Professional psychology is facing a looming crisis. On one hand, there is an oversupply of clinical psychologists--a group generally facing decreasing salaries and growing competition. On the other hand, there is a shortage of school psychologists--a group experiencing increasing salaries and expanded role opportunities. Unfortunately, though, educators and practitioners have not fully addressed the issue of respecialization. In a basic way, just as a physician who changes specialties pursues rigorous, 3-year residency training, so psychologists interested in changing specialties should complete appropriate respecialization. This article explores the issues, controversies, and dynamics involved with respecialization.