Catching Up to FI

Bill Yount & Jackie Cummings Koski
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Catching Up to FI

A mindset, money, and life podcast for late starters catching up to Financial Independence.

  1. Finding the Sweet Spot: Financial Literacy Meets Psychology | Jack Howard From Ally at FinCon | 107

    6 DAYS AGO

    Finding the Sweet Spot: Financial Literacy Meets Psychology | Jack Howard From Ally at FinCon | 107

    Our guest today is Jacqueline (Jack) Howard, head of Money Wellness at Ally Financial, a leading voice in financial health & wellness, and fierce change maker. We are thrilled to bring you this special episode recorded live from FinCon 2024 in Atlanta, GA! It's no secret that we love Ally and talk about them often on the podcast. From the high yield savings accounts to the cool buckets that are perfect for allocating your sinking funds, they're our favorite. But what really blew us away in this interview was Jack's money story and how it led to her incredible work as the face of financial wellness at Ally.  Jack blends personal finance and psychology to help people achieve holistic financial well-being that helps shift their perspective on money. She shares more about Ally's newest community initiative, Money Roots, a free financial education program designed to help people uncover the 'why' behind their money behaviors. Jack also gets vulnerable with us as she shares her own resilient story of the loss of her mother as a young girl and winning her heroic battle against breast cancer. With her giving spirit, she proudly served as chair of the Making Strides Against Breast Cancer of Detroit in 2023 and 2024. Special thanks to LLC Attorney for sponsoring the Podcast booth at FinCon 2024.   🔗Connect with us  Buy CUtFI a coffee  Record a message for CUtFI   Thank you to our sponsor:  DeleteMe: Your personal data is yours again. Hands-free subscription service that removes you from data broker sites. Enter the code Catchingup at checkout to get 20% off    Resources mentioned on the show: 🌐 Ally.com Sign up for free Ally ‘Money Roots’ Virtual Workshop 5 steps to uncover your money story Jack's appearance on the show 'Side Hustlers' (Episode 2) Catching Up to FI Episode: Sinking Funds Are Sexy | Bill Yount & Becky Heptig | 003 Support Jack’s favorite charity: Making Strides Against Breast Cancer of Detroit (Search on 'Jacqueline Howard')   If you enjoyed this episode, please follow the show on your podcast player and leave us a rating or review. This helps others find the show and keeps us creating great content for you!   Disclaimer: Our content is for general education and information purposes only. We are not providing financial, legal, or tax advice. Always do your own research or consult a professional before making important decisions.

    1h 9m
  2. Sequence of Returns Risk: What Every Retiree Needs to Know | Karsten Jeske | 106

    17 NOV

    Sequence of Returns Risk: What Every Retiree Needs to Know | Karsten Jeske | 106

    Karsten Jeske also known as “Big ERN” is the founder and genius behind Early Retirement Now. He writes on all topics related to personal finance but is best known for his comprehensive series on safe withdrawal strategies.  In this episode he dives deep into the intricacies of safe withdrawal rates, sequence of return risk, the importance of market valuations for retirees and the 'one more year' syndrome often discussed in the Financial Independence community. Karsten also shares his personal journey from a modest upbringing in Germany to early retirement in the U.S.   🔗Connect with us  Buy CUtFI a coffee  Record a message for CUtFI   Thank you to our sponsor:  DeleteMe: Your personal data is yours again. Hands-free subscription service that removes you from data broker sites. Enter the code Catchingup at checkout to get 20% off    Resources mentioned on the show: 🌐 Early Retirement Now The Safe Withdrawal Rate Series Ten things the “Makers” of the 4% Rule don’t want you to know (SWR Series Part 26) Karsten on Two Sides of FI YouTube    If you enjoyed this episode, please follow the show on your podcast player and leave us a rating or review. This helps others find the show and keeps us creating great content for you!   Disclaimer: Our content is for general education and information purposes only. We are not providing financial, legal, or tax advice. Always do your own research or consult a professional before making important decisions.

    1h 17m
  3. Space Telescopes, Sunflowers, and Financial Gardening | Jesse Cramer | 105

    10 NOV

    Space Telescopes, Sunflowers, and Financial Gardening | Jesse Cramer | 105

    In this episode, Jesse Cramer discusses the essential considerations for pre and post-retirement planning and the major factors late starters should consider. Jesse is founder of the award winning 'The Best Interest' blog and podcast. He left a career as a mechanical and aerospace engineer to work with clients at a fiduciary, fee-only financial planning firm. Now, he uses those valuable engineering skills to simplify the most complex financial topics into fun explanations for his clients and his audience.    🔗Connect with us  Buy CUtFI a coffee  Record a message for CUtFI   Thank you to our sponsors:  Boomer Benefits: The nation’s leading family-owned Medicare brokers  DeleteMe: Your personal data is yours again. Hands-free subscription service that removes you from data broker sites. Enter the code Catchingup at checkout to get 20% off  Resources mentioned on the show: 🌐 Best Interest Blog Best Interest Podcast Blog Post: The Market Reacts to An Assassination Attempt Blog Post: It’s Not Too Late: 6 Finance Tips for Older Beginners Blog Post:  NVIDIA’s Day in the Sun(flower) Social Security Made Simple | Mike Piper | 054 Open Social Security calculator   Disclaimer: Our content is for general education and information purposes only. We are not providing financial, legal, or tax advice. Always do your own research or consult a professional before making important decisions.

    1h 1m
  4. Tennis and the Stock Market: Winning the Loser's Game | Disha Spath | 104

    3 NOV

    Tennis and the Stock Market: Winning the Loser's Game | Disha Spath | 104

    By day, Dr. Disha Spath is an internist caring for her patient’s physical and mental health.  By night, my she's known as The Frugal Physician and hosts the Finding Financial Freedom podcast. In this episode, Disha shares her personal journey from financial struggles to becoming an advocate for frugality and financial independence. She also discusses the differences between frugal and cheap, the gender wage gap, and strategies to manage income disparities in relationships.  *Trigger warning: There are brief mentions of suicide in this episode.   🔗Connect with us  Buy CUtFI a coffee  Record a message for CUtFI   Thank you to our sponsors:  Boomer Benefits: The nation’s leading family-owned Medicare brokers  DeleteMe: Your personal data is yours again. Hands-free subscription service that removes you from data broker sites. Enter the code Catchingup at checkout to get 20% off    Resources mentioned on the show: (As an Amazon Associate, I earn from qualifying purchases.) 🌐 The Frugal Physician Finding Financial Freedom Podcast SPIVA® U.S. Scorecard, Year-End 2023, S&P Dow Jones Indices  “The Loser’s Game” by Charles D. Ellis, Financial Analysts Journal, Jan/Feb, 1995 “Why Lifestyle Creep is Mostly a Myth” by Nick Maggiulli, Of Dollars And Data, July 23,2024 “She makes $550K a year. Her husband makes $60K.  Here is how it affects her relationship”, July 25, 2024, CNBC   Disclaimer: Our content is for general education and information purposes only. We are not providing financial, legal, or tax advice. Always do your own research or consult a professional before making important decisions.

    1h 8m
  5. Generosity and Smart Spending: A Family Affair | Andy Hill | 103

    27 OCT

    Generosity and Smart Spending: A Family Affair | Andy Hill | 103

    Andy Hill is an award-winning blogger, podcaster, Youtuber and family finance coach. All under the brand of 'Marriage, Kids, and Money’, his primary focus is helping families build wealth and happiness. He shares his inspiring story of going from a $50,000 negative net worth to achieving financial independence and now living his best 'Coast FI' life with his family. Andy also shares how he is creating a meaningful legacy of giving and generosity with his kids.   🔗Connect with us  Buy CUtFI a coffee  Record a message for CUtFI   Thank you to our sponsors:  Boomer Benefits: The nation’s leading family-owned Medicare brokers https://boomerbenefits.com/catchingup/   DeleteMe: Your personal data is yours again. Hands-free subscription service that removes you from data broker sites. Enter the code Catchingup at checkout to get 20% off  http://joindeleteme.com/catchingup   Resources mentioned on the show: (As an Amazon Associate, I earn from qualifying purchases.) 🌐 Marriage, Kids, and Money Website https://www.marriagekidsandmoney.com YouTube https://www.youtube.com/@MarriageKidsandMoney Instagram http://instagram.com/marriagekidsandmoney Podcast https://marriagekidsandmoney.com/podcast-archive/ Coast FIRE Number: What Is It And How To Calculate It https://marriagekidsandmoney.com/coast-fire-number/  Charities for Children: 12 Organizations Giving Kids a Better Chance at Life https://marriagekidsandmoney.com/top-charities-for-children/ An Alternative to 10% Giving for the Modern Family https://marriagekidsandmoney.com/podcast/alternative-to-10-percent-giving/   🕒 Timestamps/Chapters: 00:00 The Financial Wake-Up Call 00:41 Discovering the Debt-Free Movements  02:25 Introduction to Andy Hill 06:18 Andy Hill's Financial Journey 13:37 The House Blunders and Lessons Learned 17:31 The Psychological Benefits of Being Mortgage-Free 28:02 Understanding Coast FI 31:47 Understanding Coast FI 33:16 Personal Journey to Coast FI 33:41 Balancing Work and Life 35:22 Marriage Counseling and Career Shift 38:38 Transition to Financial Coaching 42:40 Generational Wealth and Giving 44:33 Teaching Kids About Money and Generosity 53:17 Family Traditions and Generosity 55:25 Final Thoughts and Reflections   Disclaimer: Our content is for general education and information purposes only. We are not providing financial, legal, or tax advice. Always do your own research or consult a professional before making important decisions.

    1h 6m
  6. Beyond the Alphabet Soup: Expert Tips for Mastering Medicare & Avoiding Pitfalls | Danielle Roberts | 102

    20 OCT

    Beyond the Alphabet Soup: Expert Tips for Mastering Medicare & Avoiding Pitfalls | Danielle Roberts | 102

    This episode explores the intricate and confusing world of Medicare with leading expert Danielle Roberts. Danielle is founding partner at Boomer Benefits, an agency that has helped thousands of ordinary Americans learn and navigate their entry into Medicare since 2005. She's also author of the bestselling book '10 Costly Medicare Mistakes You Can't Afford to Make'. Danielle breaks through the confusion and explains Medicare's history, enrollment rules, Parts A, B, C, and D, and the differences between Medigap and Medicare Advantage plans. Discover the importance of early planning, common pitfalls to avoid, and critical decisions about Medicare coverage.   🔗Connect with us  Buy CUtFI a coffee  Record a message for CUtFI   Thank you to our sponsors: Boomer Benefits: The nation’s leading family-owned Medicare brokers https://boomerbenefits.com/catchingup/  DeleteMe: Your personal data is yours again. Hands-free subscription service that removes you from data broker sites. Enter the code Catchingup at checkout to get 20% off  http://joindeleteme.com/catchingup   Resources mentioned on the show: (As an Amazon Associate, I earn from qualifying purchases.) 🌐 Boomer Benefits Website: https://boomerbenefits.com  Boomer Benefits YouTube Channel:  https://youtube.com/@boomerbenefits Boomer Benefits Facebook Group: https://m.facebook.com/groups/BoomerBenefits/ 📗 10 Costly Medicare Mistakes You Can't Afford to Make: https://amzn.to/3BLdL1b   Catching Up to FI Health Savings Account Episode Part 1, Episode 98:  https://www.youtube.com/watch?v=8vaUH8UfPTQ&t=3629s   Catching Up to FI Health Savings Account Episode Part 2, Episode 99:  https://www.youtube.com/watch?v=36S67X4s4pc&t=8s     🕒 Timestamps/Chapters: 00:00 Introduction to Medicare Planning 00:25 Common Medicare Mistakes 01:28 Welcome to Catching Up to FI 02:04 Shoutouts and Acknowledgements 03:31 Introducing Danielle Roberts 05:31 History and Evolution of Medicare 07:59 Medicare Eligibility and Enrollment 10:55 Understanding Medicare Parts A and B 18:40 Medicare Part D: Drug Coverage 27:24 Medigap Plans Explained 36:56 Medicare Advantage Plans 42:17 Understanding Medigap and Medicare Advantage Plans 44:00 Cost Savings with Medicare Advantage 45:21 Tips for Medicare Advantage Plan Holders 46:57 Using HSA Dollars for Medicare Premiums 50:56 Common Medicare Mistakes to Avoid 01:08:22 The Importance of Reviewing Your Coverage Annually 01:12:19 Final Thoughts and Future of Medicare     Disclaimer: Our content is for general education and information purposes only. We are not providing financial, legal, or tax advice. Always do your own research or consult a professional before making important decisions.

    1h 20m
  7. Wanderlust and Wealth: A Nomadic Guide to FI | Cris Gawlik | 101

    13 OCT

    Wanderlust and Wealth: A Nomadic Guide to FI | Cris Gawlik | 101

    Cris Gawlik sold all her possessions in 2019 to travel the world, and in this episode she shares her fascinating nomadic journey. Learn how she utilizes geo-arbitrage, manages her finances on the go, and maintains strong social connections across the globe. She gives us insights into how she handles banking, health insurance, and taxes while living internationally. This conversation provides a comprehensive guide for those considering a similar path to financial independence. Get inspired by her creative approach to generating income and the community she finds along her adventurous journey.   🔗Connect with us  Buy CUtFI a coffee  Record a message for CUtFI   Thank you to our sponsor: DeleteMe: Your personal data is yours again Hands-free subscription service that removes you from data broker sites. Enter the code Catchingup at checkout to get 20% off:  http://joindeleteme.com/catchingup   Resources mentioned on the show: (As an Amazon Associate, I earn from qualifying purchases.) Website https://christinagawlik.wixsite.com/asuitcaseandasmile   Facebook https://www.facebook.com/asuitcaseandasmile   Linktree https://linktr.ee/ChristinaGawlik   IRS Foreign earned income exclusion https://www.irs.gov/individuals/international-taxpayers/foreign-earned-income-exclusion   🕒 Timestamps/Chapters: 00:00 Why I Chose to Leave the U.S. 00:38 Designing a Life Abroad 02:18 Welcome to Catching Up to FI 03:19 Introducing Dr. Christina Gawlik 04:34 Chris's Nomadic Lifestyle 08:01 Early Life and Influences 13:47 Financial Missteps and Lessons Learned 22:03 Transition to a Nomadic Life 32:31 Building a Business on the Road40:10 Creative Job Hunting Strategies 41:29 Navigating Logistics as a Digital Nomad 41:52 Banking Tips for Global Travelers 46:16 Overcoming Language Barriers 48:16 Health Insurance and Medical Care Abroad 57:48 Handling Taxes as an Expat 59:32 Social Life and Loneliness 01:02:50 Impact of COVID-19 on Nomadic Life 01:06:12 Future Plans and Reflections   Disclaimer: Our content is for general education and information purposes only. We are not providing financial, legal, or tax advice. Always do your own research or consult a professional before making important decisions.

    1h 16m
  8. From Zero to Hero: A Late Starter’s Guide to the Galaxy | Becky Heptig | 100

    6 OCT

    From Zero to Hero: A Late Starter’s Guide to the Galaxy | Becky Heptig | 100

    Subscribe and Watch on YouTube Join host Bill and guest Diana Falck as they explore the intersection of community resilience and getting involved. In the wake of a recent crisis in Western North Carolina and East Tennessee, the duo highlights local relief efforts and community collaboration. Then in this special 100th episode, we get back to the basics with a step-by-step guide for late starters on the path to financial independence. Our guest for this special episode is original Catching Up to FI co-host, Becky Heptig! She joins Bill and Jackie as they share insights and guide you through how to get on track with your finances. They not only share what to do but in what order. It’s hard starting late and feeling like you’ve done everything wrong. The good news is, there is time to catch up and this is the place to start.  🔗Connect with us  Buy CUtFI a coffee  Record a message for CUtFI Thank you to our sponsors: 💵 Abundo Wealth: Advice-Only Financial Planning for Everyone https://www.abundowealth.com ❌ DeleteMe: Your personal data is yours again http://joindeleteme.com/catchingup 🧑🏼‍🏫 Personal Finance Club (Use code CUTOFI to get $30 OFF) PFC courses https://courses.personalfinanceclub.com/?ref=0114d0 or PFC investing course only https://courses.personalfinanceclub.com/courses/build-wealth-by-investing-in-index-funds?ref=0114d0 🍑 Nectarine: Advice-Only Financial Advisors https://hellonectarine.com/r/cutfi (Catching Up to FI will be compensated by Nectarine if you use our affiliate link, which creates an incentive and conflict of interest. We are not current clients or employees of Nectarine.) 🏦 Boston Institute of Finance Personal Growth Track: Enter code catchingup to get 5% off any “Personal Growth Track” course or package http://www.bostonifi.com/personal-growth Resources mentioned on the show: (As an Amazon Associate, I earn from qualifying purchases.) Red Cross: Donate  Episodes: Retiring Before Mom & Dad | Rob Berger | 25 A Hero’s Journey: The Mother of All Case Studies! | Krista and Ed Kim | 97  Enoughness: Your Life or Your Money | Vicki Robin | 95 Doña Quixote, Life Energy, and The Coming of Aging | Vicki Robin | 94  Catch-Up Contributions 📗Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence Shocking Simple Math Behind Early Retirement ~Mr. Money Mustache The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life ~JL Collins Ally High Yield Savings Account (4% as of 10/4/24 + $100 Bonus with direct deposit-by 12/31/22024) Personal Finance Club - example for late starters:  https://www.personalfinanceclub.com/is-it-too-late-to-start-to-investing The Ultimate Investing Checklist: https://www.personalfinanceclub.com/the-ultimate-investing-checklist Ground Rules according to the Money Guys 2/1/24: https://moneyguy.com/article/foo 🕒 Timestamps/Chapters: 00:00 Call to Action: How You Can Help in the Disaster in North Carolina and Tennessee 05:28 Introduction 07:50 Celebrating 100 Episodes with Becky Heptig 10:52 Why People Get a Late Start in Financial Independence 17:16 Disadvantages of a Late Start 25:26 Advantages of a Late Start 38:01 Financial Order of Operations for Late Starters 44:57 Eliminating Debt: The First Step to Financial Freedom 45:57 Big Picture Wealth Building Strategies 47:27 Calculating Your Net Worth and FI Number  49:32 Increasing Income and Reducing Expenses 51:06 Playing Defense: Insurance and Protection 54:51 Offensive Strategies: Emergency Funds and Employer Matches 01:01:35 Investing Wisely: Roth IRAs, HSAs, and More 01:06:15 Risk Tolerance and Rebalancing Your Portfolio 01:10:02 Maximizing Employer Plans and Mid-Range Debts 01:12:55 Hyperaccumulation and Taxable Brokerage Accounts 01:16:06 Prepaying Future Expenses and College Funding 01:22:57 Reevaluating and Automating Your Finan

    1h 28m
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About

A mindset, money, and life podcast for late starters catching up to Financial Independence.

Information

  • Creator
    Bill Yount & Jackie Cummings Koski
  • Years Active
    2023 - 2024
  • Episodes
    108
  • Rating
    Clean
  • Copyright
    © 2024
  • Show Website
    Catching Up to FI

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