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Transitioning from Income Earner to Investor

At some point in our lives we’ll be earning the majority of our income from our investments, not from our jobs. For most this will be in the 6th or 7th decade of life. You go from earning $140/hour seeing patients to earning nearly $1,000/hour managing your investments. Hourly Rate of Income A portfolio which […]

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April 2019 Income

My April 2019 income came out to $20,675, mostly because I received a lump sum pay for my consulting work for the past 3 months. My historical income reports. My historical spending reports. April 2019 Income As a self-employed and independent contracting physician my income is all over the place. They say that it’s really […]

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March 2019 Income

My March 2019 income came out to $8,094. I haven’t received all of the money yet because I bill my consulting clients and there is often a delay. I’ll break down the income sources and tax implications, as I do every month. You can view my previous incomes dating back to 2015: Income Category. I […]

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January 2019 Income

Earned income in retirement is awesome. It’s even better when it’s work you enjoy doing. Andrew, my financial advisor, is happy that I don’t have to dip into my investments at age 40. And I’m happy that I am engaged in work which I’m passionate about. This is a series of “Income Posts” which I […]

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Estimating Income Taxes for 2018

I used Free Tax USA¬†for the first time yesterday to file my income taxes. I’ll share with you my estimated numbers. I haven’t filed yet because I want to compare the numbers to TurboTax, which I have used since 2007. This software should cost me less than $100 since I would get the deluxe edition. […]