Can Elliot Retire Soon? | 9toFI 020 | 9 to FI Podcast

Preparing for Early Retirement: Elliot's Journey and Financial PlanningIn this episode, hosts Elliot and Josh delve into Elliot's financial journey and imminent transition to early retirement. They discuss key aspects that contribute to readiness for retirement, such as setting retirement dates, understanding the 4% rule, evaluating current and projected expenses, and planning for major upcoming costs. Elliot reveals his financial numbers, including savings, investments, and his approach to healthcare expenses. The conversation also touches on psychological aspects of retirement, like avoiding the 'one more year syndrome' and planning for a balanced post-retirement life with personal goals and explorations. They conclude by discussing the emotional and practical steps Elliot is taking as he approaches his retirement target date of March 2027.00:00 Introduction: Can Elliot Retire Yet?00:16 Elliot's Early Retirement Plan03:37 Financial Considerations and Strategies04:03 Discussing the 4% Rule and Withdrawal Rates10:35 Elliot's Financial Snapshot13:02 Planning for the Future: Expenses and Savings33:42 Healthcare and Insurance Plans42:04 Life After Retirement: Goals and Concerns48:24 Conclusion and Final ThoughtsDo you have feedback or suggestions? We want to hear from you!Contact Elliot: [email protected] Josh: [email protected] of these products help the show. Thanks for your support!Mint Mobile - We both use ⁠Mint Mobile⁠ and save a ton on our phone plan: ⁠https://fbuy.me/vgAmz⁠⁠Empower⁠ is Josh’s choice for Net Worth and BudgetingWanna create a podcast? We use ⁠Descript⁠Looking for a new credit card?  We’re big fans of ⁠Chase⁠⁠Buy Us a Coffee⁠ - One time donation or monthly, it’s up to youWant to save money on gas? Try ⁠Upside!⁠Books mentioned in this episode:Come find us and subscribe on YouTube: http://www.youtube.com/@9toFI