Frugal by nature, he and his wife had been socking away half their income for years
About a decade into practicing medicine, Leif Dahleen had reached that milestone. . Financial independence felt good, he says, but they weren’t ready to take the plunge into„Financially, I could have afforded to give 90 days‘ notice right then and there, but mentally, I was not at all prepared to do so,“ Dahleenin an article for Business Insider. „I had not even worked a decade since finishing residency, and I had a family and a lot to think about.
Dahleen, an anesthesiologist in northern Minnesota, ultimately decided to continue working and saving money to retire in about four years. He calculated that by then he’d have at leastBut in the year leading up to retirement, he had a financial to-do list to tackle.„I would say a few of the top priorities were making a plan for
, funding our kids‘ 529 plans and donor-advised fund, and ensuring we had significantly more than 25 times a generous retirement budget set aside for ourselves,“ Dahleen told Business Insider.is crucial for any would-be early retiree, he says. Individual healthcare plans are expensive, and going without coverage isn’t wise, especially for a family of four.
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