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If someone is retiring at 62, I assume you are saying they make at least $500k in that year. If someone is starting a year later, they either have to forego that $500k and retire at 62 or get that $500k and retire at 63, right?These “additional gap years” are financially killing y’all. Mind you, I am a retired 73 y.o. doc but that “last” year of practice you are giving up has a value, in today’s dollars, for a dermatologist, of AT LEAST $500k. Would that sum be helpful in any way? ( that figure, sadly for the new generation, used to be much higher, and we didn’t have the debt y’all have). Never forget, medicine may be your passion, but it is a BUSINESS and nobody in the education pipeline will teach you that. There is a big, big difference between how that “gap years” looks when you are 22 and how it looks, retrospectively, at age ~63 pre-retirement.
Not necessarily “on topic” but certainly something everyone on this board needs to know. You will never learn it through the current, traditional educational pathway.
If I may add. You have a completely valid point. However, the dynamics for medical school applications have completely changed over the last 20 years. The number of applicants only increase each year, making the requirements and competitiveness of the system only increase year after year. I can confidently say that the activities that students have to do now is not the same of what was required of pre-health students 30-40 years ago. Due to there being a set amount of spots available for matriculants, it forces many to have to take gap years.These “additional gap years” are financially killing y’all. Mind you, I am a retired 73 y.o. doc but that “last” year of practice you are giving up has a value, in today’s dollars, for a dermatologist, of AT LEAST $500k. Would that sum be helpful in any way? ( that figure, sadly for the new generation, used to be much higher, and we didn’t have the debt y’all have). Never forget, medicine may be your passion, but it is a BUSINESS and nobody in the education pipeline will teach you that. There is a big, big difference between how that “gap years” looks when you are 22 and how it looks, retrospectively, at age ~63 pre-retirement.
Not necessarily “on topic” but certainly something everyone on this board needs to know. You will never learn it through the current, traditional educational pathway.