Making the End as Good as the Beginning: Financial Planning and Retirement for Women Plastic Surgeons.
Financial planning is critically important to ensure financial security both during a plastic surgical career and in retirement. Unfortunately, plastic surgery training includes very little in the way of financial planning. The information that is available in the literature is mostly geared toward men. Women, with longer lifespans and more family care responsibilities, have unique needs when it comes to financial planning. Adequate attention must also be paid to life after retirement. A plastic surgical career can be all-encompassing, and thus women need to carefully plan volunteer activities, new hobbies, and even a second career to make their retirement years fulfilling and enjoyable. Key points regarding financial planning during the various phases of a woman plastic surgeon's career are discussed. Options for retirement are presented.
Sacramento, Calif.; Chicago, Ill.; and Portland, Ore.|From The Plastic Surgery Center; University of Chicago Hospitals; and Buckingham and The BAM Alliance.
Debra J
DJ
Johnson
Sacramento, Calif.; Chicago, Ill.; and Portland, Ore.|From The Plastic Surgery Center; University of Chicago Hospitals; and Buckingham and The BAM Alliance.
Deana
D
Shenaq
Sacramento, Calif.; Chicago, Ill.; and Portland, Ore.|From The Plastic Surgery Center; University of Chicago Hospitals; and Buckingham and The BAM Alliance.
Manisha
M
Thakor
D005260:Female; D005376:Financial Management / Q000379:methods*; D006801:Humans; D010415:Pensions; D010822:Physicians, Women / Q000191:economics* / Q000523:psychology; D012179:Retirement / Q000191:economics* / Q000523:psychology; D012456:Salaries and Fringe Benefits; D066231:Surgeons / Q000191:economics* / Q000523:psychology; D014481:United States
Centers for Disease Control and Prevention. Health, United States, 2014: Individual charts and tables: Spreadsheet, PDF, and PowerPoint files. Available at: http://www.cdc.gov/nchs/hus/Contents2014.htm#016. Accessed November 15, 2015.
DeNavas-Walt C, Proctor BD. U.S. Census Bureau, Current Population Reports, P60–252. Income and Poverty in the United States: 2014. 2015.Washington, DC: U.S. Government Printing Office.
Sommer J. Measure for measure, index funds rule. The New York Times. April 4, 2015:BU3.
Insurance Retirement Institute. It’s time to save for retirement: The benefit of saving early and the cost of delay. Available at: https://myirionline.org/docs/default-source/research/2014-nov-it’s-time-to-save-for-retirement.pdf?sfvrsn=2. Accessed November 1, 2015.
Available at: U-fi, a Nelnet Partnership. http://u-fi.com/studentloans/refinance/citizens-one?partner=ASPS. Accessed August 18, 2016.
Shin L. Retirement, savings, or debt? How to prioritize your financial goals. October 15, 2012. Available at: http://www.learnvest.com/knowledge-center/retirement-savings-or-debt-how-to-prioritize-your-financial-goals/. Accessed November 15, 2015.
Goldin C. A grand gender convergence: Its last chapter. Am Econ Rev. 2014;104:10911119.
Raghavan D. How the gender pay gap harms women’s retirement. Available at: http://www.nextavenue.org. Accessed November 11, 2015.
Carson B. Is your financial advisor a fiduciary? US News & World Report Money. March 19, 2015. Available at: http://money.usnews.com/money/blogs/the-smarter-mutual-fund-investor/2015/03/19/is-your-financial-advisor-a-fiduciary. Accessed November 5, 2015.
Faggella R. Personal communication, 1990.
Fredman C. How women investors make money. Available at: http://www.investopedia.com/articles/personal-finance/061014/what-women-investors-are-doing-right.asp?ad=dirN&qo=investopediaSiteSearch&qsrc=0&o=40186.Accessed August 18, 2016.
Buffett W, Berkshire Hathaway, Inc., Shareholder Letters, 1988. Available at: http://www.berkshirehathaway.com/letters/1988.html. Accessed August 18, 2016.