Hoping to retire someday? What about retiring early? On today’s show we’ll sit down with Chris Mamula who retired at…wait for it….41, about how he did it. He’s the co-author of the newly released book, Choose FI: Your Blueprint to Financial Independence, and also is an award-winning blogger at CanIRetireYet.com. He and his wife blazed their own trail toward freedom after meeting with advisors who didn’t serve them and reading blogs that didn’t speak to them. They might have also listened to a podcast or two that didn’t meet with their expectations.
Before all that, though, in our headlines segment, we’ll cover one piece from Financial Planning about a Vanguard robo-advisor only recommending… (wait for it) … Vanguard funds! Think something seems a little fishy with this? We’ll throw our two cents into the ring, and still save plenty of time for our second piece from Forbes: women just aren’t purchasing enough life insurance. This is SUPER disturbing, given how much women contribute to the average family. If they have a 50% contribution, why aren’t they asking for more insurance? We’ll share the ugly details.
Plus, we’ll still have time to throw out the Haven Life Line to Stevan, who thinks it’s the right time to start a retirement account. Based on his current tax bracket and the research he’s done, Stevan feels like he should choose a Roth IRA over a traditional to get started… is he missing anything? What would be the pros to choosing a traditional account?
Of course, we’ll always have time for Doug’s trivia.
Thanks to Grammarly for supporting Stacking Benjamins. Get 20% off a Grammarly premium account, go to Grammarly.com/sb.
Get the money you need to run your small business. Go to Kabbage.com to get started. Credit lines subject to review and change. Individual requests for capital are separate installment loans issued by Celtic Bank, Member FDIC.
Show Notes:
Grammarly
Thanks to Grammarly for supporting Stacking Benjamins. Get 20% off a Grammarly premium account, go to Grammarly.com/sb.
Get the money you need to run your small business. Go to Kabbage.com to get started. Credit lines subject to review and change. Individual requests for capital are separate installment loans issued by Celtic Bank, Member FDIC.
<5:54> Headlines
- Vanguard’s robo recommendations? Vanguard funds only (Financial-Planning)
- Why Women Don’t Purchase Enough Life Insurance…And Why They Need More (Forbes)
<21:20> Chris Mamula
Check our Chris’s blog: CanIRetireYet.com
Want to get yourself copy of Chris’s book? Click here to order through our Powell’s link (you’ll be supporting an independent bookseller AND our show!): Can I Retire Yet?
<46:40> Doug’s Trivia
- Before the Simpsons, what other animated franchise was known as the most financially successful and longest-running show on TV?
<52:04> Haven Life Line
Want the guys to answer your question? You can call into the Haven Life Line and get your question answered on-air HERE.
- Stevan is starting a retirement account and thinks a Roth IRA (versus a traditional IRA) is the best choice for him. Is Stevan missing anything? Should he be giving anymore thought to a traditional IRA?
Join us Wednesday!
We’re sitting down with Harrison and Lisa of Mad Money Monster. They’ll share their experience of downsizing their lives and living in a van… do you think we’re taking frugality too far? Join us for our conversation on Wednesday!
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