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How a Second Grader Beats Wall Street | Allan Roth | 033

Catching Up to FI: Financial Independence for Late Starters

Release Date: 09/03/2023

The $1,000 Gift From Jonathan Clements To 18-Year-Olds | Bill Bernstein & Christine Benz | 160 show art The $1,000 Gift From Jonathan Clements To 18-Year-Olds | Bill Bernstein & Christine Benz | 160

Catching Up to FI: Financial Independence for Late Starters

Morningstar's Christine Benz and investing-history legend Dr. William Bernstein announces the Jonathan Clements "Getting Going on Savings" Initiative. In 2024, Jonathan was diagnosed with a terminal illness and decided to use the proceeds from a final book to kick-start a new program that will directly help fund Roth IRAs for young adults (especially from low-income households) to the tune of $1,000 each. The John C. Bogle Center for Financial Literacy, a 501(c)(3) non-profit, is assisting with the project and 'Catching Up to FI' is proud to spread the word by replaying this conversation that...

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Forget the Corporate Ladder, Here’s How to Climb ‘The Wealth Ladder’ | Nick Maggiulli  | 159 show art Forget the Corporate Ladder, Here’s How to Climb ‘The Wealth Ladder’ | 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 show art 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 show art 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, CFP® 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 show art 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, CFP® drops in for a masterclass on keeping money moves “so dull they sparkle.” 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-starter’s to-do list should begin with an emergency fund and Social Security game plan before touching their asset mix How low fees—not “sexy” alts—make 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 show art 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 response… 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 today’s show:   ✅ Bill’s costly mistake with whole-life insurance; what should you do instead? ✅ How does the $19,000 annual gift tax exclusion work? ✅ Do I have too much in cash as I’m approaching retirement? ✅ I’m 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 show art 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.     📩   NEW! 🌐  🔗 ☕ Like what you hear on Catching Up to FI? Support the show at   🎙️We 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 show art Mini Retirements, Sabbaticals, Career Breaks- Yes Please! | Jillian Johnsrud | 153

Catching Up to FI: Financial Independence for Late Starters

Jillian Johnsrud—mini-retirement evangelist, mother of five, and author of 'Retire Often'—returns 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: 1️⃣ Negotiate a sabbatical 2️⃣ Slot it between jobs 3️⃣ Pounce when life throws an unexpected layoff or family crisis   📩   NEW! 🌐  🔗 ☕ Like what you hear on Catching Up to FI? Support the show at   🎙️We 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 show art 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, CFP®. In this vulnerable interview, Bill owns up to every late-starter mistake—credit-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 ‘inflation-proof annuity’ finish the job. Bill's best advice is that physicians should treat money like they treat medicine—learn the language,...

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Women And The Great Wealth Transfer | Cary Carbonaro | 151 show art 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 Planner™ 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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Allan Roth is the founder of Wealth Logic, LLC, an hourly-based Investment Advisory and Financial Planning firm that uses behavioral finance, logic, and data to develop a financial approach that will produce significantly higher real returns than most investors for their desired level of risk. 

He has been working in the investment world for 25 years in corporate finance and also has additional decades of experience in portfolio construction and performance benchmarking.

Allan takes pride in being mocked on a semi-regular basis by some financial professionals for his hourly fee model and its apparent inability to make him rich. He is also the author of How A Second Grader Beats Wall Street and writes for AARP, Barron’s, ETF.com, Advisor Perspectives, and others.  Allan has taught investments and behavioral finance at the University of Denver, Colorado College, and the University of Colorado at Colorado Springs and currently teaches continuing education classes on the subject to CPAs, attorneys, and CFP® certificants. Despite the many credentials he has earned, Allan claims he can still keep investing simple and “dares us to be dull” and think like second graders in our investing. His professional goal is never to be confused with Jim Cramer.

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Resources mentioned on the show:

Wealth Logic - Dare to be Dull

How a Second Grader Beats Wall Street by Allan Roth

A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing by Burton G. Malkiel

The Millionaire Next Door: The Surprising Secrets of America's Wealthy by Thomas J. Stanley

Prospect Theory

Predictably Irrational by Dr. Dan Ariely

The Bogleheads' Guide to the Three-Fund Portfolio: How a Simple Portfolio of Three Total Market Index Funds Outperforms Most Investors with Less Risk by Taylor Larimore

The Simple Path to Wealth: Your road map to financial independence and a rich, free life by JL Collins

How to Think About Money by Jonathan Clements

The Four Pillars of Investing: Lessons for Building a Winning Portfolio by William J. Bernstein

The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns by John C. Bogle

Common Sense on Mutual Funds by John C. Bogle

tipsladder.com

Fama and French's Three-Factor Model

Open Social Security: Free, open-sourced Social Security strategy calculator

The Long View Podcast Episode: I Embrace Dumb Beta with Allan Roth

Catching Up to FI Episodes 008 & 009: We're Talking Millions! With Paul Merriman

bogleheads.org

Morningstar

Yahoo Finance

Winning the Loser's Game: Timeless Strategies for Successful Investing by Charles D. Ellis

2023 Bogleheads Conference

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.