Advertisement

Six biggest mistakes physicians make when planning for retirement

Published on: 
,

Even physicians aren’t immune to making financial missteps

While physicians are well-versed in matters of physical health, they tend to flounder when it comes to best practices for their financial health. And laying out long-term financial plans for retirement can be tricky. There is no one-size-fits-all solution.

Unfortunately, many physicians falsely believe that retirement planning will be easier for them as high-income earners; however, earning a high income does not guarantee smart money management. Even physicians aren’t immune to making financial missteps.

Advertisement

Here are six common retirement planning mistakes physicians make that could significantly interfere with a timely and successful retirement:

Julianne F. Andrews, MBA, CFP, AIF is a principal and co-founder of Atlanta Financial Associates. She specializes in working with physicians and executives in the healthcare industry. Her passion for working with physicians comes from being a pediatrician’s spouse for more than three decades. Julie has been featured on Forbes’ list of America’s Top Women Wealth Advisors since 2017 as well as Forbes’ Best-in-State Wealth Advisors since 2018. Julie can be reached at jandrews@atlantafinancial.com.

Advertisement
Advertisement