Doug and Carl discuss the challenges of retiring during a market downturn. They delve into the significance of Sequence of Returns Risk & inflation then propose strategies for financial management during recessions, such as cutting expenses, maintaining cash reserves, adjusting withdrawals, part-time work, and re-evaluating investments.
Note: This is a rebroadcast of MHFI episode 133
Be sure to check out the new GhostBed Massage Topper. Save 50% site-wide on your new mattress, pillow, and bedding over at GhostBed (coupon code: MILEHIGHFI)
Head over to Buy Me A Coffee and help support us, so that we can FINALLY make the mesh t-shirts that we’ve been talking about since this episode originally aired in 2022.
Links
—
Join the Mile High FI Club – It’s our email list!
Get MHFi Merch – It helps support the show. Get t-shirts & more
**Disclaimer: The podcast is for informational purposes. Maybe entertainment but we won’t even make such a claim. You shouldn’t take the info as financial, legal, or tax advice. We aren’t certified financial planners or advisors. We’re not qualified for much. So get advice from professionals.**
Brought To You By:
The Doug Show, aka Affiliate Marketing & Side Hustles
1500 Days, Carl’s Blog about Early Retirement
Email us here: [email protected] or [email protected]
0:00 Introduction
4:11 Introduction 2
9:29 Taylor Swift
14:28 Retiring during a recession
18:37 Sequence of returns risk & inflation
23:11 Mitigating Sequence of Returns Risk & inflation
28:51 Other strategies for a downturn
34:28 First decade matters the most
38:43 Blooper- Failed quote
We’re giving away free copies of First to a Million: A Teenager’s Guide to Achieving Early Financial Independence by Dan Sheeks! Leave a comment...
Doug and Amberly talk all about credit, from tips for higher credit scores to tackling common myths via a game of True/False. Doug also...
Doug chats with Elliot Gross (9 to FI podcast) about his path to Financial Independence. He shares how he discovered FI at age 27...