VIDEO: Financial wellness for ophthalmologists: Best practices for saving, investing

NEW YORK — In this presentation from OSN New York, Andrew Taylor, CFP, shares tips for ophthalmologists looking to achieve financial well-being before retirement.

Taylor breaks down the specifics on how much money physicians should have saved for retirement, what percentage of their income should be saved in each age group and how to allocate investments.

“You need to save about 17% to 20% of your income to be able to retire and replace 100% of your income at retirement, or very close to that,” he said. “But if you wait until age 40 [to start saving], that number jumps to 31%.”

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Sources/Disclosures

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Source:

Taylor A. Achieving financial wellness. Presented at: OSN New York and OSN New York Retina; Nov. 8-10, 2024; New York.

Disclosures:
Taylor reports being an employee of OJM Group.

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