Doctors struggle to save for retirement despite high salaries

NBC News, February 28, 2014
What's up, doc? A new report says that despite high average salaries, physicians aren't saving enough for a comfortable retirement. New research from Fidelity Investments found that the average physician, despite having an average salary of just under $300,000, will only have retirement income of 56 percent of their pre-retirement earnings, compared to the 71 percent Fidelity recommends. "We don't think that physicians are in grave danger of not being able to survive, but the question is, what kind of retirement do you want to have," said David Martin, vice president of strategy and business management at Fidelity Investments.

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