The Decumulation Strategy After Hitting Financial Independence | Bill Yount скачать в хорошем качестве

The Decumulation Strategy After Hitting Financial Independence | Bill Yount

Episode #710 ~~~ Subscribe to our Weekly Newsletter: www.biggerpocketsmoney.com ~~~ Want to be a guest on the show? Apply here: https://biggerpocketsmoney.com/contact/ ~~~ Get 50% Off Your First Year of Monarch by using code ‘Pockets’: https://www.monarchmoney.com/ ~~~ Connect with Bill Yount: Website: https://catchinguptofi.com/ Instagram:   / catchinguptofi   ~~~ Connect with Scott and Mindy: Scott:   / scott_trench   Mindy:   / _mindyatbp   ~~~ Follow BiggerPockets Money on Social: Facebook:   / bpmoney   Instagram:   / biggerpocketsmoney   ~~~ How do you actually spend your money after reaching financial independence? Bill Yount from Catching up to FI achieved financial independence at 60 after a 10-year journey. Today he's sharing his complete decumulation strategy—from portfolio adjustments and withdrawal tactics to social security timing and helping his kids build wealth. In this episode of the BiggerPockets Money Podcast, Bill breaks down how he transitioned from wealth accumulation to preservation mode, the flat-fee financial advisor who helped him build a comprehensive drawdown plan, and his exact strategy for living off his investments without running out of money. Mindy Jensen and Scott Trench cover Bill's complete retirement drawdown and withdrawal plan, how he stress-tests his financial spending, the role of risk parity in his portfolio, social security optimization, and how to balance helping adult children build wealth while protecting your own retirement. Bill also shares practical advice for late starters—proof that reaching FI after 50 is absolutely possible with focused effort and smart planning. Whether you're a late starter to FIRE, already financially independent and wondering how to spend your money, or planning your own drawdown strategy, Bill's practical approach offers a clear roadmap for transitioning confidently from building wealth to living off it. 00:00 Bill Yount’s Achieves FI at 60! 01:02 Catching up to Financial Independence at 50 03:55 Decumulation Strategy 07:40 Portfolio Construction and Risk Management 18:08 Order of Operations for Decumulation 22:30 Balancing Work and Financial Independence 26:54 Engaging Family in Wealth Building 27:12 Gift Tax Exemption and Retirement Contributions 29:32 Retirement Spending 31:16 Planning for Big Expenses in Retirement 32:58 Social Security Timing and Health Considerations 34:53 Choosing the Right Financial Advisor 40:09 Transitioning to Retirement 42:20 Connect with Bill!