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The Money with Katie Show
How to Create Your Comprehensive Financial Independence Timeline
Nov 20, 2024
Dive into the intricacies of creating a personalized financial independence timeline using innovative planning tools. Discover how temporary expenses, like childcare, and future income sources can reshape your projections. Learn about key assumptions that drive financial planning, including withdrawal rates and inflation's impact. The speaker shares their own journey to financial independence and offers valuable insights on optimizing retirement income. Plus, get insider tips on the latest planning tool to enhance your financial strategy!
38:27
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Quick takeaways
- The updated Wealth Planner tool enhances financial independence planning by integrating factors like temporary expenses and future income sources for accurate projections.
- Investing through the Fidelity app provides easy access to the market with no fees or commissions, encouraging broader participation while highlighting investment risks.
Deep dives
Cost-Effective Investing
Investing with the Fidelity app can be started with as little as $1, and the platform offers no account fees or commissions on U.S. stocks and ETFs. This accessibility makes it easier for individuals to enter the investment market without significant financial barriers. However, it's essential to note that while retail brokerage accounts benefit from zero fees, some ETFs may incur specific transaction-based service fees. This model encourages a broader audience to explore investing while understanding the inherent risks involved.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode