VIDEO: For physicians, retirement is a ‘process, not an event’
LOS ANGELES — In this exclusive video perspective from GI Outlook 2019, Harish Gagneja, MD, from Austin Gastroenterology in Texas, discusses the different ways physicians can adjust to retiring from practice.
“When we plan for retirement, what are we retiring to, and what are we retiring for,” Gagneja said to Healio Gastroenterology and Liver Disease.
Although most physicians retire by age 65, Gagneja said many face tough decisions that lead them to stay working past that age. It could be due to financial concerns, pressure within a relationship or just because they enjoy practicing medicine.
Setting up a solid foundation to land is crucial to life after retirement. Gagneja said physicians have many options available, including splitting time, moving into administration and even consulting for Wall Street.
“Getting the retirement you deserve is ultimately your responsibility,” Gagneja said. “Planning a retirement takes the same level of planning as applying for medical school or residency. So please plan for it. Don’t just think that retirement is an event.”
Disclosures: Gagneja reports no relevant financial disclosures.