Special Edition: Retirement

This is an expanded single topic article that discusses all the phases of practice transition starting immediately and leading to a successful and fulfilling retirement. It includes bonus material not included in the original report, including a practice transition timeline, practice transition relationships, and preparation guidelines for selling your practice for retirement.

Why Everyone Needs to be Thinking about Retirement—NOW

• Start Now for Retirement—Why?
• What is Practice Transition
• A Practice Transition timeline
• Get Help: Assemble a Team if Professionals to Guide your Transition to Retirement
• What Surveys tell us about Dentists and Retirement
• Define your Priorities and Goals for Retirement—Begin Immediately Planning your Exit Strategy
• How Much in Savings Do You Need for Retirement?
• Financial Planning for Retirement: The Rule of 72
• Gordon's Guidelines on Savings
• Practice Transitions “Relationships” (Partnerships and Associateships)
• Avoiding Failures of Practice Relationships
• Key Transition Terms in Selling a Practice
• The Valuation of a Practice (Understanding the Valuation Process)
• Preparation Guidelines to Sell Your Practice for Retirement
• Life in Retirement and its Consequences
• CR Conclusions

This is one article from the February 2022 issue of Clinicians Report with bonus material. For the original article, please go to February 2022.

* Due to immediate access and download, purchase of past issues and single topic articles are non-refundable. CR is a non-profit, educational research institute. Your purchase funds this research.