ER Doc Advisor - Financial Planning & Taxes for Emergency Physicians

EP 220: Retiring to Locums

Today we're diving deep into a retirement strategy that's gaining traction—we'll call it "phased retirement." Instead of the traditional abrupt transition from full-time work to complete leisure, phased retirement allows Emergency Physicians to gradually wind down their careers by transitioning to locum tenens positions.

This approach offers a multitude of benefits, both financial and psychological, which we will discuss.

Topics Discussed:   

  • Why the transition from full-time work to not working at all can be hard.
  • The dynamics that shift when retiring and the benefits of a phased transition.
  • Why more people are choosing phased retirements.
  • What a locum is and how it can help transition your life and career.
  • The stats on retirement happiness and “recovery” of quality of life.
  • Common issues people have with running out of money in retirement.
  • The importance of maintaining routine, purpose, and even some work.

Resources Mentioned:

Tags:

phased retirement, partial retirement, retirement planning, purpose, transitions, retirement problems, life changes, Locum, emergency medicine, ER doc, ER doctor,