Episode #208: Plan for Retirement Now to Maximize Your Freedom Later
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Description
In this final installment of our four-part retirement series, we're diving deep into the financial planning nuances specific to physicians approaching retirement. Joining us is Dr. Carolyn McClanahan, a former physician-turned-certified financial planner. With her insider's perspective, Dr. McClanahan offers invaluable insights on everything from assessing retirement needs to navigating long-term care and tax strategies. We'll uncover the often-overlooked financial aspects of retirement planning that are particularly relevant to physicians. Whether you're grappling with savings goals, long-term care costs, or unexpected expenses, this episode is your roadmap to a financially secure and fulfilling retirement.   You can find the show notes for this episode and more information by clicking here:   www.doctorscrossing.com/episode208   In this episode we’re talking about: Determining how much money is needed to retire comfortably. The role of long-term care insurance and when it’s necessary. Strategies for effective tax planning in retirement. Financial considerations for the “sandwich generation” – balancing support for aging parents and college-bound kids. Key estate planning tips to ensure a legacy without overspending. How to prepare for financial shifts if downsizing or relocating. Common mistakes physicians make in retirement planning.   Links for this episode: Take the next step in your career transition with our Carpe Diem Resume Kit and LinkedIn for Physicians course—now available for 50% off! This offer is only valid through Monday, December 2nd at midnight. Use the links below to unlock this limited-time discount. Carpe Diem Resume Kit - Converting your CV to a resume helps recruiters better understand why you are a great match for a specific job. My resume kit will guide you through creating a polished resume for your desired job. Templates are included as well as a bonus on writing your cover letter. Give yourself the best chance of getting that interview! LinkedIn for Physicians Course - If you’d like to learn how to customize your LinkedIn profile to make it stand out to recruiters, this course walks you through all the steps with short, actionable videos and cheat sheets for each lesson. This course takes the guesswork out of using LinkedIn! Previous installments of our four-part retirement series: Episode #204: Finding A New Path and Happiness When You Slow Down And Plan For Retirement Episode #202: Not Ready to Retire? Discover Rewarding Part-Time Physician Opportunities Episode #195: Are There Nonclinical Options For Older Physicians?  
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