retirement
How will you know when it’s the right time to retire? It’s a personal decision with so many variables. Many people have asked me how I knew it was the right time to retire. They are struggling with the decision and are afraid to pull the trigger too soon.
A few things I considered and put into place before I made the move. If I would have skipped one of them, I might have regretted the decision.
Now I feel very comfortable with the amount I have saved, and I don’t worry about overspending anymore. In fact, I have loosened up the purse strings even more and increased my giving and spending.
If one retires with no clear plan as to what to do with all their free time, there is a big risk of becoming bored and feeling the need to return to work.
Another thing I worried about was dropping from a full practice to nothing. As a type A personality, I didn’t think I would do well if I just quit one day. Going from 60 hours a week to nothing is a big jump.
Before you think about retiring, be sure to have enough money, a new purpose, and the desire to no longer practice medicine. If you have all these, you will have a great time in your retirement.