ACR Business Course Addresses Common Misconceptions and Mistakes in Retirement Planning
ACR Business Course Addresses Common Misconceptions and Mistakes in Retirement Planning
Radiologists today face a daunting number of professional challenges, from patient care to imaging technology to reimbursement issues. However, one key topic often gets overlooked—what do you do when you stop practicing medicine?
"This is an issue that is important to all radiologists, even if they are still in training or are already retired," maintains Frank J. Lexa, MD, MBA, of the University of Pennsylvania's Wharton School. "These are issues that we all have to face."
To help provide a solid starting point for addressing this critical topic, the ACR is hosting an informative 2-day summit titled, "Lifetime Career Management for Radiologists: Critical Issues for Success," the fourth in the series of highly successful business courses offered by the College. The summit, scheduled for Nov 5-6 at the Hyatt Regency Lake Las Vegas Resort, tackles the critical long-term planning issues that have the greatest impact on radiologists in their post-practice lives.
"We want to address a range of issues not covered in any of the previous business courses," says Lexa, course director for the ACR's Executive Education Series. "These are the issues that radiologists are really wrestling with. We want to help them get it right and help them focus on the big things that can make a difference post-practice."
Members' Input Led to New Course
The course came about after a broad spectrum of ACR members were surveyed on what they thought were some of the critical issues relating to retirement planning. Now, with the gathering of an extraordinary panel of speakers from the fields of medicine, accounting, and financial planning, members can learn what they should, and more important, shouldn't, do as they plan for retirement.
Among the session topics:
- Effective investment strategies for physicians
- Estate planning
- Asset protection
- Altered workload and partial retirement
The goal of the course is for radiologists or practice managers to return home with a better understanding of how to take control of their financial future.
"We're not going to tell you how to be an accountant, a stockbroker, or a business attorney, but you need to be involved in your retirement planning," Lexa insists. "We want you to know how to relate to these professionals and ask the right questions."
Lexa emphasizes that while this course is focused on retirement planning, it includes something for everyone, noting that it is never too early or too late to address many of these issues.
"We're not just talking retirement issues," Lexa maintains. "We're talking lifetime management issues," adding that there will be something for everyone, no matter the current stage of their radiology career.
To find out more about the ACR Summit on Lifetime Career Management for Radiologists or to register for this important course, please visit the ACR Web site at www.acr.org.