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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

Release Date: 07/13/2025

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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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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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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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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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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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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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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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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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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More Episodes

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 the first part of a 2 part episode. Click here to listen to part 2.

 

===    VOTE FOR US: PLUTUS AWARDS  ===

We need your vote for the 2025 Plutus Awards! You can now vote for your hosts behind "Catching Up to FI” - Bill Yount & Jackie Cummings Koski.

 

✅ WHAT IS THE PLUTUS AWARDS?

The Plutus Awards recognize excellence in independent financial content. That's the best podcasts, books, video channels, blogs, and more.  

 

✅ VOTE 

If you’ve gotten value from our content and think we are worthy of recognition,  please support by casting your votes here > >>  https://plutus.awardsplatform.com/. There’s a short registration needed to vote and you’ll be in and out in just a few minutes. 

 

✅ DEADLINE

The deadline to vote is August 30th, 2025. Winners will be announced in October.

 

✅ CATEGORIES

Below are the categories we have been nominated for and we’d love your vote in each of them. 

Catching Up to FI

  1. Best New Personal Finance Content Creator - Audio
  2. Content Creator of the Year: Audio
  3. People's Choice: Audio
  4. Best Financial Advisor Content/Jackie Cummings Koski, CFP
  5. Plutus Storyteller Award
  6. Best Traditional Retirement Content
  7. Best Personal Finance Content for Underserved Communities
  8. Best Personal Finance Content for Women

 

Other categories 

  1. Best New Personal Finance Content Creator - Written (F.I.R.E. for Dummies)
  2. Best New Personal Finance Book (F.I.R.E. for Dummies)
  3. Plutus Resilience Award (Jackie Cummings Koski)
  4. Best Financial Independence or Retire Early Content (F.I.R.E. for Dummies)

 

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☕ Like what you hear on Catching Up to FI? Support the show at "Buy Me a Coffee" 

🎙️We love hearing from you! Record a Voice Message with your feedback or question Record a Voice Message with your feedback or question

 

DEALS & DISCOUNTS FROM OUR TRUSTED PARTNERS

For a full list of current deals and discounts from our partners, sponsors and affiliates, click here: catchinguptofi.com/our-partners

 

RESOURCES MENTIONED ON THE SHOW: (As an Amazon Associate, I earn from qualifying purchases.)

Charity:

Jonathan Clements Getting Going on Savings Initiative

📘 The Best of Jonathan Clements: Timeless Advice for a Financial Life Well Lived

 

🌐Jon's Website

Jon’s Sample Financial Reviews

Jon’ Thesis paper:  Measuring the Value Added by Alternative Assets within the Investment Pools of Non-profit Organization

Bogleheads Live- Episode 39: Disability Insurance

Kitces Article: Why Tax-Loss Harvesting During Down Markets Isn’t Always A Good Idea

Bogleheads on Investing Podcast

Bogleheads Investment Policy Statement

The John C. Bogle Center for Financial Literacy 

2025 Bogleheads Conference (Oct 17-19, San Antonio)


⏰ ‘Catching Up to FI’ Episodes referenced

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

Tactical Tips and Tripwires: The DIY Financial Planner's Guide | Cody Garrett | 112

How to Think About Money | Jonathan Clements | 040

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

 

If you enjoyed this episode, please follow the show on your podcast player and leave us a rating or review. If you want to watch, be sure to subscribe to our YouTube Channel. This helps others find the show and keeps us creating great content for you!

 

 

⚠️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.