On the Road With Catching Up to FI | $lackers Part 2 | 064
Catching Up to FI: Financial Independence for Late Starters
Release Date: 03/07/2024
Our Team is Growing: Welcome Patrick! | Patrick McDonnal | 136
Catching Up to FI: Financial Independence for Late Starters
We're excited to introduce you to our newest 'Catching Up to FI' team member, Patrick McDonnal. In this episode, you'll get to hear some of his money story and how he'll be helping with the show. Patrick discusses his career transition from engineering to financial planning and openly shares how the early financial education he got from his grandfather helped shape his journey. We're also celebrating with Patrick because he just sat for the very challenging, CFP Exam in March and got a preliminary 'Pass'. He is now well on his way to earning his Certified Financial Planner credential. ...
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How to Bake a Cake: An Asset Allocation Mashup | Rick Ferri & Paul Merriman | 134
Catching Up to FI: Financial Independence for Late Starters
Joining us on this episode is not just one, but TWO titans in the investing and financial literacy space, Rick Ferri and Paul Merriman. These two great minds go head-to-head on topics like asset allocation, and the risks/rewards of small cap value funds vs. total stock market funds. Through this high energy debate, they also provide expert insights into the various stages of your investing journey. Rick and Paul both share how they empower investors through their platforms and continue their relentless mission of spreading financial education. π β Like what you hear on...
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Bonus Episode: The Market is Crashing, Now What? | Bill & Jackie | 135
Catching Up to FI: Financial Independence for Late Starters
π Between April 3rd and 4th, the stock market dropped 10% and the S&P 500 is down nearly 15% so far this year. That's huge in such a short period of time and downright frightening! So, what do you do? Start by listening to this episode where Bill and Jackie take a deep breath, and discuss the impact of these recent market declines. There is a natural human reaction of fear, but they share tips on tempering those emotions and remaining levelheaded during volatile times. They also talk through the importance of understanding stock market history and cover practical strategies like...
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Cashing in on 72(t): The Goldmine of Early Retirement Rules (Part2) | Bill Stecker | 133
Catching Up to FI: Financial Independence for Late Starters
One of the most frequent questions we get about retiring early is: 'How do I get money out of my retirement accounts before age 59.5, without paying the 10% penalty'? This episode answers that question and more with CPA and 72(t) expert, Bill Stecker. Bill is the founder of The Marble Group which specializes in federal income taxes and early retirement distributions. He's also the brilliant mind behind the website '72tcalc', hands down the most comprehensive resource we've found specifically focusing on 72(t)s. Cohost Jackie knows because she set up her own substantially equal periodic...
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Financial Literacy and Mastering the Million Dollar Decisions | Paul Merriman | 132
Catching Up to FI: Financial Independence for Late Starters
April is Financial Literacy Month, and to help us celebrate we brought in a returning guest, Paul Merriman. Paul has been on the show before to discuss investment portfolios, but today he talks with us about some extraordinary strides he's making as a financial literacy advocate through his nonprofit, The Merriman Financial Education Foundation. We also share some of our favorite financial literacy resources. π β Like what you hear on Catching Up to FI? Support the show at ποΈWe love hearing from you! Record a Voice Message with your feedback or question ...
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72(t) Expert Tells All: No More Secrets About Early Withdrawals (Part 1) | Bill Stecker | 131
Catching Up to FI: Financial Independence for Late Starters
One of the most frequent questions we get about retiring early is: 'How do I get money out of my retirement accounts before age 59.5, without paying the 10% penalty'? This episode answers that question and more with CPA and 72(t) expert, Bill Stecker. Bill is the founder of The Marble Group which specializes in federal income taxes and early retirement distributions. He's also the brilliant mind behind the website '72tcalc', hands down the most comprehensive resource we've found specifically focusing on 72(t)s. Cohost Jackie knows because she set up her own substantially equal periodic...
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Discipline Is Hard To Maintain In The Heat of Battle | Bill Yount | 130
Catching Up to FI: Financial Independence for Late Starters
'Catching Up to FI' founder and co-host, Bill Yount, appeared as a guest on the EverydayFI podcast with host Meghan Combs. The show explores the lives and stories of everyday people in the financial independence community so Bill opens up about his FI journey as a late starter. He of course represents our Catching Up to FI community. He had a lot to say so this is the second part of a two-part episode. The first part was aired last Wednesday (episode 128) so be sure to check it out. π π β Like what you hear on Catching Up to FI? Support the show at ...
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Not Just Another Album, Itβs A Money Revolution! | Alan & Katie Donegan | 129
Catching Up to FI: Financial Independence for Late Starters
In this episode we welcome back the rebels, Katie and Alan Donegan. They are founders of the Rebel Finance School and have turned the concept of financial independence (FI) into an energetic global movement. We are celebrating the launch of their brand-new music album. But it's not just music, itβs a Money Revolution and the world's first financial independence album! The Donegans give us a behind the scenes look at the making the of the album and a backstage pass to some of the tracks, including: π€ 4% Rule π€ Badassity (Mustachianism) π€ Create a Gap π€ The Boring...
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Get To Know Your Future Self | Bill Yount | 128
Catching Up to FI: Financial Independence for Late Starters
'Catching Up to FI' founder and co-host, Bill Yount, appeared as a guest on the EverydayFI podcast with host Meghan Combs. The show explores the lives and stories of everyday people in the financial independence community so Bill opens up about his FI journey as a late starter. He of course represents our Catching Up to FI community. He had a lot to say so this is a two-parter and will be aired over the next two Wednesday episodes. π π β Like what you hear on Catching Up to FI? Support the show at ποΈWe love hearing from you! Record a Voice Message...
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Coast FI Couple | Matt & Yana Tarr | 127
Catching Up to FI: Financial Independence for Late Starters
Jackie is out this week, and her co-host seat is being filled by Mindy Jensen (the hostess with the mostest π) from the 'BiggerPockets Money' and 'Living a FI Life' podcasts. In this episode we talk with Matt and Yana Tarr, the married duo behind the 'CoastFI Couple' blog and podcast. The conversation centers around the power of Coast FI, and how open, healthy communication about money can strengthen partnerships and marriages. We also highlight their favorite budgeting and accountability tool, Qube Money and why it's such a great tool for late starters. π π β Like what...
info_outlineTo wrap up this installment of On the Road with Catching up to FI, Becky and Mark chat with Vince and Briana from their $lackers group. Vince discusses his transition to retirement and Briana sheds light on how she's preparing for her future while still working full-time.
Thank you to the $lackers for sharing your stories with us!
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Personal Finance Club (Use code CUTOFI to get $30 OFF any course or PFC investing course only!)
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Resources mentioned on the show:
Roger Whitney
The Retirement and IRA Show
Annuity
Empower (formerly Personal Capital)
529 Plan
Mark's Financial Literacy Course
The Wealthy Barber: Everyone's Commonsense Guide to Becoming Financially Independent by David Chilton
"Start where you are. Use what you have. Do what you can." Arthur Ashe
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.