I’m not expecting anyone to talk me into or out of this but maybe just a few words of advice would be nice.
Married 2 physician household, kids are in college but paid for, have already paid private HS and private college full price so just getting that expenses done with is like half of my spending.
Basically something like 40% taxes, 20% savings and 40% spending on expenses etc.
I figure if we cut back on work, our taxes will go down and if we eliminate savings and paying for college we should spend less of our income. We could probably retire free and clear but at age 53/54 have a ways to go until we can get Medicare and Social Security.
We just got a substantial pay out from sale of our practice and we want to relocate to Florida 0% tax from an 8% income tax state. So right away lower taxes plus if we make even less we’d get out of the net investing income surtax and the top tax bracket.
I’d prefer to wait a bit but we got the payout and if we relocate to Florida before we spend half a year in Maryland we should save a lot of income tax on that bit.
We plan on quitting our group and do temporarily work but cut way back. I don’t really think we’d be bad off financially but would like to keep some paychecks coming so it’s not 100% from our investments.
Only thing keeping me here this long is that I’ve been here 23 years and got to know the people well and will miss some of them.
Married 2 physician household, kids are in college but paid for, have already paid private HS and private college full price so just getting that expenses done with is like half of my spending.
Basically something like 40% taxes, 20% savings and 40% spending on expenses etc.
I figure if we cut back on work, our taxes will go down and if we eliminate savings and paying for college we should spend less of our income. We could probably retire free and clear but at age 53/54 have a ways to go until we can get Medicare and Social Security.
We just got a substantial pay out from sale of our practice and we want to relocate to Florida 0% tax from an 8% income tax state. So right away lower taxes plus if we make even less we’d get out of the net investing income surtax and the top tax bracket.
I’d prefer to wait a bit but we got the payout and if we relocate to Florida before we spend half a year in Maryland we should save a lot of income tax on that bit.
We plan on quitting our group and do temporarily work but cut way back. I don’t really think we’d be bad off financially but would like to keep some paychecks coming so it’s not 100% from our investments.
Only thing keeping me here this long is that I’ve been here 23 years and got to know the people well and will miss some of them.
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