Articles related to RETIREMENT

Discover why a significant number of your peers are delaying retirement and explore the factors that keep them committed to their practice. Learn how you too can navigate this challenging decision effectively.

Discover the range of fulfilling alternative career paths available for physicians considering early retirement; from state government to literary pursuits, your expertise can find a new home.

The increasing age of physicians calls for a reevaluation of competency and safety in medical practice. Mandatory evaluations as physicians age could be a crucial step in maintaining high standards of care.

Explore the unexpected physician retirement challenges, from health impacts to personal fulfillment, and uncover strategies to transition smoothly. Physician retirement challenges often go unaddressed, with many dreaming of a life filled with leisure activities. Typically, doctors spend over two decades providing for their families, caring for patients, and planning for retirement. However, it’s important to realize that this transition might not be as blissful as expected. Suddenly, there’s ample free time, which can lead to anxiety and feelings of emptiness. Indeed, physicians can find themselves missing patient interactions and the daily productivity rewards that their career offered. Surprisingly, many realize that their self-esteem and happiness are deeply connected with caring for patients and being productive daily. Moreover, studies show that loneliness can negatively impact longevity. Retirement can also lead to a sedentary lifestyle, negatively affecting physical health. It’s troubling to note that retirees, after adjusting for factors like age and comorbidities, were found 40% more likely to experience a heart attack or stroke compared to those still working, as per a Harvard study. Retirement can also be a mentally challenging time. Doctors may find themselves grappling with feelings of depression, loneliness, and anxiety. It’s important to prioritize mental health, seek […]

The article emphasizes the importance of finding fulfillment and purpose in dentistry beyond financial success. It highlights the phenomenon of dentists becoming enmeshed in their professional identities, which can lead to anxiety, depression, and despair when they retire or experience burnout. The author shares their personal experience of reevaluating their priorities and finding a way to achieve financial freedom while prioritizing time with their family. They urge dentists to break away from societal expectations and focus on their unique identities and purpose. The article encourages dentists to redefine success and find joy and prosperity in their work and personal lives without constantly striving for more. It concludes by emphasizing the importance of starting the journey towards retirement and inner peace now, rather than viewing it as a distant goal.

The pandemic has caused doctors stress, financial loss, and other issues, (approximately 8% of doctors (representing about 16,000 practices) closed their doors in 2020), but physician dissatisfaction with the profession has been an issue for years. According to a 2018 survey, 54% of those polled were thinking about retiring in the next five years (including 30% of those under 50). Why? What are the primary reasons that so many doctors want to retire?