Retirement – FiPhysician

“Enough” In Retirement

The opposite of scarcity is enough The opposite of scarcity is enough. Not abundance. In retirement, it is okay to be enough, and it is okay to have enough. Enough is the goal in retirement rather than abundance. Scarcity […]

Am I investing for me or my kids?

How Well Do I Sleep at Night vs. How Rich Do I Want the Kids to Be? Investing in retirement is all about tradeoffs. Of course, all decisions are tradeoffs—when you choose one path, you can’t go down the other—but […]

Mindful Money in Retirement

Mindfulness and Money in Retirement We all have a gut feeling about money, which comes from the scripts we tell ourselves about money from childhood. Money is a loaded subject. Especially in retirement. If you have enough (or even if […]

The Basics of Accumulation for New Attendings

Accumulation Basics for Physicians Assume you make a doctor’s salary and are just starting. You need to understand the basics of accumulation. Of course, you got a late start since you are old after med school and residency and […]

Using RMDs to Assess Asset Allocation

Asset Allocation Using RMDs Can you use Required Minimum Distributions (RMDs) to help determine your asset allocation in the retirement drawdown phase? Imagine you are living off your assets (taking an income from your nest egg). What might your asset […]

The Story I’m Telling Myself

The Story The story I’m telling myself right now is that I can choose what my history means to me. That means I can decide how much my history affects me. If history prevents you from having a better day, […]

You Cannot Take Time With You

My Portfolio of Time You cannot take time with you. When your time is up, there is no more time or money to spend. We must spend our time now before it is too late. Today, some say, is the […]

Retirement Reinvention

Reinvention in Retirement If you are getting ready to retire, you need to understand that retirement necessitates reinvention of yourself. When does your re-invention start? When you start to think about retirement. Retirement is reinvention. Let’s talk about […]

Purpose in Retirement

Cultivating Purpose in Retirement Purpose in life is important, especially during transitions, such as retirement. Languishing, or not feeling engaged in one’s life, is not ideal, especially in retirement when you have more time to focus on yourself. Not […]