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    10 steps to increase financial security for physicians

     

     

     

    As a contract and a tax attorney since 1984, I have reviewed many asset summaries of physicians late in their careers. Although most have historically strong incomes of $200,000 to $400,000 per year, their accumulated wealth varies tremendously.  Some physicians in their 60s have a home, a small retirement plan and little else.  Others have cash equivalents of $5 million or more, no debt, real estate and other assets.  In my experience, this usually does not relate primarily to income differences but rather to both spending control and financial knowledge. 

    If you are interested in having the opportunity to eventually retire and not have to worry about finding an “early bird” special at your favorite restaurant, consider the following ten great ideas.

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