Retirement Answer Man

What Can I Learn from the FIRE Movement?


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Those who have FIREd like Keven Sebesta are choosing to rock life each day. In this final episode on the FIRE movement, we’ll explore what we can learn from them. Join Kevin and me to discover how you can do what FIRE is doing right. What can you learn from FIRE? 

Traditional retirement planning is all about achieving the end goal. Climbing the mountain and reaching the summit. However, FIRE embraces life today. Those in the FIRE movement see life as an endless journey to explore. 

Don’t wait to explore your passions and interests. Do them now. If that isn’t possible, examine how your life is structured and begin to build a life filled with intentionality. Build connections and community based on your interests. 

Listen in to learn how you can create a rich life now without waiting until retirement. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT 

  • [3:55] When I retire I will…
  • [5:10] Lessons to learn from FIRE movement
  • [13:43] What financial lessons to learn from FIREd people
  • [16:23] Planning from the inside out

LISTENER QUESTIONS 

  • [22:18] What is the payoff/penalty of using my IRA to do a Roth conversion?
  • [30:25] Moving money from an IRA to an HSA
  • [34:07] On refilling the pie cake 
  • [38:47] Make sure you have enough taxes withheld when doing Roth conversions
  • [41:39] Can Gail open a Roth for her granddaughter?

TODAY’S SMART SPRINT SEGMENT 

  • [43:33] Write down one thing that you know well and question it with a mindset of curiosity

Resources Mentioned In This Episode
Arthur Brooks
Cal Newport
Designing Your Dream Life with Arthur Brooks
Mark’s Money Mind
Rock Retirement Club
Roger’s YouTube Channel - Roger That
BOOK - Rock Retirement  by Roger Whitney
Roger’s Retirement Learning Center

...more
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Retirement Answer ManBy Roger Whitney, CFP®, CIMA®, RMA, CPWA®

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