Why work if you have enough money to retire?

If you can afford to retire, why are you still working? It’s a question I find myself pondering from time to time, and you may be in a similar boat.

At first blush, as someone who retired from anesthesiology at the age of 43, I may seem like the poster child for those who say Yes to retirement and No to work.

The truth, however, is that I not only continued to work in medicine for nearly five years after I realized that I could afford to retire, but that I also continue to work in a different capacity to this day.

Why Work When You Can Afford to Retire?

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Newton’s first law of motion is a tough one to overcome. A career in motion tends to stay in motion. An abrupt change in direction or a complete stop requires a strong outside force, and it’s often easier to let the ball keep rolling. Continue the status quo.

Inertia

Health insurance is the most frequently cited, all-important benefit, but there are a number of others, including but not limited to 401(k) or 403(b) matching and profit sharing, disability insurance, life insurance, dental and vision coverage, ect.

Benefits

What if mortgage rates double in six months?  Oh, crap. They already did. Welcome to 2022!Based on historical market returns, you have an excellent chance of making your money last when you retire with 25 years’ worth of expenses saved up. 

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