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Six biggest mistakes physicians make when planning for retirement

Article

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.

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.

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