Post FI Notes 024: Retired Cardiologist Combatting Boredom

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Our couple today is made up of a retired cardiologist alongside his retired office billing manager, retiring to sunny Florida was 35 times expenses in the bank.

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They have a very simple investment portfolio and find themselves with lots of time (and a fair bit of money, too). Let’s take a look at how financial independence and retirement is treating them.

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Getting to Know You

You’re financially independent. About how much does your household spend in a typical year? How much could you spend while still abiding by the 4% rule?

All in, we spent $189,275 in 2022. Without taxes, home improvements & gifts we spent $103,000. Taxes were $57,945 (including estimated taxes paid in January), gifts of $24,219 (529 contributions are not listed here as they were transferred from son to grandkids), and home improvements were $34,079.

Tell us about your household. How many people and at what ages? Are you supporting anyone outside of your home? Where do you live?

We are financially independent. I am 66 and my wife is 61. I am a retired cardiologist, and my wife is a retired office billing manager.

We have two kids, ages 38 and 30. They are gainfully employed. We have three grandchildren that we love to spoil. We do not support anyone outside of our home, and we live in Central Florida.

SWIPE UP NOW TO READ MORE

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