Pre-retirement starts at the beginning of a career and extends throughout a career by developing and maintaining interests and activities that can be expanded and deepened when the all-consuming work of science and medicine is not a faculty’s sole focus. Any life transition is difficult, and consideration of how you might retire and the timing of retirement lead to these important questions:
- What will my post retirement activities include?
- What relationship to UMMS/UMMMG would I want to maintain or expand?
- What will be hard for me in the transition to retirement and what will be easy?
- When will I be financially and professionally ready to take that step?
- Do I have all the information I need to make decisions? (see the resources below to help)
Would an individual career consultation for transition to retirement be beneficial to help you identify gaps in knowledge or areas for further exploration or discussion with your colleagues, Division Chief, Chair, or Dean? Retirement can offer an opportunity to invest in yourself and focus on personal life goals, new opportunities and challenges. As longevity increases, many retirees take up new careers, pursue life goals that were postponed, or give back in new ways to their communities. Take a look at the Transition through Retirement Checklist for help with your decision making.
UMMS/UMMMG Online Resources
Scarrow AM, Linskey M, Asher AL, Anderson VC, Selden NR. Neurosurgeon transition to retirement: results of the 2007 Congress of Neurological Surgeons Consensus Conference. Neurosurgery 2009;65:231-5.
Taylor, JL, Kennedy Q, Noda A, Yesavage JA. Pilot age and expertise predict flight simulator performance: a 3 year longitudinal study. Neurology 2007:68:648-54.
Merline AC, Cull WL, Mulvery HJ, Kathcer AL. Patterns of work and retirement among pediatricians aged > 50 years. Pediatrics 2010;125:158-64.
Alexander H, Liu CQ. The aging of full time US Medical School faculty:1967-2007. AAMC Analysis in Brief 2009;9: (4)
Orkin FK, McGinnis SL, Forte GJ, Peterson MD, Schubert A, Katz JD, Berry AJ, Cohen NA, Holzman RS, Jackson SH, Martin DE, Garfield JM. US Anesthesiologists over 50: retirement decision making and workforce implications. Anesthesiology 2012;117:953-63.
Adams GA, Rau BL. Putting off tomorrow to do what you want today: planning for retirement. Am Psychologist 2011;66:180-192.
Michael North and Hal Hershfield. Four Ways to Adapt to an Aging Workforce. Harvard Business Review April 8, 2014. Link
Rebecca Knight. Plan a Satifying Retirement. Harvard Business Review September 4, 2014. Link