How to Know It’s Time to Retire

How will you know when it’s the right time to retire? It’s a personal decision with so many variables.

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Let’s walk through my decision making and planning process and see how I went about this move. If you incorporate these things, you should have a smooth transition into your retirement years.

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How to Know It’s Time to Retire

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.

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The first thing I put in place was financial security. I had a plan since medical school to be financially independent by age 50 and able to retire.

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Purpose

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Winding down from full speed

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While I was debating what to do about maintaining my surgical skills, I went to the Idaho Author Awards Ceremony where I was awarded Non-Fiction book of the year for my first book

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That was a tipping point for me. If my writing was getting awards, then I was ready to move to the next phase of my life.

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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.

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How to Know It’s Time to Retire

How will you know when it’s the right time to retire? It’s a personal decision with so many variables.

Let’s walk through my decision making and planning process and see how I went about this move. If you incorporate these things, you should have a smooth transition into your retirement years.

How to Know It’s Time to Retire

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.

The first thing I put in place was financial security. I had a plan since medical school to be financially independent by age 50 and able to retire.

Finances

Purpose

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.

Winding down from full speed

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.

While I was debating what to do about maintaining my surgical skills, I went to the Idaho Author Awards Ceremony where I was awarded Non-Fiction book of the year for my first book

Book wins award

That was a tipping point for me. If my writing was getting awards, then I was ready to move to the next phase of my life.

Book wins award

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.

SWIPE UP NOW TO READ MORE

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