“I always thought that facing retirement would be easier.” This was a really insightful, honest response from a Townie in a discussion thread about encore careers. This post isn’t about setting typical dental practice goals, like year-over-year growth, new patients, or profit margins. Instead, this post is about setting goals for your transition to retirement….Read More→
Tag: retirement
Determining Needs and Goals: What Happens When You Don’t Love Dentistry Anymore?
Has dentistry started to lose its appeal? Many dentists report loving their job, but for others – well, maybe you’re burned out, maybe dentistry was never really your dream job to begin with, or maybe you’re just ready for a change … but you don’t know what the next step is. How do you figure…Read More→
How to Embrace Retirement as a Dentist
In our last post, we laid out five common reasons why dentists may fear retirement. Delaying retirement due to an underlying concern can end up being problematic in the long-term. You risk missing out on time with your family, opportunities to travel or fulfill other goals, and enjoy a more relaxed lifestyle without the hectic…Read More→
Why Dentists Fear Retirement
Did you know that at least 30 percent of practicing dentists right now are solo practitioners – and 55 or older? If you fall into those categories and aren’t actively pursuing retirement yet, our challenge to you is to ask yourself why. Why do so many dentists have doubts going into retirement? Research and anecdotal…Read More→
How Much Money Will Dentists Need to Retire Well?
It’s the age-old question with many different answers: how much money do I need for retirement? Dentists face no more investment and savings risks than other people; however, as dentists also tend to earn more money throughout their career, and high-income earners tend to spend more and thus, have a higher cost of living. This…Read More→
Is Early Retirement from Dentistry in Your Future?
Retirement is usually viewed as the goal or reward after a long, successful career practicing dentistry. For most dentists, the average retirement age has crept up to around age 67, up from a few years ago. Many of us may dream about the luxury of an early retirement but aren’t sure it’s financially possible. Some…Read More→
Life After Dentistry: What’s on Your Agenda? How Volunteering Can Fulfill the Desire to Continue Practicing Dentistry
When you finish the exit planning process from your dental practice and the dust has settled from the sale, your retirement officially begins. Congratulations! Or is it? Full retirement isn’t for every dentist. You’re leaving a profession notorious for employing high-achievers and individuals who thrive on problem-solving and interacting with patients daily. Some dentists find…Read More→
Life After Dentistry: Lessons Learned from the Archives (Part 2)
Are you considering retirement in the next few years? Or maybe you don’t have immediate plans to transition out of your dental practice, but the thought of leaving your career is overwhelming. If you’re unsure where to start, a good idea is asking the dentists who have been there. We’re continuing a series where we…Read More→
Life After Dentistry: Lessons Learned from the Archives (Part 1)
Throughout the years, we at N/L Transitions and Dental CPAs have been lucky to work with numerous outstanding dentists as they grew their practices and eventually retired. The transition out of dentistry is a process and has nuances that catch many retiring dentists off guard. We thought it would be timely to reprint some of…Read More→
How Female Dentists Can Better Prepare for Retirement
In our last post, we outlined some of the reasons why planning for retirement is a tougher challenge for female dentists. Women are taking more leadership roles in dentistry without sacrificing their family roles. In many cases, the demands of running a dental practice and managing a family can be hard to balance. Saving for…Read More→