WCI #204: First Year of Retirement with Physician on Fire

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Medicine, Health & Fitness, Business, Investing

4.9 • 2.3K Ratings

🗓️ 1 April 2021

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Physician on Fire has been retired from medicine for a year and half. Granted the pandemic kind of screwed up a lot of his plans, but we can get an idea of what this early retirement life looks like. See the full shownotes http://whitecoatinvestor.com/first-year-of-retirement-with-physician-on-fire-podcast-204 We discuss that loss of identity as a doctor and what he says he does for a living now. Does he miss work? Is he happier now? What are they doing about health care? How will they leave wealth to their children? We also talk about the psychology of changing from the accumulation phase to the withdrawal phase and what his asset allocation is now as well as what it would be like to return to practicing medicine. Many think about an early retirement. This episode will give you a picture of what it could look like for you.

This podcast is sponsored by Bob Bhayani at drdisabilityquotes.com. He is an independent provider of disability insurance planning solutions to the medical community in every state and a long-time White Coat Investor sponsor. If you need to review your disability insurance coverage to make sure it meets your needs or if you just haven’t gotten around to getting this critical insurance in place, contact Bob today by email [email protected] or by calling (973) 771-9100.

The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs for specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor channel is for you!

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Transcript

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0:00.0	This is the White Code Investor Podcast, where we help those who wear the White Code get a fair shake on Wall Street.
0:06.0	We've been helping doctors and other high-income professionals stop doing dumb things with their money since 2011.
0:12.0	Here is your host, Dr. Jim Dolly.
0:18.0	This is White Code Investor Podcast No. 204.
0:21.0	First year out of medicine with physician on fire.
0:24.0	Well, hi there.
0:25.0	This podcast is sponsored by Bob Bionny, and Dr. DisabilityQuotes.com.
0:30.0	He's an independent provider of disability insurance planning solutions to the medical community in every state and a long time White Code Investor sponsor.
0:37.0	He specializes in working with residents and fellows early in their careers to set up sound financial and insurance strategies.
0:44.0	If you need to review your disability insurance coverage or to get this critical insurance in place, contact Bob at drdisabilityquotes.com today.
0:52.0	You can email him info drdisabilityquotes.com or by calling 9737179100.
1:00.0	So this is great.
1:02.0	We have just wrapped up.
1:04.0	As we're recording this, it's March 6th, and this isn't going to run until April, but we're excited to do it.
1:13.0	And the reason why is because we're just literally driving here. We just got here from WC icon 21.
1:22.0	So I have leaf dolleen still in town with me sitting next to me.
1:24.0	If you're watching this on YouTube, you can see his awesome mug here next to me.
1:29.0	But we're actually recording this together in person, which is really fun.
1:34.0	So welcome to the White Code Investor Podcast again.
1:36.0	Thank you, Jim. Happy to be back.
1:39.0	And let's share our quote of the day before we get into this too much. This one is from one of our favorites, Bill Bernstein, who said a portfolio is like a bar of soap.
1:47.0	The more it's handled, the less there is.
	...

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