Episode #624
Episode Show Notes:
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https://www.biggerpockets.com/users/mindyjensen?utm_source=youtube&utm_medium=description&utm_campaign=none Would you delay your early retirement for years to feel safer and secure once you FIRE? That’s what Mark Trautman did, FIRE-ing before discovering the FIRE movement was even a thing. While he could have retired in his 40s, Mark pushed his retirement date to 50, retiring with a conservative withdrawal schedule that even beats the 4% rule. But, thanks to being invested throughout his retirement, Mark has blown past even his Fat FIRE dreams, spending what he wants, when he wants, without a worry!
But it wasn’t the money that made Mark thankful for FIRE. Mark was able to be right next to his wife and even his father during their last days, being fully dedicated to them and not worrying about a job or paycheck he had to go after. This is the TRUE point of FIRE, and living like Mark could have the same powerful impact on you.
Speaking of paychecks, Mark’s “FI paychecks” are fueling his retirement, so much so that he barely (if ever) needs to withdraw from his retirement portfolio. How is this completely passive cash flow funding his life? Copy Mark’s strategy, and you could be Fat FIRE by 50, too!
00:00: Intro
00:53: FIRE at 50!
04:37: Scared to Withdraw for Retirement?
07:59: Super Conservative FI Strategy
12:34: The FI “Paycheck”
13:25: Spending in Early Retirement
15:14: Time Freedom to Care For His Wife
21:42: The “Fun” Bucket
25:24: Market Corrections Are GOOD!
29:41: Add Treasuries to Your FIRE Portfolio?
32:09: FIRE Healthcare
34:46: The FIRE Lifestyle
37:52: Connect with Mark!
