When is the best time to sell my practice?
To determine the best time to sell a practice, the doctor should consider two questions. First, is there something else the selling doctor would rather do? This could include spending time with family, traveling, serving at church, or working as an associate or in a different career entirely. Second, can I afford to retire? The seller should speak with their CPA and financial planner to ensure that they do not run out of funds after the sale of the practice. Early retirement planning is important because the proceeds from the sale of the practice supplement the retirement account.