Contemplating retirement can be both intimidating and exciting. For physicians it can be hard to consider this stage. Your career – medicine – is more than a job, it is a way of life and part of your identity. When preparing for retirement, you will want to consider what this means for both you and your practice. The NBMS recently launched a suite of tools to serve as a starting point for both.
The retirement suite includes information on the financial aspects of retirement planning, including the comprehensive Guide to Retirement Planning from our partners at MD Financial Management (MD) and Scotiabank as well as links to contact local representatives.
Planning for retirement years ahead of time gives you the best opportunity to either find someone to take over your practice or find new clinic homes for your patients. Engaging in this planning process early can help ease the anxiety about the process and enable a more seamless transition. It is typically not as easy as simply closing your doors. The retirement suite helps you explore your options, learn more about what young physicians are looking for today and understand your professional responsibilities when it comes to notifications, continuity of care and medical records.
Although financial planning and practice retirement planning are very important to a successful retirement, there is still another essential and often overlooked aspect to consider in order to maximize retirement success: how to develop a meaningful and rewarding life after medicine. The retirement suite includes information on a workshop offered through the NBMS entitled “Your Life after Retirement” that addresses the “softer side” of retirement.
For more information or if you’re having trouble accessing the site, please contact Jennifer Scott Harris at jscottharris@nbms.nb.ca.
Jennifer Scott Harris, Member Engagement Specialist
