Dentist's Money Digest | Retirement

Buffering the risk of living to a very old age.

Medical professionals commit their lives to improving the health and well-being of others and deserve a financially secure retirement.

Having different buckets for each life phase is a good way to assure you don’t run out of money while pursuing your goals.

Dentists are known for their high income, but what many lack the know-how to manage their money. Michael Abernathy, owner and founder of Summit Practice Solutions, knows a thing or two about avoiding financial disaster. Continue below for the six big mistakes Abernathy sees the most from his clients.

Financial advisors typically discourage their clients from taking out a loan on their 401(k) plans. Eric Meermann of Palisades Hudson Group explains under what circumstances this option is actually a good idea. Continue below for more information on borrowing from your 401(k).

The Mega Backdoor Roth IRA is an investment strategy that allows you to contribute up to 36k per year to your existing Roth IRA in addition to your other retirement savings. The best part is there are no income restrictions. Continue below to learn about Future Proof MD's experience with the investment.

Time flies when you're having fun. Or, as Kermit tells us, time’s fun when you’re having flies. Physician on Fire has a few ideas about how he wants to spend his time after retiring from his anesthesiology career. If you, too, are thinking of retiring early, continue below for some inspiration.

It takes a lot of hard work, plenty of studying and no shortage of determination to become a dentist. Those are the same skills needed to successfully save for retirement, and yet, many dentists struggle to build up enough savings to live the lifestyle they desire in retirement. CPA Douglas Fettig sat down with DMD to share his insight regarding retirement planning for dentists in particular. Continue below to learn how to manage your retirement plans.

This type of plan can help you lower your taxes, increase your savings and create a happier staff.

Odds are, you own some financial products, such as annuities, to help fund your retirement. But do you have a plan in place to retire? There’s a big difference. Here are three steps to creating your retirement plan.