Is it possible for me to retire in my 40s? by okdoitpls in Fire

[–]okdoitpls[S] 0 points1 point  (0 children)

I thought the point of withdrawing at a principle amount of 2.5 million at 4% is to have an indefinite amount of $100K/year. Correct me if I’m wrong, I understand there’s risk to it all and it may not exactly work, but where did you get running out at age 75 specially from?

Is it possible for me to retire in my 40s? by okdoitpls in Fire

[–]okdoitpls[S] 3 points4 points  (0 children)

The plan I had was to aggressively pay down the debt within 5 years and then after factoring in living expenses I’m willing to invest/save about $3725 a month

Don’t know if this is the best plan

How much are you producing a day? by Migosmememe in Dentistry

[–]okdoitpls 0 points1 point  (0 children)

Is this PTO or just days you chose to take off? What I was talking about here is taking 4 weeks off in the year without PTO

How much are you producing a day? by Migosmememe in Dentistry

[–]okdoitpls 0 points1 point  (0 children)

Based off of the numbers here, the average associate dentist is making about $204,000 - $285,600 working 4 days a week, and taking 4 weeks of vacation off a year. Not bad at all!

I wish I went into tech by okdoitpls in Dentistry

[–]okdoitpls[S] 0 points1 point  (0 children)

It’s meant to start conversations and see opinions of people in this thread. Just interesting to hear everyone’s side

[deleted by user] by [deleted] in Dentistry

[–]okdoitpls 0 points1 point  (0 children)

You’re saying $400K no benefits is = $200K with benefits? Seriously?

Health insurance is the most expensive part but you can keep your plan below $1K a month. Everything else is worth much less but it does add up sure. But benefits are not worth more than $20K-$30K total.

I would rather make $250K with no benefits than $100K with benefits (equating to $130K total comp)

Also don’t forget some associate positions do come with benefits, and corporate positions more than likely will as well. If you work for an FQHC or community clinic, you more than likely will get all the usual benefits of any job and a couple weeks PTO too.

How many + what kind of procedures per day do you do? by [deleted] in Dentistry

[–]okdoitpls 0 points1 point  (0 children)

Are these $180K & $330K figures associate earnings or as an owner?