The Mindful FIRE Podcast 135 : Retiring early at 41 with Maggie Tucker
Podcast Show Notes In this episode: Early Retirement, FIRE, Financial Independence, Mindfulness, with Guest Maggie Tucker
Episode Summary: In this episode, Adam Coelho interviews Maggie Tucker, who retired early at the age of 41. They discuss Maggie's journey to financial independence and the steps she took to achieve early retirement. The episode is divided into two parts, with this episode focusing on Maggie's experience eight months after retiring.
Guest Bio: Maggie Tucker is a retired corporate professional and a mother of three. After spending 20 years in corporate America, she decided to pursue early retirement and financial independence. Maggie is also the host of the Inside Out Money podcast, where she shares insights on financial independence and personal finance topics.
Resources & Books Mentioned:
• The Simple Path to Wealth by J.L. Collins
Guest Contract Information:
Key Takeaways:
- Maggie and her husband achieved early retirement by avoiding lifestyle inflation and spending less than they earned.
- Maggie's journey to early retirement was a slow build, with several years of aggressive saving and investing.
- Maggie emphasizes the importance of tracking expenses and net worth to stay on top of financial goals.
- They maximized their participation in deferred compensation plans and maximized their contributions to 401k accounts.
- Maggie highlights the benefits of open and honest conversations about money, which helped her and her husband make better financial decision.
- The decision to retire early required careful planning and overcoming fears associated with leaving a stable job.
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