Ten Reasons to Delay Your Early Retirement by Five to Ten Years

You have met your savings goals, and the calculators, gurus, bloggers, and advisors all agree that you are financially independent and can pull the early retirement trigger. 

Before doing so, here are a handful (or 10) reasons why you should delay doing so for a handful (or 10) years, along with some musical accompaniment.

Ten Reasons to Delay Your Early Retirement by Five to Ten Years

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You went into this medical thing for a reason, spent 4 years in med school, 3-10 years or more training, in large part so you could have the experience to assist people during a time of physical and or emotional need.

1. “Truckin’ ” Grateful Dead

You have already done the hard work of building your career, and the wind is at your back. While some might even suggest that it is your duty to practice, if you are still able, why not just keep enjoying the long, strange trip.

Most medical specialties are in demand, and that allows creative and forward thinking MDs to craft their own schedules.

2. “Work less, smile more”

If adding to the nest egg is not as high a priority, you can work less, creating time and space for family, hobbies, and interests, while a decent income keeps rolling in. You do not have to go cold turkey.

As a prospective early retiree MD, you have no doubt been a super saver and hard worker, and you were likely laser focused on the career for many years. Do you have enough hobbies and interests to keep you busy and engaged?

3. “Sittin’ on the Dock of the Bay”  Otis Redding

Now that the career is in the bag, you can divert some of your focus to your hobbies, interests, additional education, and charitable work, while you work, and you will be better prepared for the next phase of your life.

If you retire sooner, rather than later, you might find yourself alone much more than you are accustomed. Maybe your significant other works or has his/her own routine.

4. “Only the Lonely” The Motels

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