Navigating the Journey to FI: Real Estate, Retirement, and Financial De-Risking | MHFI 233

Doug and Carl answer questions from the Facebook mailbag.

• Akshay – I like the concept of giving money away, but I don’t want to die with zero. This is too close for comfort. I agree with helping out kids with their education, as long as they have skin in the game. I also agree with the idea of not wanting to wait until the end to pass your wealth onto your kids. It’s very much aligned with our life plans. However, I prefer to not die with zero, even though the book, by the same name, is nothing short of genius. Here’s why – say you give away all your money before you die and you need some or all of it back, you might need extra money based on your condition, health, other expenses for end of life, assisted living, etc
• Branden – More stories of people who did it without rental real estate!
• Angela – I’d like to hear about what to do in the last 5 years before retirement. Things like buffering HYSA, acquiring bonds (sell stocks or buy bonds outright?), health insurance, dental insurance, vision insurance, things I might want to consider before I quit my job.
• Jon – Withdrawal tactics – from index funds to short & medium term living expenses or keeping a high interest account, etc
• Chris – It’s been a little over 1 year since you & Mindy were on Ramit’s podcast. MHFI episode 167 provided a good recap where both of you discussed some changes you wanted to make. Can you provide an update and discuss any changes you actually made, what changes you still would like to make, and any challenges/struggles you’ve faced along the way?

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Links

(*Some affiliate links so we might earn a commission if you buy something)

• MHFI Facebook group
• Bill Perkins, “Die With Zero”
  • Kindle
  • Hardcover
  • Paperback
  • Audiobook
• Darren & Jolene on MHFI episode 228
• Bob Haines on MHFI episode 210
• Pete Adeney/Mr. Money Mustache
• Brad Barrett/ChooseFI
• JL Collins, ““How I Lost Money in Real Estate Before It Was Fashionable”
  • Kindle
  • Hardcover
  • Paperback
• JL Collins on MHFI episode 201
• Arik Peterson on MHFI episode 90
• Eddie & Travis/Downshift Financial on MHFI episode 024
• Jeremy Schneider on MHFI episode 122
• Go Curry Cracker, “The Path to 100% Equities”
• Recap of Carl & Mindy’s interview with Ramit on MHFI episode 167
• EconoMe Conference
• Amberly Grant/FinTalks Cruise
• CampFI
• Tim Ferriss
• Doug’s site
• Carl’s blog: 1500 Days

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**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.**

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1500 Days, Carl’s Blog about Early Retirement

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0:00 Introduction

2:06 Question – Not dying with zero

6:01 Rental real estate

11:06 Question – Early retirement without real estate

16:13 Question – What to do 5 years before retirement?

23:14 Question – Withdrawal tactics

29:47 Question – Life since Ramit podcast

36:43 Carl’s future spending plans

42:21 Ramit’s advice not taken

46:45 Guitar aspirations

51:01 Soundcheck – A break from FI events?