• 513 | Make Your Own Dividend | Mailbag with Rachael

  • Sep 30 2024
  • Length: 1 hr and 14 mins
  • Podcast

513 | Make Your Own Dividend | Mailbag with Rachael

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  • Summary

  • In this episode: getting started early with FI, the 4% rule, retirement accounts, real estate, and safe withdrawal rates. This episode is packed with actionable information that can help with maximizing your financial future, from house hacking to Roth conversions, and strategies for living off your investments. Brad and Rachael dive into real-world listener questions to help you navigate your FI journey with confidence. Rachael Camp offers advisory Services through Creative Financial Designs, Inc., a Registered Investment Adviser, and Securities are offered through cfd Investments, Inc., a Registered Broker/Dealer, Member FINRA & SIPC, 2704 S. Goyer Rd., Kokomo, IN 46902. 765-453-9600. Camp Wealth is not affiliated with the CFD companies. 🔑 Key Themes Discussed: The benefits of getting started early with financial independence (FI)Evaluating the 4% rule and how to live off investments in retirementUnderstanding the difference between Roth vs. Traditional retirement accountsTax strategies for early retirement and avoiding penaltiesHouse hacking as a way to reduce housing costs and boost savingsReal estate as an investment: risks, rewards, and misconceptionsMaximizing income while keeping expenses low for young professionalsSafe withdrawal rates, dividends, and managing investments post-retirementThe psychological aspects of early retirement and maintaining financial health 🕒 Chapters: 00:00 – Introduction to Mailbag with Rachael01:00 – Starting Early with FI: Gabby’s Journey03:00 – Roth vs. Traditional Retirement Accounts for Young Investors06:00 – House Hacking and Real Estate Strategies09:00 – How the 4% Rule Works for Early Retirement12:00 – Income Maximization for Young Professionals18:00 – Managing Dividends and Withdrawal Strategies in FI24:00 – Safe Withdrawal Rates and Creating Your Own Dividend31:00 – Listener Questions: Roth IRA Conversion Ladder36:00 – Tax Strategies and Avoiding Penalties in Early Retirement43:00 – Rethinking Real Estate and House Hacking Risks51:00 – Wrap-Up and Final Thoughts on Financial Independence 🔗 Mentioned Links and Resources: Mailbag: Getting Started with FI, Debt vs. Investing, Dividends, 4% Includes Taxes?, Roth 401k | Rachael Camp | ChooseFI Ep 505Mailbag: Roth vs. Trad, $35k Roth to 529, Combining Finances | Rachael Camp | ChooseFI Ep 496How to Access Your Retirement Accounts Before 59.5 | Sean Mullaney | ChooseFI Ep 475Drawdown Strategies: Karsten vs. Fritz | ChooseFI Ep 427House Hacking With Coach Carson | ChooseFI Ep 16Scott Trench | Set For Life | ChooseFI Ep 63Subscribe to The FI Weekly! More Helpful Links and FI Resources: Top 10 Recommended Travel Rewards Credit CardsEmpower: Free Dashboard to Track Your FinancesCIT Bank Platinum Savings AccountM1 Finance: Commission-Free Investing, 1-click rebalancingCashFreely: Maximize Your Cash Back RewardsTravel Freely: Track all your rewards cards and pointsEmergency Binder: For Your Family’s Essential Info (code ‘CHOOSEFI’ for 20% off)Student Loan Planner: Custom Consult (with $100 Discount)Get a cheaper phone plan with Mint Mobile
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