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FDP Forum / Moe's Tavern (_8^(I) / Maintaining Professional Licenses During Retirement?

5Strats
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Edmond/OKC

GospelBilly!
May 15th, 2019 09:57 AM   Edit   Profile  

I just paid my bar membership dues for Pennsylvania and the District of Columbia.

While I'm retired, I worked incredibly hard to get these law licenses AND I want the option of "coming off the bench" if needed.

Is anyone else keeping their professional licenses during retirement?

mfitz804
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Staten Island, NY

Our resident rational liberal
May 15th, 2019 10:11 AM   Edit   Profile  

I am not at that point, but every lawyer i ever knew that retired did exactly what you're doing.

I plan to maintain mine should I ever be able to retire. that way, if I ever need to do a real estate closing or a Will for someone, I have the ability to do so.

Also, I believe in New York you need an active license to be paid a referral fee from another attorney if you refer them a matter; I would also like to maintain my ability to do that. I am not sure if one of those "non-active" registrations allows you to do that.

BrentD
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Michigan

May 15th, 2019 10:21 AM   Edit   Profile  

I went to retired status in PA when I changed careers. You can maintain active status now without CLEs if you're out of state and not practicing, but when I "retired" it was not an option.

BrentD
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Michigan

May 15th, 2019 10:26 AM   Edit   Profile  

^ I'll add that after three years of "inactive" status, it seemed like substantially the same requirements for going back to "active" except I didn't have to pay $75 a year.

Chris Greene
FDP Host

Idaho, USA

Buy your virtue signal here
May 15th, 2019 10:30 AM   Edit   Profile  

I would. I should have probably kept my financial licenses (like my Series 7). Then again, when I retired, I never worked another day in the field.

mfitz804
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Staten Island, NY

Our resident rational liberal
May 15th, 2019 11:39 AM   Edit   Profile  

^ There's probably a very good argument for giving them up and never looking back!

Timmer
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Shreveport, LA

There I was one night...
May 15th, 2019 11:49 AM   Edit   Profile  

When I retired from coaching soccer, I let my USSF A license lapse. Now I carry a lifetime B license. I may return to coaching again when I retire from my current profession. So a B is still good.

ECS-3
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USA / Virginia

May 15th, 2019 12:26 PM   Edit   Profile  

I gave mine up and never looked back!

Law stuff might be different, but in engineering once you are out of the loop a few years that's it, nobody is going to want you after that.

I became obsolete and I'm proud of it!

themaestro
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Wichita, Kansas

Drums = pulse, Bass = heartbeat
May 15th, 2019 12:42 PM   Edit   Profile  

Not a professional cert, but a good story about my dad...

His driver's license had a motorcycle endorsement. So at about 84 years old, he had to renew. Here is this old guy with a very feeble heart and in a power scooter. He told them he wanted to keep his MC endorsement. The DMV lady couldn't believe he would want that. He told her that he qualified for it and he was going to get it.

He never asked for anything he didn't deserve, but he expected what was due him.

Me, I had some information technology certs when I retired. I decided not to renew them. Like ECS-3 says, in tech, if you don't constantly keep up, you fall hopelessly behind. I also knew that I would not be going back into an IT job.

HenryJ
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Bogue Falaya River

is STILL dark and cold.
May 15th, 2019 02:05 PM   Edit   Profile  

I passed the CPA exam several years ago. I retired in Fall 2017. I kept up the full certification for 2018 since I had enough CPEs. Since I had quit taking CPEs, I applied for the "Inactive" status for $50 instead of the $100 for active status.

MC117
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USA

May 15th, 2019 02:44 PM   Edit   Profile  

I will maintain licenses indefinitely.

18megohm
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San Antonio, TX

Glad that's over
May 15th, 2019 03:26 PM   Edit   Profile  

My wife has the series 6, 66, & 7 licenses. She also is a CFP. She has to complete CE courses every year to keep her licenses and designations. The company she works for pays for the courses. I believe that if you lose your license you have to retake the test. She studied hard for the 7 and CFP so we would probably pay for the courses if she thought she might hang out a shingle after retirement.

FlyonNylon
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East Tennessee

May 15th, 2019 03:50 PM   Edit   Profile  

It's a long way away but I probably won't.

Would like to semi-retire at fifty. will keep licenses until at least 60 or so to be able to pick up shifts part time.. but after that, it's nearly a thousand dollars a year to maintain so not really worth it.. who knows though.

5Strats
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Edmond/OKC

GospelBilly!
May 15th, 2019 04:56 PM   Edit   Profile  

It's good to have this option in your back pocket, in case things in my life change dramatically and I need to go back to practicing law.

ps - I have reoccurring dreams that I'm back at work (at a firm or in-house with a large corp) and I'm trying to meet a deadline on a brief that needs to be filed that day or something similar. I wake up stressed out, but then remember I'm not doing this anymore.

saturn
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Back In The UK!

Swinging The Lead
May 15th, 2019 05:56 PM   Edit   Profile  

I haven't kept up anything over the years. I bumped into a couple of colleagues earlier who still spend most of their time obsessing over our past history. Not for me, I have moved on and put it all behind me. If you still need it, all and well.

Mikeyguitar
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PA - USA

THAT...IS...RIGHT!
May 16th, 2019 07:04 AM   Edit   Profile  

I suspect all of you guys will maintain your fishing licenses upon retirement.
:^)

MJB
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Who's we sucka?

Smith, Wesson and me.
May 16th, 2019 07:22 AM   Edit   Profile  

No Professional Licenses but I keep my Ham Radio license up to date even though I haven't been on the air in 15 years.

I let my motorcycle endorsement go when I moved to FL.

Senior citizens in FL don't need a fishing license. :o)

mfitz804
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Staten Island, NY

Our resident rational liberal
May 16th, 2019 07:46 AM   Edit   Profile  

"ps - I have reoccurring dreams that I'm back at work (at a firm or in-house with a large corp) and I'm trying to meet a deadline on a brief that needs to be filed that day or something similar. I wake up stressed out, but then remember I'm not doing this anymore."

I don't have that dream, because I'm still living that every day, BUT I do still have frequent dreams centered on getting to my law school classes on time and/or accidentally missing a final exam because I forgot (which never happened in real life at any educational level). or just waiting for my grades to come out.

And there's also the ones where the school contacts me (after 18 years at this point) to let me know I don't have enough credits to graduate (which happened 18 years ago).

This crap will mess you up for life, is the take away I am getting.

5Strats
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Edmond/OKC

GospelBilly!
May 16th, 2019 09:20 AM   Edit   Profile  

mfitz804 - I still have the law school dreams too. Its usually that I've not graduated yet I'm stressing about having enough credits. I also take exams for classes I didn't or rarely attended.

FDP Forum / Moe's Tavern (_8^(I) / Maintaining Professional Licenses During Retirement?




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