SB RWD 58 - Can I Retire Yet? (with Darrow Kirkpatrick)

The Stacking Benjamins Show

Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP

Personal Finance, Financial Planning, Education, Retirement, Investing, Cfp, Business, Money

4.4 • 2K Ratings

🗓️ 26 April 2017

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Fintern brings another great episode today featuring Darrow Kirkpatrick giving plenty of advice on retirement.

Here's the original description:

Can you retire yet? Our friend Darrow Kirkpatrick not only can help you answer that question, but he’s coming down to the basement to share TESTED early retirement strategies, such as the role of annuities, setting up your investments, insurance decisions, surprises in retirement, and more.

AND because we’re kicking off a fresh eight weeks of shows, of course, there’s much more. We discuss the five most important years of your financial life, a new US Government measure of financial health AND the cost of the world’s largest yacht. Albert calls us on the Quotacy hotline to ask how he should switch careers toward becoming a financial advisor and Jason writes us about Roth IRAs.

We have all of that AND still more on today’s podcast!

Thanks to MagnifyMoney.com and SoFi for sponsoring our podcast.

This episode originally aired on Jun 6, 2016.

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Transcript

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0:00.0	Free recorded from Joe's mom's basement, welcome to a Wednesday Rewind episode of the Stacking Benjamin Show.
0:09.5	Hey everyone, I'm Griffin the intern, but as the guys in my synchronized swim team call me, the Fintern.
0:14.9	I'm holding down the fort today while Joe and OG are in the front yard trying to fly a kite.
0:18.8	They were particularly annoying this morning, so Joe's mom finally told them to go fly a kite, and, well, there you have it. But somehow, these guys cobbled together this great episode on January 30th, 2015. It features Darrow Kirkpatrick, a guy who retired at age 50, and now blogs about it at can I retire yet.com. He's talking about retirement calculators and which
0:38.3	ones are the best on this episode. While some of them have changed a little, the discussion
0:42.2	about what to look for in a good online calculator is still important today. As always, there's
0:46.4	plenty more in this episode, too. So, if retirement calculators aren't your thing, you'll still
0:50.8	find plenty to like. And as with all the rewind episodes, remember to ignore
0:54.9	anything you hear about giveaways or investment advice, because this episode was originally
0:58.7	released over two years ago. Finn Turn out. Looks like you've been missing a lot of work lately.
1:06.4	I wouldn't say I've been missing it, Bob.
1:25.6	Right back in high school when I used calculators for was to spell hello upside down and amaze all your friends.
1:27.2	Now financial calculators are all over the web.
1:29.5	How come we can't find a good one?
1:32.1	Our guest today, Darrell Kirkpatrick from can I retire yet.com.
1:36.5	surveyed a bunch of online calculators and he's going to share his results today.
1:45.0	Live from my parents, half-finished basement, it's the short stack, a smaller show that features a single interview with a stacking Benjamin's guest who had an idea so good.
1:54.3	Mom wanted us to give it a special show all its own.
1:57.9	This is episode 162-R. What's that R stand for? It's retirement. How can you retire without
2:05.4	doing a little math, huh? I'm amazed still when I tell people that retirement is this easy
2:10.2	calculation. Here it is X savings times Y return equals your goal. Not that tough.
2:18.8	And a lot of people haven't thought of it that way.
	...

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