By Mark Trautman
5
5050 ratings
The podcast currently has 20 episodes available.
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.
If you would like your question answered on the show, please send an email to [email protected] and put “podcast question” in the subject line.
Episode Links:
Early Retirement Now - Safe Withdrawal Rate Series
Mindy on Money podcast
Die with Zero by Bill Perkins
The Fun Bucket - Overcoming the Frugality Mindset
Fidelity Charitable
Schwab Charitable
Vanguard Charitable
Bigger Pockets Money - FIRE by 50
Timestamps:
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As an Amazon Associate this show earns income from qualifying purchases. Affiliate links do not increase your costs, and we will only link to products or services that we are familiar with and that we feel may deliver value to you. The modest income received from affiliate links helps support the cost of running and managing this show.
In this episode Mark addresses questions from listeners in a special ‘Monthly Mailbag' show.
He explores Ryan’s suggestion of renaming the middle phase of financial freedom the ‘Mindful Middle.’ Mark also tackles listener questions regarding receiving a lump sum pension or annuity, helping parents with retirement planning, how to use a brokerage account and his favorite retirement planning podcasts.
If you would like your question answered on the show, please send an email to [email protected] and put “podcast question” in the subject line.
Episode Links:
Phases of Financial Freedom | Episode 015
EverydayFI Podcast - Episode 6 - Ryan B: The Middle Path of FI
Exploring Financial Freedom at CampFI Mid-Atlantic | Episode 014
Yellow Bridge: Nusa Lembongan to Nusa Ceningan
Immediate Annuities website calculator
Open Social Security website calculator
Retirement Podcasts:
The Retirement and IRA Show
Retirement Planning Education
The Retirement Answer Man
Retirement Starts Today Radio
Your Money, Your Wealth
Timestamps:
In this episode Mark discusses a strategy for automating your finances. Using his personal experience, he explains how setting up systems for automatic deposits, payments, and savings can help achieve financial goals and provide for a stress-free financial future.
He delves into the specifics of using a core cash management account and provides a step-by-step automatic cash flow process for both working individuals and retirees. Mark emphasizes the importance of monitoring financial transactions and maintaining a buffer.
If you would like your question answered on the show, please send an email to [email protected] and put “podcast question” in the subject line.
Episode Links:
Watch this Episode on the YouTube channel
Cash Flow Automation Flowchart - Working
Cash Flow Automation Flowchart - Retired
Fidelity Cash Management Account vs. Schwab Investor Checking
Timestamps:
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 aspirations.
They delve into Kristen's TV meteorologist career, experiences at various FI events, benefits of the community, and her plans for transitioning to part-time work and potentially living abroad in Spain.
The episode highlights personal stories, practical advice on transitioning to a semi-retired life, and the importance of community support in achieving financial independence.
If you would like your question answered on the show, please send an email to [email protected] and put “podcast question” in the subject line.
Episode Links:
CampFI
EconoMe Conference
ChooseFI Local Groups
Kristen Cornett, Meteorologist KMOV St Louis
Mr Money Mustache blog
The Simple Path to Wealth by JL Collins
ChooseFI podcast
Rick Steves’ My Way Tours
FinTalks Cruise
FI Freedom Retreat (Bali)
CampFI Presentation July 2022 with Mark & Katie
International Living - Best Places to Retire
Earn & Invest - Three Non-Identical Strangers
Timestamps:
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As an Amazon Associate this show earns income from qualifying purchases. Affiliate links do not increase your costs, and we will only link to products or services that we are familiar with and that we feel may deliver value to you. The modest income received from affiliate links helps support the cost of running and managing this show.
In this episode Mark discusses three phases of Financial Freedom: Financial Enlightenment, Financial Liberation, and Financial Independence.
Mark shares insights from conversations at recent financial events and episodes of the podcast, emphasizing the importance of financial education, strategic planning, and intentional living.
Listeners will learn about evolving concepts within the FI/RE community, exploring the benefits of 'Coast FI' and 'Slow FI' encouraging a balanced approach to achieving financial independence without sacrificing the present.
The episode wraps up with thoughts on creating meaningful experiences throughout the journey to Financial Independence.
If you would like your question answered on the show, please send an email to [email protected] and put “podcast question” in the subject line.
Episode Links:
The Simple Path to Wealth by JL Collins
The FIoneers blog post on CoastFI vs SlowFI
Investment Calculator
Taking Stock by Jordan Grumet
I Will Teach You to be Rich by Ramit Sethi
What is the 4% Rule for Withdrawals in Retirement
Early Retirement Now - The Safe Withdrawal Rate Series
Die With Zero by Bill Perkins
The Top Five Regrets of the Dying by Bronnie Ware
Timestamps:
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As an Amazon Associate this show earns income from qualifying purchases. Affiliate links do not increase your costs, and we will only link to products or services that we are familiar with and that we feel may deliver value to you. The modest income received from affiliate links helps support the cost of running and managing this show.
In this episode, recorded in front of a live audience at CampFI Mid-Atlantic in Virginia, Mark is joined by co-host Megan Combs of the Everyday FI podcast and guests Chris, Samantha, and Keith.
Chris shares his transformative sabbatical in New Zealand, while Samantha recalls her meaningful trip to Southeast Asia, both emphasizing the benefits of slow and mindful paths to Financial Independence.
The show highlights the importance of community support, the joys and challenges of long-term travel, and the practicality of being a minimalist traveler. Keith also joins in to share his experiences of the nomad lifestyle post-FI.
The panelists share enlightening discussions on the evolving perspectives within the FI community, practical tips for solo travel, managing finances, and the liberating essence of minimalist travel.
If you would like your question answered on the show, please send an email to [email protected] and put “podcast question” in the subject line.
Episode Links:
FI Community Events:
CampFI
FI Freedom Retreat (Bali)
FinTalks Cruise
Podcasts / Blogs / Books:
Bigger Pockets Money podcast
ChooseFI podcast
Retire Often podcast
Mr Money Mustache blog
Taking Stock by Jordan Grumet
Timestamps:
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As an Amazon Associate this show earns income from qualifying purchases. Affiliate links do not increase your costs, and we will only link to products or services that we are familiar with and that we feel may deliver value to you. The modest income received from affiliate links helps support the cost of running and managing this show.
In this episode Mark focuses on the important topic of paying off credit card debt, explaining the detrimental effects of carrying high-interest debt and explores strategies for debt repayment.
He discusses the differences between the snowball and avalanche methods for tackling debt, and emphasizes the importance of paying off credit cards in full every month to avoid escalating interest. Mark also touches on various debt consolidation options and why they might not be the best choice.
If you would like your question answered on the show, please send an email to [email protected] and put “podcast question” in the subject line.
Timestamps:
In this episode of Mark discusses a Wall Street Journal article titled 'Retiring in the Next Five Years? Avoid These Financial Mistakes', adding his insights on various financial strategies to avoid common pitfalls.
Key topics include maximizing retirement contributions, analyzing Social Security options, avoiding unnecessary debt, adapting investment strategies with age, managing financial aid to children wisely, and planning for a desired retirement lifestyle.
Additionally, Mark addresses a listener question about pension planning, offering guidance on when to take a pension, considering survivor benefits, and evaluating the option of a lump sum payout.
If you would like your question answered on the show, please send an email to [email protected] and put “podcast question” in the subject line.
Episode Links:
Wall Street Journal article: Retiring in the Next 5 Years? Avoid These Financial Mistakes (April 12, 2024) by Cheryl Winokur Monk
The Millionaire Next Door by Thomas J. Stanley and William D. Danko
I Will Teach You to be Rich by Ramit Sethi
I Will Teach You to be Rich podcast
NewRetirement PlannerPlus
Pralana Gold
Immediate Annuity calculator
Timestamps:
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As an Amazon Associate this show earns income from qualifying purchases. Affiliate links do not increase your costs, and we will only link to products or services that we are familiar with and that we feel may deliver value to you. The modest income received from affiliate links helps support the cost of running and managing this show.
In this episode Mark explores the fundamental concept of compounding, using lessons taught in his financial literacy class, personal anecdotes, and insights from the annual Berkshire Hathaway meeting.
He shares stories of Warren Buffett and Charlie Munger's investment lessons, along with a touching personal story about his grandmother's investment in Coca-Cola stock, illustrating the long-term impact of compounding.
Mark also explains the mathematical magic behind compounding.
If you would like your question answered on the show, please send an email to me at [email protected] and put “podcast question” in the subject line.
Show Links:
Berkshire Hathaway Annual Meeting Videos
Warren Buffett’s Letters to Berkshire Shareholders
My Question to Warren Buffett and Charlie Munger answered (1:26:40 mark)
Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger
Timestamps:
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As an Amazon Associate this show earns income from qualifying purchases. Affiliate links do not increase your costs, and we will only link to products or services that we are familiar with and that we feel may deliver value to you. The modest income received from affiliate links helps support the cost of running and managing this show.
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:
Catching Up to FI
The Retirement and IRA Show
If you would like your question answered on the show, please send an email to me at [email protected] and put “podcast question” in the subject line.
Timestamps:
The podcast currently has 20 episodes available.
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