How to retire with confidence
Only a third of retirees feel very confident in their ability to live comfortably throughout retirement, according to the 2018 Retirement Confidence Survey by the Employee Benefit Research Institute. But AOA members can breathe easily because AOAExcel® offers a variety of investment tools that can take the stress out of retirement planning, whether doctors of optometry are just getting started in their careers or have been practicing for years.
The survey indicates that retiree confidence in having enough money to cover basic expenses and medical expenses has dropped: 80% say they are very/somewhat confident about covering basic expenses this year compared to 85% in 2017. Additionally, retirees' confidence that Medicare and Social Security will continue to provide benefits equal to what retirees receive today has significantly declined compared to last year, with fewer than half saying they are very/somewhat confident. Only 7% of retirees say they are very confident that each of these will continue to provide the same level of benefits they do today.
It's never too late—or too early—to start saving; you just need to make a game plan for yourself or your staff members and access the resources. Through AOA's partnership with endorsed business partner AXA Equitable, member doctors can:
- Find more information on retirement planning.
- Request a complimentary, 15-minute consultation with an AXA Retirement Program Specialist.
- Access various AOAExcel retirement resources and webinars based on how many years you've practiced.
Be aware of new classification of employee vs. independent contractor from labor department
The new rule took effect on March 11. Get answers to questions about the final rule.
How participating in an AOA survey can benefit optometry
Work to ensure optometry’s fair treatment under Medicare stems from the AOA’s participation on an influential committee tasked with valuating services provided to Medicare beneficiaries—and members can have a crucial say in that process.
Why optometrists love the AOA Business Card
Some large practices have generated $36,000 back in rewards annually, while smaller practices benefit with no annual fee or personal liability.