Early Retirement - Financial Freedom (Investing, Tax Planning, Retirement Strategy, Personal Finance)

You don't want to be at your child's wedding wondering if you gave them too much where you now may be a future burden in retirement. You also likely don't want to be thinking about passing away with $10M+ when you could have helped children along the way. I discuss all the strategies involved in estate planning: charitable giving, donor-advised funds, charitable trusts, etc. Create Your Custom Early Retirement Strategy Here Get access to the same software I use for my clients and join the Early Retirement Academy here Ari Taublieb, CFP ®, MBA is the Vice President of Root Financial Partners and a Fiduciary Financial Planner specializing in helping clients retire early with confidence.

There are many rules that work for the traditional "Retire at 65" and "Die at 95" (sounds dark, I know). The truth is those don't rules apply to you if you want to optimize an early retirement. You may need this income a lot longer and want to have a strategy designed for years of travel, healthcare costs, 40+ years of income, etc. I walk you through what you do and don't need to worry about when it comes to your early retirement. Create Your Custom Early Retirement Strategy Here Get access to the same software I use for my clients and join the Early Retirement Academy here Ari Taublieb, CFP ®, MBA is the Vice President of Root Financial Partners and a Fiduciary Financial Planner specializing in helping clients retire early with confidence.

I didn't like financial advisors growing up - so why did I become one? Learn my story so you can understand more from the voice you hear every Monday of the Early Retirement podcast and Vice President of Root. Create Your Custom Early Retirement Strategy Here Get access to the same software I use for my clients and join the Early Retirement Academy here Ari Taublieb, CFP ®, MBA is the Vice President of Root Financial Partners and a Fiduciary Financial Planner specializing in helping clients retire early with confidence.

Most people take income in retirement and hope they never run out of money. I also hope you don't run out..but I don't want you dying with millions (unless there are specific legacy goals) or paying more taxes than necessary along the way. Create Your Custom Early Retirement Strategy Here Get access to the same software I use for my clients and join the Early Retirement Academy here Ari Taublieb, CFP ®, MBA is the Vice President of Root Financial Partners and a Fiduciary Financial Planner specializing in helping clients retire early with confidence.

What if your retirement savings aren't enough to ensure a comfortable lifestyle? Discover how to master the art of managing cash flow in retirement and learn why having substantial assets might not always guarantee financial stability. We'll break down the critical role of diverse income streams like pensions and rental income, and share real-life examples demonstrating the impact of these sources on retirement readiness. Understand the importance of aligning your retirement spending with your personal lifestyle goals and how a few extra working years can make a significant difference, especially if you're planning to support children through college or undertake large expenses like home renovations. Learn the secrets to tackling early retirement challenges with a focus on longevity and financial sustainability. We delve into strategies for adjusting spending based on life expectancy and managing big expenses before you retire to mitigate financial risks. We'll also emphasize the necessity of maintaining an emergency fund and introducing the concept of a "sleep number" for greater peace of mind. Finally, we cover best practices for managing cash flow in retirement, including savvy fund allocation and the potential advantages of I-bonds depending on interest rates. Don’t miss these invaluable insights for securing your financial future and ensuring a stress-free retirement. Create Your Custom Early Retirement Strategy Here Get access to the same software I use for my clients and join the Early Retirement Academy here Ari Taublieb, CFP ®, MBA is the Vice President of Root Financial Partners and a Fiduciary Financial Planner specializing in helping clients retire early with confidence.

This episode navigates the complexities of retirement planning, from Roth conversions and required minimum distributions (RMDs) to the impact of Medicare premiums. Learn from a frugal couple's experience that highlights the importance of enjoying life while remaining financially secure. We also revisit last week's heated discussion on whether breaking up with a financial advisor might be the right move for you. This episode is packed with valuable strategies and real-life scenarios designed to help you strike the perfect balance between financial security and living in the present. Create Your Custom Early Retirement Strategy Here Get access to the same software I use for my clients and join the Early Retirement Academy here Ari Taublieb, CFP ®, MBA is the Vice President of Root Financial Partners and a Fiduciary Financial Planner specializing in helping clients retire early with confidence.

Create Your Custom Early Retirement Strategy Here Get access to the same software I use for my clients and join the Early Retirement Academy here Is your financial advisor truly meeting your needs, or is it time for a change? In this episode, we tackle the tough decision of when to fire your financial advisor. Learn from personal stories, including my parents' own experiences with suboptimal guidance, and uncover the critical factors you need to consider—like expert tax planning and specialized early retirement strategies. We also break down the logistics of transferring your assets smoothly and emphasize why lining up a new advisor before making any changes is crucial. Spotting red flags, such as an advisor who never asks for your tax return, is just one of the practical tips we share to help you make an informed decision. Understanding the key differences between tax preparers and financial advisors is essential for your financial strategy. We'll discuss why integrated tax planning is a must and explore the importance of a clear succession plan for your advisor to ensure continuity and trust. Long-term relationships and manageable client loads are vital for sustained success, and we highlight these aspects in our conversation. Finally, we dive into the value of detailed financial planning for retirement and the necessity of fee transparency, demonstrating how justified fees can boost your confidence in your retirement plan. If you're contemplating a change or just seeking better financial advice, this episode is packed with insights to guide your journey. Create Your Custom Early Retirement Strategy Here Get access to the same software I use for my clients and join the Early Retirement Academy here Ari Taublieb, CFP ®, MBA is the Vice President of Root Financial Partners and a Fiduciary Financial Planner specializing in helping clients retire early with confidence.

Create Your Custom Early Retirement Strategy Here Get access to the same software I use for my clients and join the Early Retirement Academy here (NEW) - Make sure to use code "FIRST25" which lasts until Wednesday. Ari Taublieb, CFP ®, MBA is the Vice President of Root Financial Partners and a Fiduciary Financial Planner specializing in helping clients retire early with confidence. Ever wondered why your neighbor's retirement plan looks so different from yours, despite having a similar income? It's because there's no universal strategy for asset allocation in retirement, and we're here to unravel the mysteries behind personalizing your financial future. This episode is filled with insights and anecdotes, including the tale of an 83-year-old who teaches us that pensions, social security, and other income sources can significantly influence how we manage our investments. From the debate over the traditional 60/40 equity-to-bond split to the savvy placement of assets for tax efficiency, we're guiding you through a financial landscape where "one size fits all" simply doesn't cut it. Strap in as we navigate the twisting roads of retirement accounts, tackling the myths surrounding Required Minimum Distributions and uncovering why embracing growth—in spite of higher taxes—can be a boon for your golden years. The conversation gets personal as we discuss the varying levels of comfort with investment risk and how it shapes our approach to work, life, and happiness post-retirement. I'm thrilled to share stories from our clients that bring to light the bespoke nature of financial planning. Join us for an episode that's as much about heart as it is about numbers, where we share the commitment of our firm to provide individualized advice, free from the constraints of one-size-fits-all financial institutions. Create Your Custom Early Retirement Strategy Here Get access to the same software I use for my clients and join the Early Retirement Academy here Ari Taublieb, CFP ®, MBA is the Vice President of Root Financial Partners and a Fiduciary Financial Planner specializing in helping clients retire early with confidence.

Create Your Custom Early Retirement Strategy Here Get access to the same software I use for my clients and join the Early Retirement Academy here Ready to redefine the concept of retirement? My latest broadcast delves into the exhilarating world of early retirement planning, promising a treasure trove of strategies for seizing control over your work life — before the traditional retirement age calls your name. You’ll be introduced to the Early Retirement Academy, a beacon of hope for those aiming to navigate the financial seas with confidence, all set to cast off its ropes on June 1st. Through the tale of a savvy investor, discover how a blend of shrewd investments and an eye on retirement spending can dramatically alter your golden years' landscape. Then, join me as we traverse the personal journey of a 50-year-old with a million-dollar nest egg, facing the crossroads of financial security and life's joys. This narrative isn’t just about numbers; it’s a profound look at work-life recalibration, weighing the merits of a stress-reduced paycheck against the conventional rat race. Spoiler alert: Peace of mind might just be worth more than a bulging bank account. As we wrap up, I extend my heartfelt thanks to you, my dedicated audience, for your unwavering support. Your participation fuels this financial odyssey, and I eagerly anticipate our continued weekly rendezvous on the airwaves. Create Your Custom Early Retirement Strategy Here Get access to the same software I use for my clients and join the Early Retirement Academy here Ari Taublieb, CFP ®, MBA is the Vice President of Root Financial Partners and a Fiduciary Financial Planner specializing in helping clients retire early with confidence.

Create Your Custom Early Retirement Strategy Here Get access to the same software I use for my clients and join the Early Retirement Academy here Flowchart on Inheriting Accounts (mentioned in episode) Navigate the financial maze of inheritance with me as we uncover the vital steps to securing your legacy without drowning in taxes. A revealing tale from my practice showcases the weighty decisions faced by those expecting wealth transfers, and sets the stage for a thorough exploration of the tax implications that come with different types of accounts. We address the rules that dictate non-spousal IRA inheritances, including the critical 10-year rule for non-eligible designated beneficiaries, and discuss the nuances of brokerage account benefits like a step-up in basis. Wrapping up, I invite you to take part in shaping our community's future episodes—your questions are the fuel that drives our journey to early retirement, so let your curiosity lead the way. Create Your Custom Early Retirement Strategy Here Get access to the same software I use for my clients and join the Early Retirement Academy here Ari Taublieb, CFP ®, MBA is the Vice President of Root Financial Partners and a Fiduciary Financial Planner specializing in helping clients retire early with confidence.

Create Your Custom Early Retirement Strategy Here Get access to the same software I use for my clients and join the Early Retirement Academy here Ready to redefine your golden years and gain the freedom to live on your own terms? Join me, Ari Taublieb, a certified financial planner and your guide through the intricacies of early retirement. This episode of the Early Retirement Podcast is a treasure trove of insights, providing a checklist for assessing your readiness to retire early. It's not just about having enough money; it's about envisioning your life's next chapter. We'll discuss the allure of balancing work and leisure, and whether a four-day workweek might be a more fitting transition for you. Plus, I respond to a listener's request for stories from those who've already taken the plunge, offering a candid look at both triumphs and challenges. Gone are the days of blindly following the 4% rule—your retirement plan should be as unique as you are. I dissect the myths and provide a tailored strategy for determining the best time to retire. You'll learn about the withdrawal test, a critical tool for evaluating financial resilience. Transparency is key, and you'll hear how some may benefit from extending their careers to ensure a comfortable retirement. I'm not afraid to share the tough advice when it's warranted, and this episode doesn't shy away from the hard truths about achieving your dream retirement. Beyond the numbers lies the heart of retirement—finding joy and purpose in your newfound freedom. I introduce the 'post-career purpose finder,' a concept essential for a fulfilling retirement journey. Listen in as I shine a light on common pitfalls and highlight the necessity of a holistic financial plan that encompasses more than just savings. Future episodes promise to delve deeper into topics like long-term care and life expectancy, ensuring you're equipped with the knowledge to make informed decisions. And as always, your questions fuel this podcast, so keep them coming and connect with a community committed to navigating the path to financial independence together. Create Your Custom Early Retirement Strategy Here Get access to the same software I use for my clients and join the Early Retirement Academy here Ari Taublieb, CFP ®, MBA is the Vice President of Root Financial Partners and a Fiduciary Financial Planner specializing in helping clients retire early with confidence.

Create Your Custom Early Retirement Strategy Here Get access to the same software I use for my clients and join the Early Retirement Academy here Could the secret to a fulfilling early retirement be nestled within the Rule of 55 and the 72 T distribution? Prepare to unlock the potential for stepping away from work confidently, as we peel back the layers of retirement planning, keeping it simple, yet profound. We're saying goodbye to the mundane and hello to an episode filled with practical insights and real-life scenarios that will not only educate but also entertain. Discover how being 'qualified rich, cash poor' may affect your golden years, and I'll even let you in on the legality and strategic advantages of tax gain harvesting with stocks like Apple. This episode is a journey through the essentials of retirement income strategies, where I share stories from the trenches and the psychological hurdles that can challenge even the savviest of planners. We'll examine why downsizing or part-time work isn't just about cutting back but can be a clever move for optimizing your tax planning. With the help of our recent guests Lindia and Cole, we'll navigate the healthcare landscape, ensuring you're equipped with knowledge that's as actionable as it is engaging. So, if you're eager to sculpt a retirement plan that's as secure as it is satisfying, tune in and let's get your financial future in gear. Create Your Custom Early Retirement Strategy Here Get access to the same software I use for my clients and join the Early Retirement Academy here Ari Taublieb, CFP ®, MBA is the Vice President of Root Financial Partners and a Fiduciary Financial Planner specializing in helping clients retire early with confidence.

Create Your Custom Early Retirement Strategy Here FREE eBook: Navigating Health Insurance Before 65 Get Started with Move Health Get access to the same software I use for my clients and join the Early Retirement Academy here Unlock the secret to affording healthcare in retirement, especially if you've decided to leave the workforce early. This episode features Cole from Move Health, who joins us to unravel the intertwining of healthcare subsidies and Roth conversions, so you can discover how to navigate these waters for a secure financial future. We promise to equip you with strategies to manipulate your modified adjusted gross income to maximize government subsidies on ACA plans, and we'll tackle the nuances of Roth conversions to soften the blow of future taxes. It's all about the artful balancing act that keeps your hard-earned dollars where they belong – in your pocket. Facing the music of healthcare costs in retirement doesn't have to be a solo act. With expert guidance from Cole, we illuminate how to manage Medicare Part B and D premiums, and that dreaded IRMAA surcharge, all while juggling the boon of advanced premium tax credits. High-income earners, don't despair! We'll show that sometimes higher costs like IRMAA are just another verse in your financial symphony. This discussion goes beyond simple dollars and cents; it's about orchestrating a retirement plan that sings in harmony with your healthcare needs and your wallet. Tune in and empower yourself to retire with a plan that hits all the right notes. Create Your Custom Early Retirement Strategy Here Get access to the same software I use for my clients and join the Early Retirement Academy here Ari Taublieb, CFP ®, MBA is the Vice President of Root Financial Partners and a Fiduciary Financial Planner specializing in helping clients retire early with confidence.

Create Your Custom Early Retirement Strategy Here FREE eBook: Navigating Health Insurance Before 65 Get Started with Move Health Get access to the same software I use for my clients and join the Early Retirement Academy here Are you dreaming of clocking out of the workforce for good and diving headfirst into the joys of early retirement? Halt that swan dive for just a moment to consider a crucial piece: health insurance. I'm here, with the esteemed Medicare insurance specialist Lyndia, to unveil the roadmap to securing your health coverage before you blow out the candles on your 65th birthday cake. In our chat, we dissect the nuances of COBRA, retiree plans, the Affordable Care Act marketplace, major medical, and faith-based alternatives, ensuring you have the knowledge to keep health insurance woes from stalling your early retirement fantasies. Navigating the health insurance labyrinth can be as intricate as a game of chess, but with a trusted broker like me from Move Health, you're playing with an advantage. I lay out how broker-assisted health insurance selection can be the king's gambit in your strategy, offering tailored comparisons of carriers and plans—without the sneaky checkmates of hidden fees and conflicts of interest. Discover how income manipulation can be a strategic move for Affordable Care Act plans, and I'll guide you through this complex play to potentially capture significant savings. Capping off, we take a magnifying glass to the American Rescue Act's healthcare tax credits, dissecting how this financial boon can benefit your pre-retirement planning. I walk you through five crucial steps to prepare for the healthcare side of your golden years, emphasizing the importance of a holistic approach to your financial and healthcare blueprint. Stay tuned for our next episode, which promises to dive deeper into conversions and healthcare connections, and remember to keep the conversation going by sending your questions for future episodes. So, grab a pen, jot down some notes, and let's turn your early retirement dreams into a secure and insured reality. Create Your Custom Early Retirement Strategy Here Get access to the same software I use for my clients and join the Early Retirement Academy here Ari Taublieb, CFP ®, MBA is the Vice President of Root Financial Partners and a Fiduciary Financial Planner specializing in helping clients retire early with confidence.

Create Your Custom Early Retirement Strategy Here Get access to the same software I use for my clients and join the Early Retirement Academy here Embark on an emotional ride with us as we unfold the often-unspoken truths of retirement, guided by candid confessions from those who've crossed the finish line. They share their journeys with a raw honesty that's as refreshing as it is rare. Learn why a fulfilling life might mean more than clocking extra hours for a promotion, and how meaningful connections can outweigh a bulging bank balance. It's a deep dive into the waters of work-life balance and personal happiness, where we explore the delicate interplay between financial security and the richness of relationships and personal satisfaction. We also weave through the complexities of workplace contentment, narrated through the lens of an engineer who found wealth in the community, not just his paycheck. No guests this time—just pure, reflective storytelling that's sure to stir your thoughts and maybe even sway your priorities. As we wrap up, you're not just a listener; you're a participant. I invite you to shape our journey forward by sending your burning questions and curiosities for future episodes. It's not just a conversation; it's a collective exploration of what makes life before, during, and after retirement truly worthwhile. Create Your Custom Early Retirement Strategy Here Get access to the same software I use for my clients and join the Early Retirement Academy here Ari Taublieb, CFP ®, MBA is the Vice President of Root Financial Partners and a Fiduciary Financial Planner specializing in helping clients retire early with confidence.

Create Your Custom Early Retirement Strategy Here Get access to the same software I use for my clients and join the Early Retirement Academy here Escape the relentless grind and discover the keys to a fulfilling early retirement with our latest episode. We're peeling back the curtain on the common blunders that can derail your golden years, and providing savvy tips for a life rich with passion projects and strategic financial moves. Whether you're knee-deep in garden soil or knee-high in your latest adventure, this conversation is your roadmap to navigating the less-trodden paths of post-work bliss, ensuring that boredom is just a word in the dictionary and your nest egg remains solid as a rock. Join us as we chart a course through the complexities of managing retirement funds with an eye toward market volatility and unforeseen expenses. Hear about "BP bulletproofing" your savings, the ins and outs of Roth conversions, and the wisdom of setting spending guardrails that leave room for the joy of giving back. We're not handing out tired, one-size-fits-all advice; our journey together is tailored to those who yearn for a retirement as unique as their fingerprint. Tune in, submit your piercing questions, and let's craft a retirement strategy that mirrors your lifelong aspirations. Create Your Custom Early Retirement Strategy Here Get access to the same software I use for my clients and join the Early Retirement Academy here Ari Taublieb, CFP ®, MBA is the Vice President of Root Financial Partners and a Fiduciary Financial Planner specializing in helping clients retire early with confidence.

Create Your Custom Early Retirement Strategy Here Get access to the same software I use for my clients and join the Early Retirement Academy here Ever wondered why Roth conversions might just be the financial cauliflower you didn't know you needed? We're peeling back the layers of this tax planning strategy to show you how it could supercharge your retirement savings or possibly trip you up if it's not the right fit. Today, we're walking you through the pros and cons, armed with real-life examples like the time I advised a client to steer clear of conversions due to their health and retirement horizon. Think of it as a tailored suit – Roth conversions need to be customized to your financial physique, or they just won't look good on your bank account. Feeling jittery about upcoming changes in tax brackets, or confused about when to convert your 401(k) to a Roth IRA? Grab a cup of coffee, and let's talk timing and tactics. We're not just talking theory; we dive into a case study of a forward-thinking couple who used a market downturn to their advantage with a Roth conversion, illustrating that with careful planning and a pinch of courage, you too can navigate the financial market waves and sail smoothly into retirement. Whether you're a seasoned investor or a newcomer to the retirement planning game, this episode is your invitation to become a part of the conversation and make decisions that resonate with your future financial well-being. Create Your Custom Early Retirement Strategy Here Get access to the same software I use for my clients and join the Early Retirement Academy here Ari Taublieb, CFP ®, MBA is the Vice President of Root Financial Partners and a Fiduciary Financial Planner specializing in helping clients retire early with confidence.

Create Your Custom Early Retirement Strategy Here Get access to the same software I use for my clients and join the Early Retirement Academy here Ever wondered why some folks can retire comfortably at 53, while others work well into their golden years? The answer isn't as simple as how much money you've saved up—it's rooted in your monthly expenses and lifestyle choices. Today's episode peels back the layers on retirement planning, debunking the myth of a magic retirement number and introducing you to the concept of Financial Independence, Recreational Employment. We're discussing how it's not about quitting work entirely, but about having the freedom to choose how and when you work. Join us as we navigate through personal stories and financial examples that bring to light the true indicators of retirement readiness. Diving into the heart of financial planning, we meet Ari, who's wrestled with retirement decisions and wondered if they're on the right track. I'll walk you through Ari's journey, highlighting how personal values can significantly shape financial decision-making. We're also tackling the common mistake of equating retirement expenses with your current salary, and why it's essential to have a realistic budget reflecting your actual living costs. If you've toyed with the dream of retiring to a sun-soaked village in Portugal or Spain, we even touch on the financial implications of relocating. Don't miss this chapter where we also share a handy tool—a cash flow spreadsheet linked in the description—to help keep your spending habits transparent. Wrapping up, we shift gears to focus on the brass tacks of a solid investment strategy that will carry you through retirement without hiccups. I guide you through evaluating your savings, understanding the impact of taxes, and how to balance equities with fixed income to ensure a comfortable and sustainable lifestyle. Plus, we discuss why having pensions might actually allow you to take a bolder approach to investing. Remember, this is about more than just numbers—it's about crafting a retirement that fits your life. So, whether you're planning early retirement or simply curious about the financial future, tune in and let's explore what it takes to retire on your terms. Create Your Custom Early Retirement Strategy Here Get access to the same software I use for my clients and join the Early Retirement Academy here Ari Taublieb, CFP ®, MBA is the Vice President of Root Financial Partners and a Fiduciary Financial Planner specializing in helping clients retire early with confidence.

Create Your Custom Early Retirement Strategy Here Get access to the same software I use for my clients and join the Early Retirement Academy here Unlock the secrets to a rich retirement as we dissect the myths of withdrawal rates and prove why it's not just about surviving post-work life, but thriving in it. This week, I pull back the curtain on the story of a client whose journey shatters the illusion that the lowest withdrawal rate is the safest bet. Together, we navigate beyond the oversimplified 4% rule, emphasizing the need for a personalized strategy that adapts to market shifts and personal spending. Tailoring your retirement to your unique timeline and expenses is not just smart—it’s essential. Strap in for a candid exploration of the pitfalls of static withdrawal plans and how a diverse investment portfolio can be your golden ticket to an optimized retirement. I reveal the significance of dynamic strategies that respond to the ebb and flow of markets and life changes. Plus, we'll address the risks of a one-size-fits-all investment approach and how avoiding it can lead to more favorable tax outcomes and a retirement that's as varied and full of life as you are. As we wrap up, I extend an invitation to you, the listeners, to become an active part of our community by submitting your burning questions and stories. Each piece of advice here is a stepping stone to customize your retirement blueprint, but remember, the nuances of your journey require the finesse of a professional’s touch. So, tune in, take notes, and get ready to craft a retirement as unique as you are. Create Your Custom Early Retirement Strategy Here Get access to the same software I use for my clients and join the Early Retirement Academy here Ari Taublieb, CFP ®, MBA is the Vice President of Root Financial Partners and a Fiduciary Financial Planner specializing in helping clients retire early with confidence.

Create Your Custom Early Retirement Strategy Here Get access to the same software I use for my clients and join the Early Retirement Academy here Risk in retirement planning is as personal as your fingerprint, and this episode peels back the layers to reveal just how customized your financial blueprint needs to be. I share heartfelt stories from my clients, such as the one who viewed market volatility as a thief lurking in the shadows of their nest egg, juxtaposed against the one who saw staying out of the market as a missed opportunity to dance with potential growth. As I steer away from the cookie-cutter advice, you'll discover the 'cheat code' to manage your spending in retirement, ensuring that you can live comfortably without the fear of running out of money. Tune in to hear how emotional factors intersect with cold, hard numbers in the world of finance. I'll recount my own parents' journey with financial advisors, shedding light on the perils of inadequate planning and the merits of maximizing financial efficiency. We'll unravel the complex emotions behind pivotal decisions, like paying off your mortgage versus investing for the future, aiming to equip you with the wisdom to make choices that resonate with both your bank account and your peace of mind. For those eager to sculpt their path to early retirement, this episode isn't just a conversation—it's a compass. Create Your Custom Early Retirement Strategy Here Get access to the same software I use for my clients and join the Early Retirement Academy here Ari Taublieb, CFP ®, MBA is the Vice President of Root Financial Partners and a Fiduciary Financial Planner specializing in helping clients retire early with confidence.