About this episode
Carl and Doug explore the nuances of early retirement, diving into aspects ranging from daily life to responsible financial drawdowns. They also address withdrawal strategies, involving rental properties and index funds, automated transfers, and how to handle Required Minimum Distributions (RMDs). The discussion expands into elements of happiness in retirement, spending decisions and the implication of tax optimization and reinvestment. Additionally, a conversation about handwritten notes vs. digital tools unfolds, shedding light on the benefits of ‘old-school’ note-taking. Listener Questions: What does your retired life look like? Do you still work, do you have income, do you still consider yourself retired if you do? What does your daily routine look like? Do you have a withdrawal strategy that provides excess savings? If so, don’t let that money go to waste. Come support us over at Buy Me A Coffee . Links Get your DIY colonoscopy kit, A.S.S.: MileHighFI.com/ASS Carla & Robert on Mile High FI episode 012 Arik Peterson on Mile High FI episode 090 Mr. Money Mustache Mindy Jensen, First-Time Home Buyer Chris & Deb (Go Bucket Yourself) on Mile High FI episode 052 Mark Trautman, The Fun Bucket FI Calc Sean Mullaney Mad Fientist, Tax-Gain Harvesting Mad Fientist, How to Access Retirement Funds Early Downshift Financial Bullet Journaling Mile High FI Facebook Group Doug’s site Carl’s blog: 1500 Days — Join the Mile High FI Club – It’s our email list! Get MHFi Merch – It helps support the show. Get t-shirts & more **Disclaimer: The podcast is for informational purposes. Maybe entertainment but we won’t even make such a claim. You shouldn’t take the info as financial, legal, or tax advice. We aren’t certified financial planners or advisors. We’re not qualified for much. So get advice from professionals. ** Brought To You By: The Doug Show, aka Affiliate Marketing & Side Hustles 1500 Days, Carl’s Blog about Early Retirement Email us here: doug@milehighfi.com or carl@milehighfi.com 0:00 Introduction 1:05 Post-FI life 10:34 What does FI look like? 18:51 Shifting interests 25:59 Rental properties & retirement income 30:31 Index fund withdrawal strategy 35:46 Withdrawal frequency & amount 46:37 RMDs and tax strategies 57:34 Professional financial advice 1:07:24 Soundcheck – Paper notebooks