Withdrawal Strategies in Early Retirement | MHFI 190

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

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**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: [email protected] or [email protected]

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 strateg