Withdrawal Strategies in Early Retirement | MHFI 190

Carl and Doug explore the nuances of early retirement, diving into aspects ranging from daily life to responsible financial drawdowns. They also address withdrawal strategies, involving rental properties and index funds, automated transfers, and how to handle Required Minimum Distributions (RMDs). The discussion expands into elements of happiness in retirement, spending decisions and the implication of tax optimization and reinvestment. Additionally, a conversation about handwritten notes vs. digital tools unfolds, shedding light on the benefits of ‘old-school’ note-taking.

Listener Questions: What does your retired life look like?  Do you still work, do you have income, do you still consider yourself retired if you do?  What does your daily routine look like?

Do you have a withdrawal strategy that provides excess savings?  If so, don’t let that money go to waste.  Come support us over at Buy Me A Coffee.

Links

• Get your DIY colonoscopy kit, A.S.S.: MileHighFI.com/ASS
• Carla & Robert on Mile High FI episode 012
• Arik Peterson on Mile High FI episode 090
• Mr. Money Mustache
• Mindy Jensen, First-Time Home Buyer
• Chris & Deb (Go Bucket Yourself) on Mile High FI episode 052
• Mark Trautman, The Fun Bucket
• FI Calc
• Sean Mullaney
• Mad Fientist, Tax-Gain Harvesting
• Mad Fientist, How to Access Retirement Funds Early
• Downshift Financial
• Bullet Journaling
• Mile High FI Facebook Group
• 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.**

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

1:05 Post-FI life

10:34 What does FI look like?

18:51 Shifting interests

25:59 Rental properties & retirement income

30:31 Index fund withdrawal strategy

35:46 Withdrawal frequency & amount

46:37 RMDs and tax strategies

57:34 Professional financial advice

1:07:24 Soundcheck – Paper notebooks