Average Retirement Savings of Physicians Older Than 66 years: 5 Statistics
2013 Report on U.S. Physicians' Financial Preparedness, by AMA Insurance.
The survey, conducted in December 2012, includes responses from 2,365 physicians.
When asked what their average retirement savings are, physicians above the age of 66 years reported:
• Under $100,000 — 2 percent
• Between $100,000 and $500,000 — 8 percent
• Between $500,000 $1 million — 17 percent
• Between $1 million and $3 million — 43 percent
• More than $3 million — 30 percent
More Articles on Practice Management:28% of Orthopedic Surgeons Currently, Plan to Participate in ACOs
10 Ways to Improve Collections at Medical Practices
7 Ways to Earn Respect, Rather Than Demand It
© Copyright ASC COMMUNICATIONS 2015. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.
To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.
New From Becker's ASC Review
6 quick tips for doing an employee survey rightRead Now
- Beware of Your CPA’s Advice on Asset Protection: The Advice you Get May be Inaccurate
- Medical errors still a leading cause of death in America — 5 things to know
- Where is healthcare the cheapest? 5 cities
- CMS plans to change meaningful use — AMA says that's a good thing
- 8 gastroenterologist inventors