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President Donald Trump’s proposed 2018 federal budget includes major spending cuts for medical education programs and National Institutes of Health (NIH) funding, each of which could have negative impacts on doctors, according to organizations like the American College of Physicians (ACP) and the Association of American Medical Colleges (AAMC).

The 88th annual Medical Economics Physician Report illustrates the state of primary care today, providing information on physician income, productivity, malpractice costs and more.

While retirement or a reduced role in the practice might feel like a long way off, the reality is that positioning yourself and your practice for a smooth transition takes time and thoughtful planning.