Less stress, easy overhead, and being debt-free… those are three fantastic reasons to chase financial independence. For a growing number of investors the top reason to save and live frugally has become a chance at early retirement. But, what type of freedom does early retirement bring? Is the freedom gained from early retirement worth it? We’ll ask our contributors their thoughts on early retirement, and explore the concept of not retiring FROM something, but TO something on today’s show. Assisting us in today’s discussion is Rocky Lalvani from the Richer Soul podcast, Len Penzo from LenPenzo.com, and OG, from our very own Stacking Benjamins podcast.
Halfway through the show, we’ll tap the pause button on our discussion while Joe talks to Kevin Kidd, Roush Fenway competition director. You might be thinking, “WAIT, that’s not FinTech! what does that have to do with finances?” As it turns out, there are a few financial lessons to be had from a professional racing team.
Plus, after we finish a few laps around the track, we’ll answer a voicemail from Rosie during our Magnify Money segment. Rosie’s parents are retired, and she’s recently learned her parents have been charged some crazy fees from their financial advisor. She wants to move them over to some low-cost index funds, but doesn’t want to lose all their money in the process. What should their asset allocation look like?
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Show Notes:
Experian
Thanks to Experian for supporting Stacking Benjamins. Boost your FICO score instantly for free. Boost is only available at Experian.com/sb
MetPro
Thanks to MetPro for supporting Stacking Benjamins. Get a complimentary Metabolic Profiling assessment and a 30-minute consultation with a MetPro expert at metpro.co/sb.
<6:52> Headlines
Our Contributers
Rocky Lalvani
You can find Rocky’s Richer Soul podcast wherever you subscribe to Stacking Benjamins, or through his site: RicherSoul.com
Paula Pant
Check Out Paula’s site and amazing podcast: AffordAnything.com
Follow Paula on Twitter: @AffordAnything
OG
For more on OG and his firm’s page, click here.
<27:41> Rausch Racing Competition Director: Kevin Kidd
You can check out more from Rausch Racing at the team’s site: Roushfenway.com
You can keep up with the team on Twitter: @roushfenway
<38:30> Doug’s Trivia
- How much is the Rousch racing team….the team kevin works for, worth?
<57:10> Magnify Money Question
- Rosie is pretty sure her parents have been charged some crazy fees by the financial advisor. She wants to move their accounts over to some low-cost index funds. They’re already retired, so she doesn’t want to ruin the savings. What would we recommend for their asset allocation?
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