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:

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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?