Set clear retirement goals to avoid financial pitfalls

July 1, 2003
Joel M. Blau, CFP

Mr. Blau is chief executive officer of MEDIQUS Asset Advisors, Inc., in Chicago. He can be reached at 800-883-8555 or blau@medquis.com.

Many physicians find themselves unprepared for retirement, bothfinancially as well as emotionally. From the financial standpoint, the majorityof physicians fail to reach their own financial objectives. The main reasonis that, as a whole, physicians start saving too late, and they are unableto make up the shortfall during their peak earning years.