485 | Mailbag: Spending Down to Zero, High Fee 401k, Mini Retirements | Rachael Camp

ChooseFI

In this episode: spending down to zero, the ratcheting rule, the guardrails approach, high fee 401k's, and mini-retirements.

This week we are diving back into the listener mailbag with Rachael Camp to address the pressing questions our community has! Whether it's curiosity towards the concept of dying with zero, determining whether it is a good time to take a mini-retirement, or working with high-fee 401k's, Brad and Rachael tackle it all! Listen along as YOU the community dictate the conversation with your hot button FI questions!

Rachael Camp:

• Website: www.rachaelcampwealth.com
• Twitter: @camp_wealth

Please note:

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.

Timestamps:

• 0:55 – Introduction
• 1:38 – Spending Down to Zero
• 10:15 – The Ratcheting Rule and The Guard Rails Approach
• 20:38 – Flexible Spending Strategy
• 27:01 – Does Everything Need to be Optimized?
• 31:15 – High Fee 401k’s
• 41:48 – Mini Retirement Considerations
• 49:54 – Roth IRA Contributions and Faze Out Limits
• 55:57 – Conclusion

Resources Mentioned In Today’s Episode:

• “Die With Zero: Getting All You Can from Your Money and Your Life” by Bill Perkins
• “Thinking in Bets: Making Smarter Decisions When You Don’t Have All the Facts” by Annie Duke
• The Ratcheting Safe Withdrawal Rate – A More Dominant Version Of The 4% Rule?
• The guardrails approach is a flexible retirement withdrawal strategy: Here’s how it works
• Early Retirement Now
• The Problem with the 4% Rule (and Why You Could Retire Even Sooner)
• The Roth IRA Conversion Ladder | A Case Study | ChooseFI Ep 17R
• Roth IRA Conversion Ladder Case Study | ChooseFI Ep 163R
• Retire Often
• Mini-Retirements to Accelerate Your Path to FI | Jillian Johnsrud | ChooseFI Ep 451
• Subscribe to The FI Weekly!

More Helpful Links and FI Resources:

• Top 10 Recommended Travel Rewards Credit Cards
• Empower: Free Dashboard to Track Your Finances
• CIT Bank Platinum Savings Account
• M1 Finance: Commission-Free Investing, 1-click rebalancing
• CashFreely: Maximize Your Cash Back Rewards
• Travel Freely: Track all your rewards cards and points
• Emergency 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