In this episode: calculating when you retire, tracking expenses, health insurance, the importance of planning, and health spanning. This week we are rejoined by Teresa as well as Fritz Gilbert of The Retirement Manifesto to walk us through a case study of how to approach retirement while on your FI journey. It’s a common question to ask when you can retire or when you can stop working? Luckily there are plans of action and resources available covered in today's episode that will leave you feeling better prepared to proceed with a plan for retirement, no matter what part of your FI journey you are on. While there are many factors to consider when planning for retirement, such as savings versus spending rate and repositioning your portfolio, all these factors are manageable when you have a good plan in place. Take the time now to feel confident for what life will be like leading up to and after you retire! The Retirement Manifesto: <ul> <li>Website: <a href= "https://www.theretirementmanifesto.com/blog/" target="_blank" rel= "noreferrer noopener">theretirementmanifesto.com</a></li> <li>Book: <a href= "https://www.theretirementmanifesto.com/my-book/" target="_blank" rel="noreferrer noopener">"Keys to a Successful Retirement:  Staying Happy, Active and Productive in Your Retired Years" by Fritz Gilbert</a></li> <li>Case Study: <a href= "https://www.theretirementmanifesto.com/from-food-stamps-to-fire-a-case-study-on-retirement-planning/" target="_blank" rel="noreferrer noopener">From Food Stamps to FIRE: A Case Study on Retirement Planning</a></li> </ul> Timestamps: <ul> <li>1:33 - Introduction</li> <li>2:37 - Calculating When You Can Retire</li> <li>7:46 - Does Retiring Early Effect Social Security?</li> <li>15:06 - Tracking Spending and Expenses</li> <li>20:55 - Health Insurance in Retirement</li> <li>29:49 - The Importance of Planning/Changing Your Assumptions</li> <li>40:17 - One More Year Syndrome/Your Health Span</li> <li>45:00 - The Second Phase of Retirement</li> <li>49:51 - Conclusion</li> </ul> Resources Mentioned In Today’s Episode: <ul> <li><a href= "https://www.choosefi.com/from-food-stamps-to-fi-theresa-ep-453/" target="_blank" rel="noreferrer noopener">From Food Stamps to FI | Theresa | ChooseFI Ep 453</a></li> <li><a href="http://www.choosefi.com/newretirement" target="_blank" rel="noreferrer noopener">New Retirement</a></li> <li><a href="https://ssa.tools/" target="_blank" rel= "noreferrer noopener">SSA Tools</a></li> <li><a href="https://opensocialsecurity.com/" target="_blank" rel= "noreferrer noopener">Open Social Security</a></li> <li><a href="https://www.ssa.gov/myaccount/" target="_blank" rel= "noreferrer noopener">SSA.gov</a></li> <li><a href= "https://www.theretirementmanifesto.com/how-to-determine-when-to-claim-social-security/" target="_blank" rel="noreferrer noopener">How To Determine When To Claim Social Security (Retirement Manifesto)</a></li> <li><a href= "https://docs.google.com/spreadsheets/d/12lB6-hpIxvqMJOryQxm9wCV2An309J9KvPdcFrQQNhk/edit#gid=1060429676" target="_blank" rel="noreferrer noopener">The Retirement Manifesto Net Worth Template</a></li> <li><a href= "https://www.amazon.com/Outlive-Longevity-Peter-Attia-MD/dp/0593236599" target="_blank" rel="noreferrer noopener">"Outlive: The Science and Art of Longevity" by Dr. Peter Attia with Bill Gifford</a></li> <li><a href= "https://www.choosefi.com/what-happens-when-the-paycheck-stops/" target="_blank" rel="noreferrer noopener">What Happens When The Paycheck Stops? – Keys To A Successful Retirement With Fritz Gilbert (Part 1) | ChooseFI Ep 206</a></li> <li><a href="https://www.choosefi.com/read/newsletter/" target= "_blank" rel="noreferrer noopener">Subscribe to The FI Weekly!</a></li> </ul> More Helpful Links and FI Resources: <ul> <li><a href= "https://www.choosefi.com/top-recommended-travel-cards/" data-type= "post" data-id="153934">Top 10 Recommended Travel Rewards Credit Cards</a></li> <li><a href="https://www.choosefi.com/pc" target="_blank" rel= "noreferrer noopener nofollow" data-type="link" data-id= "https://www.choosefi.com/pc">Empower: Free Dashboard to Track Your Finances</a></li> <li><a href="https://www.choosefi.com/CIT_PS" target="_blank" rel= "noreferrer noopener nofollow" data-type="link" data-id= "https://www.choosefi.com/CIT_PS">CIT Bank Platinum Savings Account</a></li> <li><a href="https://www.choosefi.com/M1signup" target="_blank" rel="noreferrer noopener nofollow">M1 Finance: Commission-Free Investing, 1-click rebalancing</a></li> <li><a href="https://my.cashfreely.net/share?bref=cfw" target= "_blank" rel="noreferrer noopener nofollow" data-type="link" data-id="https://my.cashfreely.net/share?bref=cfw">CashFreely: Maximize Your Cash Back Rewards</a></li> <li><a href="https://my.travelfreely.net/share?bref=cfw" target= "_blank" rel="noreferrer noopener nofollow" data-type="link" data-id="https://my.travelfreely.net/share?bref=cfw">Travel Freely: Track all your rewards cards and points</a></li> <li><a href="https://www.choosefi.com/legacybinder-blog" target= "_blank" rel="noreferrer noopener nofollow" data-type="post" data-id="8053">Emergency Binder: For Your Family’s Essential Info</a> (code ‘CHOOSEFI’ for 20% off)</li> <li><a href="https://www.studentloanplanner.com/choosefi/" target= "_blank" rel="noreferrer noopener nofollow" data-type="link" data-id="https://www.studentloanplanner.com/choosefi/">Student Loan Planner: Custom Consult</a> (with $100 Discount)</li> </ul>

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473 | Are We There Yet? 'Retire Early' Case Study

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