289: What's Your Retirement Number? Plus 4 Ways to Spend It Down

Episode 289 of the Invest Like a Boss podcast, hosted by Sam Marks Johnny FD Derek Spartz, titled "289: What's Your Retirement Number? Plus 4 Ways to Spend It Down" was published on February 1, 2024 and runs 73 minutes.

February 1, 2024 ·73m · Invest Like a Boss

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Summary

Sam, Johnny & Derek all got together for this episode - the first will all of us in almost 3 years! Our ILAB Patreons were able to receive this episode one week early plus got video and bonus content - become a Patreon HERE & instantly access that! The topic of retirement, FIRE, 4% rule and the like have come up a lot lately. So we break down 4 different retirement theories for drawing down your funds and each shares what their ideal retirement number is if we had to completely quit working. Discussed: Follow Along With This Episode With the ILAB What's Your Number Reference Guide ILAB 288: Dave Ramsey Personality George Kamel ILAB 287: Jared Dillian on How to Live a Stress Free Financial Life HonestMath.com Where we are: Johnny FD – Jomtien, Thailand / IG @johnnyfdj Sam Marks - Bangkok, Thailand / IG @sammarks12 Derek – Los Angeles, US / IG @DerekRadio Sponsor: ILAB PatreonJoin the Invest Like a Boss Patreon now and get tons of bonus content, including additional episodes, full quarterly updates including account screenshots and more for as low as $5/month at Patreon.com/InvestLikeaBoss Time Stamp: 00:20 - Sam/Johnny/Derek Intro 03:15 - Dave Ramsey 4% Rant 12:41 - $500K-$20M Retirement Income Breakdowns 32:00 - Jared Dillian's Rant on Consumption Being Good 50:09 - Why Millions May Not Go As Far As You Think If you enjoyed this episode, do us a favor and share it! If you haven't already, please take a minute to leave us a 5-star review on Apple Podcasts and Spotify. Copyright 2024. All rights reserved. Read our disclaimer here.

Episode Description

Sam, Johnny & Derek all got together for this episode - the first will all of us in almost 3 years! Our ILAB Patreons were able to receive this episode one week early plus got video and bonus content - become a Patreon HERE & instantly access that! The topic of retirement, FIRE, 4% rule and the like have come up a lot lately. So we break down 4 different retirement theories for drawing down your funds and each shares what their ideal retirement number is if we had to completely quit working. Discussed:

Where we are:

Johnny FD – Jomtien, Thailand / IG @johnnyfdj
Sam Marks - Bangkok, Thailand / IG @sammarks12
Derek – Los Angeles, US / IG @DerekRadio

Sponsor:

ILAB Patreon
Join the Invest Like a Boss Patreon now and get tons of bonus content, including additional episodes, full quarterly updates including account screenshots and more for as low as $5/month at Patreon.com/InvestLikeaBoss

Time Stamp:

00:20 - Sam/Johnny/Derek Intro
03:15 - Dave Ramsey 4% Rant
12:41 - $500K-$20M Retirement Income Breakdowns
32:00 - Jared Dillian's Rant on Consumption Being Good
50:09 - Why Millions May Not Go As Far As You Think

If you enjoyed this episode, do us a favor and share it! If you haven't already, please take a minute to leave us a 5-star review on Apple Podcasts and Spotify.

Copyright 2024. All rights reserved. Read our disclaimer here.

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