Physician Retirement Considerations
A record number of physicians are nearing retirement age. Are you among them?
Ready to Hang Up Your White Coat?
More than two of every five physicians will reach age 65 within the next ten years. If you’re among this group of physicians who are ready to slow down, work elsewhere, or leave the workforce entirely, there are several factors to consider, including:
- Reasons driving your retirement decision: Are you leaving due to burnout, heavy call schedules, or productivity requirements? If those could be resolved, would you stay longer?
- Transition timeline: How much notice will you provide your employer?
- Post-retirement work: Will you want to continue working in some capacity?
- Lifestyle: What are your post-retirement activities, hobbies, or travel plans?
Considering these factors and seeking guidance from peers, your employer, and various advisors — as well as scanning the helpful articles below — can inform your decisions about when and how to retire.
