Dear Doctor – Are you ready for retirement?

Are you a physician who finds himself or herself in a position where you are facing future retirement with not nearly enough money to have the retirement you would like? This could be for many reasons. It could be the result of a costly personal or professional divorce, making poor investment choices, having your money grow too slowly due to an incompetent or overly costly advisor, poor savings habits, an unrealistic view of what retirement should be, or more commonly, simply living too high on the hog for too much of your career. Essentially, many of you put off saving for a rainy day until the storm clouds appeared on the horizon. Then sometimes it's too late. You will have to change your lifestyle because the amount of money you'll have to live on in retirement will be much smaller.

So think to yourself - can I retire and live the lifestyle I currently have or want? If not, you've got some work to do. NOW.