Dentist's Money Digest | Retirement

You may not be as ready for retirement as you think you are. For example, have you talked to your spouse about what he or she will do with you being around the house more often? Kerry Straine, CPBA and CEO of Straine Consulting, says that this is one of two common retirement mistakes he sees dentists making. Discover the second, and how to avoid both, in this clip.

Don’t let yourself get too distracted by the day-to-day demands of dentistry. You still have a future for which to plan. Dentists have many retirement account options, but they can’t take a one-size-fits-all approach to selecting the right one for themselves and their practices. These are some good IRA and 401k options.

Put yourself into this hypothetical scenario. You just landed a new job in a dental practice that offers a 401K. Great. But what do you do with your old 401K? Leave it where it is, or roll it over to your new employer? Each move comes with pros and cons. There are, however, common pitfalls that you should avoid.

Retirement planning isn’t a short-term endeavor, nor is it a simple process. Successfully putting all the pieces together means monitoring a lot of moving parts, over a long period of time.

The short answer is, yes, you do. Here’s a check list you can follow to start getting your 10-year plan in order.

Things you can do now to promote good health later.

Get in the habit of doing these things now to promote good health later in your retirement years.

The end of any year marks a good time to see where you stand and what you might need to change in terms of achieving your retirement goals.

Quick tips to put you on the right track toward saving sufficiently for your retirement.

What’s in store for investors as they near retirement.