Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Drop Professional Certification?
Old 06-27-2007, 10:00 AM   #1
Thinks s/he gets paid by the post
Join Date: Jul 2003
Location: Pasadena CA
Posts: 3,194
Drop Professional Certification?

I am about 190 days from retiring. I was wondering about professional certifications. I am not an MD or lawyer that needs this to continue working, infact it was only required for the position I had before my promotion and the fellow who works for me now has. But I like the association and my certification. I thought of this as I just got me dues from my professional association and I asked myself; ‘would I go the National meeting?’—No, how about local chapter meetings?—No. Do I intend to get another job, consult or work part time in the profession?—No. I just like what I do and like my professional certification, it just seems like it is time to let it drop. Its only $100 a year to keep current and it is more of an identity thing.
T.S. Eliot:
Old men ought to be explorers
yakers is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 06-27-2007, 10:04 AM   #2
Thinks s/he gets paid by the post
Join Date: Apr 2007
Posts: 1,305
Originally Posted by yakers View Post
it just seems like it is time to let it drop. Its only $100 a year to keep current and it is more of an identity thing.
I believe you have answered your own question. This seems to be related to the 'one more year' syndrome.... but harmless. Either way seems fine, ...ease into it ... keep paying the $100 until you figure out that the only time you think about the cert is when you pay the bill.
Life is GREAT!
megacorp-firee is offline   Reply With Quote
Old 06-27-2007, 10:14 AM   #3
Thinks s/he gets paid by the post
Join Date: Mar 2007
Posts: 3,323
Great response to the question.
I was a workaholic type who quit closed a business rather suddenly. I can honestly say it took me about two years to really "get" that I was no longer working. Ease into whatever you do. You've surely earned it.
Orchidflower is offline   Reply With Quote
Old 06-27-2007, 11:35 AM   #4
Thinks s/he gets paid by the post
Join Date: Nov 2005
Location: North of Montana
Posts: 2,765
I renewed my professional certifications the month before ER. Megacorp paid. No harm in hedging your bets, but when it's my money, I doubt I'll do it.
There are two kinds of people in the world: those who can extrapolate conclusions from insufficient data and ..
kumquat is offline   Reply With Quote
Old 06-27-2007, 04:34 PM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2006
Posts: 11,401
Big question for yours truly. Took me many years of slavery to earn it, so I will want to be quite sure I won't need it again. Not an insignificant expense, either. I'm not there yet, so I will wait till much closer to projected RE date, which I may set so that I have several months to make that decision.
Meadbh is offline   Reply With Quote
Old 06-27-2007, 04:48 PM   #6
Moderator Emeritus
Martha's Avatar
Join Date: Feb 2004
Location: minnesota
Posts: 13,228
Not an insignificant expense for me either. I did get my law firm to agree to keep up my license for this year (in two states) and pay for continuing education. (Hey, I need to take a class sometime soon. . . )

At the end of the year, I think I can get them to pay for a few more years, at least to keep my Minnesota license. I don't know what I would do if I had to cover the cost. With CLE it gets pricey.

No more lawyer stuff, no more political stuff, so no more CYA

Martha is offline   Reply With Quote
Old 06-27-2007, 05:02 PM   #7
Moderator Emeritus
CuppaJoe's Avatar
Join Date: Jun 2007
Location: At The Cafe
Posts: 6,873
Just this morning I discovered my commission will expire exactly when I dream of leaving the job (4/09). No plan to extend it, that would be a job identity, I’m mentally composing the cover letter to turn in the books; the very thought of it might prevent the "one more year" cop out.
CuppaJoe is offline   Reply With Quote
Old 06-29-2007, 01:11 PM   #8
Recycles dryer sheets
Join Date: Feb 2004
Posts: 81
Pennsylvania allows CPA's to enter into an inactive status which eliminates the need for the 80 hours of continuing education every 2 years while at the same time permits one to keep their license. In order to reactivate, 80 hours of CPE must me completed in the two years prior to making application to reactivate.
roadkill is offline   Reply With Quote
Old 06-29-2007, 01:47 PM   #9
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
RunningBum's Avatar
Join Date: Jun 2007
Posts: 12,549
Before you drop it make sure you don't lose any potential benefit like being able to get a group health policy through it.
RunningBum is offline   Reply With Quote
Old 06-29-2007, 05:44 PM   #10
Thinks s/he gets paid by the post
tryan's Avatar
Join Date: Mar 2005
Posts: 2,525

A slave is someone who waits for someone else to free them
I think you answered your own question.
FIRE'd since 2005
tryan is offline   Reply With Quote
Old 07-01-2007, 09:00 PM   #11
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Brat's Avatar
Join Date: Feb 2004
Location: Portland, Oregon
Posts: 7,068
My DH continues to take professional development classes and maintain his licence in two states. He worked long and hard to earn them - even if his only clients are the kids that license has helped. Besides, it gives him an opportunity to confirm that senility hasn't set in.
Duck bjorn.
Brat is offline   Reply With Quote
Old 07-01-2007, 09:14 PM   #12
Moderator Emeritus
Rich_by_the_Bay's Avatar
Join Date: Feb 2006
Location: San Francisco
Posts: 8,827
Medical licensure in the states is on a state-by-state basis. The required training experience and documentation are truly crushing and the annual costs are substantial. Continuing education adds quite a bit. So it's not trivial.

I plan to keep one license active (one can work at the VA, military or other federal institutions with licensure from any state) and add others only if part-time work opportunities justify it (e.g. one set of kids live in California). But I'm way over keeping it for nostalgia purposes.

OTOH, for $100 and no fuss, I'd probably keep it active until it was clear that no possibility of return to work was in sight.
San Francisco Area
ESR'd March 2010. FIRE'd January 2011.

As if you didn't know..If the above message contains medical content, it's NOT intended as advice, and may not be accurate, applicable or sufficient. Don't rely on it for any purpose. Consult your own doctor for all medical advice.
Rich_by_the_Bay is offline   Reply With Quote
Old 07-01-2007, 09:47 PM   #13
Full time employment: Posting here.
Join Date: Feb 2004
Location: Okanagan Valley
Posts: 808
I kept my professional certifications upon retirement because: 1) moving to inactive/retired status dropped the fees almost in half, and 2) the certifications remain somewhat a continued validation of my university degree. I will drop them when I no longer care to pay the annual invoices.
AltaRed is offline   Reply With Quote
Old 07-02-2007, 05:39 PM   #14
Recycles dryer sheets
Bram's Avatar
Join Date: Dec 2006
Posts: 226
I didn't w*rk one minute on my 2005 nursing license renewal. So for the recent 2007 renewal I changed my status to inactive @ no charge. I still had to ponder & think over whether I wanted to "take that step". It felt somewhat like closing that door forever...... a ~good~ feeling!

Every step of the journey is the journey.
Bram is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Drop Adjustable Life Insurance Policy? kjpliny FIRE and Money 5 03-10-2007 11:26 PM
If not a professional, but getting paid, do I have to claim it? If yes, how? Fireup2020 FIRE and Money 5 03-09-2007 04:02 PM
Fidelity Contrafund sharp drop after Christmas 2006 Sam FIRE and Money 9 02-21-2007 08:51 AM
Expected returns? Professional Advisors? Edgar FIRE and Money 30 04-15-2006 01:27 PM
Will the young dreamers chances of ER depend on a market drop? wildcat Young Dreamers 6 05-27-2005 02:38 PM

» Quick Links

All times are GMT -6. The time now is 02:59 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2023, vBulletin Solutions, Inc.