Retirement

[deleted314957]

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It has been 5 years, to the day, that I retired. Time flies. It amazes me that I have not
so much as glanced in a scope since, but, why would I? In a very real way, retirement saved my life(perhaps) because a very small but very nasty carcinoma got taken care of, who’s discovery
would have been delayed A LOT had I not hung it up. And, it has been a wonderful 5 year market
to begin living on dividends, interest and CG’s. And now I’ve got a Grandson with another on the way!
I hope y’all can have as satisfying a career as I had for 36 years.

 

[Guest8]

Congrats! I've got another 30 years left myself, but I do enjoy what I do so I don't mind it a bit. Enjoy retirement 🙂

 

[Nilf]

It has been 5 years, to the day, that I retired. Time flies. It amazes me that I have not
so much as glanced in a scope since, but, why would I? In a very real way, retirement saved my life(perhaps) because a very small but very nasty carcinoma got taken care of, who’s discovery
would have been delayed A LOT had I not hung it up. And, it has been a wonderful 5 year market
to begin living on dividends, interest and CG’s. And now I’ve got a Grandson with another on the way!
I hope y’all can have as satisfying a career as I had for 36 years.

I remember your post when you announced your retirement like it was yesterday, can't believe it was 5 years. Congratulations on your grandchildren and stay healthy!

What are you planning to do about your investments for the next 10 years? Cyclically Adjusted PE (CAPE) ratio is very very high today (32 or so), which historically indicates low annual returns (about 2%) for next 10 years. Is your dividend-oriented portfolio your answer to the coming bear market?

See the graph below to find the expected returns (Y axis) with today's CAPE of 31 (X axis).

 

[deleted314957]

I remember your post when you announced your retirement like it was yesterday, can't believe it was 5 years. Congratulations on your grandchildren and stay healthy!

What are you planning to do about your investments for the next 10 years? Cyclically Adjusted PE (CAPE) ratio is very very high today (32 or so), which historically indicates low annual returns (about 2%) for next 10 years. Is your dividend-oriented portfolio your answer to the coming bear market?

See the graph below to find the expected returns (Y axis) with today's CAPE of 31 (X axis).

Pretty much yes. Everything with Vanguard and very dividend heavy.
Think VHDYX, VWIAX as the biggies with the rest broadly diversified.
Large, mid, small cap, int’l stocks (developed and emerging),
U.S. and Int’l bonds(govt, corporate of varying terms and qualities),
REIT index. Cash or near cash equivalents to live on comfortably for 3 yrs.
Between this, SSA, RMD’s at age 70 1/2 and modest deferred comp
all is cool.

 

[LADoc00]

Mike how old were you when you checked out? Not necessarily total work stoppage, but when you backed off the FT grind? 36 year career is an EPIC arc, like 36 years including medical school-residency-fellowship? Or a full on 36 years post residency??

I cant imagine how stupid rich I would be after 36 years post residency of continual beast mode I do now. I would probably be retiring to yacht that doubles as a floating strip club with pools filled with Armand de Brignac...

I will maybe, maybe do 21-22 post fellowship years of total employment. And even that brings me comfortably to "leaving the country to the coast of Dubrovnik living in a massive villa with servants" mode of existence. I only need like 2-3 servants total, Im not greedy.

 

[Nilf]

Mike how old were you when you checked out? Not necessarily total work stoppage, but when you backed off the FT grind? 36 year career is an EPIC arc, like 36 years including medical school-residency-fellowship? Or a full on 36 years post residency??

I cant imagine how stupid rich I would be after 36 years post residency of continual beast mode I do now. I would probably be retiring to yacht that doubles as a floating strip club with pools filled with Armand de Brignac...

I will maybe, maybe do 21-22 post fellowship years of total employment. And even that brings me comfortably to "leaving the country to the coast of Dubrovnik living in a massive villa with servants" mode of existence. I only need like 2-3 servants total, Im not greedy.

Are you looking old town Dubrovnik or outside of city walls? The old town was relatively low-priced last time I was there 2 years ago, but the whole place is literally infested with tourists, and has been long bought up by russian mafia for investment purposes. And you will be hard pressed to find a large villa in the old town, much harder than finding nubile eastern European female servants. And what happened to Portugal, I thought this was your number one prospective retirement spot?

 

[LADoc00]

Portugal then Phuket then Dubrovnik but I dont intend to buy in any of these places so I will be going all over.

Im going to rent. Just from my RE investments (when they are all zero mortgaged debt-free in a 4-5 years), I could live comfortably essentially indefinitely right now in any of those places and never even touch my actual cash+securities.

 

[Mace1370]

Congrats on enjoying retirement. Did you ever deploy as a pathologist during your service? Would be curious to hear about how it went if so.

 

[deleted314957]

Mike how old were you when you checked out? Not necessarily total work stoppage, but when you backed off the FT grind? 36 year career is an EPIC arc, like 36 years including medical school-residency-fellowship? Or a full on 36 years post residency??

I cant imagine how stupid rich I would be after 36 years post residency of continual beast mode I do now. I would probably be retiring to yacht that doubles as a floating strip club with pools filled with Armand de Brignac...

I will maybe, maybe do 21-22 post fellowship years of total employment. And even that brings me comfortably to "leaving the country to the coast of Dubrovnik living in a massive villa with servants" mode of existence. I only need like 2-3 servants total, Im not greedy.

It was broken up a bit because of the USN. 1 yr intern, 6 mo sub/diving medicine,
2 yrs operational, 4 yr resident, 1 yr fellow, 2 yr attending USN then 25 1/2 yr
after the Navy. Quit totally 1 month shy of 63rd b-day. Had not slacked off at
all prior to retirement day.

I am certainly not stupid rich. I finally have just a really financially “comfy” feel.

I would rather rent the boat.

 

[deleted314957]

Congrats on enjoying retirement. Did you ever deploy as a pathologist during your service? Would be curious to hear about how it went if so.

Not for a “tour” as a pathologist but I had to do some foreign and domestic
military air crash medicolegal investigations as a forensic pathologist associated with the AFIP.
( think Fulda Gap/Czech border 1986). Had to go to GITMO a couple times to sign off on the clinical lab crap. When i was medical officer for submarine squadron 18 i did several brief
underway inspection-type deployments (and one really cool Mark-48 torpedo live shoot exercise!) Never a significant deployment in the capacity of practicing AP/CP

 

[coroner]

Thank you for your service. Sounds like you had an interesting career instead of being stuck in a slide mill all day chained to the microscope. Keep enjoying the retirement and hope to continue seeing you around here.

 

[LADoc00]

It was broken up a bit because of the USN. 1 yr intern, 6 mo sub/diving medicine,
2 yrs operational, 4 yr resident, 1 yr fellow, 2 yr attending USN then 25 1/2 yr
after the Navy. Quit totally 1 month shy of 63rd b-day. Had not slacked off at
all prior to retirement day.

I am certainly not stupid rich. I finally have just a really financially “comfy” feel.

I would rather rent the boat.

Well done for a squid. What were your duty stations? Point Loma? Coronado? Virginia Beach?

As I tell my son, its all about the duty stations.

 

[deleted314957]

Duty stations is what it’s all about! That is the Air Force’s main drawback.(North Dakota!)
I was at San Diego (intern in the “old” pre-nanny state), Groton, CT undersea medical institute and then the Navy Diving and Salvage school (now in Pensacola) in DC (when the anacostia river was a semi frozen, flowing sewer),
2 years in Charleston, SC as medical officer for ballistic missile submarine squadron 18 ( situated at the Naval Weapons Station on the Cooper River), Norfolk/Portsmouth/Va Beach(4 yr resident, 2 attending) and 1 yr with the AFIP/Maryland chief ME office.

My family and I loved Va. Beach. We did not experience the southern charm and hospitality of Charleston.

 

[LADoc00]

I have fond memories of Balboa in SD. Navy nurses all look like swimsuit models when you spend months on end at the 29 Palms "motel"

Food not bad there either. I would killed at point to have a been a Navy doc on Coronado though, zooming around town in a convertible or motorcycle. I cant imagine how many illegitimate children I would have with that sort of social capital...

Well done sir.

 

[deleted314957]

I have fond memories of Balboa in SD. Navy nurses all look like swimsuit models when you spend months on end at the 29 Palms "motel"

Food not bad there either. I would killed at point to have a been a Navy doc on Coronado though, zooming around town in a convertible or motorcycle. I cant imagine how many illegitimate children I would have with that sort of social capital...

Well done sir.

29 Palms you say? You must have been a jar head or USN corpman ( if you
weren’t a doc.).. I know a pathologist ( lady, initials V.W.) who was a
Navy GMO there probably around 1982.