Episode Details

What might everyday millionaires, Coast FI, and skilled trades teach us about building wealth and planning for retirement? On this episode of the Retire Sooner Podcast, Wes Moss and Christa DiBiase explore the money decisions, tradeoffs, and strategies that may help shape the road to financial independence.

·       Discover how “everywhere millionaires” are building wealth through hands-on businesses far beyond the Silicon Valley spotlight.

·       Explore the appeal of Coast FI and why life’s financial curveballs may complicate even a carefully designed plan.

·       Examine how skilled trades such as plumbing and electrical work may fit into the conversation around careers, income, and wealth building.

·       Assess how risk tolerance, time horizon, and market swings may help shape a retirement investment mix.

·       Consider how young, high-earning professionals might weigh taxes, student loans, and workplace retirement plansas their incomes grow.

·       Compare lump-sum and monthly pension options while factoring in inflation, COLAs, longevity, and income needs.

·       Evaluate securities-backed lines of credit, including their potential benefits and risks, and how they differ from traditional mortgages.

·       Learn how realizing investment gains may affect reportable income and eligibility for ACA health insurance subsidies.

·       Understand the tax and eligibility considerations surrounding custodial accounts and Roth IRAs for young adults.

·       Explore Wes’s new book, The Retire Sooner Method, and the research behind his approach to the financial and lifestyle characteristics associated with a happier retirement.

Listen and subscribe to the Retire Sooner Podcast for more conversations about retirement planning, investing, financial independence, building wealth, and the financial and lifestyle decisions that may come into play on the road to financial independence.

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