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Forum: FIRE and Money 08-26-2016, 05:06 PM
Replies: 88
Views: 9,898
Posted By txdoc
One important strategy you can do is to try to...

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...
Forum: Young Dreamers 07-20-2003, 01:11 PM
Replies: 56
Views: 7,846
Posted By txdoc
Re: Welcome Young Dreamers!

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...
Forum: Hi, I am... 07-19-2003, 03:28 PM
Replies: 0
Views: 1,599
Posted By txdoc
MD early retirees???

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...
Forum: Young Dreamers 07-19-2003, 03:12 PM
Replies: 56
Views: 7,846
Posted By txdoc
Re: Welcome Young Dreamers!

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...
Forum: FIRE and Money 07-19-2003, 02:53 PM
Replies: 18
Views: 5,851
Posted By txdoc
Re: $50.00 per day rule

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...
Forum: FIRE and Money 07-19-2003, 02:52 PM
Replies: 18
Views: 5,851
Posted By txdoc
Re: $50.00 per day rule

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.
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