Ep. 28 "Nobody told me that dentists retire 6 years later than the average American" with Reese Harper, CFP
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Today\\u2019s podcast explores why retirement amongst dentists is growing more elusive. The average American retires at age 63 and the average dentist retires at age 69. The average American earns $56,5133 per year and the average dentist earns more than four-times the average American, at roughly $229,630. Why then are dentists making so much more than the average person but retiring so much later?
- 1:50 - Nobody told me that dentists retire 6 years later than the average American!
- 3:30 Dentists make 5x the average US income, so why are they stuck working longer?
- 5:40 - 9:37 Entrepreneurship is much higher in the dentist industry. Does this contribute to later retirement?
- 9:38 Start your career with a consultant and it can save you regret and a lot of work later on. Old habits die hard - get help with changing.
- 11:05 - 27:57 Is dentistry turning into a commodity? What you can do to prevent this mindset.
- 39:50 You should never be the only person making financial decisions. You aren\\u2019t objective enough.
- 27:57- 45:50 How can a financial advisor or consultant help you to make better decisions and actually SAVE money?
- 45:52 Let\\u2019s talk about retirement plans and how they can help minimize turnover. What can a dentist do to make retirement a great benefit?
Links from Today\\u2019s Show
Reese Harper\\u2019s Podcast
Dentist Money Show: https://dentistadvisors.com/dentist-money-show-podcast/
Consulting Personal Financial Planning Services:
https://dentistadvisors.com/
Connect with Reese on Social Media
Instagram: @dentistadvisors
Twitter: @CFP4dentists
Facebook Group:\\u202fhttps://www.facebook.com/groups/dentistadvisors/