Event Details
Optimising Your Financial Affairs in the Transition to Retirement
Date:
20 Apr 2024 at 9:00 AM to 1:15 PM
Location:
RACP Brisbane Office Herston QLD
Host:
RACP Queensland and The Professional Medical Practice
This in-person workshop supports members' financial wellbeing and has been curated for experienced Fellows looking to review their financial strategies as they move towards retirement. This session will provide practice information on how to look at winding down your practice and/or the potential for the sale of your practice to another doctor.
The Professional Medical Practice (PMP) has supported the RACP since 2018 to provide these well-curated and highly regarded educational workshops to members. Experts from William Buck Business Advisory and Wealth, Mahoney Lawyers, and Medical & General Risk Solutions will be supporting this in-person event.
The College is recording Continuing Professional Development (CPD) activities for Fellow involvement in College organised CPD activities. We are pleased to confirm that your time at the Optimising your financial affairs in the transition to retirement workshop will be recorded in your 2024 MyCPD summary by the College.
Registration and refreshments 8:30 to 9am.
Workshop: 9am to 1.15pm
Program Highlights:
- Accounting & Structuring
- Winding down structures and beneficiary loans
- Succession planning
- Frequently Asked Questions
- Valuation Methodology of a Private Practice
- Income tax rates in retirement
- Financial Planning & Wealth Creation
- Superannuation- transitioning superannuation assets from accumulation to pension phase.
- How to Structure assets, investments, and loans in the lead up to retirement
- Superannuation
- Overall, Wealth Structure
- End Game - What are we working towards?
- Legal Considerations & Strategies
- Will & Estate Planning
- Selling/winding down practice
- Asset Protection- is it still relevant post-retirement?
- Passing assets onto children- now or when I die?
- Winding down my private practice from a general and PI insurance perspective
- PI when retiring
- When can I start to wind back some of my general insurances?
- Do I need any insurances if I transfer/sell my patient base to another doctor?
- Case studies
Q&A Session
Registration is essential as places are limited. Please register early to avoid disappointment.
Register
Location
Event partner – The Professional Medical Practice
