ER Doc Advisor - Financial Planning & Taxes for Emergency Physicians

Ep 33: The Wrong Question About Retirement: Why "How Much Do I Need?" Misses the Point

We get asked all the time by MedSpa owners: “How much do I need to retire?” Surprisingly, the answer to that is actually, “You’re asking the wrong question.”

The real question is: How do you build a business that doesn’t just pay you—but frees you? In the MedSpa world, profitability is only half the equation; the other half is designing a model that runs without you, scales beyond you, and ultimately lets you choose when—and how—you step away.

WHAT YOU’LL LEARN:

  • Why a “retirement number” is just a placeholder, not a plan.
  • The four-step retirement readiness framework for MedSpa owners.
  • How to factor in healthcare, longevity, and inflation.
  • Strategies to turn your business into a sustainable source of income after you step back.
  • The questions you should be asking (instead of “How much do I need to retire?”).

Tags:

medspa owner, business profitability, financial planning, business strategy, exit planning, advisory team, tax planning, lifestyle creep, burnout, financial independence, growth strategy, cash flow management, payroll costs, scaling a business, selling a business

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