Retirement Planning for Physicians

Levis, Joanna; Markle, David S.

doi:10.1016/j.aan.2009.07.007

Advances in Anesthesia

2009

DOI: 10.1016/j.aan.2009.07.007

|View full text |Cite

Retirement Planning for Physicians

Joanna Levis¹,

David S. Markle²

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...

Citation Types

Supporting

Mentioning

Contrasting

Year Published

2017

Publication Types

Select...

Article1

Relationship

Self Cite0

Independent1

Authors

Journals

Cited by 1 publication

(1 citation statement)

References 0 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…7,8 These challenges are exacerbated by the likelihood that Canadian physicians will not have an employer-sponsored pension and must take the initiative to invest for retirement independently. 9,10 Inadequate retirement planning can have consequences for both patient care and the individual physician. For the individual, retiring without sufficient planning risks an abrupt loss of their professional social network and threatens the identity and purpose that their career provides.…”

mentioning

confidence: 99%

Planning for retirement from medicine: a mixed-methods study

Silver

Easty

2017

CMAJ Open

View full text Add to dashboard Cite

Background: Evidence suggests there are important personal and social consequences associated with inadequate retirement planning for physicians. We evaluated whether academic physicians felt satisfied with their retirement planning, and identified obstacles to retirement planning and a set of factors to facilitate retirement planning. Methods:We applied a sequential mixed-methods research design to explore and examine factors that facilitate academic physician retirement planning using data collected from multiple sources (including 7 focus groups, an internet-based survey and 23 in-depth interviews). We examined survey results regarding retirement planning satisfaction and preferences for complete versus gradual retirement. We used thematic analysis to examine verbatim transcripts and notes from the focus groups and interviews.Results: Survey data (response rate 51%) indicated that 10% of respondents were very satisfied with their retirement planning and 89.5% would prefer to retire gradually rather than stop work completely. Key barriers to retirement planning that emerged included poor personal financial management, rigid institutional structures and professional norms. Facilitators included financial planning resources for physicians at multiple career stages, opportunities and resources for later-career transitions and later-career mentorship support for intergenerational collaboration, and recognition of retirees.Interpretation: Key findings highlight perceived barriers to retirement planning at various career stages in addition to factors that can enhance physicians' retirement planning, including creating gradual and flexible retirement options, supporting ongoing discussions about financial planning and later career transitions, and fostering a culture that continues to honour and involve retirees. Medical institutions could foster innovative models for later-career transitions from medicine in ways that address physicians' needs at various career stages, support gradual transitions from practice and recognize the value of experienced, capable later-career physicians and retirees. Abstract ResearchResearch CMAJ OPEN E124CMAJ OPEN, 5(1)

show abstract

mentioning

confidence: 99%

Planning for retirement from medicine: a mixed-methods study

Silver

Easty

2017

CMAJ Open

View full text Add to dashboard Cite

show abstract

scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.

Contact Info

hi@scite.ai

10624 S. Eastern Ave., Ste. A-614

Henderson, NV 89052, USA

Blog Terms and Conditions API Terms Privacy Policy Contact Cookie Preferences Do Not Sell or Share My Personal Information

Made with 💙 for researchers

Part of the Research Solutions Family.

Retirement Planning for Physicians

Cited by 1 publication

References 0 publications

Planning for retirement from medicine: a mixed-methods study

Planning for retirement from medicine: a mixed-methods study

Contact Info

Product

Resources

About