I first retired at 68, couldn’t really afford to, but it had to come sometime and everything was aching. I lasted approximately 10 weeks before I started to go stir crazy and poor!
So I went back, part time, to plan and work on a real exit strategy. I’m not the only one, I have a colleague who recently, at the age of 68 has just set up a practice.
The question is why do we do it? As part of the research I was doing for my latest book, I wanted to know why. A google search informed me that on average American dentists retire 7 years later than the average American!
Now I’m not in the US so maybe it’s different around the world, but certainly not for me!
The research highlighted a variety of problems that we face. If it had been a test I think I would have got my first 100% ever.
Great so here I was, a statistic. I’d followed the game, even though I didn’t know I was playing and certainly didn’t know the rules.
I came out of dental school and after a brief time as a houseman, migrated into an associate position. I learned from the boss about dentistry, but nothing on the financial front, I just got on with it!
Who needed financial advice, I was working, earning really well, so why did I need to worry?
What problems did I encounter and how can they be fixed later in life?
Additionally, how can you avoid these challenges by learning from my experience?
– Do I have an exit strategy? Yes.
– Am I still active and ambitious? Yes.
– Do I want to sit idly and wait for the grim reaper to call? No.
What is the solution? I’d love to tell you, just fill in your details so I can send you an e-book.
If you’re not a dentist, this information applies to you too.