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<<<f they are successfull and each making $125,000 or $200,000 apiece, I'm not sure that is an impossible situation. I
expect that these folks expect to more than make back their educational costs.

The secret is to also not get into the habit of living a $250,000 or $400,000 joint income lifestyle......

Then again, if they can pay $60,000 per year to pay off loans for 10years, just think what $60,000 per year into
retirement accounts would do if they continued that for another 20 years.

A lot of people manage to live on $30,000 or less each year, and many many many on $40,000 or $50,000/yr. >>>

Thier is so much to say about this........so here goes.

Physician income depends on two things, what specialty you're in and where you're practicing. If they're both pediatricians they might be lucky to have a combined income of 200k. However, if they're both invasive cardiologists, 1M would be easy.

Now for the rest. Everyone must remember that each physician is a walking/talking corporation. Like any corporation you have gross sales/income, and then net income or EPS (earnings per share). First you have to subtract things as: malpractice insurance, office space rental, staffing salaries, equipment, etc. These things obviously vary according to practice and area of practice. My malpractice alone is about 10% of gross, but better perspective is about two to three times the average income in my area. It is easily concievable that 1/2 of gross goes to running the corporation and the other 1/2 is CEO pay, which 1/2 goes to Uncle Sam for being a succesful, self-sufficient, productive citizen. Therefore, only about 1/4 of gross earnings comes home.

For the invasive cardiologist, it's not too bad a deal, but for our married pediatricians life will be difficult. While they may be "living" off of 50k, imagine having 3 mortgages (a house and two student loans), trying to save for retirement, and children's college funds. Whenever a neighbor's kid asks me about medicine as a profession, I say I don't regret the choice, but there is a much easier ways to earn a living.

JLC
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