April 14, 2025 • 15 mins
Retirement anxiety is normal and healthy, even for people with solid financial plans—it shows you're taking your future seriously and want to make thoughtful decisions about your life transition.
• Understanding why retirement worry is natural despite having financial security
• How joining a retirement community can provide perspective and reduce anxiety
• Balancing financial needs with personal purpose and meaningful activities
• Learning to differentiate between necessary caution and excessive worry
• Finding comfort in flexibility and dynamic planning during market changes
• Recognizing that uncertainty is normal in major life transitions
• Defining your personal measures of retirement success rather than comparing to others
• Taking action by exploring new ideas from peers rather than just passively consuming content
Join our free retirement planning community to connect with others navigating the same challenges and discover new strategies to improve your retirement confidence.
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Ari Taublieb, CFP ®, MBA is the Chief Growth Officer of Root Financial Partners and a Fiduciary Financial Planner specializing in helping clients retire early with confidence.
“Early Retirement – Financial Freedom” is a podcast produced by Root Financial Partners, an SEC-registered investment adviser. The content provided is for informational and educational purposes only. It should not be interpreted as investment, legal, or tax advice. I may reference planning situations based on real client experiences, but they’ve been simplified for clarity. Always consult your own financial advisor before making decisions.
Listening to this podcast does not create or imply an advisory relationship with Root Financial. Investing involves risk, including the potential loss of principal. Past performance does not guarantee future results. Testimonials and endorsements do not reflect all client experiences and are not compensated. Learn more at our website or by reviewing our Form ADV at https://adviserinfo.sec.gov.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
If anyone were to come to me and say, look, I'm
just not worried aboutretirement, I'm sure it's going
to be fine.
I have a plan for purposefulfillment financially I've
never worried about anything atall I'd be like kudos to you,
you are the anomaly, becausemost people they're not worried,
like am I going to be?
Okay?
I mean, there is an extent ofthat to everyone.
But most people are like, look,I want to make sure I don't
(00:21):
miss something, or look backwith regret of why didn't I
spend more time with family orfriends?
Or how do I make sure I don'tdie with like 20 million, cause
I don't need 20 million, but Ialso don't want to run out of
money, and I feel like that's ahard line to kind of understand.
And so the point here oftoday's episode is really going
to be about like why it'snatural to be worried and how to
(00:41):
plan around that in a way thatdecreases your anxiety, and that
is my goal of this episode.
So if you're like, hey, I amthat anomaly, I just don't worry
, because I just I don't knowwhat to tell you.
I feel like I have a good plan,I'm not worried about anything,
nothing Great.
This might not be the episodefor you.
I never want to waste someone'stime, if you're like, no, I
just want to kind of hear yourthoughts on it.
(01:02):
Anyways, even if I'm notworried, I'll try to make it
entertaining for you.
So thank you, as always, tolistening to the Early
Retirement Podcast.
Bad transition right there, butyou're getting the raw
transparency here, as always.
My name is Ari Taublieb, I'm acertified financial planner and
I'm the host of the EarlyRetirement Podcast.
Finally, I am the chief growthofficer at Root.
(01:24):
What the heck does that mean?
Well, my job is to help as manypeople as possible retire with
confidence, and sometimes thatmeans I have to institute a
minimum, meaning how many peoplemy advisors can take on in a
single month.
Sometimes it's regarding anasset minimum, sometimes it's me
going how do I expand?
What services look like as anindustry?
So it's one of the reasons Icreated this Root Collective,
(01:45):
this community that's free, thatanyone can go join, to go see
new ideas about retirementplanning, which I'd encourage
all of you to join if you're notalready in it, and you can see
that in the description.
That's my job.
So today's episode why it'snatural to be worried and how do
you plan around.
That was prompted by somethingsomeone said in the community,
(02:06):
so I'm going to read it aloud.
You can see it If you'rewatching on YouTube, if you're
listening on the podcast app.
Please keep doing that.
And this comes from hi fi, whosays I feel for your clients,
I'm sort of in the same boat.
Now, real quick disclaimer onthat.
I posted saying hey, any of youworried about retiring?
And if you are, like, whatspecifically are you worried
about?
Because I think if we all talkabout it publicly and in a
(02:29):
really open, transparent manner,other people will go hey, so
I'm not alone, other people feelthis way.
So this person says that I feelfor your client, I'm in the
same boat.
I'm 45 years old, enteringrecreational employment.
Entering recreationalemployment Recreational
(02:59):
employment is the phrase I madeup instead of what a lot of
people will call the FIREmovement, which is Financial
Independence, retire Early,where people are getting
multiple jobs, sacrificinghealth, all to try to retire at
35 and they don't know what theywant to.
Or because you have to, great.
If it turns out it's becauseyou want to keep doing it.
If it's because you have to,when could that possibly stop?
Okay, no more interruptions.
Let's finish this point here.
Many of my colleagues have leftthis portion of the profession
to move on to a different area.
I have no plans to do so.
I live in a rural area thatdoesn't afford me the luxury of
(03:22):
most meetup groups or activitiesthat are available to others,
but here's my thought.
I'm going to use the drive andmindset that allowed me to run a
successful business and becomefinancially independent to fuel
a successful retirement,whatever that may be.
Yeah, I'm a little worried, butI'm up for the challenge.
It is a challenge.
It is a fun challenge.
It is real life, though, andwhat I mean by that it's like
(03:44):
some of you are like what do youmean?
It's not.
I do have people that go well,I'm just going to retire and
it's just going to work out,right.
No, it's almost.
It's something you have to bereally intentional with and
practice because and I'll dothese exercises with my clients
I'll go.
Okay.
So you want to retire where, Idon't know, maybe Hawaii.
(04:05):
I go, great, what are you goingto do?
They're like well, I'm going tohave time with family and
friends, and that's what I'm soexcited.
And then I have clients that goyou know, I'm going to play
golf and I go great, like ifyou're at your back, what are
you going to do?
And they're like I don't know,like I was going to golf, that's
what I put all my marbles inand I go well, you could do that
, but I also don't want you toall of a sudden go.
Hey, I feel like I put all mykind of effort and energy into
(04:29):
family and friends and likethey're busy because I'm
retiring so early.
Who the heck am I supposed tohang out with and what am I
going to really do?
Am I going to have purpose?
Some of you are like, omg, arethese real problems?
Like just go volunteer.
Do you know how many differentyou some of you are like
listening, going, how are peopleliterally bored?
Like I have a laundry list ofthings I want to get to.
(04:50):
But this sense of worry, I findstems from the financial side.
So at first it's like, hey, doI really know I can retire,
which is why I encourage peopleto at a minimum use the software
I talk about in that academy,get confidence from an advisor,
whether one at Roots or anotherfirm, to go okay.
So financially I've workedthrough all of that, I'm in a
good spot.
(05:10):
But what prompted this episode,why I wanted to record it is
because there's a lot of peoplethat financially, feel, yeah,
I'm in a good spot, but I stillam not confident, and I don't
know why.
Why is it that I could be shownhundreds of graphs and numbers
and I have a degree ofconfidence, but I still don't
feel like I can take the leap.
Why is that?
Well, I'm going to use apersonal example and then you'll
(05:33):
be able to hopefully take someinsight from it.
And so when I was proposingbefore I proposed, should I say
to Alice Alice is my fiancé, wehave been together for over six
years and I proposed last Augustand we're getting married in
August, this upcoming August andI went to a therapist and I
said, look, this just feelsweird.
(05:53):
I know this is my person, Icouldn't live life without her,
she is my everything.
But like I'm committing forlike life here and so like, is
there something I'm missing oroverlooking?
Like I don't know, like maybethere's not, I don't think there
is but like I just have thisfeeling, not like it's not my
person, but a feeling of like,hey, it's like you're a
(06:15):
professional, you talk to peoplethat like get married all the
time and people that getdivorced, and like what are the
best tips and strategies?
And can I just like give you mythoughts so you can give me a
gut check as to whether it seemslike you think I should do this
or if there's something I'moverlooking?
And they were like this is acommon case of you trying to
have everything figured out.
I'm like, well, I am a plannerat heart, so I do believe that.
(06:37):
And they're like look, some ofthis is.
And when they said this, theygo some of this is you're not
going to know and you've got tobe comfortable with that, but is
this the person that you wantto figure it out with?
And right when they said that,I said I'm good, totally good,
doing doing it.
It was about a 12 minute callthat I paid 50 minutes for and I
was like more than happy to doit.
So the idea here is some of youjust might need to go.
(06:59):
Wow, a lot of other people arealso kind of worried, even
though financially they're in agood spot.
And I just like my anxietiesgot lifted because I saw one
thing someone said in thiscommunity that is making me, for
some reason, like moreconfident, like I know maybe I
shouldn shouldn't pay off themortgage, but like they just
talked about how great it is,how much better they sleep when
they do pay off the mortgage.
That's been something that I'vebeen debating, or a common one
(07:23):
is hey, I just I'm reallyworried if I travel extensively
from 55 to 65.
Am I going to run out of moneybecause I'm spending so much
more at the beginning, like whenmarkets aren't doing well, and
I'm also traveling?
Am I screwing future me later?
And the reality is, I'll giveyou the financial answer, but
(07:44):
the reality is, hey, these arethe years you have your energy
and your health.
I want you to spend time doingthis.
I want you to prioritize thosethings.
I also don't want you mad at mewhen you're 90 with $20 million
going.
Why didn't you give meconfidence that I could have
spent more money?
So the point here is you'regoing to go if you're in the
community and you're going tosee what people say about.
Hey, yep, I'm actually in thecommunity right now and I
(08:07):
actually stopped taking fivetrips when markets weren't doing
well and I instead only tookthree trips because I could see
on my portfolio if I just kepttaking five trips while markets
were going down.
It really would have changedhow much I could spend the rest
of my life.
So I'm still traveling, but I'mtaking three, not five.
Some of you might go wow, thathits.
(08:27):
That resonates with me.
I get why I would want to takeless when markets are doing well
, and maybe then I ramp up whenmarkets are doing well.
It's about being dynamic.
And so some people come to meand I've given this example a
lot.
They'll go look, I just want youto tell me, am I going to be
okay?
Just like will I be able tomeet my legacy goals?
Tell me I'm not going to runout of money.
I'm like look, I'm sorry Ican't do that, but a thousand
(08:50):
other advisors will.
And they're like why not you?
And I'll joke that I'm themeanest advisor Not really, but
because I don't want you mad atme retiring too early or too
late.
And my dad growing up used tosay I'm the meanest dad there is
because I would go hey, whycan't I have Cheetos?
My friend does?
He'd be like life isn't fair,too bad.
And so I'm like look to all ofyou guys hey, life isn't fair in
(09:16):
the way of like, not like.
You're not going to be okay.
Most of you watching, listening,you're going to be okay.
You are taking the time toreflect on your retirement plan
and you're choosing to casuallylisten to this instead of
watching some reality TV orother things that I think a lot
of that is head trash anyways.
But regardless, my point hereis I want you to go wow, I'm not
alone.
I do see what I'm on track forand I see what I can manipulate,
(09:39):
like I see my trade-offs.
You might go.
I really want to take fivetrips per year, no matter what.
That's my thing.
I'm traveling and your softwaremight show you.
If you're using it correctly,it might go hey, john, you can
do that, but it means you'reworking one more year, so you're
going to work till 56 insteadof 55.
So, whether markets do good ordo bad, you can still do your
(10:00):
five trips a year.
Other people are going to belike I'm more of a.
I'd rather stop working now,and if that means I take a few
less trips, fine, because I justdon't want to work.
Okay, that's you.
You're different people, butyou can still gather ideas from
each other.
So I want everyone, hopefully,to take some sort of action from
this, and that action can belike I see, when I'm on track
(10:24):
very clearly, where I will nothave to work ever again using
software, working with anadvisor, whatever that may be,
or going.
I'm going to go in thiscommunity and learn what other
ideas are out there that I don'tknow, and this could be ideas
regarding I changed my umbrellainsurance, I moved my 401k to
these investments, I startedusing this rule of 55.
(10:44):
I decided to optimize mywithdrawal strategy.
Whatever it is.
Let this be the tough lovemeanest dad, whatever analogy
you want to take and take somesort of action.
Because if you're justlistening to this casually
awesome, but a lot of you guysdo listen to this casually,
which, look, I love more peopledownload the show Helps it grow.
But my mission is to make sureas many people as possible can
(11:06):
retire early or at least knowwhen it's possible.
So if you're casually listeningand enjoy it, but not taking
action, at a minimum join thefree community so you can see
what other ideas are in there.
You can be silent, don't useyour real name, just go in there
and kind of look around to be afly on the wall and if there's
a few ideas you take that reallyresonate with you, awesome, and
if there are some that youthink are terrible, you can put
(11:28):
those thoughts in there as well.
But that is just that's thisepisode.
This is not my normal episode ofcase study, conversion,
withdrawal health care.
This is like, hey, you're ahuman, it's okay to be worried
If you are not worried at all.
I would be more worried because, as an advisor, I talk to
people.
It'd be as if, like, I went tosurgery with a doctor and I just
(11:49):
, hey, doc, just, you know, openme up.
You know, just go for it.
Don't even worry whether it'sthe right leg, left leg, just go
for it.
No, obviously not like that.
But I would say, look, thatwould be weird.
If I was the surgeon, I'd belike, hey, don't you have more
questions for me?
Like, don't you want to reallymake sure you're about to get
surgery?
Like, yeah, I want to be askedquestions.
(12:10):
I, we are given comfort asadvisors At least I am.
When someone goes, ari, I'mreally worried.
What if I live till like I'm ahundred?
Great, let's plan for that.
Oh, at a minimum, let's do it.
Oh.
But also, what if my friendsdon't retire at the same time as
us, but I still want to travelwith them.
Can I afford to pay for myfriends to come on trips with us
(12:31):
as well?
Absolutely, let's see if we cando that.
So go dream to the nth degreeand then play around with the
trade-offs to go.
You know, yeah, I do love myfriends, but if that means I
have to work three more yearsjust to travel with them, they
can pay for their own ticket.
You might go.
No, what am I doing?
It turns out me working onemore year would allow my spouse
to have unlimited you knowwhatever golf trips.
(12:54):
Okay, that's something that'svaluable.
Define what you view as success.
Don't let other people go.
You know, I'm going to tell youhow much you need.
You need $2 million, and thebiggest head trash that I see is
people will go.
Oh, you know my neighbor, theyhave $2 million, we have $3
million, and they say likethey're nowhere close to
(13:17):
retirement.
I feel like maybe we can make ithappen, but I don't really know
.
And so we just feel anxiety,and it's one of those things of
are we going to like, create,like what?
Is it?
Not anxiety, but create havoc?
I don't think that's theperfect word either, but havoc
on the street of like oh,they're the retired couple,
retired so early, they're goingto regret it later, cause what
(13:38):
if they spend too much too soon?
I'll have people come to mewith those thoughts and
conversations.
And so all of this is to mejust truly to say hey, you're
normal, you're a human, you'renot normal.
I'm not normal, I'm weird, I ampro-weird.
By the way, that's going to beone of my t-shirts.
I'm going to have cauliflowershirt, pro-weird.
And then I'll do you guys thinkif I were to say, hey, you can
(14:02):
go get some merch, some earlyretirement merch, what would it
look like?
Those are the two I'm thinkingCauliflower, pro, weird, and
that's it.
So obviously I try to keep thesefun, entertainment,
lighthearted, educational.
If you like this style, great,let me know.
If you're like no, I'm more ofthe technical person.
I want a little more hardhitting, hit me with the facts
(14:23):
and awesome.
I have way more of those typesof videos and I like doing those
equally as much.
I love doing different types ofcontent podcasts, videos, live
shows.
If you're unaware, I do liveshows every Wednesday on YouTube
, so if you wanna check thoseout, you can even see all the
previous live recordings.
Those are different than this.
This is, you know, 10, 15minute.
(14:43):
Here you go.
Those are like hour, two hoursof me going through lots of case
studies, lots of terrible jokesin there, which I'll apologize
for in advance.
I love getting to do them andthat's all I got for you guys
today.
See you next week.
Thank you all, as always, forlistening to the early
retirement podcast.
I love getting to host theseshows and make different content
(15:04):
for you guys every single week.
I've not missed a single weekin years and that is because I
love getting to do this.
Now, please be smart about this.
Before you actually execute anystrategy that you see me talk
about or hear me talk about,should I say Please talk to your
financial advisor, your taxpreparer, your estate attorney.
Please be smart about this.
None of this should beconstrued as financial advice.
(15:27):
This is for fun, educational,informational purposes only.
Once again, just quickdisclaimer here.
Guys, please be smart aboutthis.
Appreciate you listening, asalways, and you can, of course,
submit a question on my website,earlyretirementpodcastcom, if
you, of course, want me toaddress a specific case study or
topic.
I will not promise I can get toit, but I respond to every
(15:49):
single person, and if I find itwill be helpful for a lot of
people, I will absolutely makean episode on it.
At the very least give you someinsight.
That's it.
Thanks, guys.
If anyone were to come to me and say, look, I'm
just not worried aboutretirement, I'm sure it's going
to be fine.
I have a plan for purposefulfillment financially I've
never worried about anything atall I'd be like kudos to you,
you are the anomaly, becausemost people they're not worried,
like am I going to be?
Okay?
I mean, there is an extent ofthat to everyone.
But most people are like, look,I want to make sure I don't
(00:21):
miss something, or look backwith regret of why didn't I
spend more time with family orfriends?
Or how do I make sure I don'tdie with like 20 million, cause
I don't need 20 million, but Ialso don't want to run out of
money, and I feel like that's ahard line to kind of understand.
And so the point here oftoday's episode is really going
to be about like why it'snatural to be worried and how to
(00:41):
plan around that in a way thatdecreases your anxiety, and that
is my goal of this episode.
So if you're like, hey, I amthat anomaly, I just don't worry
, because I just I don't knowwhat to tell you.
I feel like I have a good plan,I'm not worried about anything,
nothing Great.
This might not be the episodefor you.
I never want to waste someone'stime, if you're like, no, I
just want to kind of hear yourthoughts on it.
(01:02):
Anyways, even if I'm notworried, I'll try to make it
entertaining for you.
So thank you, as always, tolistening to the Early
Retirement Podcast.
Bad transition right there, butyou're getting the raw
transparency here, as always.
My name is Ari Taublieb, I'm acertified financial planner and
I'm the host of the EarlyRetirement Podcast.
Finally, I am the chief growthofficer at Root.
(01:24):
What the heck does that mean?
Well, my job is to help as manypeople as possible retire with
confidence, and sometimes thatmeans I have to institute a
minimum, meaning how many peoplemy advisors can take on in a
single month.
Sometimes it's regarding anasset minimum, sometimes it's me
going how do I expand?
What services look like as anindustry?
So it's one of the reasons Icreated this Root Collective,
(01:45):
this community that's free, thatanyone can go join, to go see
new ideas about retirementplanning, which I'd encourage
all of you to join if you're notalready in it, and you can see
that in the description.
That's my job.
So today's episode why it'snatural to be worried and how do
you plan around.
That was prompted by somethingsomeone said in the community,
(02:06):
so I'm going to read it aloud.
You can see it If you'rewatching on YouTube, if you're
listening on the podcast app.
Please keep doing that.
And this comes from hi fi, whosays I feel for your clients,
I'm sort of in the same boat.
Now, real quick disclaimer onthat.
I posted saying hey, any of youworried about retiring?
And if you are, like, whatspecifically are you worried
about?
Because I think if we all talkabout it publicly and in a
(02:29):
really open, transparent manner,other people will go hey, so
I'm not alone, other people feelthis way.
So this person says that I feelfor your client, I'm in the
same boat.
I'm 45 years old, enteringrecreational employment.
Entering recreationalemployment Recreational
(02:59):
employment is the phrase I madeup instead of what a lot of
people will call the FIREmovement, which is Financial
Independence, retire Early,where people are getting
multiple jobs, sacrificinghealth, all to try to retire at
35 and they don't know what theywant to.
Or because you have to, great.
If it turns out it's becauseyou want to keep doing it.
If it's because you have to,when could that possibly stop?
Okay, no more interruptions.
Let's finish this point here.
Many of my colleagues have leftthis portion of the profession
to move on to a different area.
I have no plans to do so.
I live in a rural area thatdoesn't afford me the luxury of
(03:22):
most meetup groups or activitiesthat are available to others,
but here's my thought.
I'm going to use the drive andmindset that allowed me to run a
successful business and becomefinancially independent to fuel
a successful retirement,whatever that may be.
Yeah, I'm a little worried, butI'm up for the challenge.
It is a challenge.
It is a fun challenge.
It is real life, though, andwhat I mean by that it's like
(03:44):
some of you are like what do youmean?
It's not.
I do have people that go well,I'm just going to retire and
it's just going to work out,right.
No, it's almost.
It's something you have to bereally intentional with and
practice because and I'll dothese exercises with my clients
I'll go.
Okay.
So you want to retire where, Idon't know, maybe Hawaii.
(04:05):
I go, great, what are you goingto do?
They're like well, I'm going tohave time with family and
friends, and that's what I'm soexcited.
And then I have clients that goyou know, I'm going to play
golf and I go great, like ifyou're at your back, what are
you going to do?
And they're like I don't know,like I was going to golf, that's
what I put all my marbles inand I go well, you could do that
, but I also don't want you toall of a sudden go.
Hey, I feel like I put all mykind of effort and energy into
(04:29):
family and friends and likethey're busy because I'm
retiring so early.
Who the heck am I supposed tohang out with and what am I
going to really do?
Am I going to have purpose?
Some of you are like, omg, arethese real problems?
Like just go volunteer.
Do you know how many differentyou some of you are like
listening, going, how are peopleliterally bored?
Like I have a laundry list ofthings I want to get to.
(04:50):
But this sense of worry, I findstems from the financial side.
So at first it's like, hey, doI really know I can retire,
which is why I encourage peopleto at a minimum use the software
I talk about in that academy,get confidence from an advisor,
whether one at Roots or anotherfirm, to go okay.
So financially I've workedthrough all of that, I'm in a
good spot.
(05:10):
But what prompted this episode,why I wanted to record it is
because there's a lot of peoplethat financially, feel, yeah,
I'm in a good spot, but I stillam not confident, and I don't
know why.
Why is it that I could be shownhundreds of graphs and numbers
and I have a degree ofconfidence, but I still don't
feel like I can take the leap.
Why is that?
Well, I'm going to use apersonal example and then you'll
(05:33):
be able to hopefully take someinsight from it.
And so when I was proposingbefore I proposed, should I say
to Alice Alice is my fiancé, wehave been together for over six
years and I proposed last Augustand we're getting married in
August, this upcoming August andI went to a therapist and I
said, look, this just feelsweird.
(05:53):
I know this is my person, Icouldn't live life without her,
she is my everything.
But like I'm committing forlike life here and so like, is
there something I'm missing oroverlooking?
Like I don't know, like maybethere's not, I don't think there
is but like I just have thisfeeling, not like it's not my
person, but a feeling of like,hey, it's like you're a
(06:15):
professional, you talk to peoplethat like get married all the
time and people that getdivorced, and like what are the
best tips and strategies?
And can I just like give you mythoughts so you can give me a
gut check as to whether it seemslike you think I should do this
or if there's something I'moverlooking?
And they were like this is acommon case of you trying to
have everything figured out.
I'm like, well, I am a plannerat heart, so I do believe that.
(06:37):
And they're like look, some ofthis is.
And when they said this, theygo some of this is you're not
going to know and you've got tobe comfortable with that, but is
this the person that you wantto figure it out with?
And right when they said that,I said I'm good, totally good,
doing doing it.
It was about a 12 minute callthat I paid 50 minutes for and I
was like more than happy to doit.
So the idea here is some of youjust might need to go.
(06:59):
Wow, a lot of other people arealso kind of worried, even
though financially they're in agood spot.
And I just like my anxietiesgot lifted because I saw one
thing someone said in thiscommunity that is making me, for
some reason, like moreconfident, like I know maybe I
shouldn shouldn't pay off themortgage, but like they just
talked about how great it is,how much better they sleep when
they do pay off the mortgage.
That's been something that I'vebeen debating, or a common one
(07:23):
is hey, I just I'm reallyworried if I travel extensively
from 55 to 65.
Am I going to run out of moneybecause I'm spending so much
more at the beginning, like whenmarkets aren't doing well, and
I'm also traveling?
Am I screwing future me later?
And the reality is, I'll giveyou the financial answer, but
(07:44):
the reality is, hey, these arethe years you have your energy
and your health.
I want you to spend time doingthis.
I want you to prioritize thosethings.
I also don't want you mad at mewhen you're 90 with $20 million
going.
Why didn't you give meconfidence that I could have
spent more money?
So the point here is you'regoing to go if you're in the
community and you're going tosee what people say about.
Hey, yep, I'm actually in thecommunity right now and I
(08:07):
actually stopped taking fivetrips when markets weren't doing
well and I instead only tookthree trips because I could see
on my portfolio if I just kepttaking five trips while markets
were going down.
It really would have changedhow much I could spend the rest
of my life.
So I'm still traveling, but I'mtaking three, not five.
Some of you might go wow, thathits.
(08:27):
That resonates with me.
I get why I would want to takeless when markets are doing well
, and maybe then I ramp up whenmarkets are doing well.
It's about being dynamic.
And so some people come to meand I've given this example a
lot.
They'll go look, I just want youto tell me, am I going to be
okay?
Just like will I be able tomeet my legacy goals?
Tell me I'm not going to runout of money.
I'm like look, I'm sorry Ican't do that, but a thousand
(08:50):
other advisors will.
And they're like why not you?
And I'll joke that I'm themeanest advisor Not really, but
because I don't want you mad atme retiring too early or too
late.
And my dad growing up used tosay I'm the meanest dad there is
because I would go hey, whycan't I have Cheetos?
My friend does?
He'd be like life isn't fair,too bad.
And so I'm like look to all ofyou guys hey, life isn't fair in
(09:16):
the way of like, not like.
You're not going to be okay.
Most of you watching, listening,you're going to be okay.
You are taking the time toreflect on your retirement plan
and you're choosing to casuallylisten to this instead of
watching some reality TV orother things that I think a lot
of that is head trash anyways.
But regardless, my point hereis I want you to go wow, I'm not
alone.
I do see what I'm on track forand I see what I can manipulate,
(09:39):
like I see my trade-offs.
You might go.
I really want to take fivetrips per year, no matter what.
That's my thing.
I'm traveling and your softwaremight show you.
If you're using it correctly,it might go hey, john, you can
do that, but it means you'reworking one more year, so you're
going to work till 56 insteadof 55.
So, whether markets do good ordo bad, you can still do your
(10:00):
five trips a year.
Other people are going to belike I'm more of a.
I'd rather stop working now,and if that means I take a few
less trips, fine, because I justdon't want to work.
Okay, that's you.
You're different people, butyou can still gather ideas from
each other.
So I want everyone, hopefully,to take some sort of action from
this, and that action can belike I see, when I'm on track
(10:24):
very clearly, where I will nothave to work ever again using
software, working with anadvisor, whatever that may be,
or going.
I'm going to go in thiscommunity and learn what other
ideas are out there that I don'tknow, and this could be ideas
regarding I changed my umbrellainsurance, I moved my 401k to
these investments, I startedusing this rule of 55.
(10:44):
I decided to optimize mywithdrawal strategy.
Whatever it is.
Let this be the tough lovemeanest dad, whatever analogy
you want to take and take somesort of action.
Because if you're justlistening to this casually
awesome, but a lot of you guysdo listen to this casually,
which, look, I love more peopledownload the show Helps it grow.
But my mission is to make sureas many people as possible can
(11:06):
retire early or at least knowwhen it's possible.
So if you're casually listeningand enjoy it, but not taking
action, at a minimum join thefree community so you can see
what other ideas are in there.
You can be silent, don't useyour real name, just go in there
and kind of look around to be afly on the wall and if there's
a few ideas you take that reallyresonate with you, awesome, and
if there are some that youthink are terrible, you can put
(11:28):
those thoughts in there as well.
But that is just that's thisepisode.
This is not my normal episode ofcase study, conversion,
withdrawal health care.
This is like, hey, you're ahuman, it's okay to be worried
If you are not worried at all.
I would be more worried because, as an advisor, I talk to
people.
It'd be as if, like, I went tosurgery with a doctor and I just
(11:49):
, hey, doc, just, you know, openme up.
You know, just go for it.
Don't even worry whether it'sthe right leg, left leg, just go
for it.
No, obviously not like that.
But I would say, look, thatwould be weird.
If I was the surgeon, I'd belike, hey, don't you have more
questions for me?
Like, don't you want to reallymake sure you're about to get
surgery?
Like, yeah, I want to be askedquestions.
(12:10):
I, we are given comfort asadvisors At least I am.
When someone goes, ari, I'mreally worried.
What if I live till like I'm ahundred?
Great, let's plan for that.
Oh, at a minimum, let's do it.
Oh.
But also, what if my friendsdon't retire at the same time as
us, but I still want to travelwith them.
Can I afford to pay for myfriends to come on trips with us
(12:31):
as well?
Absolutely, let's see if we cando that.
So go dream to the nth degreeand then play around with the
trade-offs to go.
You know, yeah, I do love myfriends, but if that means I
have to work three more yearsjust to travel with them, they
can pay for their own ticket.
You might go.
No, what am I doing?
It turns out me working onemore year would allow my spouse
to have unlimited you knowwhatever golf trips.
(12:54):
Okay, that's something that'svaluable.
Define what you view as success.
Don't let other people go.
You know, I'm going to tell youhow much you need.
You need $2 million, and thebiggest head trash that I see is
people will go.
Oh, you know my neighbor, theyhave $2 million, we have $3
million, and they say likethey're nowhere close to
(13:17):
retirement.
I feel like maybe we can make ithappen, but I don't really know
.
And so we just feel anxiety,and it's one of those things of
are we going to like, create,like what?
Is it?
Not anxiety, but create havoc?
I don't think that's theperfect word either, but havoc
on the street of like oh,they're the retired couple,
retired so early, they're goingto regret it later, cause what
(13:38):
if they spend too much too soon?
I'll have people come to mewith those thoughts and
conversations.
And so all of this is to mejust truly to say hey, you're
normal, you're a human, you'renot normal.
I'm not normal, I'm weird, I ampro-weird.
By the way, that's going to beone of my t-shirts.
I'm going to have cauliflowershirt, pro-weird.
And then I'll do you guys thinkif I were to say, hey, you can
(14:02):
go get some merch, some earlyretirement merch, what would it
look like?
Those are the two I'm thinkingCauliflower, pro, weird, and
that's it.
So obviously I try to keep thesefun, entertainment,
lighthearted, educational.
If you like this style, great,let me know.
If you're like no, I'm more ofthe technical person.
I want a little more hardhitting, hit me with the facts
(14:23):
and awesome.
I have way more of those typesof videos and I like doing those
equally as much.
I love doing different types ofcontent podcasts, videos, live
shows.
If you're unaware, I do liveshows every Wednesday on YouTube
, so if you wanna check thoseout, you can even see all the
previous live recordings.
Those are different than this.
This is, you know, 10, 15minute.
(14:43):
Here you go.
Those are like hour, two hoursof me going through lots of case
studies, lots of terrible jokesin there, which I'll apologize
for in advance.
I love getting to do them andthat's all I got for you guys
today.
See you next week.
Thank you all, as always, forlistening to the early
retirement podcast.
I love getting to host theseshows and make different content
(15:04):
for you guys every single week.
I've not missed a single weekin years and that is because I
love getting to do this.
Now, please be smart about this.
Before you actually execute anystrategy that you see me talk
about or hear me talk about,should I say Please talk to your
financial advisor, your taxpreparer, your estate attorney.
Please be smart about this.
None of this should beconstrued as financial advice.
(15:27):
This is for fun, educational,informational purposes only.
Once again, just quickdisclaimer here.
Guys, please be smart aboutthis.
Appreciate you listening, asalways, and you can, of course,
submit a question on my website,earlyretirementpodcastcom, if
you, of course, want me toaddress a specific case study or
topic.
I will not promise I can get toit, but I respond to every
(15:49):
single person, and if I find itwill be helpful for a lot of
people, I will absolutely makean episode on it.
At the very least give you someinsight.
That's it.
Thanks, guys.
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