How To Successfully Retire at 41 with Chris Mamula- 153

Your Money, Your Wealth

Realestate, Income, Investing, Personalfinance, 401k, Rothconversion, Retirement, Education, Taxes, Socialsecurity, Personalfinances, Finance, Retirementplanning, Investments, Stocks, Business, Roth, Fiduciary, Ira

2.3 • 681 Ratings

🗓️ 11 February 2018

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Chris Mamula retired early - at age 41! He now blogs about his experiences at CanIRetireYet.com. How did he do it, after making a decade of retirement planning mistakes? Plus 5 Things to Consider Before Tapping Your Retirement Accounts, and the good, the bad and the ugly of the popular "guaranteed income" products known as annuities. But first, the fellas have a bone to pick with CNN Money about the confusing new business tax deduction.

Transcript

Click on a timestamp to play from that location

0:00.0	A woman helping thousands of people pay off thousands in debt right from their smartphones.
0:05.0	A man helping young entrepreneurs make their dreams come true.
0:08.0	And a woman studying the retirement readiness of Americans and helping them to retire better.
0:13.0	It's all coming up on future episodes of Your Money, Your Wealth.
0:17.0	Subscribe to the podcast at Your Money, Your Wealth.com so you won't miss a minute with Ted Jenkins, Catherine Collinson, and Jackie Beck.
0:24.7	New episodes of Your Money, Your Wealth will download right to your device like magic for you to listen to whenever you want.
0:31.4	While you're at Your Money Your Wealth.com, catch up on anything you might have missed, like our recent interview with cryptocurrency expert, Amanda B. Johnson. And if you don't have time to listen, transcripts are available for every
0:42.1	podcast in the last year. And my fingers are really tired from all that typing. So check it out
0:47.5	at your money, your wealth.com. You have to know what you spend so you know what you need to
0:53.3	support yourself forever.
0:54.7	We weren't very serious the first decade of our career.
0:57.3	It was just really this last five, six years that we got serious.
0:59.7	When we started tracking our spending, I mean, it was eye-opening.
1:02.3	We always saved a high percentage.
1:03.4	We always lived basically off of one of our salaries and saved the other was what our method was from day one.
1:08.6	So we were saving about 50% after tax.
1:11.0	But we knew nothing about investing.
1:13.0	We knew nothing about tax planning.
1:14.5	So we were making massive mistakes, actually, for the first whole decade.
1:17.5	That's Chris Mamula, who retired at the age of 41 and now blogs about his experiences at can I retire yet.com.
1:24.4	How did he do it after making a decade of retirement planning mistakes?
1:28.3	He'll tell us his secrets today on your money, your wealth.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Your Money, Your Wealth, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Your Money, Your Wealth and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.