Assessing Your FIRE Readiness: Real-World Financial Review

In this episode of Assessing Your FIRE Readiness, Jake Carson and Lily Morgan dive into a comprehensive review of a listener’s financial plan as they approach retirement. Our guest is a 49-year-old with a $4.4 million portfolio, a remaining mortgage, and $145K in annual expenses. We analyze their portfolio mix of 90% stocks and 10% bonds, the potential impact of market downturns, and whether a $20K annual budget for private health insurance in California is realistic. If you’re on the cusp of FIRE and want to gauge your readiness, tune in as we discuss withdrawal strategies, risk management, and fine-tuning your plan to ensure a secure and fulfilling retirement!