Start with the architecture, not the tactic.
Retirement planning for physicians is not only an age-and-portfolio question. It should test whether lifestyle, liquidity, tax buckets, healthcare, protection and nonclinical capital can support a reduction in clinical work without forcing a poorly timed financial decision.
Questions worth coordinating
- How does this decision affect current and future tax?
- What happens to liquidity and opportunity capital?
- Does it increase or reduce dependence on clinical income?
- What ownership, liability or concentration risk changes?
- Which CPA, attorney, investment and insurance professionals need to coordinate before implementation?
Regional rules can change.
State and local tax, entity and regulatory rules are time-sensitive. This page is educational; current rules and individual applicability should be verified with qualified tax and legal professionals before action.