Silkin Management Group clients vary in demographics. In fact Silkin Management Group clients exist in every state in the U.S. and every province in Canada. And Silkin Management Group clients range in age from fresh out of professional school to close to retirement. No matter your demographic, no matter your age and no matter whether you are a Silkin Management Group client or not, taking a look at a retirement and an exit strategy is a smart thing to do. And the earlier you start, the more likely you will accomplish your goals.
When looking at retirement, the first thing any financial planner will have you do is to determine how much money you’ll need or want to live on when you retire. At Silkin Management Group we have new clients take a serious look at their financial and practice goals for the long term. The Silkin Management Group consultant then has the Silkin Management Group client work out a financial strategy in terms of how much production and net income do they need to produce in order to set aside enough money each year to reach their goals.
Silkin Management Group does not recommend any financial investments to invest retirement accounts into – a Silkin Management Group client needs to have a good financial planner and/or investment planner to help them with where to put the money. Silkin Management Group simply helps them work out what level of production and net income they need to be at in order to have enough extra money every year to make their retirement goals through proper investments.
Also, a top priority for any Silkin Management Group consultant to look at with new Silkin Management Group clients is how to build up the practice so its worth is as high as possible when the Silkin Management Group client is at an age he wants to retire. The practice itself can be a very significant portion of any retirement planning but if, and only if, the practice is a good producing, high net practice with established systems and well trained staff. After all, who would want to buy a low net practice or a practice that was not run efficiently?
That’s why Silkin Management Group concentrates with new Silkin Management Group clients on establishing the proper management systems and staff training that will result in higher production, higher net, a well trained staff resulting in less stress for the doctor and a very saleable practice.
If you’d like to know more about Silkin Management Group, visit our blog: http://www.silkinmanagementgroup.blogspot.com/.
Jack Hennessy
Silkin Management Group Consultant