not meant to be a personal attack. but I doubt you will have the guts to actually pull the trigger and fully retire. i do like your blog though.
Oooh, he’s calling you out.
So here’s the question for the internet retirement police. If he quits practicing but keeps blogging is that “fully retiring” or not?
If you have a blog about early retirement, I think it’s a fair question for discussion whether you yourself will actually retire from medicine in your 40’s, I mentioned this since it relates to this thread. I know there is a sensitive person on the thread who thinks I am trolling but I stand by everything I’ve written respectfully.
fatlittlepig
If you have a blog about early retirement, I think it’s a fair question for discussion whether you yourself will actually retire from medicine in your 40’s...
If you have a blog about early retirement, I think it’s a fair question for discussion whether you yourself will actually retire from medicine in your 40’s…
Why? Retiring in your 50s is retiring early as well, since full retirement age as defined by the government is 67 today and you don’t qualify for either SS or Medicare if you retire in your 50s. And retiring in your 50s is a lot more financially feasible for most people (especially those with kids who are trying to pay for their offspring’s college). A blogger who retires in their 50s is retiring early, so why be so fixated on retiring earlier than that as if it’s some sort of test a “real” early retirement blogger must pass to have credibility?
Plenty MDs retire early. Some even in their 20s and 30s. They’re called women
Seriously though, only reason an MD would typically retire that early is due to some disability or because the MD had enough money or other income to no longer need to work. For the habitual saver who loves to put money away, retiring that early is asking that saver to stop saving and give up hundreds of thousands of dollars a year. Not going to happen.
The only MDs I know of that have retired that early are MDs married to other MDs who no longer need the money and prefer to stay home with kids etc. Even then, only a handful. Too much time and effort invested, student loans accrued, etc. to hang it up so quickly. And then most are happy with their jobs, are the primary breadwinners in their family, have to support a lavish lifestyle they’ve been living since college, etc. etc.
Craigy- first sentence is totally uncool. For as many as there are 20/30 something females who are “retired”, there are plenty of 20/30 something males who have “failed to launch”. Also, there are plenty of SAHD married to female MDs who are sole breadwinners. Its like sex and reproduction, it takes two to tango. Please reconsider.
Interestingly, I recently read about a woman, who at age 69, did not want to retire. Furthermore, she has never taken a backseat and even tolerated some poorly made choices from her counterpart. Instead, she was willing to continue to put effort into the work which she has committed more than half her life towards. But, alas, what do we have now……
If you have a blog about early retirement, I think it’s a fair question for discussion whether you yourself will actually retire from medicine in your 40’s…
Why? Retiring in your 50s is retiring early as well, since full retirement age as defined by the government is 67 today and you don’t qualify for either SS or Medicare if you retire in your 50s. And retiring in your 50s is a lot more financially feasible for most people (especially those with kids who are trying to pay for their offspring’s college). A blogger who retires in their 50s is retiring early, so why be so fixated on retiring earlier than that as if it’s some sort of test a “real” early retirement blogger must pass to have credibility?
Plenty MDs retire early. Some even in their 20s and 30s. They’re called women
Seriously though, only reason an MD would typically retire that early is due to some disability or because the MD had enough money or other income to no longer need to work. For the habitual saver who loves to put money away, retiring that early is asking that saver to stop saving and give up hundreds of thousands of dollars a year. Not going to happen.
The only MDs I know of that have retired that early are MDs married to other MDs who no longer need the money and prefer to stay home with kids etc. Even then, only a handful. Too much time and effort invested, student loans accrued, etc. to hang it up so quickly. And then most are happy with their jobs, are the primary breadwinners in their family, have to support a lavish lifestyle they’ve been living since college, etc. etc.
Craigy- first sentence is totally uncool. For as many as there are 20/30 something females who are “retired”, there are plenty of 20/30 something males who have “failed to launch”. Also, there are plenty of SAHD married to female MDs who are sole breadwinners. Its like sex and reproduction, it takes two to tango. Please reconsider.
Interestingly, I recently read about a woman, who at age 69, did not want to retire. Furthermore, she has never taken a backseat and even tolerated some poorly made choices from her counterpart. Instead, she was willing to continue to put effort into the work which she has committed more than half her life towards. But, alas, what do we have now……
The facts are the facts no matter how much you reconsider or how often you tango.
The 20s, 30s, 40s who voluntarily retire, cut back their hours or work part time tend to be female. Deciding to be a full-time parent is a great thing and a great luxury. You shouldn’t shame, discourage or otherwise be offended by women who decide that’s what they want to do.
It depends on your interpretation. I interpret his blog as a roadmap on how to become financially independent and how to be able to retire early.
I don’t think it necessarily requires pulling the trigger on actually retiring early.
In my case, I’m happy to read his blog, utilize his tips, but for now, I plan on working until 65. Doesn’t make his blog any less relevant to me.
Oooh, he’s calling you out. So here’s the question for the internet retirement police. If he quits practicing but keeps blogging is that “fully retiring” or not?
Plenty MDs retire early. Some even in their 20s and 30s. They’re called women
Seriously though, only reason an MD would typically retire that early is due to some disability or because the MD had enough money or other income to no longer need to work. For the habitual saver who loves to put money away, retiring that early is asking that saver to stop saving and give up hundreds of thousands of dollars a year. Not going to happen.
The only MDs I know of that have retired that early are MDs married to other MDs who no longer need the money and prefer to stay home with kids etc. Even then, only a handful. Too much time and effort invested, student loans accrued, etc. to hang it up so quickly. And then most are happy with their jobs, are the primary breadwinners in their family, have to support a lavish lifestyle they’ve been living since college, etc. etc.
Craigy- first sentence is totally uncool. For as many as there are 20/30 something females who are “retired”, there are plenty of 20/30 something males who have “failed to launch”. Also, there are plenty of SAHD married to female MDs who are sole breadwinners. Its like sex and reproduction, it takes two to tango. Please reconsider.
Interestingly, I recently read about a woman, who at age 69, did not want to retire. Furthermore, she has never taken a backseat and even tolerated some poorly made choices from her counterpart. Instead, she was willing to continue to put effort into the work which she has committed more than half her life towards. But, alas, what do we have now……
The facts are the facts no matter how much you reconsider or how often you tango.
The 20s, 30s, 40s who voluntarily retire, cut back their hours or work part time tend to be female. Deciding to be a full-time parent is a great thing and a great luxury. You shouldn’t shame, discourage or otherwise be offended by women who decide that’s what they want to do.
“Plenty MDs retire early. Some even in their 20s and 30s. They’re called women”
“The 20s, 30s, 40s who voluntarily retire, cut back their hours or work part time tend to be female.”
Craigy- We can agree to disagree.
I am in no way ashamed, discouraged or offended. Tho, I do think your addition of “tend to be” does alter your original statement.
You wrote them, not me. *wink*
Can we all just agree that any person that quits medicine to be a stay at home parent is not retired??? Because what crazy person thinks to themselves “I really hope to retire to a life where I’m awoken every 2hours to feed or otherwise pacify an adorable but incredibly selfish and demanding human being”? ? I say this as I’m in the midst of subjecting myself to the tyranny of the cutest 3 month old around. I’m hardly doing any doctor work right now (and yes, I agree it is a luxury to be able to have the choice between working or staying at home), but as any parent knows, I’m still working a ton! If you quit medicine to be a SAHP, you are just changing your line of work, not retiring. Not to be the retirement police or retirement shame anyone ?
2. Work one more year during which you can save $$$ and see your investments grow (and need them to last one year)
The Power of One More Year can be huge. Let’s say, hypothetically, a hard-working, good-looking anesthesiologist can set aside $200,000 working one additional year. Also assume they don’t spend down their portfolio by $80,000 which is their anticipated retirement spending.
That’s $11,200 a year formy family, I mean, his or her family to spend annually based on a 4% withdrawal rate. I wouldn’t count market returns on the pre-existing portfolio as a factor since you’d get those whether or not you were working. Still, one more year can make a big difference, which is a big reason I’m still working.
Tweet
Comment