Two Sides of FI

Have Enough to Retire (Early)? 10 Steps to Make Sure

Nov 28, 2021

Exploring retirement planning steps for financial independence, discussing dream retirement designs, tracking expenses, projecting future spending, using the bucket strategy for asset allocation, analyzing retirement income sources, and leveraging tools like Personal Capital and Notion for financial planning.

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Quick takeaways

Start early and revise plans constantly for early retirement preparation.

Design dream retirement by prioritizing lifestyle changes and post-retirement activities.

Monitor current spending, forecast future expenses, and understand safe withdrawal rates for financial security.

Deep dives

Implementing Financial Independence and Retirement Early Strategies

To start, putting on your game face involves taking preparation seriously, beginning the journey by gathering essential information, especially as Fritz's writings can be overwhelming with their depth. Starting earlier is crucial as constant revision and learning is inevitable in the path towards early retirement.

Intro

3min

Designing a Dream Retirement and Financial Planning

8min

Planning Retirement Finances: A Detailed Analysis

20min

Estimating Retirement Income and Planning Tools

7min

Retirement Income Planning Strategies and Asset Allocation

15min

Financial Stability and Early Retirement Planning

5min

Organizing Information and Problem-Solving with Notion

3min

Will you have enough to money to retire (early or otherwise)? Achieving financial independence requires many key elements to be in place and special consideration if you plan to retire early. You need a plan: what will you do? What will you spend? Where will it come from?

In this episode, Eric and Jason discuss a recent blog post by Fritz @ The Retirement Manifesto where he discusses the "10 Steps to Make Sure You Have Enough Money to Retire". We cover how we've been designing our "dream retirement", how we track current expenses and project future spend, how Jason is drawing down assets and Eric's evolving plan to use "the bucket strategy", and much more.

**H/T to Fritz's post "10 Steps to Make Sure You Have Enough Money to Retire", please see his article at The Retirement Manifesto: https://www.theretirementmanifesto.com/10-steps-to-make-sure-you-have-enough-money-to-retire-2/

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Two Sides of FI

Have Enough to Retire (Early)? 10 Steps to Make Sure

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Implementing Financial Independence and Retirement Early Strategies

Designing the Dream Retirement and Planning for the Future

Tracking Current Spending and Managing Expenses

Forecasting Retirement Spending and Financial Projections

Determining Safe Withdrawal Rate and Retirement Income

Remember Everything You Learn from Podcasts