Doug and Carl chat about some questions that listener Austin submitted regarding early retirement and withdrawal strategies. They explore the nuances of early retirement, discussing happiness, daily life, and responsible financial drawdowns. They also address withdrawal strategies, including rental properties, index funds, automated transfers, tax optimization, health insurance, and how to handle Required Minimum Distributions (RMDs).
Note: This is a rebroadcast of MHFI episode 190
Do you like the podcast and want to support the show? Follow the link to find out how: https://milehighfi.com/support/
Links
—
Join the Mile High FI Club – It’s the 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
Email the show: [email protected]
0:00 Introduction
9:23 Post-FI life
18:58 What does FI look like?
27:05 Shifting interests
32:33 Passive income & rental properties
38:20 Index fund withdrawal strategy
45:30 Withdrawal amount
53:09 RMDs and tax strategies
1:03:51 Professional financial advice
1:13:01 Soundcheck – Paper notebooks
Doug and Carl talk to Money Honey Rachel Richards about books, real estate, fitness, and Taylor Swift. Background How Rachel's upbringing motivated her Reading...
This hilarious episode is full of our typical shenanigans, but also some nuggets of wisdom! Carl and Doug were joined by Carl's wife, Mindy...
Doug and Carl talk to Vivi Ton who made bold moves in life including quitting a lucrative engineering job. Vivi’s toxic work environment Leaving...