We enter medicine with a mission, but it’s a very demanding profession.
Too often, physicians carry the weight of delayed gratification into retirement, only to discover that time and health—the very currencies of life’s richness—are no longer in their favor. Let me share a story that underscores this sobering truth.
The Unseen Cost of “Someday”
A colleague of mine, a retired urologist and Navy veteran, embodied discipline.
For decades, he lived modestly, prioritized savings, and delayed luxuries in pursuit of a “perfect” retirement. Five years ago, he hung up his white coat, envisioning golden years filled with travel, hobbies, and time with family.
Today, he’s a frequent visitor to the hospital—not as a provider, but as a patient.
He has endured spinal surgeries, a compromised immune system, and dwindling mobility. Those have dimmed his retirement dreams of travel and adventure.
His story isn’t unique. Many physicians sacrifice today for tomorrow, only to find that tomorrow arrives with unforeseen limitations.
The Physician’s Paradox: Prudence vs. Presence
As physicians, we’re trained to prioritize long-term outcomes. We save diligently, minimize risk, and delay gratification—a mindset that serves patients well but can backfire in retirement planning.
Financial security is critical, but it’s only half the equation. What good is a well-funded retirement if you lack the health or ability to enjoy it?
Consider this:
The average physician retires in their mid-60s, yet research shows that mobility declines and chronic conditions often escalate in later decades.
Waiting until 65 to hike the Alps, learn a language, or spend months with grandchildren risks missing the window entirely.
Redefining Retirement Planning: Freedom Before Fragility
At Vernonville.com, I advocate for a balanced approach:
Build wealth not just to retire, but to live fully at every stage.
Here’s how:
(1) Invest in Experiences Now.
Allocate time today for experiences that matter now—whether it’s a sabbatical, an extended family trip, or a mission trip. These aren’t indulgences; they’re investments in lifelong memories.
(2) Optimize for Flexibility.
Structure investments to provide liquidity and cash flow during your peak living years (50s–70s). Tools like real estate investments, income funds, dividend portfolios, or private equity can generate income without locking capital indefinitely.
(3) Prioritize Health as an Asset.
Just as you diversify financially, invest in preventive health. Regular check-ups, fitness, and stress management aren’t just personal care—they’re strategies to protect your retirement quality of life.
My friend’s story didn’t have to end this way.
Imagine if he’d taken that dream fishing trip to Alaska earlier or renovated his beach house while still physically able.
Retirement shouldn’t be a cliff edge but a bridge—one you cross with intention, savoring each step.
To my fellow physicians: Let’s reframe retirement planning.
Yes, save and invest aggressively. But also live aggressively.
I advocate in my own life and for you to focus on investing smart to have the freedom to thrive today.
Don’t wait for a “perfect” retirement to check off that item on your goals list.
The perfect time is now, while you have the health and vitality to enjoy it.