According to a report by the ADA Health Policy Institute,
the average age of dentists at retirement has increased almost four years
between 2001 and 2013:
2001 – 64.8 year
2003 – 65.4 years
2005 – 66.2 years
2007 – 67.1 years
2009 – 67.4 years
2011 – 68.3 years
2013 – 68.7 years
When asked, dentists express a variety of reasons they choose to practice until almost 69 years of age. Some remain for pure enjoyment of the profession and the feeling of productivity in a career they still value. Many express regret for a lack of planning and funding for retirement, excessive debt, or other financial problems that force them to stay in practice. Some continue to practice until a son, daughter, or protégé is ready to take over the practice. Lower annual profit in many practices due to reduced managed care fees, increased costs, and the general economic slowdown portends more years in active practice for a number of practitioners. Whatever the reason, you may find yourself among many of your peers who will practice well beyond the average retirement age of 65.
2003 – 65.4 years
2005 – 66.2 years
2007 – 67.1 years
2009 – 67.4 years
2011 – 68.3 years
2013 – 68.7 years
When asked, dentists express a variety of reasons they choose to practice until almost 69 years of age. Some remain for pure enjoyment of the profession and the feeling of productivity in a career they still value. Many express regret for a lack of planning and funding for retirement, excessive debt, or other financial problems that force them to stay in practice. Some continue to practice until a son, daughter, or protégé is ready to take over the practice. Lower annual profit in many practices due to reduced managed care fees, increased costs, and the general economic slowdown portends more years in active practice for a number of practitioners. Whatever the reason, you may find yourself among many of your peers who will practice well beyond the average retirement age of 65.
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