Physicians perform capacity assessments for different reasons and in different circumstances. They commonly assess capacity in their day-to-day practices for the purpose of obtaining informed consent to care. However, they may also be asked to conduct capacity assessments for reasons unrelated to clinical treatment.
If you have recently retired and are in your mid-60s, you have a choice to make. Do you take your government pension entitlements, or defer them to a later date in order to receive a higher amount?
Unlike other professionals, most doctors don’t have the option of increasing their earnings to make up for losses after a divorce. Financial recovery will take time and good planning, especially with new costs such as spousal support.
Now is not the time to panic. Dr. Mark Soth, the man behind the physician finance blog Loonie Doctor, discusses how the pandemic hit doctors’ incomes and what he tells physicians about saving for retirement.
