David converses with best-selling author David Bach about preventing burnout through sabbaticals, moving to another country, why retirees should take Social Security as early as possible, and Bach's idea of a flat tax on IRA distributions. Show Notes David Bach's IRA Flat Tax Idea Related Episodes 506: Should You Retire Early and Live Outside Your Home Country? With Joshua Sheets Transcript Welcome to Money for the Rest of Us. This is a personal finance … [Read more...]
506: Should You Retire Early and Live Outside Your Home Country? With Joshua Sheats
Joshua shares the pros and cons of living outside of your home country. He convinces David why he needs more than one passport. Finally, Joshua makes a strong case for not retiring, and if one does, under what circumstances. Show Notes https://www.radicalpersonalfinance.com Episode Sponsors Delete Me – Use code David20 to get 20% off Acorns Related Episodes 446: Die with Zero: Why You Should Start Spending Now 437: How to Live Like You Are Already … [Read more...]
288: Will Early Retirements Crash the Economy?
Almost half of Millennials want to retire early. Will that hurt economic growth? There were similar concerns in the 1920s that early retirement would wreck the economy. In fact, there was significant pushback against retiring at all due to fears retirements would destroy the economy. Yet, the Great Depression still came. In this episode, we consider what ended the Roaring Twenties, caused the Great Depression, and how early retirements impact the economy. Topics covered include: What … [Read more...]
243: Do You Have Enough to Retire? FIRE Edition
What are the key metrics to determine if you have reached financial independence and can retire early. How major stock market losses can derail early retirement plans and what to do about it. Photo by Alicia Cleaver In this episode you’ll learn: What is the FI/RE movement and why is Suze Orman concerned about it.What is the simple formula to determine if you can retire early.How large stock market losses can lead to early retirement ruin and what to do about it. Show Notes Why … [Read more...]
156 Plus: Early Retirement, Income Portfolios and Taxes
This week May 6, 2017 on Money For the Rest of Us Plus we profile a member who is contemplating early retirement and discuss whether he has enough assets. We discuss the use of income portfolios in retirement Finally, we develop a rule of thumb for whether an investor should sell an investment and take the tax hit versus continuing to hold the investment to defer taxes. … [Read more...]
50: Navigating Early Retirement
Navigating early retirement is less about money and more about allowing space and time for your true path to emerge. Photo by J.D. Stein In this episode, you'll learn: Why there isn't a right answer to how much money you need to live.Why it's normal to feel lost when you retire early or quit your job.How to find your true identity apart from your job.What is the Buddhist mean or fusoku furi and why it's neccessary for a succesful retirement. Show Notes Small Is Beauitful by … [Read more...]
33: To Retire Early, Mind the Gap
The simple formula to sustain an early retirement without running out of money. Photo by Michael Keen In this episode, you'll learn: What is the mind the gap formula for early retirement.What is a reasonable rate of return to expect from investing during retirement.How losing money in the early years of retirement can significantly reduce how long your nest egg will last. Summary Article Mind The Gap First-time travelers to London often notice the spoken warning, … [Read more...]
19: Live Like You’re Already Retired
A traditional thirty year retirement will be out of reach for most people. How to live like you are already retired. Photo by Aurelien Glabas In this podcast, you'll learn: What is the average retirement length for a traditional retirement. Most individuals don't plan on a traditional retirement. What options are they considering. What exactly is retirement? The mental or philisophical aspect of living lke you're already retired. The mechanical or financial aspect of … [Read more...]
13: Are You Saving Enough To Retire Early?
How to know if you are saving too much or too little for retirement. Get the free spreadsheet to calculate your own retirement numbers. In this podcast, you'll learn: What is inflation, what causes it and what is its impact.How is inflation calculated.What are the factors that determine how much you will have to live on in retirement.How the Am I Saving Enough To Retire spreadsheet works.Why you will need more than a million dollars to retire.Why I prefer spreadsheets … [Read more...]
