A properly designed financial plan is truly a work of art. It requires decades of discipline, hard work, and thought. What most don’t realize is that they’re only halfway to the finish line once they reach retirement. If you look at a financial life like a marathon, the working years make up the accumulation or pace-setting part of the race. The second half is the draw-down or stamina period. That “home stretch” is all about strategizing to ensure your reserves get you to the finish line. This requires as much, if not more, effort and strategy as it took to accumulate.

On today’s episode, we discuss the early retirement years of an ER doc, the various strategies to distribute assets, and some expense considerations that often get overlooked.