ChooseFI | Financial Independence Podcast30 Sep 2017

043 | Retirement Drawdown Strategy: How to Spend Your Savings

Most retirement podcasts obsess over building wealth — but almost nobody talks about the harder part: spending it without running out. Fritz from Retirement Manifesto tackles the decumulation phase that conventional advice ignores, sharing his blueprint for strategically withdrawing from decades of accumulated assets while managing taxes, healthcare costs, and sequence of returns risk. Fritz shares his background and path toward retiring at age 55 after 33 years in corporate America, emphasizing balancing aggressive savings with enjoying life along the way. Understanding Drawdown Strategies [00:15:47] A drawdown strategy involves planning how to withdraw funds from retirement accounts while minimizing risks and ensuring lasting income throughout retirement. "Strategically withdrawing from a lifetime of resources is essential." [00:15:47] Fritz's Personal Journey to Retirement [00:06:31] Fritz shares his background and path toward retiring at age 55 after 33 years in corporate America, emphasizing balancing aggressive savings with enjoying life along the way. The Importance of Asset Allocation [00:31:48] Discusses the significance of having a balanced approach between stocks and bonds as retirement nears. "A 3% withdrawal rate allows for a more conservative investment approach." [00:36:37] Self-Insurance vs. Long-Term Care Insurance [01:01:30] Fritz explains his decision to self-insure for long-term care instead of purchasing insurance. "Opt for self-insurance; it can lead to greater long-term wealth." [01:03:11] Planning for Healthcare Costs [00:46:30] Integrating healthcare cost planning into retirement strategies to prevent financial strain. Fritz's Hot Seat [01:05:36] Quick-fire questions covering his favorite blog, biggest financial mistakes, and advice for younger selves. Key Quotes: "Decumulation is just as crucial as accumulation; don't overlook it." [00:05:14] "Embrace the power of compounding—start saving early and save big." [01:10:46] Related Resources: The Retirement Manifesto Blog [01:13:24] ▶ Listen Next: Ep. 047 — The Case Against Home Ownership and the Power of Geographic Arbitrage | Essential Listening

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(680)

607 | Other Mountains I Want to Climb | Diania Merriam

Reaching financial independence is supposed to be the goal—but what if you get there and realize the real skill isn't earning or saving, but learning to spend? And what if the metric for business succ...

13 Jul 1h 21min

606 | Deep Dive: Target-Date Retirement and Bond Funds | Cody Garrett

Most investors think they're buying the same thing when they choose a target date fund—but two people who bought 2025 target date funds 15 years ago could have 40% different returns today. Same target...

6 Jul 1h 8min

605 | Retire in Less Than 10 Years

At 21, Cody Berman appeared on ChooseFI as a college student discovering financial independence. Three years later, he retired at 26. Now 30 with a $5 million net worth, he's back to reveal exactly ho...

29 Jun 1h 7min

604 | Getting Personal With Personal Finance: Bill Yount

Bill Yount reached financial independence at 60—then froze. His financial advisor confirmed 100% security, yet instead of relief, he felt disoriented fog. The emergency medicine physician who transfor...

22 Jun 1h

603 | Crash Proof: The Science Of Stock Market Resilience | Brian Feroldi

The stock market crashes about once every three years—at least a 20% drop. Most investors panic and sell. But if you understood why markets always recover, you'd do the opposite. Brian Feroldi reveals...

15 Jun 51min

602 | FI 201 Beyond FI Basics: Asset Allocation & Market Psychology Mastery

Most investors lose to the market because they're trying to pick winners in a game where only 4% of stocks have created 100% of market wealth over the past century. The math isn't in your favor—but th...

8 Jun 1h 1min

601 | Travel Rewards 101 | Devon Gimbel from Point Me to First Class

Devon Gimbel just booked over $250,000 in travel last year using credit card points—but she's the first to tell you award travel isn't "free." It's a strategy for 10x-ing your existing travel budget b...

1 Jun 1h 17min

600 | FI 101: Teaching Financial Independence to Your Community

A dead local meetup group attracted just 5 people to its first gathering at a brewery. Two years later, that same group draws 70+ attendees to structured educational sessions, with newcomers driving a...

25 Mai 1h 13min