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BiggerPockets Money Podcast

Testing Your Portfolio BEFORE Retirement with Millennial Revolution

BiggerPockets Money Podcast

BiggerPockets

Business, Education, Investing

4.53K Ratings

🗓️ 15 January 2019

⏱️ 44 minutes

🧾️ Download transcript

Summary

A little over halfway into BiggerPockets Money Podcast episode 55, Bryce dropped a bombshell: “We had three years of runway before we actually pulled the trigger.” What he meant is that they tested their portfolio for three years before quitting... Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is the Bigger Pocket's Money Podcast, Bonus episode number 55 and a half,

0:05.0

we bring back millennial revolution to talk about how they tested their portfolio before retiring.

0:10.0

Basically when we were three years out for retirement, we had to start to build a portfolio as if we retired. So 60% equity, 40% fixed income portfolio is kind of our balanced but slightly aggressive portfolio that we built and it's been good for us while we were working and it's still been working for us while we've been retired.

0:31.0

It's time for a new American dream, one that doesn't involve working in a cubicle for 40 years,

0:36.4

barely scraping by. Whether you're looking to get your financial house in order, invest the money

0:40.7

you already have, or discover new paths for wealth creation.

0:44.0

You're in the right place.

0:46.0

This show is for anyone who has money or wants more.

0:49.0

This is the Bigger Pocket's Money Podcast.

0:52.0

How's it going everybody?

0:53.0

I'm Scott Trench and I'm here with my co-host Miss Minnie Jensen.

0:55.0

How you doing today, Mindy?

0:57.0

I'm doing great.

0:58.0

It is a beautiful day and I am super excited for this episode because I hear from a lot of people and I actually have this

1:03.8

own experience with my husband when he was getting ready to retire that they're not

1:07.5

sure they have enough money to quit once they get to their FI number. They suffer from one more year syndrome where they just

1:14.3

keep working for one more year and at the end of that year they keep working for one

1:17.3

more year and on and on. But Christie and Bryce were able to test their early

1:21.8

retirement theory for three years before

1:24.0

pulling the trigger which gave them the confidence to actually go through with it.

1:27.3

Yeah, I mean I think that that's a big a problem for me and how if you're kind of person who thinks like me where hey I've got to figure

1:35.2

out how to maximize the returns maximize the efficiency of my portfolio right well what they're saying basically is let's cut back let's move into that conservative

...

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