Step 4: Leave a legacy, protect your assets and close your practice
Take this step to review your estate plan, identify any gaps in insurance and discuss considerations in closing your medical practice.
Questions for consideration
Estate planning: What are the key goals and objectives for your estate plan?
Insurance planning: How important is it for you to have a minimum guaranteed, pension-like income when you retire?
Incorporation: What are your potential sources of retirement income, including your spouse's savings and pensions and your corporate assets?
Medical practice: When are you planning to close your practice?
While not directly involved with retirement income creation, issues such as estate planning, insurance, incorporation and closing your practice shouldn't be neglected as part of your overall retirement plan.
