In this episode Mark introduces the concept of the 'Fun Bucket' as a tool to facilitate guilt-free spending to overcome the psychological challenges of shifting from a saver mindset after reaching Financial Independence.
Additionally, he discusses the utility of Donor-Advised Funds for charitable giving, explaining how they can maximize tax benefits and make charitable contributions easier and more fulfilling. He compares the features of donor-advised funds from Fidelity, Charles Schwab, and Vanguard, highlighting considerations for choosing the right fund.
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Episode Links:
Early Retirement Now - Safe Withdrawal Rate Series
The Fun Bucket - Overcoming the Frugality Mindset
Bigger Pockets Money - FIRE by 50
Timestamps:
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