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Retirement Remix: Crafting Financial Futures with Purpose | Christine Benz | 117

Catching Up to FI: Financial Independence for Late Starters

Release Date: 01/19/2025

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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Women Talk Taxes (Part 2) | Jackie Cummings Koski | 150 show art 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. ‘Catching Up to FI’ co-host and author of ‘F.I.R.E for Dummies', Jackie Cummings Koski, CFP®, AFC®, 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...

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The Godfather of FI Talks Fatherhood | JL Collins | 149 show art The Godfather of FI Talks Fatherhood | JL Collins | 149

Catching Up to FI: Financial Independence for Late Starters

Mention financial independence and one of the first names that come up is JL Collins, author of the bestselling book 'The Simple Path to Wealth'. In fact, he is affectionately known as the Godfather of FI. One million copies and 10 years after its original publication, JL back with a shiny new, revised and expanded edition... and it just hit the New York Times Bestseller list!!! We know you've heard and seen JL all over the place because he is a BIG deal. But we uncovered some intriguing facts about his life and career that isn't often talked about (we're just curious like that). Here are...

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Women Talk Taxes (Part 1) | Jackie Cummings Koski | 148 show art Women Talk Taxes (Part 1) | Jackie Cummings Koski | 148

Catching Up to FI: Financial Independence for Late Starters

Tax talk without the snooze-fest! 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. ‘Catching Up to FI’ co-host and author of ‘F.I.R.E for Dummies' Jackie Cummings Koski, CFP®, AFC®, turns this insightful discussion into a masterclass on trimming Uncle Sam's tab at every phase of retirement. Jackie rewinds to her own FIRE (Financial Independence, Retire Early) journey: the divorce-day "401(k) gap" that lit her savings rocket, supersizing...

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Hanging On In a Yo-Yo Economy | Sam Stovall | 147 show art Hanging On In a Yo-Yo Economy | Sam Stovall | 147

Catching Up to FI: Financial Independence for Late Starters

Wall Street has us all on edge right now, so we called in one of the smartest people we know when it comes to stock market to help us make sense of it all, Sam Stovall. Sam is CFRA's Chief Strategist and a market historian that knows his stuff! He joins us in this episode to discuss: What stock market history tells us about the shaky situation we're in today  What tariffs really have to do with the stock market and economy  The 'rebalance' rule  Mid-term election tailwinds  Where the federal reserve fits into all of this   📩   NEW! 🌐  🔗 ☕ Like...

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🥳Celebrating 1 Million Downloads- Thank You! | Bill & Jackie | 146 show art 🥳Celebrating 1 Million Downloads- Thank You! | Bill & Jackie | 146

Catching Up to FI: Financial Independence for Late Starters

We just hit 1 Million Podcast Downloads... that puts us in the top 1% of podcasts world wide!!! And we have you to thank 💞 This is a special message from Bill and Jackie to everyone that helped the podcast grow to this level. We are so grateful for the support and looking forward to the next million downloads with our regular Sunday episodes and occasional pop-up episodes on Wednesdays.  🌐  🔗 📩 ☕ 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   ...

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More Episodes
In this episode we welcome back Christine Benz, director of personal finance and retirement planning for Morningstar. Christine is one of the most respected thought leaders on the topic of retirement and shares insights from her new book, 'How to Retire'. We discuss the importance of preparing for retirement well in advance, building social networks, the significance of diversity in relationships, and more. Today's show is packed with valuable advice and a must listen for anyone approaching or in retirement. 
 

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Resources mentioned on the show: (As an Amazon Associate, I earn from qualifying purchases.)

🌐 Morningstar

📗Order "How to Retire: 20 lessons for a happy, successful, and wealthy retirement" on Amazon

The Long View

John C. Bogle Center for Financial Literacy

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William Bengen

opensocialsecurity.com

Bogleheads Conference 2023 - Jordan Grumet on Living without Regrets

bogleheads.org

 

Catching Up to FI Episodes mentioned:

The Life and Death of The 4% Rule | Christine Benz | 077

Social Security Made Simple | Mike Piper | 054

Mom and Dad, We Need to Talk | Cameron Huddleston | 048

How to Think About Money | Jonathan Clements | 040

Purpose, Identity, & Connection | Jordan Grumet | 022

Hard & Soft Sides of Retirement | Fritz Gilbert | 019

Say Cheese!: The Retirement Spending Smile | David Blanchett | 110

F-You Money Part 1 | JL Collins | 023

F-You Money Part 2 | JL Collins | 024

Pathfinders: Stories of Success and Financial Independence | JL Collins | 069

Pathfinders: Triumphs and Trials on the Road to Financial Independence | JL Collins | 070

Jennifer Rozelle (coming in February 2025)

 

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Disclaimer: Our content is for general education and information purposes only. We are not providing financial, legal, or tax advice. Always do your own research or consult a professional before making important decisions.