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What is the retirement plan for being a doctor?

Do I still get paid after I retire? #doctorate-degree #doctor #higher-education

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Tracy’s Answer

Hello Kris,

According to the research I have done doctors usually enroll in a retirement plan that may vary by state. The Healthcare for America web page outlines retirement plans for doctors.

For example: "Simplified Employee Plan (SEP) or Savings Incentive Match Plan for Employees (SIMPLE), both of which are Individual Retirement Accounts (IRA). They are relatively easy to establish and maintain, but eligibility and funding options are limited."

Source: https://healthcareinamerica.us/what-are-the-best-retirement-plans-for-medical-doctors-aa8cdb4bd711

Good Luck!
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Nitin’s Answer

You can set up your clinic, be honest and take this to the top
You can partner with more doctors to split the operating costs and thus investing in mutual funds and SIP's.
You can also earn more if you get online and advise globally.
Once, you set up this, this is expected to run automatically as you would be able to hire doctors and staff to run the clinic when you are not in a position to run and when you want to enjoy life with family
Thank you comment icon Hi Nitin, this doesn't answer the student's question about retirement. Do you have anything to share around that topic? Gurpreet Lally, Admin
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