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.
The AOA will use the time to evaluate its collection efforts and create a registry for the future that is most useful to improving eye health and vision care. The AOA launched the registry in 2015.
Even if you’re choosing to disengage, today’s politics have a way of finding you. What are the ground rules for approaching political debates in the practice?
Under new rules for the 21st Century Cures Act, doctors of optometry will need to prepare for changes going into effect April 5. Doctors should check in with their health IT vendor in order to make sure they meet the new requirements.