Show Notes
How much do you actually need to retire, and once you get there, how do you turn your portfolio into income without running out of money? In this episode, Christine Benz from Morningstar joins us to talk about one of the biggest challenges of early retirement: decumulation. We get into how much you can realistically withdraw, what to do when markets are expensive or take a downturn, and how to build a portfolio that can support you for decades. Christine also explains why you don’t need a perfect portfolio or an overly complicated strategy to retire successfully, and why staying flexible may be one of the most important parts of a good retirement plan. To go beyond the podcast: Interested in a Flat Fee Financial Planner? Go to https://biggerpocketsmoney.com/fipro/ Interested in Learning More About Buying a Franchise? Check out: biggerpocketsmoney.com/franzy Get 50% Off Your First Year of Monarch by using code ‘Pockets’: https://www.monarch.com/pockets Connect with Christine Benz: Website: https://www.morningstar.com Podcast: The Longview We believe financial independence is attainable for anyone no matter when or where you’re starting. Let’s get your financial house in order! See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
More from BiggerPockets Money
Can you achieve financial independence and retire in 15 years if you're starting from $0 at age 50? In this episode, we break down how to build wealth on a lower income by rethinking your biggest expenses, growing your earning potential, and making your money work harder. Learn how your first $25,000 can create a foundation for financial security, how house hacking and real estate investing can accelerate your progress, and why developing new skills and pursuing side hustles can help you reach your goals faster. Whether you're a late starter or simply trying to get serious about your finances, discover practical strategies to save more, invest wisely, and build a realistic path to early retirement. To go beyond the podcast: Listen to the Full Episode (668): https://biggerpocketsmoney.com/podcast/how-to-go-from-broke-at-50-to-retired-at-60/ Interested in working with a Flat Fee Financial Planner? Go to https://biggerpocketsmoney.com/fipro/ Get 50% Off Your First Year of Monarch by using code ‘Pockets’: https://www.monarch.com/pockets Follow BiggerPockets Money on Social: Facebook: https://www.facebook.com/groups/BPMoney Instagram: https://www.instagram.com/biggerpocketsmoney/ We believe financial independence is attainable for anyone no matter when or where you’re starting. Let’s get your financial house in order! See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Your 20s can be the best time to take risks, but knowing which risks are worth taking can make all the difference in reaching financial independence. In this episode, we break down how to take smart risks with your money, career, and lifestyle to build wealth faster. Learn how to invest for long-term growth, negotiate a higher salary, start a side hustle, use house hacking to build wealth, and protect yourself with insurance and an emergency fund. We also cover the risks to avoid, from high-interest debt to speculative investments, so you can pursue financial independence without putting your financial future at unnecessary risk. To go beyond the podcast: Interested in a Flat Fee Financial Planner? Go to https://biggerpocketsmoney.com/fipro/ Interested in Learning More About Buying a Franchise? Check out: biggerpocketsmoney.com/franzy Get 50% Off Your First Year of Monarch by using code ‘Pockets’: https://www.monarch.com/pockets Connect with Evan Lawler: Instagram: https://www.instagram.com/the_financialfoundation/ YouTube: https://www.youtube.com/@The_FinancialFoundation We believe financial independence is attainable for anyone no matter when or where you’re starting. Let’s get your financial house in order! See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
How do you go from financial mistakes and debt to financial independence? On this episode of the BiggerPockets Money Podcast, Kelley Long shares her journey from money struggles in her twenties to reaching Coast FI and building a life with more flexibility and financial freedom. Kelley discusses paying off debt, changing her money mindset, investing for long-term wealth, and spending intentionally without sacrificing the things she loves. If you're pursuing Coast FI, early retirement, or financial independence, Kelley's story offers practical lessons for creating a financial future on your own terms. To go beyond the podcast: Interested in a Flat Fee Financial Planner? Go to https://biggerpocketsmoney.com/fipro/ Interested in Learning More About Buying a Franchise? Check out: biggerpocketsmoney.com/franzy Get 50% Off Your First Year of Monarch by using code ‘Pockets’: https://www.monarch.com/pockets Connect with Kelley Long: Website: https://www.financialblisscoach.com/ Instagram: https://www.instagram.com/financialblisscoach/ We believe financial independence is attainable for anyone no matter when or where you’re starting. Let’s get your financial house in order! See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
How can you have a $3.8 million net worth and still have zero cash available? In this episode of BiggerPockets Money, Mindy Jensen and Scott Trench help a couple navigate a financial puzzle involving wealth tied up in real estate and retirement accounts, significant medical expenses, and a cash flow shortfall. They explore strategies for accessing money early, including Roth conversions, the 72(t) rule, and real estate sales, while considering healthcare costs, ACA subsidies, and tax implications. If you're planning for early retirement, this case study shows why having a high net worth isn't always the same as having money you can actually spend. To go beyond the podcast: Interested in a Flat Fee Financial Planner? Go to https://biggerpocketsmoney.com/fipro/ Interested in Learning More About Buying a Franchise? Check out: biggerpocketsmoney.com/franzy Get 50% Off Your First Year of Monarch by using code ‘Pockets’: https://www.monarch.com/pockets We believe financial independence is attainable for anyone no matter when or where you’re starting. Let’s get your financial house in order! See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Is the massive investment in AI worth the cost? In this Best of BiggerPockets Money episode, Aswath Damodaran breaks down the trillions being poured into AI infrastructure, the revenue needed to justify that spending, and the risk of an AI investment bubble. Learn how to evaluate AI stocks, understand Big Tech valuations, and manage investment risk without trying to time the market. To go beyond the podcast: Listen to the Full Episode (780): https://biggerpocketsmoney.com/podcast/aswath-damodaran-why-ai-needs-10-trillion-in-revenue-to-work/ Interested in working with a Flat Fee Financial Planner? Go to https://biggerpocketsmoney.com/fipro/ Get 50% Off Your First Year of Monarch by using code ‘Pockets’: https://www.monarch.com/pockets Follow BiggerPockets Money on Social: Facebook: https://www.facebook.com/groups/BPMoney Instagram: https://www.instagram.com/biggerpocketsmoney/ We believe financial independence is attainable for anyone no matter when or where you’re starting. Let’s get your financial house in order! See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.