In this final installment of our four-part retirement series, we're diving deep into the financial planning nuances specific to physicians approaching retirement. Joining us is Dr. Carolyn McClanahan, a former physician-turned-certified financial planner. With her insider's perspective, Dr. McClanahan offers invaluable insights on everything from assessing retirement needs to navigating long-term care and tax strategies. We'll uncover the often-overlooked financial aspects of retirement planning that are particularly relevant to physicians. Whether you're grappling with savings goals, long-term care costs, or unexpected expenses, this episode is your roadmap to a financially secure and fulfilling retirement.
You can find the show notes for this episode and more information by clicking here:
www.doctorscrossing.com/episode208
In this episode we're talking about:
- Determining how much money is needed to retire comfortably.
- The role of long-term care insurance and when it's necessary.
- Strategies for effective tax planning in retirement.
- Financial considerations for the "sandwich generation" – balancing support for aging parents and college-bound kids.
- Key estate planning tips to ensure a legacy without overspending.
- How to prepare for financial shifts if downsizing or relocating.
- Common mistakes physicians make in retirement planning.
Links for this episode:
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Previous installments of our four-part retirement series:
Episode #204: Finding A New Path and Happiness When You Slow Down And Plan For Retirement
Episode #202: Not Ready to Retire? Discover Rewarding Part-Time Physician Opportunities
Episode #195: Are There Nonclinical Options For Older Physicians?
