In this episode Mark is joined by tax expert Sean Mullaney, CPA live from CampFI in Colorado Springs. They dive into the recent changes brought by the new tax legislation, the One Big Beautiful Bill Act (OBBBA), signed into law on July 4th. 

Key topics include permanent tax rates, increased standard deductions, higher child tax credit, new personal exemptions for seniors, potential future tax adjustments, and expanded eligibility for HSA contributions under ACA plans. 

They also discuss strategic tax planning for early retirees and Sean’s upcoming book on tax planning co-authored with Cody Garrett, CFP®.

Episode Links:

Mark’s Money Mind YouTube Channel

FI Tax Guy blog

Sean Mullaney YouTube channel

U.S. Code § 36B - Refundable credit for coverage under a qualified health plan

Tax Planning To and Through Early Retirement

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This show is for education and entertainment purposes only and should not be considered investment, tax, or legal advice. Please consult the appropriate advisor or advisors before implementing anything you hear on this show or any other show for that matter.

Mark, his guests, and the Mark’s Money Mind show do not endorse Sean Mullaney, Mullaney Financial & Tax, Inc. and their services.

In this episode of the Mark's Money Mind show, host Mark Trautman, along with co-host Kevin Sebesta, speak live from CampFI Rocky Mountain about various aspects of the Financial Independence / Retire Early (FIRE) journey. 

They welcome guests from different stages of the FI process, including Alison, who is in the discovery stage, and Camille and Daryl, who are in the mindful middle of their journey. Additionally, Darren and Jolene, who have graduated past the FI finish line, discuss how they manage their finances post-retirement, specifically focusing on strategies like the 72T distribution. 

The episode underscores the importance of community support, planning, and adaptability in achieving financial independence and designing a fulfilling post-retirement life.

Episode Links:

Mark’s Money Mind YouTube Channel

CampFI

The Mindful Middle | Episode 018

How to Money podcast

ChooseFI podcast

The Millionaire Next Door: The Surprising Secrets of America’s Wealthy

The House Hacking Strategy: How to Use Your Home to Achieve Financial Freedom

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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 shares his comprehensive approach to a semi-annual financial review. Covering essential personal finance practices, Mark outlines steps for calculating net worth, tracking spending, evaluating annual achievements against the one-page financial plan, and preparing for future financial goals. 

Mark provides insights on Roth conversions, social security benefits, and his personal experiences with major expenses. Additionally, he discusses the importance of regular updates to estate planning documents and beneficiary designations.

This episode is a deep dive into detailed financial oversight practices aimed at maintaining and enhancing financial freedom.

Episode Links:

Mark’s Money Mind YouTube Channel

The Financial Starting Line – Net Worth, 529 to Roth IRA and Q&A | Episode 003

New Year Financial Planning | Episode 039

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In this episode Mark discusses significant updates to the Capital One Venture X and Chase Sapphire Reserve credit cards, affecting lounge access, benefits and annual fees. 

He elaborates on how these changes will impact frequent travelers, comparing the benefits and drawbacks of both cards, and considers whether to keep or cancel these cards in light of the updates. 

He also touches upon potential changes coming to the American Express Platinum card and discusses how he may proceed in navigating these changes.

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:

Mark’s Money Mind YouTube Channel

Capital One Set to Change Lounge Access Policies

Introducing the New Couponified Chase Sapphire Reserve

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In this episode Mark delves into his personal approach to post-retirement asset allocation, expanding on a discussion from his appearance on the BiggerPockets Money podcast. Mark shares his journey from a 100% equities portfolio during his accumulation years to his current 80% equity and 20% fixed income allocation. 

He explains the rationale behind this transition, influenced by various strategies and personal research, while emphasizing the importance of understanding one's risk tolerance and risk capacity. Mark also explores the different components of his portfolio, including his preference for ETFs and the usage of short-term treasuries. 

This episode aims to provide insight by example for those nearing or in retirement, while stressing the need for individualized financial planning.

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:

Mark’s Money Mind YouTube Channel

BiggerPockets Money Podcast | Life After Fire

Reply on Your Investment Policy Statement During Rocky Markets | Episode 040

Simple Path to Wealth by JL Collins (Revised & Expanded 2025 Edition)

Early Retirement Now - Safe Withdrawal Rate Series

Retirement Answer Man podcast

Retirement & IRA Show - Our Retirement Philosophy and Approach, Condensed Version: EDU #2508

Berkshire Hathaway Shareholder Letter 2013

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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 shares insights on achieving financial independence and preparing the next generation for financial freedom. Returning from his trip to French Polynesia and Hawaii, Mark delves into strategies for setting up children and the next generation for financial success using Roth IRAs, 529 plans and custodial accounts. 

He also answers a listener's question about whether to contribute to a Traditional 401k, Roth 401k or Roth IRA. The episode concludes with Mark reflecting on Warren Buffett's retirement and the power of compounding growth.

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:

Mark’s Money Mind YouTube Channel

The Wonder of Compounding | Episode 011

Berkshire Hathaway 2025 Annual Meeting: Morning Session

Berkshire Hathaway 2025 Annual Meeting: Afternoon Session

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In this episode Mark discusses recent market volatility triggered by the administration’s tariff implementation and subsequent policy reversal, detailing a sharp drop and rebound in stock values. 

Mark explains bear markets and corrections, referencing historical data on market crashes included in a recent Morningstar article. Key insights from Warren Buffet and the late Charlie Munger emphasize staying rational and adhering to a well-defined investment policy. 

Mark talks about possible strategies during market declines, such as rebalancing portfolios or considering Roth conversions, and stresses the importance of emotional control in long-term investing. 

The episode concludes with a note on tuning out market noise and maintaining focus on investment goals.

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:

Mark’s Money Mind YouTube Channel

What We’ve Learned From 150 Years of Stock Market Crashes - Morningstar

Reply on Your Investment Policy Statement During Rocky Markets | Episode 040

Charlie Munger’s Advice for Volatile Markets - CNBC

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In this episode Mark discusses the importance of understanding market valuation to navigate the current financial landscape. Mark explains the differences between being a shareholder and a bondholder and dives deep into the concept of the Price to Earnings (PE) ratio and its significance in evaluating stocks. 

He explains how to calculate the PE ratio of the S&P 500 Index and compares it historically. Mark also introduces the cyclically adjusted PE ratio (CAPE ratio) to account for market fluctuations and discusses the Earnings Yield compared to the 10-year Treasury yield. 

He provides insights into various valuation models and their current relevance. Mark wraps up by sharing Warren Buffett's wisdom on market fluctuations and encourages investors to maintain a long-term perspective, particularly during market corrections.

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:

Mark’s Money Mind YouTube Channel

Reply on Your Investment Policy Statement During Rocky Markets | Episode 040

Current Market Valuation website

1997 Berkshire Hathaway Chairman’s Letter

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In this episode Mark discusses the pros and cons of paying off a low-interest mortgage with Doug Cunnington from the Mile High FI podcast. They address a listener's question about whether to pay off a 2.5% mortgage or invest the money elsewhere. 

The discussion includes various approaches, potential returns, and risk mitigation strategies. Mark and Doug also delve into scenarios related to market volatility, financial flexibility, and the psychological impact of mortgage debt. 

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:

Mark’s Money Mind YouTube Channel

Mile High FI podcast

The Wonder of Compounding | Episode 011

Morningstar article: What We’ve Learned From 150 Years of Stock Market Crashes

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In this episode, Mark co-hosts an episode of the Mile High FI podcast with Doug Cunnington where they explore the concept of loosening the purse strings in 2024. Recorded at Doug Cunnington's Basement Studio in Longmont, Colorado, the conversation delves into overcoming frugal habits within the financial independence community. 

They discuss personal experiences, like Doug's indulgence in guitars, e-bikes, and travel as well as Mark's big-ticket purchases including cruises, a new car and house. 

The episode offers insight into balancing financial prudence with enjoying the fruits of financial success, featuring practical tips and personal anecdotes to inspire listeners to adopt a more relaxed approach to spending after reaching 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:

Mark’s Money Mind YouTube Channel

Mile High FI podcast

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