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Making the End as Good as the Beginning: Financial Planning and Retirement for Women Plastic Surgeons

Johnson, Debra J. M.D.; Shenaq, Deana M.D.; Thakor, Manisha C.F.A.

Plastic and Reconstructive Surgery: October 2016 - Volume 138 - Issue 4 - p 935-940
doi: 10.1097/PRS.0000000000002556
Special Topics: Women in Plastic Surgery
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Discussion

Summary: Financial planning is critically important to ensure financial security both during a plastic surgical career and in retirement. Unfortunately, plastic surgery training includes very little in the way of financial planning. The information that is available in the literature is mostly geared toward men. Women, with longer lifespans and more family care responsibilities, have unique needs when it comes to financial planning. Adequate attention must also be paid to life after retirement. A plastic surgical career can be all-encompassing, and thus women need to carefully plan volunteer activities, new hobbies, and even a second career to make their retirement years fulfilling and enjoyable. Key points regarding financial planning during the various phases of a woman plastic surgeon’s career are discussed. Options for retirement are presented.

Sacramento, Calif.; Chicago, Ill.; and Portland, Ore.

From The Plastic Surgery Center; University of Chicago Hospitals; and Buckingham and The BAM Alliance.

Received for publication January 1, 2016; accepted May 13, 2016.

Disclosure:This article is the work of the authors, who received no financial support for its creation. Debra J. Johnson, M.D., and Deana Shenaq, M.D., have no disclosures. Manisha Thakor, C.F.A., C.F.P., is a financial advisor who works under Buckingham and the BAM Alliance, an organization of financial advisors. She is an author of two books on financial planning geared to women, for which she receives royalties.

Debra J. Johnson, M.D., 95 Scripps Drive, Sacramento, Calif. 95825, johnson@pscmail.com

Copyright © 2016 by the American Society of Plastic Surgeons