Withdrawal Strategy - Josh's Case Study part 1 | 9toFI 019 | 9 to FI Podcast
Description
In this episode of the Nine to FI podcast, hosts Josh and Elliot dive into a comprehensive discussion about Josh's early retirement strategy. Josh retired at the age of 48, while his wife Lori still works full-time but is considering a shift to part-time employment. The episode offers a detailed look at their current financial status, including their cash reserves, brokerage account, and rental income. Josh shares his spreadsheet calculations and insights from his Empower account, discussing their monthly and annual expenses, and potential strategies for Lori's reduced work hours or complete retirement. The conversation touches on important financial concepts like the 4% rule, Roth conversion ladders, and 72-T distributions, aiming to find the best approach for their family. The hosts also emphasize the importance of adaptability and proper planning to ensure financial security in early retirement. Feedback and topic suggestions are welcomed at ninetoFIpod@gmail.com.
00:00 Introduction and Podcast Overview
00:59 Josh's Retirement and Financial Situation
01:46 Current Financial Snapshot
04:01 Income and Expenses Breakdown
07:49 Lori's Potential Part-Time Work Impact
16:14 Full Retirement Scenario for Lori
18:13 Empower Retirement Planner Insights
24:20 Withdrawal Strategies and Future Planning
30:25 Conclusion and Future Discussions
United States
