If you're a doctor who is thinking, or dreaming, about retirement, be prepared to effectively answer the following questions:
At what age do you plan to retire?
What optimum level of annual income is needed to maintain your current standard of living?
Have the effects of inflation on retirement expenses been considered in preparing retirement budgets and projections?
If you are contemplating early retirement, is the projected level of capital accumulation and pension benefits sufficient to fund an early retirement?
Have you reevaluated all areas of insurance coverage in light of impending retirement?
If you anticipate needing nursing home care for yourself or your spouse, how do you plan to meet the expense for such care?
Have you determined the lifestyle desired in retirement, including activities and hobbies that will ensure an active retirement?
Source: Wisconsin Education Association Council (www.weac.org).