Tyler Olson, EA

This is a safe place to learn about finance. Every question is valid! #MedTwitter #MedStudentTwitter #financialplanning

@dshoskes I'm glad for you! What was the appeal that convinced you to make the jump?

@olsonplanner Retiring from clinical work to a full time career in Industry was the best "unforced" move I ever made. Whenever I doubt it, I speak with former colleagues and bathe in the schadenfreude.

Doctors beware - You may hate retirement.

I don't know who needs to hear this but I've got 2 more Single Session slots ($4,000 fee) left for 2026.

@McHaleCapMgmt I love that, good for you Paul!

@olsonplanner Retire into something you love / new career / new hobby / renewed interest in old favorite. Practicing 1/4 time has been so good for the mind and soul. Working as hard at other things - but on our schedule.

@DrSarahAxelrath Those don't get nearly as much attention as PSLF, but they're great, especially as they align the incentives with the types of care that are sorely needed, as I'm sure you know far better than me. Well deserved!

@olsonplanner Many thanks to state loan repayment! x.com/drsarahaxelrat…

I paid off the entirety of my student loan debt and my credit score went DOWN. Neat.

@jointdocShields Yeah fair point : /

@olsonplanner I believe the current healthcare environment is going to make people welcome it with open arms

@Willias9E I'm genuinely curious, please do so!

@olsonplanner I am retiring in July. I will report back.

@martinfrosa Precisely!

@olsonplanner If you are going to market time, you have to get two decisions right - exit AND reentry. No one can.

One time, I had a client insist on getting out of the market because he "knew" the market was going to go down further. Turns out, he was right. He got out in November 2008. The market didn't bottom out until March 2009. It felt like a smart move. Except now there was a new problem. He now "knew" the other shoe had yet to drop. So even as the market rose in late 2009 and onward, he wasn't convinced. It wasn't until July 2015 that he finally jumped back in. He missed out on SO much investment growth because the one time he "timed the market" convinced him he could do it again. With investing, we gotta stay out of our own way and just keep on investing consistently.

@martinfrosa This is the way.

@olsonplanner Term life was safeguard for my financial plan for a long time until we parted ways. Now my taxable and tax-deferred accounts are heroes. This is the way.

3 things I like about term life insurance: 1. It provides a massive cash infusion for a family if the income earner(s) pass away before they could accumulate sufficient wealth. 2. It's usually inexpensive relative to the risk it's protecting. 3. The cost is eliminated as real wealth is built.

@EricKnauerMD @TomVargheseJr Got that right!

@olsonplanner @TomVargheseJr You have to have several hobbies and some way to interact with other people.

@Kev_In_Med Love this for you, Kevin. What comes next is well-deserved!

Just signed my first attending contract! And graduation is in just under two months. I can’t believe it. This whole dream is coming together. Just a boy be coming the attending ER doctor. I worked as an ER scribe for four years. If he could see us now.

@VeniVediAndLeft G O O D F O R Y O U !

@olsonplanner N O P E

@sportsdoc2016 "don't have to" - we call that FIRE. Financially independent...recreational employment.

@olsonplanner My problem is I truly like the work. I don’t like the travel or late night calls. I do locums ortho trauma. As long as I’m doing good work, I’ll continue for a bit. But the nice thing is I know I don’t have to.

@pgipe You n me doc

@olsonplanner I’m planning a looooong slow incremental wind down.

@JeffSteinerDO You my friend are a shining example.

@olsonplanner Or you may find your victory lap career …

@JOSEPH45075332 What are the pros of working with an independent group?

The hard part for oncology is working solo I am not happy being employed. But while I can find independent groups, I am at a point in my life where we don’t want to move There is locums. I think I could do that but not necessarily find as much satisfaction I think I’ll give it a go whenever I retire. It’d be a good idea to make a trial run of it. But I’d still be an employee. Albeit a temp

@Browngirl_MD ...or you will embrace it with glee : )

@olsonplanner Nope. I'm counting the days where I never have to fill out another fucking disability form

@WinnerInvestor huh well that seems interesting

@olsonplanner Honestly, started trading/investing a lot more. Started a company.

@lungmedonc Ahh nice I know several who have done that with notable success. It's a solid path!

@olsonplanner Went back to a new gig- it was a planned vacation

@LeslyDossett @UMichSurgery @KUMedCenter @KuSurgery Congratulations and best of luck to you as you build up those around you!

After 10 wonderful years at @UMichSurgery I’m excited to join @KUMedCenter as Chair @KuSurgery. It’s an exciting time in Kansas City and I’m honored to lead this next phase of growth in Surgery.

@JOSEPH45075332 You're an oncologist? Is there a facet of your work that you would want to (and could readily) continue into your 60s/70s if you wanted to?

@olsonplanner Yes. I have a few I can keep busy. But none I fear as meaningful as continuing to be a physician