Join host Mark Trautman and co-host Kevin Sebesta for a special live recording from CampFI Rocky Mountain Week 2 in Colorado Springs.

Explore attendee questions on taxes, investing, retirement and financial independence with insights from Sean Mullaney, the FI Tax Guy, and Travis Hughes of Downshift Financial.

If you would like your question answered on the show, please send an email to Mark@MarksMoneyMind.com and put “podcast question” in the subject line.

Episode Links:

Mark’s Money Mind YouTube channel

CampFI

Kevin Sebesta - Life in FIRE

Sean Mullaney - The FI Tax Guy

Travis Hughes - Downshift Financial

Social Security

Open Social Security calculator

Michael Kitces “Hybrid/Hybrid” LTC approach (Sorry, I could not locate this white paper)

The Fun Bucket

CampFI - Life Lessons from the First Year of Early Retirement

Rock Retirement Club

Sean Mullaney YouTube Videos

Sean Mullaney - Mullaney Financial & Tax

Timestamps:

• 00:53 Meet the Co-Host and Special Guests
• 02:52 Understanding the Slackers
• 04:38 Tax Impacts of Renting vs. Buying
• 06:03 Maximizing 401k Contributions
• 08:37 Divesting from Real Estate
• 10:39 Optimizing Health Savings Accounts (HSAs)
• 15:52 Super-funding a 529 Plan
• 22:08 Investing for Midterm Goals
• 26:06 Selecting 401k Funds
• 28:39 Socially Responsible Investing in FI
• 31:09 Incorporating Social Security into FI Plans
• 37:34 Understanding Pensions in Financial Planning
• 39:40 Roth Conversion Strategies Explained
• 42:06 Navigating 457 Plans and Tax Planning
• 45:32 Life Insurance vs. Long Term Care Insurance
• 51:49 Choosing the Right Financial Advisor
• 56:33 Spending in Early Retirement
• 58:25 Overcoming Financial Worries and Emotions
• 01:01:51 Building a Life to Retire To
• 01:04:49 Biggest FI Regrets and Lessons Learned

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This show is for education and entertainment purposes only and should not be considered investment, tax, or legal advice. Please consult the appropriate advisor or advisors before implementing anything you hear on this show or any other show for that matter.

Mark, his guests, and the Mark’s Money Mind show do not endorse Sean Mullaney, Mullaney Financial & Tax, Inc. and their services or Travis Hughes, Downshift Financial and their services.

In this engaging episode recorded live from CampFI Rocky Mountain Week 1, Mark alongside Doug Cunnington and Carl Jensen from the Mile High FI podcast, address audience questions on financial independence ranging from humorous to serious topics.

Featuring special guests Pete Adeney (Mr. Money Mustache), Travis Hughes (of Downshift Financial), and Mindy Jensen (BiggerPockets Money & Mindy on Money podcasts), the panel explores various subjects including financial case studies, Roth conversions, asset allocation, post-FI lifestyle, and real estate vs. index funds.

If you would like your question answered on the show, please send an email to Mark@MarksMoneyMind.com and put “podcast question” in the subject line.

Episode Links:

CampFI

Mile High FI podcast

Pete Adeney - Mr Money Mustache

The Life You Can Save

Die With Zero

Travis Hughes - Downshift Financial

The Fun Bucket - Overcoming the Frugality Mindset

Mindy Jensen - Bigger Pockets Money podcast

Mindy Jensen - Mindy on Money podcast

Sheeks Freaks

Timestamps:

• 00:00 Introduction
• 01:09 Kicking Off with Audience Questions
• 02:12 Asparagus Anecdotes and Embarrassing Moments
• 08:59 Mr. Money Mustache's Financial Insights
• 33:22 Roth Conversion Considerations and Tax Impact
• 35:13 Tax Strategies and Lifetime Planning
• 38:05 Fun and Personal Questions
• 40:37 Asset Allocation and Rebalancing
• 51:05 Real Estate vs. Index Funds
• 59:01 The Evolution of the FI Community

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As an Amazon Associate this show earns income from qualifying purchases. Affiliate links do not increase your costs, and we will only link to products or services that we are familiar with and that we feel may deliver value to you. The modest income received from affiliate links helps support the cost of running and managing this show.

In this episode recorded at CampFI Rocky Mountain, Mark speaks with Emma von Weise about her personal finance journey.

Emma recounts her early interest in money, starting work at age 14, and her strategic approach to college and career decisions. She shares how she was able to minimize college costs by leveraging community college credits and participating in ROTC.

They discuss Emma’s career path to becoming a Certified Financial Planner (CFP). She also provides insights on balancing savings with present-day expenses, including housing, transportation, food, and efficient spending habits.

The episode wraps up with Emma’s recommendations for younger individuals seeking to improve their financial literacy and her involvement in a nonprofit financial mentorship program.

If you would like your question answered on the show, please send an email to Mark@MarksMoneyMind.com and put “podcast question” in the subject line.

Episode Links:

CampFI

EconoMe Conference

Financial Planning Externship

Copilot Money App

Personal Finance Club

Money with Katie podcast

ChooseFI podcast

ChooseFI Financial Independence 101 Course

The Money Guy Show

FinTalks Cruise

Sheeks Freaks

Mindy on Money Scholarship

3rd Decade

Timestamps:

• 00:27 Meeting Emma at Her First CampFI
• 02:21 Emma's Early Financial Independence Journey
• 08:44 College Hacks and Financial Strategies
• 15:28 Navigating College and Career Decisions
• 26:07 Exploring Financial Planning as a Career
• 29:41 CFP Certification Requirements
• 30:45 Housing and Roommates
• 32:15 Transportation Choices
• 34:09 Managing Food Expenses
• 35:27 Tracking and Managing Finances
• 39:11 Saving Strategies and Retirement Accounts
• 45:39 Balancing Saving and Spending
• 48:40 Engaging with Personal Finance Content
• 54:32 Non-Profit Financial Mentorship Program

In this episode Mark introduces the concept of the 'Fun Bucket' as a tool to facilitate guilt-free spending to overcome the psychological challenges of shifting from a saver mindset after reaching Financial Independence.

Additionally, he discusses the utility of Donor-Advised Funds for charitable giving, explaining how they can maximize tax benefits and make charitable contributions easier and more fulfilling. He compares the features of donor-advised funds from Fidelity, Charles Schwab, and Vanguard, highlighting considerations for choosing the right fund.

If you would like your question answered on the show, please send an email to Mark@MarksMoneyMind.com and put “podcast question” in the subject line.

Episode Links:

Early Retirement Now - Safe Withdrawal Rate Series

Mindy on Money podcast

Die with Zero by Bill Perkins

The Fun Bucket - Overcoming the Frugality Mindset

Fidelity Charitable

Schwab Charitable

Vanguard Charitable

Bigger Pockets Money - FIRE by 50

Timestamps:

• 00:27 Overcoming Frugality After Financial Independence
• 01:40 The Concept of the Fun Bucket
• 05:41 Implementing the Fun Bucket
• 08:11 Experiences and Benefits of the Fun Bucket
• 16:50 Introduction to Donor Advised Funds
• 20:11 Setting Up a Donor Advised Fund
• 26:14 Tax Benefits and Strategies for Donor Advised Funds
• 39:06 Conclusion and Final Thoughts

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As an Amazon Associate this show earns income from qualifying purchases. Affiliate links do not increase your costs, and we will only link to products or services that we are familiar with and that we feel may deliver value to you. The modest income received from affiliate links helps support the cost of running and managing this show.

In this episode Mark addresses questions from listeners in a special ‘Monthly Mailbag' show.

He explores Ryan’s suggestion of renaming the middle phase of financial freedom the ‘Mindful Middle.’ Mark also tackles listener questions regarding receiving a lump sum pension or annuity, helping parents with retirement planning, how to use a brokerage account and his favorite retirement planning podcasts.

If you would like your question answered on the show, please send an email to Mark@MarksMoneyMind.com and put “podcast question” in the subject line.

Episode Links:

Phases of Financial Freedom | Episode 015

EverydayFI Podcast - Episode 6 - Ryan B: The Middle Path of FI

Exploring Financial Freedom at CampFI Mid-Atlantic | Episode 014

Yellow Bridge: Nusa Lembongan to Nusa Ceningan

Immediate Annuities website calculator

Open Social Security website calculator

Retirement Podcasts:

The Retirement and IRA Show

Retirement Planning Education

The Retirement Answer Man

Retirement Starts Today Radio

Your Money, Your Wealth

Timestamps:

• 00:29 Introducing Mark's Money Mind Monthly Mailbag
• 00:46 Listener Feedback: The Mindful Middle
• 08:56 Jyothi Asks About a Pension: Lump Sum or Annuity
• 18:55 Brad’s Parental Retirement Scenario
• 34:47 Leslie Suggests an Episode on Brokerage Accounts
• 44:00 A Listener Asks for My Favorite Retirement Podcasts

In this episode Mark discusses a strategy for automating your finances. Using his personal experience, he explains how setting up systems for automatic deposits, payments, and savings can help achieve financial goals and provide for a stress-free financial future.

He delves into the specifics of using a core cash management account and provides a step-by-step automatic cash flow process for both working individuals and retirees. Mark emphasizes the importance of monitoring financial transactions and maintaining a buffer.

If you would like your question answered on the show, please send an email to Mark@MarksMoneyMind.com and put “podcast question” in the subject line.

Episode Links:

Watch this Episode on the YouTube channel

Cash Flow Automation Flowchart - Working

Cash Flow Automation Flowchart - Retired

Fidelity Cash Management Account vs. Schwab Investor Checking

Timestamps:

• 00:27 Automating Your Finances: A Deep Dive
• 01:50 Choosing the Right Cash Management Account
• 02:38 Schwab vs. Fidelity: A Comparison
• 06:39 Setting Up Your Paycheck and Savings
• 13:58 Automating Bill Payments and Credit Cards
• 18:19 Managing Finances in Retirement
• 22:33 Tax Withholding Strategies
• 23:46 Roth Conversions and Tax Planning
• 26:09 Managing Estimated Taxes and Bill Payments
• 35:48 Automating Cashflow in Retirement
• 38:25 Final Thoughts and Recommendations

In this episode, Mark sits down with Kristen Knapp at CampFI Mid Atlantic 2024 to discuss financial independence, in-person FI events, semi-retirement, and travel aspirations.

They delve into Kristen's TV meteorologist career, experiences at various FI events, benefits of the community, and her plans for transitioning to part-time work and potentially living abroad in Spain.

The episode highlights personal stories, practical advice on transitioning to a semi-retired life, and the importance of community support in achieving financial independence.

If you would like your question answered on the show, please send an email to Mark@MarksMoneyMind.com and put “podcast question” in the subject line.

Episode Links:

CampFI

EconoMe Conference

ChooseFI Local Groups

Kristen Cornett, Meteorologist KMOV St Louis

Mr Money Mustache blog

The Simple Path to Wealth by JL Collins

ChooseFI podcast

Rick Steves’ My Way Tours

FinTalks Cruise

FI Freedom Retreat (Bali)

CampFI Presentation July 2022 with Mark & Katie

International Living - Best Places to Retire

Earn & Invest - Three Non-Identical Strangers

Timestamps:

• 00:25 Catching Up with Kristen at CampFI
• 02:34 Kristen's Meteorology Journey
• 06:04 Discovering Financial Independence
• 11:11 Balancing Finances in Relationships
• 16:54 Travel Adventures and Future Plans
• 32:57 Researching Expat Life in Spain
• 37:19 Downsizing, Packing and Moving Challenges
• 42:21 The Power of Community and Events
• 49:21 Hosting and Organizing Events
• 53:22 Conclusion and Contact Information

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As an Amazon Associate this show earns income from qualifying purchases. Affiliate links do not increase your costs, and we will only link to products or services that we are familiar with and that we feel may deliver value to you. The modest income received from affiliate links helps support the cost of running and managing this show.

In this episode Mark discusses three phases of Financial Freedom: Financial Enlightenment, Financial Liberation, and Financial Independence.

Mark shares insights from conversations at recent financial events and episodes of the podcast, emphasizing the importance of financial education, strategic planning, and intentional living.

Listeners will learn about evolving concepts within the FI/RE community, exploring the benefits of 'Coast FI' and 'Slow FI' encouraging a balanced approach to achieving financial independence without sacrificing the present.

The episode wraps up with thoughts on creating meaningful experiences throughout the journey to Financial Independence.

If you would like your question answered on the show, please send an email to Mark@MarksMoneyMind.com and put “podcast question” in the subject line.

Episode Links:

The Simple Path to Wealth by JL Collins

The FIoneers blog post on CoastFI vs SlowFI

Investment Calculator

Taking Stock by Jordan Grumet

I Will Teach You to be Rich by Ramit Sethi

What is the 4% Rule for Withdrawals in Retirement

Early Retirement Now - The Safe Withdrawal Rate Series

Die With Zero by Bill Perkins

The Top Five Regrets of the Dying by Bronnie Ware

Timestamps:

• 00:27 Reflecting on CampFI and Financial Freedom Phases
• 00:56 Phase One: Financial Enlightenment
• 04:29 Phase Two: Financial Liberation
• 08:51 The Boring Middle and Financial Liberation
• 10:59 Finding Your Tribe and Community
• 13:46 Exploring Coast FI and Slow FI
• 19:54 Exploring Barista FI/RE
• 20:53 Value-Based Spending
• 23:43 Understanding the 4% Rule
• 26:06 Lean FI vs. Fat FI
• 31:09 Living a Life of Financial Independence
• 33:14 Creating Memory Dividends
• 35:34 Conclusion and Community Engagement

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As an Amazon Associate this show earns income from qualifying purchases. Affiliate links do not increase your costs, and we will only link to products or services that we are familiar with and that we feel may deliver value to you. The modest income received from affiliate links helps support the cost of running and managing this show.