Don’t Retire To Something. Retire On Something.

hobie blue sky

Retire On something. And With something. And From something. And Under something. And Before something. And In something. And For something.   If you’ve read any advice related to early or standard retirement, you have encountered the following mantra: “Don’t retire From  something. Retire To  something.” Retire To Something is great advice and I’m not here to dismiss or disparage it. I could have just as easily written this post with the quote as the title, but where’s the fun […]

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The Ultimate Hedge Against Future Uncertainty

Navy Pier Ride

Dr. Curious was kind enough to submit today’s guest post on a topic that is near and dear to me and my readers. The good doctor is a radiologist married to a pediatrician. They’ve got two young human children and another of the canine variety. He started a blog of his own several months ago to explore his curiosities on life, money, and more in a two-physician household. If you enjoy this post, be sure to check out more thoughtful and curious […]

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How To Punch Out of Medicine in 10 Years

wakeboard boat powell lake

Today’s Saturday Selection from The White Coat Investor is a guide to moving on from medicine in about as little time as possible. Personally, I didn’t punch out after 10 years, but I did realize I was in a pretty darned good position to do so in my tenth year out of residency. I didn’t follow this plan exactly, but whatever I lost in silly mistakes and departures from the prescription, I made up for with extra work and income. […]

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What’s Your Part Time Number?

I recently revealed my plan to decrease my workload as a part-timer this fall. I detailed the schedule and the math behind the taxation in a post on this site (So Long, Full Time Employment!) and the news has also circulated amongst my real-life colleagues at work. While I do get my share of quizzical looks due to my relatively young age in my early forties, I honestly haven’t been on the receiving end of much negative feedback, at least […]

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Retired from Medicine at 37: The Finances Behind Her Decision

newborn baby

Today’s article is a guest post from Valerie A. Jones, MD, a way early retiree who left behind a medical career at the ripe young age of 37. To learn why, check out her post at OB Doctor Mom entitled Retired at 37: Breaking Up With a Career in Medicine. To learn about the finances that allowed her to do this, read on.   I am a 37-Year Old Retired OB/Gyn   Usually, when I tell people I retired from my physician […]

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Confessions From a Physician Who Failed Early Retirement

May 2017 calendar

Today’s article is a guest post from Douglas Segan, MD JD, a doctor and lawyer who seems to like going to work as much as he did going to school. Dr. Segan is an expert on insurance and asset protection, having written on the topics in numerous guest posts at The White Coat Investor. I am honored that he asked to share a story that fit best on this site — the story of the failed early retiree. Let’s hear it, […]

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Beyond Enough

louvre sculptures

Today’s article is an original guest post from the White Coat Investor. Like the good Dr. Dahle, I have crossed the threshold of having Enough to consider our family financially independent, but I continue to work one more year after another. Read further as he delves into some of the lifestyle and financial considerations for those of us in the extremely fortunate position of having Enough and then some.   Beyond Enough   Physician on FIRE (the blog, not the […]

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Early Retirement Chose Me

Vieques Plane

Why on earth would someone put themselves through twelve years of education and training for a career of only about twelve years? It’s a great question and one that I had best be prepared to answer again and again. My current job as an anesthesiologist is ending in the summer of 2019, and my time away from clinical medicine will be extended and perhaps permanent. If I put myself in the position of an outsider looking in at this situation, it doesn’t […]

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Should I Take 40 Weeks Off Every Year?

john mulligan dublin

Here’s a job description to consider.   Wanted: Anesthesiologist to work extraordinarily family friendly schedule. Work one week a month or three weeks every three months. Call is negotiable, but not required. Salary: $72,000 to $108,000 per year.   Well, that sounds like a dream job, now doesn’t it? The salary would be enough to cover our typical annual expenses, and I’d have a boatload of time off to do all those things I wish I had more time to […]

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My Retirement Outlook is Rainy? The Problem With Assumptions

Just when I’m starting to feel good about my future, Transamerica rains on my future parade with a lousy e-mail. “Your retirement outlook is… Rainy.” They insert a cute little stormy cloud in case I didn’t get their point the first time.       My Retirement Outlook is Rainy? The Problem With Assumptions   Do these downer e-mails leave me in a state of despair? Of course they don’t. I know something that Transamerica doesn’t. Namely, that the money I’ve […]

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Who Are the Physicians Who Retire Early?

  My little FIRE blog is one of many early retirement blogs, but it was the first written by a physician. If you look around, you’ll find quite a few young men and women who have successfully pulled off an early retirement at age 30 to 35, an age at which most physicians will have a negative net worth. For example: Pete & Simi @ Mr. Money Mustache retired at age 30. Justin @ Rootofgood retired at 33. The Frugalwoods family retired […]

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Early Retirement and The Likelihood of Regret

likelihood of regret

When this blog was first conceived in 2015, I had a pretty good idea I would be ready and able to retire early at some point. Crunching numbers and considering some family dynamics, I came up with a five to six year plan to retire quite comfortably with a healthy margin of safety. As I write this post a mere seven months into this venture, I have done a lot, lot more number crunching, brainstorming, and talking with my wife […]

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50 Ways I’d Like to Spend My Time in Early Retirement

Jamaica Beach Runaway Bay

Time flies when you’re having fun. Or, as Kermit tells us, time’s fun when you’re having flies. Time also flies by when you’re busy. The next few years will be exceptionally busy for me. I’ll be working part-time. I’ll be blogging part-time. My boys will be in more after-school activities. We’re learning Spanish together as a family. The remaining time in my career most certainly will fly by. And then I will be retired. As I’ve stated before, I won’t be retiring […]

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Top 5 Reasons I Chose Not to Retire at 39

A year and a half ago, at age 39, I was studying for a bogus exam required to maintain my status as a board-certified anesthesiologist. Most of the study materials were only peripherally related to my actual job, and the practice questions were equally inane. I started wondering if I would have to repeat the process in 10 years. A google search between study sessions quickly opened my eyes to the concepts of Financial Independence and Retiring Early. The FIRE […]

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Announcing My Retirement

I thought I could do this at least a few more years. In fact, I thought I might be able to handle the abuse another 10 years or more. I trained long and hard to be in this position. I never could have imagined I would be saying this before my 41st birthday. But I have reached The Crossroads. I need to do what’s best for myself and my family. I’ve enjoyed the journey, with all the mud, sweat, and […]

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The Top 5 Reasons I Want to Retire Early

Personal finance is personal, and personal posts tend to be more interesting than the typical clickbait lists that penetrate our Facebook and Twitter feeds. I’ve written a couple not-so-personal Top 5 lists, including the Reasons to Retire Early, and the Reasons Not to. The writing comes easier when I’ve got something more personal to say, as I did when I wrote the Top 5 Things I’ll Miss When I Retire Early. Today, I’m going to give you my own reasons for […]

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Happiness is an Early Retirement

What is happiness? The Beatles said that Happiness is a Warm Gun. Ummm…. next! Linus told Charlie Brown that Happiness is a Warm Blanket… better… Mr. Money Mustache says that Happiness is the Only Logical Pursuit… I like that! The best definition from the Merriam Webster online dictionary is 2a: a state of well-being and contentment. Sounds about right. Happiness is indeed a pursuit or a state of mind that we would all like for ourselves and the people around us. […]

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The Power of One More Year

If you’ve been following the FIRE movement, you’ve got a pretty good idea of what it means to be financially independent, and can appreciate the power that financial independence provides. Chief among the benefits is the ability to retire early; your investments should adequately provide for your spending needs indefinitely at a withdrawal rate less than or equal to four percent. That’s a great thing! But what if, like me, you’re not ready to hang up the stethoscope quite yet. You […]

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