wage-earning years, physicians and surgeons often get a late start on saving for retirement. Paying off student loans can also push retirement savings to the back burner. Nevertheless, your career as a medical professional provides you with the opportunity to not only catch up on retirement saving but to soar ahead (as long as you play your cards right).
So where do you start? If you are a doctor in your 40’s, here some guidelines for how much you should save and how to get there.