No. of Recommendations: 0
<<To Repowoman, yes the the time the interest accruing is significantly larger for MDs then JDs. This is important in both opportunity cost, the interest accumulation as well as the ability to pay down debt and accumulate wealth. When I mentioned 4-7 years, that did not include medical school. Add another 4 years so now we are talking 11 years since graduating from college. Thats where I am now, yes I will be a super specialist, but I really feel like XRAYMD that at least the habit of paying something to the interest every month would have really been a great thing. It is this habit of making regular payments/saving that is important for professionals to learn, recently out of school. I guess 3 years of law school doesnt seem so bad to me. >>


I'd be interested in how you evaluate the opportunities and compensation you can expect after completing such a demanding program. Do you expect that current reimbursement levels will be adequate to allow you to retire this debt load in a reasonable way and still lead the upper middle class lifestyle such a commitment might reasonably expect to provide?

Also, I'm hearing increasingly of physicians in their early 50s choosing to retire rather than continue providing services. I'm wondering if you see this as a real trend, and what factors you see contributing to this phenomena (I'd guess a combination of reimbursement levels, high marginal tax rates on income vs no taxes on time taken as leisure, and increased bureaucratic control and legal exposure, but what do I know?)


Thanks for any comments.



Seattle Pioneer
Print the post  

Announcements

UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement