Practical Ramp-Down Advice: Start Cutting Income Early

This episode features hosts Zach and Kevin, who welcome returning guest Dr. Frank Clayton to discuss the psychology and process of retiring from dentistry. Dr. Frank Clayton, who sold his practice and fully exited clinical work in July 2023, shares his insightful journey and the various phases of retirement he's experienced, including the "honeymoon phase." Kevin, who recently sold his practice in August and is now navigating the associate phase, offers his perspective on the initial mental shifts of stepping away from ownership. The hosts and Frank delve into the factors that drive the decision to sell—a combination of financial goals, mental fatigue, and a desire to "go out on top." They discuss the emotional weight of a "two-year breakup" with patients and staff, the challenges of detaching from the owner's mindset, and the importance of a well-structured ramp-down, which for Frank, included cutting back income and clinical work months before his final day.

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