A Boat Named YOLO | Bill Yount | 001
Catching Up to FI: Financial Independence for Late Starters
Release Date: 02/19/2023
Forget the Corporate Ladder, Hereās How to Climb āThe Wealth Ladderā | Nick Maggiulli | 159
Catching Up to FI: Financial Independence for Late Starters
Nick Maggiulli is the data-driven creator of the blog 'Of Dollars And Data', Chief Operating Officer at Ritholtz Wealth, and author of the newly released book 'The Wealth Ladder'. He joins us on the show to break down his six-level wealth ladder and openly shares some of his steps and missteps as he moved up on his own wealth-building journey. In this episode, we discuss these financial insights he shared in the book: Six Wealth Levels (<$10 K to $100 M+) 0.01 % Daily-Growth Spending Rule Grocery / Restaurant / Travel Freedom progression Cookie-cutter asset allocation across ALL accounts...
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Keeping Up With The Joneses | Bill Yount | 158
Catching Up to FI: Financial Independence for Late Starters
Bill hops onto Jesse Cramer's 'Personal Finance for Long-Term Investors' (formally The Best Interest) podcast. Along with some of our favorite content creators, he shares his crazy spending screw ups-- and the life lessons that followed. Stories from: Bill Yount (Catching Up to FI) Jesse Cramer (Personal Finance For Long-Term Investors) Diania Merriam (EconoMe Conference & Optimal Finance Daily) Justin Peters (FI Minded, formally The Struggle is Real) Jordan (Doc G) Grumet (Earn & Invest) Joe Saul-Sehy (Stacking Benjamins) Jeremy Schneider (Personal Finance Club) ...
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Do This To Simplify Your Next Financial Review... (Part 2) | Jon Luskin | 157
Catching Up to FI: Financial Independence for Late Starters
Bogleheads favorite Jon Luskin, CFPĀ® drops in for part 2 of his masterclass on embracing simplicity. He specializes in providing hourly advice to do-it-yourself investors and is a long-time advocate of simple, low-cost investing. In this second part he shares with us: Simple Investor Policy Statement (IPS) All-in-One Funds: target date and balanced/life-strategy funds as "default simple" solutions Disability, life, and (if appropriate) long-term care insurance This is the second part of a 2 part episode. === VOTE FOR US: PLUTUS...
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Do This To Simplify Your Next Financial Review ... (Part 1) | Jon Luskin | 156
Catching Up to FI: Financial Independence for Late Starters
Bogleheads favorite Jon Luskin, CFPĀ® drops in for a masterclass on keeping money moves āso dull they sparkle.ā He specializes in providing hourly advice to do-it-yourself investors and is a long-time advocate of simple, low-cost investing. In this episode he shares with us: Why every late-starterās to-do list should begin with an emergency fund and Social Security game plan before touching their asset mix How low feesānot āsexyā altsāmake numbers grow His soup-to-nuts review (including insurance gaps, estate docs and Investor Policy Statement) How simplicity wins This is...
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Q&A: Tackling Listener Questions | Bill & Jackie | 155
Catching Up to FI: Financial Independence for Late Starters
You asked and we answered! In this episode we tackle listener questions with more than just a one-sentence responseā¦ we go deeper and give you answers with our thoughtful insights, ideas and considerations important to late starters. These are the questions we cover on todayās show: ā Billās costly mistake with whole-life insurance; what should you do instead? ā How does the $19,000 annual gift tax exclusion work? ā Do I have too much in cash as Iām approaching retirement? ā Iām new to investing and pay someone to manage my 401(k). I also want to start a Roth IRA, is...
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Learn This or Never Retire | Bill & Jackie | 154
Catching Up to FI: Financial Independence for Late Starters
On this mid-week episode we join the upbeat creators of 'Rebel Finance School', Alan and Katie Donegan, for a turbo-charged pep rally aimed at every late-starter who's ever whispered "it's too late for me." We kicked off the Donegans' free 10-week course that's helping thousands around the world on their journey to FI. š© NEW! š š ā Like what you hear on Catching Up to FI? Support the show at šļøWe love hearing from you! Record a Voice Message with your feedback or question ===DEALS & DISCOUNTS FROM OUR TRUSTED...
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Mini Retirements, Sabbaticals, Career Breaks- Yes Please! | Jillian Johnsrud | 153
Catching Up to FI: Financial Independence for Late Starters
Jillian Johnsrudāmini-retirement evangelist, mother of five, and author of 'Retire Often'āreturns to show us why pressing pause can be the ultimate career accelerator. In this episode she explains the three hallmarks of a bona-fide mini retirement and the three ways to snag one: 1ļøā£ Negotiate a sabbatical 2ļøā£ Slot it between jobs 3ļøā£ Pounce when life throws an unexpected layoff or family crisis š© NEW! š š ā Like what you hear on Catching Up to FI? Support the show at šļøWe love hearing from you! Record a Voice Message with...
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Late Start, Big Lessons: Early Regrets & Mistakes of a (FI)sician | Bill Yount | 152
Catching Up to FI: Financial Independence for Late Starters
On this mid-week episode, we're switching it up again. This time Bill joins the 'Finance for Physicians' podcast with host Daniel Wrenne, CFPĀ®. In this vulnerable interview, Bill owns up to every late-starter mistakeācredit-card splurges, 'free' advisors, and lifestyle creep after a twin-sized home upgrade. Then he slings real-world antidotes: pause-plan-pivot, backward budgeting, downsizing the McMansion, and letting Social Security's āinflation-proof annuityā finish the job. Bill's best advice is that physicians should treat money like they treat medicineālearn the language,...
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Women And The Great Wealth Transfer | Cary Carbonaro | 151
Catching Up to FI: Financial Independence for Late Starters
In this episode we are joined by Cary Carbonaro, an award-winning author, and Certified Financial Plannerā¢ with over 25 years of experience. Her specialty is empowering women to discover their unique path to financial independence. One thing we love the most about Cary is how radically transparent she is with her clients. Just call her the "Queen of Transparency" because she shares her tax return, investment portfolio and other parts of her financial life with them. In our conversation with her we discuss: The Great Wealth Transfer that she talks about in her latest book, 'Women and...
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Women Talk Taxes (Part 2) | Jackie Cummings Koski | 150
Catching Up to FI: Financial Independence for Late Starters
This mid-week episode is the recording of a session done with the smart women of the WE (Women Empowered) Wealth Collective, titled: What Every Woman Should Know About Minimizing Taxes in Retirement. āCatching Up to FIā co-host and author of āF.I.R.E for Dummies', Jackie Cummings Koski, CFPĀ®, AFCĀ®, continues through an easy to follow checklist of tax considerations in retirement. She demo-drives 72(t) and RMD calculators, live-shops the ACA site to score premium tax credits, and shows how Medicare surcharges work. Topics for the series include: Age-band tax checklist...
info_outlineBecky interviews her co-host Bill regarding his conflicted relationship with money on the way to financial recovery after a late start on the journey to financial independence.
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Disclaimer: We are not lawyers, financial advisors, accountants or tax experts. Please consult your own professional advisors before making any important decisions. Our content is for entertainment and education purposes only.