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BiggerPockets Money Podcast

BiggerPockets Money Podcast

By: BiggerPockets
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 For those who have money… or want more of it! Join Mindy Jensen and Scott Trench (from BiggerPockets.com) weekly for the BiggerPockets Money Podcast. Each week, financial experts Mindy and Scott interview unique and powerful thought leaders about how to earn more, keep more, spend smarter, and grow wealth.© Copyright © 2024 BiggerPockets. All Rights Reserved. Disclaimer: The information contained in this podcast is for general informational purposes only. In no event will BiggerPockets be liable for any loss or damage derived from the information provided. Economics Personal Finance
Episodes
  • If No One Follows the 4% Rule, What IS the Right Withdrawal Rate?

    If No One Follows the 4% Rule, What IS the Right Withdrawal Rate?
    May 23 2025
    Most people assume the “safe withdrawal rate” for retirement (or early retirement) is 4%. But, if that’s the case, why is it SO hard to find anyone who’s gotten to their FIRE number, quit their job, and lived entirely off of the 4% rule? If the 4% rule is so safe and backed by solid math, why are so few FIRE followers confident enough to actually use it? We don’t know. So we asked Karsten, AKA “Big Ern,” from Early Retirement Now to help answer! Karsten has done the math, and the 4% rule checks out. But even he, an early retiree, doesn’t follow it. So, instead of the safe withdrawal rate, what’s the comfortable withdrawal rate early retirees should be following to FIRE on time and with less stress? And with turbulence in today’s stock market, and rising prices (which cause your spending to rise), what does the right FIRE portfolio look like? Karsten walks through how your portfolio should change as you approach FIRE. He explains why hedging with cash-flowing assets may be a smart move, how much cash to keep on hand, and whether those reserves can actually protect against sequence risk. Plus, should you pay off your mortgage on the path to FIRE? Scott and Karsten offer two different perspectives on whether it’s smarter to pay off your mortgage or invest that money instead. If you’re planning to FIRE, this is info you need to know! In This Episode We Cover Is the 4% rule math or myth, and why doesn’t anyone actually trust it enough to use it? The optimal FIRE portfolio for less risk and higher potential returns Cash reserves and emergency “buckets” to limit your sequence of returns risk Should you pay off your mortgage early or invest that money instead? One smart hedge to protect your portfolio against a stock market downturn And So Much More! Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/money-643 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com Learn more about your ad choices. Visit megaphone.fm/adchoices
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    1 hr and 2 mins
  • No, Taxes Won’t Derail Your FIRE: Here’s What You’ll Really Pay in Retirement

    No, Taxes Won’t Derail Your FIRE: Here’s What You’ll Really Pay in Retirement
    May 20 2025
    No, Taxes Won’t Derail Your FIRE: Here’s What You’ll Really Pay in Retirement Podcast Description Taxes in retirement have been called a “silent wealth killer” for those pursuing FIRE—but does the data tell a different story? If you’re worried about a ticking tax bomb wiping out a huge chunk of your investment portfolio or even delaying early retirement, you won’t want to miss this one! Welcome back to the BiggerPockets Money podcast! Today, we’re joined by fellow investor and self-proclaimed data nerd Mark Livingstone, who has created a free resource and spreadsheet YOU can use to estimate your tax burden in retirement. For most early retirees, taxes are negligible compared to the amount of income they can withdraw, and Mark will demonstrate this with a step-by-step walkthrough of his powerful FIRE tax tool! Along the way, you’ll learn the key differences between marginal and effective tax rates and why people who retire today pay much less tax than in decades prior. You’ll also hear about the four income “levers” you can pull in retirement, when income tax and capital gains tax kick in, and how to build the most tax-friendly withdrawal strategy possible! In This Episode We Cover Why taxes in retirement aren’t nearly as bad as you probably think A step-by-step walkthrough of Mark’s free retirement tax spreadsheet How the United States’ progressive income tax system works Marginal and effective tax rates explained (and how they impact your tax burden) The four income “levers” you can pull in retirement (and how each is taxed) How taxes impact the safe withdrawal rate (and why the 4% rule works) And So Much More! Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/money-642 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com Learn more about your ad choices. Visit megaphone.fm/adchoices
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    47 mins
  • Scott Steps Down as CEO: A New Age for BiggerPockets Money

    Scott Steps Down as CEO: A New Age for BiggerPockets Money
    May 16 2025
    BiggerPockets’ CEO Scott Trench announces his decision to step down as CEO, and focus full-time efforts on personal finance content with BiggerPockets Money. We also welcome BiggerPockets’ new CEO, Ale Ayestaran. Learn more about your ad choices. Visit megaphone.fm/adchoices
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    43 mins
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