A Dose Of Reality For Geriatric Scientists
Your estate planning lawyer already knows that you never want to retire. In fact, your lawyer probably knew that by the time your first consultation was finished, when you said that you worked for a university in a STEM field. People whose jobs are as intellectually and socially engaging as yours do not count the days and years until retirement. The musicians, economists, and academic scientists of the world say truthfully that their jobs do not feel like work. To say the least, though, this is not an easy time for science or for academia. The future of research funding is uncertain, even when that research could save millions of lives or restore millions of people to health. If you were looking for a reason to stop making excuses and retire, you have it. You may fear change, but change comes to everyone, whether they seek it out or avoid it. For help facing this change and getting accustomed to an emotionally fulfilling retirement, contact a Tampa estate planning lawyer.
You Should Retire Before the Young People Who Need the Money More Than You Do Lose Their Jobs
These are stressful times to be a professional scientist. Projects that have been going on for decades are scaling down their operations to a fraction of their original size, and new projects are getting paused indefinitely. If only a few scientists get to work this year, it will lessen the fierce competition if some people retire from academic science jobs voluntarily. Count your blessings and consider the long career you have had in research labs. You are in it for the love of learning rather than the money, but if you are honest with yourself, there are others in your field who need the money more than you do. If there are only a few science paychecks to go around in the near future, let them go to the scientists with young families. You will still be a science nerd of legendary proportions if your monthly paycheck comes from your retirement account instead of your university.
How Will You Manage Financially and Emotionally?
Every retiree eventually finds a new normal, and you will, too. Continue to attend conferences in your professional field. Stay in contact with your buddies from your former institution through email and WhatsApp groups, and meet up in person when you can. Academics have a high rate of unretirement, so you might end up back in the classroom before you know it, especially if you are willing to teach in the K-12 grades. As for finances, you know you are living within your means if you withdraw less than four percent of your retirement savings in a year.
Contact David Toback About Retiring From a Job You Love
A Central Florida estate planning lawyer can help you have the conversations with yourself that you have been avoiding, since even though you love your job, you can’t stay in the workforce forever. Contact David Toback in Tampa, Florida to set up a consultation.
Sources:
science.org/content/article/why-do-so-many-retirement-age-scientists-keep-working
