BiggerPockets Money Podcast

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


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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.


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    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/

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