BiggerPockets Money Podcast 446: FIRE by 50: How to Have FUN on Your Journey Toward Early Retirement
4 snips
Sep 1, 2023 Financial independence advocate Mark Trautman shares his journey to early retirement, including maximizing 401(k) contributions and implementing Roth conversion strategies. He discusses enjoying the journey to FIRE, managing finances after the death of a spouse, minimizing tax liability, and the concept of a 'fun bucket' account for guilt-free indulgences. The podcast also covers comparing financial progress, managing taxes and health insurance in early retirement, teaching financial matters to children, and concerns with the 4% rule for retirement planning.
Chapters
Transcript
Episode notes
1 2 3 4 5 6 7 8
Introduction
00:00 • 2min
Journey to Financial Independence
01:48 • 27min
Comparing Your Financial Progress and Importance of Savings
29:17 • 6min
Managing Taxes and Health Insurance in Early Retirement
35:06 • 13min
The Concept of the Fun Bucket for Early Retirees
47:56 • 5min
Teaching Financial Matters to Their Daughter
53:13 • 4min
Achieving Financial Independence with Mark
56:59 • 5min
Concerns and Alternatives to the 4% Rule for Retirement Planning
01:02:22 • 3min