During our initial meeting with new tax and business planning clients, we ask the doctor and his spouse what goals they would like to accomplish. In most cases, the doctor responds: “let me know how much I need to accumulate to maintain my standard of living in retirement, and when I get there, I’m selling out and retiring, no questions asked.” In reality, once doctors accumulate the assets they need to achieve financial independence, that’s not what usually happens. As retirement approaches, doctors realize that emotional and psychological factors are just as important as finances to a successful retirement.

Below are 5 reasons you should consider working part-time in retirement to improve your finances and quality of life.

1. Increase chances for successful practice sale...