Craig Toberman Featured on White Coat Investor: Ways Physicians Can Maximize Practice Value Before Retirement
In a recent article for White Coat Investor titled “Planning to Retire? Exit Strategies for Physician Private Practice,” Craig Toberman, CFA, CPA, CFP®, Partner at Toberman Becker Wealth in St. Louis, shares expert strategies for helping physician owners secure their legacy and maximize their practice’s value before transitioning to retirement.
He emphasizes that while private practice ownership offers rewards such as higher earning potential and professional autonomy, it also presents unique challenges that require careful management.
Craig outlines three key steps and shares expert strategies you can implement to ensure your professional legacy is well-established:
- Start Planning Early: A well-prepared exit strategy, developed 2-3 years before retirement, allows physicians to optimize their practice’s valuation and transition effectively.
- Optimize Your Practice for a High-Value Sale: Enhancing a practice’s appeal to potential buyers requires financial transparency, expert guidance, and risk mitigation.
- Structure the Sale to Your Advantage: Proper sale structuring protects retirement assets and ensures a smooth handover.
Book a call with our team to learn more about the strategies that minimize financial, medical, and tax liabilities throughout the transition into retirement.
About Toberman Becker Wealth
Toberman Becker Wealth is a fee-only financial advisory firm based in St. Louis, Missouri. It specializes in comprehensive financial planning for families and businesses.
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Craig Toberman is a Partner at Toberman Becker Wealth – a fee-only, fiduciary financial advisor based in St. Louis. He assists families and businesses with strategic financial planning and long-term wealth management. He has over a decade of experience in financial services and has crafted custom financial plans for hundreds of families and businesses.