Fellow NPs: What's your strategy for retirement?

Specialties NP

Published

Fellow NPs: What's your strategy for retirement?

1) Retire by X age and let my license lapse (since will have no practice hours to renew license); Ball out and party and hope nothing happens to nest egg

2) Keep working the minimum amount to keep renewing your license; maintain the nest egg

I'm going with option 2, because I worked like a dog to get my FNP license, and can't stomach the thought of losing it and my skills upon retirement. Plus, if my family or relatives ever get into financial trouble, letting my license lapse wouldn't allow me to jump back into the workforce.

Currently I am credentialed through AANP, which requires 1,000 practice hours every 5 years. I've broken this down into 1,000 hours / 5 years / 8 hour shifts = 25 shifts per year.

I could basically work 2 shifts per month to maintain my license and go until I'm 80-85.

I think it's doable. I work in a clinic where our oldest practitioner is an 83-year old MD (he got bored staying at home doing nothing and came back).

What's your plan? Or even more interestingly are you already at retirement age and have already made the choice?

By or before 65. The way this market is going, hopefully before. Won't look back.

Up Vote Up Vote ×
Specializes in Hospital medicine; NP precepting; staff education.
Do primary care docs routinely do MMSEs or MOCAs, which I believe to be superior for mild cog deficits? Funny that you mentioned derm because there is one in this area who graduated over 40 years ago. Talk in town is no longer flattering.

My personal preference is physicians

I'm in the sweet spot! Awesome. Which means I've worked more than half my life in the field and will work another 30 years probably.

I don't feel I'm near the top of the hill yet.

Up Vote Up Vote ×
Specializes in Psychiatric and Substance Abuse Nursing.

With the current health insurance market turmoil of gov't administrations trying to privatize medicaid and probably medicare, at 41 I am planning on the worst and not expecting to retire at 65 due to refusing to pay a fortune for quality healthcare.

Up Vote Up Vote ×

i am hoping to scale back to 2 days a week in 2018 after I turn 57.

I keep my benefits at a FTE: 0.4, get out of the house and have an opportunity to do some critical thinking and

provide care. I have 5 days off a week.

I am hoping for a nonclinic job....hate being timecrunched and being alloted

Up Vote Up Vote ×
+ Add a Comment