When is the right time to retire?January 2, 2025Will you ever truly know when to hang up your stethoscope for the very last time? In her latest column, Dr. Patty Khuly shares her take on the 'ideal' retirement age, giving up clinical duties, and acquiring skills for the 'new chapter' in your life.
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Eight great reasons to retire early from veterinary practiceJanuary 17, 2024Some of us practice for years before acquiring challenges that preclude our ability to fully embrace traditional practice. While most who encounter these common obstacles feel compelled to see their way through however they can, there are limits to what any of us should drive ourselves to endure.
The retirement mirage: When can I stop working?December 19, 2023Addressing potential issues well in advance of the proposed sale is far more advantageous than discovering concerns during the sale itself, especially if they are challenging to resolve within a limited timeframe.
VPN Plus+ ExclusiveHow to Keep Your Lifestyle After Your Practice's SaleDecember 22, 2022has worked within the veterinary community since 2014. He and his team at Florida Veterinary Advisors help associates, practice owners, and their teams find the next In this session: Thomas Seeko, CExP, FINRA Series 7 and 66, addresses the impacts of just trying to live only on the practice sale proceeds, and the interest-only retirement plan. He will also cover how your income relies on the market, as well as a strategy to find a better balance in how you will save now and spend money in retirement.
Should a practice and real estate be sold together?October 6, 2020There are many things to consider when selling your veterinary practice, including whether to do the same with the real estate in which it operates.
Simplified retirement plan alleviates burden of paperworkSeptember 30, 2020Veterinary professionals who have yet to arrange retirement or succession plans might appreciate the American Veterinary Medical Association’s (AVMA’s) latest offering.
VPN Plus+ ExclusiveWhy offering a 401(k) plan is a good ideaJuly 16, 2020As a veterinary practice owner, taking care of your employees is paramount to hiring and keeping wonderful staff around. By offering great benefits, you are showing they matter to you both in and out of the office. One extremely valuable benefit to offer is a 401(k), which allows your employees to put away money for retirement. In the past, practice owners may have felt a 401(k) was too costly or complex for small veterinary clinics to provide, but that's no longer the case. With the modern 401(k), you don't need to worry about having extensive investment knowledge, or even a lot of time to manage the plan. You'll get access to features that can make it both easier and less expensive for both you and your employees. How a modern 401(k) can help your practice According to a recent survey by Capital One, 94 percent of small business owners who offer a 401(k) plan say it helps with their recruitment and retention of employees. By providing this benefit, you show you value their contribution and want to help them invest in their future. Setting up a 401(k) can sound daunting, but it doesn't have to be. Here's what you can …
