BiggerPockets Money Podcast

Reached FI at 60: How to Switch from Accumulation to Drawdown with Bill Yount


Listen Later

You've hit financial independence—now what? How do you actually start spending the money you've spent years accumulating? Bill Yount reached FI at 60 after a 10-year journey, and he's figured out the answer.

Bill shares his complete decumulation strategy—the detailed plan he built with a flat-fee financial advisor to transition from wealth building to wealth preservation. This isn't just theory; Bill is actively living this plan and stress-testing it in real time.

This Episode Covers:

  • Bill achieving financial independence at age 60
  • The psychological shift from saving to spending after a decade of accumulation
  • How to build a comprehensive drawdown plan (and why Bill hired help)
  • Working with a flat-fee financial advisor vs. AUM advisors
  • Portfolio rebalancing when transitioning to retirement
  • Risk parity strategy and how it fits into retirement portfolios
  • Stress-testing your financial plan: running scenarios to ensure you won't run out
  • Social security timing decisions and optimization
  • Retirement withdrawal strategies: the 4% rule and alternatives
  • How much to actually spend in early retirement
  • Helping your kids build wealth without jeopardizing your own retirement
  • Financial independence for late starters: proof it's not too late after 50
  • Managing the emotional transition from accumulation to distribution phase
  • Investment strategy changes in decumulation
  • If you're approaching FI, already there and uncertain about spending, or starting your FIRE journey later in life, Bill's practical, well-planned approach shows you exactly how to transition from building wealth to confidently living off it.


    Subscribe to our Weekly Newsletter: www.biggerpocketsmoney.com

    Want to be a guest on the show? Apply here: https://biggerpocketsmoney.com/contact/

    Get 50% Off Your First Year of Monarch by using code ‘Pockets’: https://www.monarchmoney.com/

    Connect with Bill Yount: 

    Website: https://catchinguptofi.com/

    Instagram: https://www.instagram.com/catchinguptofi/

    Connect with Scott and Mindy:

    Scott: https://www.instagram.com/scott_trench/

    Mindy: https://www.instagram.com/_mindyatbp/

    Follow BiggerPockets Money on Social:

    Facebook: https://www.facebook.com/groups/BPMoney

    Instagram: https://www.instagram.com/biggerpocketsmoney/

    Learn more about your ad choices. Visit megaphone.fm/adchoices

    ...more
    View all episodesView all episodes
    Download on the App Store

    BiggerPockets Money PodcastBy BiggerPockets

    • 4.5
    • 4.5
    • 4.5
    • 4.5
    • 4.5

    4.5

    2,959 ratings


    More shows like BiggerPockets Money Podcast

    View all
    Afford Anything | Make Smart Money Choices by Paula Pant, Personal Finance Expert | Cumulus Podcast Network

    Afford Anything | Make Smart Money Choices

    3,565 Listeners

    BiggerPockets Real Estate Podcast by BiggerPockets

    BiggerPockets Real Estate Podcast

    16,749 Listeners

    Money Guy Show by Brian Preston and Bo Hanson

    Money Guy Show

    3,242 Listeners

    The Stacking Benjamins Show by Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP

    The Stacking Benjamins Show

    2,000 Listeners

    Your Money, Your Wealth by Your Money, Your Wealth

    Your Money, Your Wealth

    816 Listeners

    ChooseFI | Financial Independence Podcast by ChooseFI

    ChooseFI | Financial Independence Podcast

    5,156 Listeners

    Earn & Invest by Jordan Grumet (Doc G)

    Earn & Invest

    451 Listeners

    BiggerPockets Business Podcast by BiggerPockets

    BiggerPockets Business Podcast

    694 Listeners

    Real Estate Rookie by BiggerPockets

    Real Estate Rookie

    1,819 Listeners

    The Personal Finance Podcast by Andrew Giancola

    The Personal Finance Podcast

    1,435 Listeners

    BiggerPockets Daily by BiggerPockets

    BiggerPockets Daily

    319 Listeners

    PassivePockets: The Passive Real Estate Investing Show by PassivePockets, Jim Pfeifer, and Left Field Investors

    PassivePockets: The Passive Real Estate Investing Show

    132 Listeners

    All the Hacks: Money, Points & Life by Chris Hutchins

    All the Hacks: Money, Points & Life

    1,615 Listeners

    Mile High FI Podcast by Doug Cunnington & Carl Jensen

    Mile High FI Podcast

    205 Listeners

    On The Market by BiggerPockets

    On The Market

    901 Listeners

    Catching Up to FI by Bill Yount & Jackie Cummings Koski

    Catching Up to FI

    357 Listeners

    The BetterLife Podcast by Brandon Turner and Cam Cathcart

    The BetterLife Podcast

    848 Listeners

    The David Greene Show by David Greene

    The David Greene Show

    706 Listeners