Can Elliot Retire Soon? | 9toFI 020 | 9 to FI Podcast
Description
Preparing for Early Retirement: Elliot's Journey and Financial Planning
In this episode, hosts Elliot and Josh delve into Elliot's financial journey and imminent transition to early retirement. They discuss key aspects that contribute to readiness for retirement, such as setting retirement dates, understanding the 4% rule, evaluating current and projected expenses, and planning for major upcoming costs. Elliot reveals his financial numbers, including savings, investments, and his approach to healthcare expenses. The conversation also touches on psychological aspects of retirement, like avoiding the 'one more year syndrome' and planning for a balanced post-retirement life with personal goals and explorations. They conclude by discussing the emotional and practical steps Elliot is taking as he approaches his retirement target date of March 2027.
00:00 Introduction: Can Elliot Retire Yet?
00:16 Elliot's Early Retirement Plan
03:37 Financial Considerations and Strategies
04:03 Discussing the 4% Rule and Withdrawal Rates
10:35 Elliot's Financial Snapshot
13:02 Planning for the Future: Expenses and Savings
33:42 Healthcare and Insurance Plans
42:04 Life After Retirement: Goals and Concerns
48:24 Conclusion and Final Thoughts
United States
