Retirement Planning for Physician

1. Retirement Planning for Physician Retirement is like a long vacation in Las Vegas. The goal is to enjoy it the fullest, but not so fully that you run out of money. – Jonathan Clements The famous Trinity Study conducted in US came out with spectacular solution for retirement. You can pull out upto 4% (adjusted up for inflation) from your retirement kitty to last till retirement life. Sounds easy? So if you need 1,00,000 pm (Value at the time of Retirement) you need to have 4,00,00,000 as your retirement corpus . Remember there is a tax angle. Physicians keep investing in real estate. Government keeps tightening taxation rules around physical assets, where tax evasion is predominant. Going forward any of your purchase/investment will be known to taxman. If you have income from physical assets, it should give more than inflation adjusted return which is quite unlikely. Liquidating bits and pieces of real estate not possible. How much you save? Where you save? What proposition you save? Liquidating Physical asset like home and jewelry is quite difficult as it being emotional asset and you may wish to pass on to generation next. Wealth Traits Financial Planners, No. 9, Maven Projects Centre, Dr. Thirumoorthy Nagar 3rd Sreet, Nungambakkam, Chennai - 600 034. +91 90030 55599, +91 94455 18009 info@wealthtraits.com / www.wealthtraits.com