Three Financial Scenarios ( and Solutions ) for
FINANCE
Three Financial Scenarios ( and Solutions ) for
Saving for Things Other than Your Retirement
By Wes Flores
Thought about making a practice shift toward something less stressful , but also less lucrative ? What about taking an early or partial retirement ? Ever wanted a second home , yacht or other expensive toy ? Are you saving the right way for your children ’ s education ?
You ’ ve received plenty of advice about saving and investing for retirement , but there are other things in life you can and should be planning and investing for that you will either need or want before 59½ . That means you will need savings tools and investment strategies in addition to IRAs , 401 ( k ) s and 403 ( b ) s .
Whether you ’ re using an evidence-based platform for investing , a traditional investment advisory service or are a DIY investor , here are three financial scenarios physicians should be prepared for and the ( sometimes counterintuitive ) strategies to employ .
47 TODAY ’ S PRACTICE : CHANGING THE BUSINESS OF MEDICINE