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whats up everybody so assuming youre running your own business as a therapist its really easy to forget to plan for retirement but assuming youd like to retire someday its super important to do this so in this video Im gonna go over the benefits of investing in a retirement plan name some of the most common retirement plans that work well for those in private practice and I also show you some ways that you can start planning for your retirement today welcome to private practice skills Im dr. Murray fangs psychologist in private practice I post videos offering tools I learned the hard way about starting and growing private practice so that you dont have to so once upon a time I used to believe that the only way to plan for retirement if you worked in private practice was to just slowly stow money away into a regular savings account but as it turns out there are some great retirement plans designed specifically for those of us running our own businesses and in many cases theyre