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!
In This Episode We Cover
The** “FI paychecks” **you should set up once you’re near early retirement )
Why FIRE is about MORE than money; it’s about time with the ones you love
Mark’s **“Fun Bucket” for worry-free spending **on life-changing experiences
Why** delaying your early retirement **could help you FIRE without money anxiety)
The one inflation/market downturn hedge Mark uses that provides him with passive income
Early retirement healthcare) and how Mark pays for health insurance without employment
And **So **Much More!
Links from the Show
Mindy on BiggerPockets)
Scott on BiggerPockets)
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Email Mindy: [email protected]
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How to Plan for Early Retirement NOW! | Life After FIRE w/Justin Peters)
Mark’s Money Mind)
EconoMe Conference)
Get to FIRE Faster with “Set for Life”)
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How to Plan for Early Retirement NOW! | Life After FIRE w/Justin Peters)
(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!
Check out more resources from this show on BiggerPockets.com) and https://www.biggerpockets.com/blog/money-624)
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