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One important strategy you can do is to try to qualify for a "simplified needs test." To do that, your AGI needs to be under $50k. If your non-tax-sheltered assets produce low enough income/dividends, you have little earned income, and if you plan ahead, you might be able to accomplish that...

Well, I had to work about 50% more than many of my colleagues to achieve  500k (that BTW also includes 40k pre-tax in profit sharing plan).  I have my own practice; and I don't take vacation.  I'm on call 24/7/365.  You get the idea.  However, with malpractice premiums doubling to trippling...

Hi I'm new to the forum; but have been following the websites/calculators for a while. I'm just wondering if there are any MD early retirees (to be's) on this forum. I'd like to learn from their perspectives, too. Summary on me: I'm an immigrant; arrived in the US at age 18. Went to...

Hi Great posts. I'm new to the forum; but have been following the websites/calculators for a while. Summary on me: I'm an immigrant; arrived in the US at age 18. Went to college and med school on my own budget, plus some loans from Uncle Sam. Finished my residency 3 yrs ago (after 12 years of...

Quote: Just for the heck of it, I added in inflation. Terhorst came up with his figures in the mid-eighties. He said that a couple could retire on $50 a day, assuming they had a portfolio between $400 - $500k. I found that inflation has been running an average ~ 4% between now and then. So in...

To be exact, $50 in 1984 (when Paul retired) = $86.70 in 2002. So, we are talking about $700k - $860k portfolio needed, not a small change.