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06-12-2013, 08:14 PM
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#21
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Thinks s/he gets paid by the post
Join Date: Jan 2005
Location: northern Michigan
Posts: 2,213
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Quote:
Originally Posted by MichaelB
Having the health and mobility to enjoy physical activities in retirement are not often mentioned in the media, people often find themselves financially able but physically strapped, and too late to do anything about it.
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Absolutely. This was a huge reason that I retired when I did, in my mid-50s.
You simply can't buy back those years when you are physically able to do whatever you want to do - and they won't last forever.
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06-12-2013, 08:20 PM
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#22
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Recycles dryer sheets
Join Date: Jun 2011
Posts: 239
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I'll be 56 in March and you are an inspiration "Action" Jackson!
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06-13-2013, 08:32 AM
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#23
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Dryer sheet aficionado
Join Date: Mar 2012
Posts: 40
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Quote:
Originally Posted by Lazyfabs
Congratulations. Would you mind posting how your investment plan/ning progressed and ended up to sustain your current state?
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My savings plan was basically summed up by the Boglehead philosophy. My wife and I always tried to LBYM and I invested in a diversified index portfolio with Vanguard. We saved around 25% of my income for the first 15 years but not much after that as my kids went to expensive schools and we started taking nice family trips etc. My philosophy of investing is summed up in my blog EarlyRetireDoc.com. I am not an expert and this blog was set up to link articles for my kids and other doctors I worked with to read, not as any sort of money making scheme.
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06-13-2013, 08:01 PM
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#24
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Full time employment: Posting here.
Join Date: Jun 2005
Posts: 517
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Great post, Jackson. I also went to your blog page - nice list of references. You are an inspiration!!
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06-16-2013, 08:25 PM
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#25
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Dryer sheet aficionado
Join Date: Mar 2013
Posts: 29
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Congratulations! My hubby also worked in academic medicine (ophthalmologist) and retired 6 years ago at age 60. He planned to retire a year or two earlier but stayed longer to cover departmental responsibilities longer than he wanted. The good news is that he hasn't regretted retiring for one second and has many activities and hobbies. He too has had mixed responses from other physicians who often can't understand why/how he could retire early. He always said that he worked to live and to the other way around so he didn't have a problem walking away.
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09-24-2013, 06:41 PM
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#26
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Confused about dryer sheets
Join Date: Sep 2013
Posts: 9
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JacksonD I want to read your blog!! I am a younger doc who wants to follow your footsteps, what is the link?
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09-24-2013, 06:42 PM
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#27
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Confused about dryer sheets
Join Date: Sep 2013
Posts: 9
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Oops I see it now
Thanks
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09-24-2013, 06:44 PM
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#28
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Moderator Emeritus
Join Date: Sep 2007
Posts: 17,773
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Nm
__________________
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
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09-25-2013, 09:22 AM
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#29
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,067
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Nice looking blog. Congrats on your retirement.
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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09-25-2013, 09:44 AM
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#30
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2011
Location: NC Triangle
Posts: 5,807
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That is a good blog. I've bookmarked it (and I don't bookmark much).
Thanks, Doc!
__________________
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09-25-2013, 11:00 AM
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#31
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Confused about dryer sheets
Join Date: Sep 2013
Posts: 9
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So when did you pay off your mortgage/kids college/etc.?
I am in the process of paying down my mortgage in 2-3 years, and finishing up college funding for 2 kids in 4-5 years myself. Then things will get a lot easier.
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09-25-2013, 11:11 AM
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#32
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Moderator Emeritus
Join Date: Sep 2007
Posts: 17,773
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There is a sticky thread in the Other Topics forum called "PSA:I wrote a book or have a blog" where the OP can put a little something about his blog if he wishes.
__________________
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
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01-08-2014, 08:48 AM
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#33
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Confused about dryer sheets
Join Date: Dec 2012
Location: Singapore
Posts: 4
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Congrats ! I'm also a doctor (pediatrician), turning 50 this year. I've sort of reached my number but haven't found something to replace all that doctoring as yet. Did you miss the patient contact ? Did you consider reducing your hours but not completely withdrawing from patient care ? I'd be very grateful for your advice because I'm considering when (or if)to pull the trigger.
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01-08-2014, 10:12 AM
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#34
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Thinks s/he gets paid by the post
Join Date: Nov 2013
Location: Bay Area
Posts: 2,745
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Thanks for the thread. I love to read these (both good and bad) as I am planning to retire in two years and have my concerns about how my RE will unfold. You are living my dream. I won't be able to live as lavishly as you but hoping that I have no problem enjoying what I want to do (golf & travel).
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Retired Doctor now 18 months in
01-08-2014, 10:43 AM
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#35
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Dryer sheet aficionado
Join Date: Mar 2012
Posts: 40
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Retired Doctor now 18 months in
I am now 18 months into retirement and haven't missed patient care at all. Everyone writes that you shouldn't just retire but should retire to something. I didn't have any real plan with how I was going to spend my time but just decided that if I couldn't figure out something to do other than work then I was pathetic. I retired from seeing patients all the time to...not seeing patients. That was basically it. I was able to cut back practice a bit before I retired and that gave me confidence that I could do it. For the first few months after retiring my wife would ask me what I was going to do that day, my response was always "whatever I want to". She figured I said that because I didn't know what I wanted to do and some days she was correct. I was very happy just being able to wake up every day with a smile on my face and let the day unfold after years of having my time dominated by work.
After a period of unwinding, my goal oriented personality is coming back to the forefront but with new goals and activities of my own choosing. I am working with some med students to organize a local eyeglass recycling program. I have also been in contact with the university department of financial planning to help devise an educational program on personal finance for med students, residents, and other young doctors. One thing just leads to another as I am now able to be open to new ideas and adventures while leveraging the knowledge and connections I built up in my years as a doctor.
There are still plenty of days where I am not busy, but boredom is fleeting and I don't want to get overextended. Golf, triathlons, and travel still consume a fair amount of my time.
Early retirement has been a time of retaking control of my life and I am still fired up to see what kind of life I can create. I have absolutely no regrets for retiring early and on my own terms.
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01-08-2014, 11:43 AM
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#36
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
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Quote:
Originally Posted by Jackson D
I am now 18 months into retirement and haven't missed patient care at all. Everyone writes that you shouldn't just retire but should retire to something. I didn't have any real plan with how I was going to spend my time but just decided that if I couldn't figure out something to do other than work then I was pathetic. I retired from seeing patients all the time to...not seeing patients. That was basically it. I was able to cut back practice a bit before I retired and that gave me confidence that I could do it. For the first few months after retiring my wife would ask me what I was going to do that day, my response was always "whatever I want to". She figured I said that because I didn't know what I wanted to do and some days she was correct. I was very happy just being able to wake up every day with a smile on my face and let the day unfold after years of having my time dominated by work.
After a period of unwinding, my goal oriented personality is coming back to the forefront but with new goals and activities of my own choosing. I am working with some med students to organize a local eyeglass recycling program. I have also been in contact with the university department of financial planning to help devise an educational program on personal finance for med students, residents, and other young doctors. One thing just leads to another as I am now able to be open to new ideas and adventures while leveraging the knowledge and connections I built up in my years as a doctor.
There are still plenty of days where I am not busy, but boredom is fleeting and I don't want to get overextended. Golf, triathlons, and travel still consume a fair amount of my time.
Early retirement has been a time of retaking control of my life and I am still fired up to see what kind of life I can create. I have absolutely no regrets for retiring early and on my own terms.
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You are obviously doing very well. How many years did you practice post residency and any fellowships?
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
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01-08-2014, 12:10 PM
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#37
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Administrator
Join Date: Jul 2005
Location: N. Yorkshire
Posts: 34,056
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Quote:
Originally Posted by haha
You are obviously doing very well. How many years did you practice post residency and any fellowships?
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I wonder if a proctologist gets the Fellowship of the Ring?
__________________
Retired in Jan, 2010 at 55, moved to England in May 2016
Enough private pension and SS income to cover all needs
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01-08-2014, 01:16 PM
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#38
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
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Quote:
Originally Posted by Alan
I wonder if a proctologist gets the Fellowship of the Ring?
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He would certainly deserve any recognition he might get.
Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
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01-08-2014, 01:17 PM
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#39
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Full time employment: Posting here.
Join Date: Sep 2007
Location: mpls, mn
Posts: 763
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I practiced dentistry for 32 years before selling my practice in sept. last year. I am now teaching part-time at a local university and am loving it. No more administrative worries, personnel or insurance problems. Just go in to work with the students and leave.
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01-08-2014, 01:36 PM
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#40
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Full time employment: Posting here.
Join Date: Oct 2007
Posts: 621
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Congratulations Doctor,
This is a semi retired private practice physician (They call us providers... these days) 57, work 3 days a week with frequent long vacations.
Sometimes I still find myself getting fidgety on days when I am not working, when I do not have a plan for that day.
Kudos.. to you to go cold turkey and finding loads of things to get yourself involved with, I find your blog nicely written & very informative.
I have a few things to learn from you Doc, and although I have reached my number, kids have left house and are busy with their lives in different parts of the country, I am still waiting to find something interesting to do before I cut the Chords to Medicine completely. Maybe... it will come in time....
Thanks for sharing and best wishes
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