The Wealthy Dentist conducted a survey that asked dentists if their retirement changed because of the recession.
Two out of three dentists surveyed acknowledged that they plan to work longer than they expected because of the economy over the past four years.
Said one Michigan dentist, “We find we’ll be working longer to get to where we want to be with retirement assets. What had formerly seemed to be an option (that of working longer if we felt we were still enjoying doing so) has become a necessity!”
The New York Times reports that many older Americans are delaying retirement and being added to the workforce in record numbers. Nearly 1 in 5 Americans ages 65 and older are working or looking for jobs — that’s the highest in almost half a century. The share of seniors claiming Social Security benefits fell last year to the lowest level since 1976.
To hear more of what dentists had to say about dental retirement planning, Click on Play and watch the following video —
How are your dental retirement plans? Have they changed over the past four years because of the recession?
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