Catching Up to FI Hard & Soft Sides of Retirement | Fritz Gilbert | 019
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Jun 11, 2023 Fritz Gilbert, author of The Retirement Manifesto and creator of Freedom for Fido, retired corporate pro who writes about financial and non-financial retirement planning. He discusses Roth strategies, account location, and the bucket drawdown approach. He also explores timing Social Security, protecting against sequence-of-return risk, and planning the mindset and purpose side of retirement.
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Plan The Soft Side Early
- Start preparing the non-financial side of retirement at least a year before you stop working.
- Focus on purpose, identity, and routines as much as you did on the math.
Save Secondary Paychecks
- Don't become dependent on a secondary paycheck; sock it into investments instead.
- Use that saved income to smooth career transitions like parental leave.
Match Asset Growth To Tax Bucket
- Place high-growth assets (stocks) in Roth accounts and lower-growth assets (bonds) in pre-tax IRAs when possible.
- Put tax-favored or municipal income in taxable accounts to optimize taxes.
