Episode 38

Financial Independence for Physicians

with Physician On FIRE founder Dr. Leif Dahleen

 Physician on FIRE (PoF) founder Dr. Leif Dahleen discusses financial independence for physicians. Leif created his platform to inform and inspire physicians with insightful writing after he attained financial independence and the freedom to retire early. More information at physicianonfire.com

Cite this podcast: BackTable, LLC (Producer). (2018, October 9). Ep 33 – Building a Comprehensive Vein Practice [Audio podcast]. Retrieved from https://www.backtable.com/podcasts

In this Episode

Podcast Participants

Dr. Leif Dahleen is an anesthesiologist and founder of Physician on FIRE (PoF), a resource for physicians to learn how to attain Financial Independence and Retire Early (FIRE).

Host Dr. Chris Beck is a practicing interventional radiologist with Regional Radiology group in New Orleans.

Contents

Personal Finance

  • Savings rate

  • PoF saving roughly 50% of his take-home pay

  • What is financial indepence? Saving 25-30x your annual expenses

    • Annual expenses of $100,000. If you save 2.5 million, you can consider yourself financial independent

  • 4% rule for safe withdrawal

  • Lifestyle creep


Investing

  • 3 fund portfolio:

    • VTSAX - Vanguard Total Stock Market Index Fund Admiral Shares

    • VTIAX - Vanguard Total International Stock Index Fund Admiral Share

    • VBTLX - Vanguard Total Bond Market Index Fund Admiral Shares

  • Financial Advisors

  • Taxable account/brokerage account

  • Donor advised fund

  • Vanguard

  • Health Savings Account (HSA)

    • Triple tax advantage

    • Fidelity – FZROX (Fidelity ZERO Total Market Index Fund)

  • The Backdoor Roth
     

Resources to Track Investments and Cash Flow

  • Mint

  • Personal Capital

  • PoF spreadsheets

Disclaimer: The Materials available on the BackTable Podcast are for informational and educational purposes only and are not a substitute for the professional judgment of a healthcare professional in diagnosing and treating patients. The opinions expressed by participants of the BackTable Podcast belong solely to the participants, and do not necessarily reflect the views of BackTable.

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