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Dr. Bob is Robert Hsiung, MD,
bob@dr-bob.orgShown: posts 1 to 2 of 2. This is the beginning of the thread.
Posted by Dr. Bob on August 24, 2010, at 8:32:51
In reply to Re: T #3 » Daisym, posted by Dinah on August 24, 2010, at 7:01:17
> I'm guessing that self employed therapists don't have the security of a 401K
They do have that option, for example:
http://individual.troweprice.com/public/Retail/Retirement/Small-Business-Retirement-Plans/Individual-401(k)
http://personal.vanguard.com/us/whatweoffer/smallbusiness/individual401k
http://personal.fidelity.com/products/retirement/getstart/newacc/keogh.shtmlBob
Posted by Dinah on August 24, 2010, at 10:40:27
In reply to Re: 401K for self employed individuals, posted by Dr. Bob on August 24, 2010, at 8:32:51
Quite true, Dr. Bob, they *can*. It just takes a bit more discipline in budgeting. Just as the employee 401K is sometimes harder to budget than the pension plans that used to be more common. Life has changed so much from when I was a young employee. Retirement used to feel more safe.
I had definitely gotten the impression that independent therapy was not the most stable source of income, and the lack of paid benefits was a disadvantage? But maybe I'm generalizing from comments I've heard now and again.
This is the end of the thread.
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