meta_pixel
Tapesearch Logo
ChooseFI

473 | Are We There Yet? 'Retire Early' Case Study

ChooseFI

Brad Barrett | Choose FI Media

Financialindependence, Investing, Firemovement, Passiveincome, Frugalliving, Personalfinancepodcast, Daveramsey, Careers, Business, Earlyretirement, Habits

4.8 • 5K Ratings

🗓️ 22 January 2024

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode: calculating when you retire, tracking expenses, health insurance, the importance of planning, and health spanning.

This week we are rejoined by Teresa as well as Fritz Gilbert of The Retirement Manifesto to walk us through a case study of how to approach retirement while on your FI journey. It’s a common question to ask when you can retire or when you can stop working? Luckily there are plans of action and resources available covered in today's episode that will leave you feeling better prepared to proceed with a plan for retirement, no matter what part of your FI journey you are on. While there are many factors to consider when planning for retirement, such as savings versus spending rate and repositioning your portfolio, all these factors are manageable when you have a good plan in place. Take the time now to feel confident for what life will be like leading up to and after you retire!

The Retirement Manifesto:

Timestamps:

  • 1:33 - Introduction
  • 2:37 - Calculating When You Can Retire
  • 7:46 - Does Retiring Early Effect Social Security?
  • 15:06 - Tracking Spending and Expenses
  • 20:55 - Health Insurance in Retirement
  • 29:49 - The Importance of Planning/Changing Your Assumptions
  • 40:17 - One More Year Syndrome/Your Health Span
  • 45:00 - The Second Phase of Retirement
  • 49:51 - Conclusion

Resources Mentioned In Today’s Episode:

Transcript

Click on a timestamp to play from that location

0:00.0

Hello and welcome to choose a five today on the show we have a real treat we have a

0:03.9

listener case study and this was a really cool one so last year in episode

0:09.0

four sixty three we had an episode called from food Stamps to FI, and I introduced you to one of our community members named Teresa, and it was a remarkable story.

0:19.0

So if you knew to choose FI, you haven't heard this episode. Just stop listening to this right now.

0:24.3

Go back to episode 463.

0:26.2

I think it is just the perfect embodiment

0:29.1

of what a community is all about.

0:31.6

You're really gonna get a lot of value out of that. So anyway,

0:33.9

towards the end of that episode, Theresa was talking about the struggle she was

0:37.9

having, figuring out her next steps. And I basically said, hey, why don't we reach out to a retirement expert in our community

0:45.1

to help you sort out this transition from, okay, we are financially independent, but now we

0:50.6

want to reach retire early status. And what do we have to do to get from here to there?

0:55.8

So that episode came out on September 3rd, 2023.

0:58.9

Four days later I reached out to my good buddy Fritz from the retirement manifesto.com and asked him if he could help out with this.

1:06.3

I just thought he'd be the perfect person and he instantly said yes, which was really wonderful.

1:11.3

And they spent hours upon hours going over to Reese's situation

1:15.1

and coming up with a case study that we're going to bring to you today. I think

1:18.9

you're going to get a lot of value out of this no matter where you are in your

1:21.7

Fye journey.

1:22.6

So with that, welcome to choose a FI.

1:25.0

All right, this should be fun.

1:33.4

Fritz and Teresa, thank you both for being here and thank you for the time and

...

Transcript will be available on the free plan in -394 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Brad Barrett | Choose FI Media, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Brad Barrett | Choose FI Media and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.