Does the four-percent rule actually work? On paper, yes. So why don’t more people put it to the test? Today’s guest retired at forty-seven years old and is living proof that the math really does check out. Stay tuned to find out how!
Welcome back to the BiggerPockets Money podcast! Bobby Beck has done what so many in the FIRE community are seemingly unable to do—he actually retired on the four-percent rule! What’s more? He did it while living in the Bay Area, one of the most expensive markets in the US. What gave him the confidence to leave his job and never look back? While “One More Year Syndrome” keeps many people from retiring early, Bobby’s mantra of “take a year” compelled him to take a leap of faith. Even though his retirement portfolio took a sixteen-percent hit right before he retired, he weathered the storm, and sure enough, the market rebounded!
Now, Bobby lives the life people dream of when they discover FIRE. He has a comfy lifestyle, travels multiple times a year, and only checks his portfolio once a month. If you need the motivation to call time on your career and put your retirement date on the calendar, you don’t want to miss this episode!
In This Episode We Cover
How Bobby and his wife retired on the four-percent rule (at age 47!)
Why the FIRE community overestimates how much they’ll owe in taxes
How to beat “One More Year Syndrome” and actually retire early
Growing your brokerage accounts and cash to avoid the middle-class trap
The portfolio allocation that will give you the confidence to retire
And So Much More!
Links from the Show
Mindy on BiggerPockets
Scott on BiggerPockets
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Join BiggerPockets for FREE
Email Mindy: Mindy@biggerpockets.com
Email Scott: Scott@biggerpockets.com
BiggerPockets Money Facebook Group
Follow BiggerPockets Money on Instagram
“Like” BiggerPockets Money on Facebook
Sign Up for BiggerPockets Momentum 2025 to Reach FIRE Faster
Maximize Your Real Estate Investing with a Self-Directed IRA from Equity Trust
Learn How to Retire Early with Scott’s Book “Set for Life”
Find an Investor-Friendly Agent in Your Area
How Much Do You Need for Early Retirement? (How to Calculate Your FI Number)
(00:00) Intro
(01:03) Retired at 47!
(05:49) Bobby’s Portfolio
(08:35) Real Estate Investments
(17:05) Withdrawals & Tax Strategies
(26:45) 100% Stock Portfolio
(34:36) What Does Your Life Cost?
(39:47) The 4% Rule Works!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-605
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com
Learn more about your ad choices. Visit megaphone.fm/adchoices
