How Much Money Does an Optometrist Need to Retire?
The short answer: There is no single retirement number that works for every optometrist. An optometry practice owner needs sufficient income-producing assets and reliable income sources to support their desired lifestyle after they stop practicing, while accounting for taxes, inflation, healthcare costs, longevity, and the practice’s net value. The right number is not based on […]
Why Do Physical Therapy Practice Owners Put Off Financial Planning
Check out this article to discover the most common personal and practice-level barriers, and get tips to leverage a more structured approach to help physical therapy practice owners move their whole financial life forward with more confidence. Why do physical therapy practice owners delay financial planning? The short answer to that big question: Physical therapy […]
The Truth About the “Safe Withdrawal Rate” And Why It’s Anything but Safe
By Eric S. Miller For decades, investors and retirees have been told there’s a “safe” way to draw down their savings. The idea sounds comforting: take a small percentage of your retirement portfolio each year and you’ll never run out of money. The most popular version of this theory — known as the 4% rule […]