Show Summary Details
Page of

(p. 107) There Is No Need to Save for Retirement: I Can Sell My Practice When I Am Ready to Retire 

(p. 107) There Is No Need to Save for Retirement: I Can Sell My Practice When I Am Ready to Retire
Chapter:
(p. 107) There Is No Need to Save for Retirement: I Can Sell My Practice When I Am Ready to Retire
Author(s):

Jeffrey E. Barnett

, and Jeffrey Zimmerman

DOI:
10.1093/med-psych/9780190900762.003.0020
Page of

date: 19 March 2019

Perhaps it is every mental health private practitioner’s dream to one day sell his or her practice and to use the proceeds of the sale to fund his or her retirement. This chapter addresses the reasons for this actually being a rare event. Challenges in selling a private practice, including valuing it and creating a business that survives without the involvement of the practitioner who built the practice are addressed. Relevant issues such as contracts and products, outstanding income, debts, good will, and real estate holdings are each discussed as one considers how to value a private mental health practice. How to estimate one’s financial needs in retirement and how to plan effectively for and fund one’s retirement years are described, with specific recommendations for achieving one’s financial goals.

Access to the complete content on Oxford Clinical Psychology requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can't find the answer there, please contact us.