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A Survey of Retirement Planning by Texas Psychiatrists

Department of Psychiatry (Dr Baker), University of Maryland at Baltimore, Baltimore, MD, and the Departments of Psychiatry (Drs Warren and J. Muraida) and Medicine (Dr G. Muraida), The University of Texas, Health Science Center at San Antonio, San Antonio, TX.

Bruce H. Warren, MD, PhD

Department of Psychiatry (Dr Baker), University of Maryland at Baltimore, Baltimore, MD, and the Departments of Psychiatry (Drs Warren and J. Muraida) and Medicine (Dr G. Muraida), The University of Texas, Health Science Center at San Antonio, San Antonio, TX.

JoLynn Muraida, MD

Department of Psychiatry (Dr Baker), University of Maryland at Baltimore, Baltimore, MD, and the Departments of Psychiatry (Drs Warren and J. Muraida) and Medicine (Dr G. Muraida), The University of Texas, Health Science Center at San Antonio, San Antonio, TX.

Gerard Muraida, MD

Department of Psychiatry (Dr Baker), University of Maryland at Baltimore, Baltimore, MD, and the Departments of Psychiatry (Drs Warren and J. Muraida) and Medicine (Dr G. Muraida), The University of Texas, Health Science Center at San Antonio, San Antonio, TX.

Forty-six percent (274 of 600) of the members of the Texas Society of Psychiatric Physicians responded to a mailed survey that addressed retirement issues. Forty-seven percent of respondents were 60 to 69 years of age. Only 12% were female. Ninety-one percent were white, with 86% of respondents married. Only 24% of the sample (66 of 274) were retired at the time of the survey. Although engaged in more than one area of professional activity, 71% were involved in private practice, with 51% practicing in a private office. The major reasons for retiring were "a full life and ready to change pace" (52%) and "retired to pursue other interests" (25%). Twenty percent retired because of physical illness. A mixed financial package formed their retirement package, which included social security (80%), personal savings (73%), Keogh (64%), and state/US government monies (39%). Retired psychiatrists were interested in receiving additional information on successful patterns of retirement (21%), maintaining emotional and physical health (17%), and material on the problems and trials of retirement (15%). Leisure-time activities were varied, and most psychiatrists reported two to four activities. According to 39% of the sample, retirement should be discussed during medical school, 46% indicated that it should be discussed during residency training, and 80% selected Continuing Medical Education courses. (J Geriatr Psychiatry Neurol 1993;1:14–19).

Journal of Geriatric Psychiatry and Neurology, Vol. 6, No. 1, 14-19 (1993)
DOI: 10.1177/002383099300600102


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