Online Dental Store from India

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Online Dental Store from India
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Can You Retire? Four Reasons the Answer May Be
NO!
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• LIFESTYLE
• You are working hard, making a great living. Just
  moved into the country club in a big, new house.
  Mercedes sitting in the driveway and momma needs
  a SUV to haul the kids. A week at the beach to
  keep the family happy. Skiing in Colorado at
  Christmas.
• Sound familiar?
• It does to ME! This isnt exactly my story, but
  it is close enough to make me squirm. The problem
  for most of us is that it eats up ALL of our
  income, leaving none for Saving and Retirement.
  Most of us make enough money to have nice cars
  and homes, but if you are like me, you may have
  gotten caught up in this new-found affluence at
  the cost of taking the long view of what you will
  need later.
• Sadly, later Comes Quickly.
• Dentee for Doctors Most of us need to look at
  what we need to live comfortably, not
  extravagantly. I am talking to the 75 or more of
  us who do not live and work in a world where
  money is no object. What this means to you is so
  personal, I dare not judge how much you need to
  spend vs. save. I just know from experience that
  if you are not saving for retirement NOW, that
  one day you will look back on the THINGS you
  spent your money on, and wish you had planned
  better.

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• ASSET DRAIN
• Depreciating assets are the worst. Cars and boats
  and other toys become out of date and need
  replacement quickly. We all need these things,
  but what kind and at what expense is the
  question.
• Vacation and second homes are great I have had
  some of each. As long as the cash flow is
  adequate from your day job, enjoy the luxury. In
  my hands these purchases followed the buy at the
  peak of the market, sell at the bottom rule. Be
  cautious when buying these assets to make sure
  the cash flow will be something that can be
  handled if the market does not allow you to sell
  at the exact time you would like to change your
  circumstances.
• Our second home is beautiful, on a lakeside golf
  community, and now that I have retired I would
  like to have only one home to make my cash flow
  better. I bought in 2008, at the peak of the real
  estate market. There is NO market for my home
  unless I want to give it to someone.
• We can make it, but life would be easier if we
  had one home. What seemed so easy and natural
  before I retired is one of those small gnawing
  pains in my stomach each month when I pay
  mortgage, community fees, and maintenance of a
  second home.
• Most of us can think of other Assets, that are
  really a Liability. Think before you put your
  Wants ahead of your Needs.

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• RETIREMENT DATE
• Can you retire at 62- 65-70 ?
• Unless you are skilled in Accounting and
  Investing, you should get some professional
  advice on when you actually have the money to
  stop doing what you are making a good living
  doing.
• I had a Retirement specialist and a good
  stockbroker help me make some good decisions
  along with all my bad spending habits, to finally
  get together a plan to assure my ability to
  retire. It takes YEARS, to accumulate enough to
  retire.
• My investment broker and I sat down last year and
  looked at what I had saved. Do you know that the
  suggested withdrawal rate on an account is no
  more that 4 of what you have in the account?
  That means if you have 1,000,000 in savings, to
  make that last for 25 years you should not
  withdraw more than 40,000/year from that
  account. At this rate of return, you need some
  other sources of income to make it in the world
  we live in. I had to promise my broker I would
  not live past 93 years before he would give me
  his blessing to start taking out money from my
  account.
• You may think you can retire next year, but since
  most of us do not know how long we will live, you
  may need to work a few more years, save some
  extra money, or convince your kids they would
  really like to take care of you the last ten
  years of your life.

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• THE WAY YOU PRACTICE
• You may not be running your business in a way
  that lets you save enough. When all else fails,
  Make More Money.
• There are all types of people and practices. You
  may be running your practice exactly like you
  want to. That is fine if you make enough money to
  live like you want to and save like you should.
• I enjoyed restorative dentee for doctors as a
  majority of what I did. Some people like surgery,
  some like doing dentures, some like to work on
  children. If you are not doing what you like and
  not doing it efficiently, you have the
  opportunity to change. There are consultants and
  coaches that can help you identify what you do
  well and efficiently.
• If your practice is not productive, you will not
  be able to save enough to retire and you will
  have a harder time finding a buyer when that time
  comes.
• Change is hard for some of us, but I found that
  the prospect of working to age 81 like a
  great-uncle did, and dying as a form of
  retirement, was not appealing to me.
• I decided to identify what I was doing
  inefficiently in my practice and correct it. I
  was then able to save enough money to retire at
  68. To me that was the right time, both
  physically and professionally. You have to decide
  when the right time is for you.
• The trick is to be ABLE to make the choice when
  you want to retire, not be forced by
  circumstances to work for years after you are
  physically and emotionally unable to do the tough
  job we all have done for so many years.
• Sourcehttp//bit.ly/2mID6hc

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