In this Merrill‑Lynch commercial, Dr. Chris Stout—a faculty member at the University of Chicago College of Medicine, Director of Research at ATI Physical Therapy, and founding director of the nonprofit Center for Global Initiatives—discusses his multifaceted professional life, his desire to retire early to devote more time to charitable work, and the financial and personal pressures he faces. He explains the need to fundraise for his nonprofit, support his two young children’s college education, and care for his aging mother while also assisting his wife’s mother in a nursing home. Dr. Stout describes the “sandwich” position he occupies, the responsibilities that keep him up at night, and the hypothetical financial scenarios his family has considered for future elder‑care and education costs. The narrative conveys his earnest commitment to both paid and volunteer work, his stress about balancing these obligations, and his hopeful outlook that his current situation is a work‑in‑progress that remains satisfying.
Chapters
Doctor Chris Stout. I live outside of Chicago, Illinois and I am a faculty member of the College of Medicine at the University of Chicago, Director of Research and ATI Physical Therapy. I'm also the founding director of the center for Global Initiatives which is a not for profit that focuses on global health projects. We work in places where no one else is.
Chris is a self made individual who works extremely hard to live a very well balanced life. Chris's goal is to retire early within the next three years and focus more on his charitable initiatives.
I enjoy the work that I do in all aspects, the paid work as well as the volunteer work. But I feel like there's the balance of being able to support the center with being a fundraiser for it, support my family and also being able to pay for college for my kids and support my mom as well.
Chris definitely is in a sandwich position where he has two young children. His wife Karen's mother is living in a nursing home near the Stouts. Chris's mother lives in Indiana and Chris is very much involved with her day to day life.
The kinds of things that keep me up at night are just really issues of responsibility. There's so many things that I don't feel like I have control over. Things that have direct impacts back on myself, my mother and my family.
We have prepared hypotheticals for the kids college expenses. As for Chris's mother, there is not an immediate financial need that we need to jump in and address. But what if she ends up in a nursing home? What if she needs someone to come into the house and take care of her? How would we fund that expense? We have discussed those issues.
I wouldn't have predicted 10 years ago that I'd be doing what I'm doing today. Demands come and go, they're stressful times of course, but I sort of take solace in the fact that I feel like where we're at right now, it's still kind of a work in progress. And it's immensely satisfying for me seeing
Chris who's doing so much for his family, but yet finds the time for the needs of others. It's inspiring for me definitely. I mean I look, get him in. I want to step it up 10 times than what I'm currently doing.