Mark Trautman, Bill Yount, and Becky Heptig dive into the Secure Retirement Income Process created by the co-host of The Retirement and IRA Show. The conversation contrasts the conventional 4% safe withdrawal rule with this alternative and delves into leveraging Social Security, pensions, and annuities for a steady income stream.
Highlighted topics include optimizing spending during 'go-go' years, bucket strategies for savings allocation, and creating a 'fun number' to enjoy life while ensuring financial security. The discussion emphasizes the importance of balancing present enjoyment with future savings.
It aims to guide listeners towards informed decisions for a financially secure and fulfilling life, stressing the need for planning for the needs of your future self, while allowing your present self to enjoy life to the fullest extent possible.
Episode Links:
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Timestamps:
Mark hosts this week’s episode from Crested Butte, Colorado, discussing his recent travels, moving preparations, and the intricacies of tax planning. After a brief...
In this episode, Mark discusses the process of creating an income and expense statement to track and manage personal finances. He provides detailed guidance...
In this episode, Mark sits down with Kristen Knapp at CampFI Mid Atlantic 2024 to discuss financial independence, in-person FI events, semi-retirement, and travel...