FIRE Decumulation Strategy Books/Podcasts/Info

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DrewDogs63
Posts: 22
Joined: Tue Dec 26, 2017 8:19 pm

FIRE Decumulation Strategy Books/Podcasts/Info

Post by DrewDogs63 » Mon Apr 15, 2019 10:10 am

Hello All,

I have put a plan into action where I am saving a high percentage and my portfolio is beginning to grow where I am beginning to think about FIRE and the decumulation phase. I still have a long way to go, but I was looking for a book or information on these Strategies.

Specifically, my tax deferred portion of my portfolio is the largest portion and continues to grow as the largest portion of my portfolio. With my current understanding(or lack of), I don't know of the best strategy for spending/planning for this when/if I retire early. I am also hoping to learn more strategies on Health coverage for those who achieved FIRE.

Does anyone have a good book/podcast/information for me to educate myself on these subjects?

Thank you for your help. This site has provided guidance which I feel has put me on a path to FIRE.

Drew

marcopolo
Posts: 1975
Joined: Sat Dec 03, 2016 10:22 am

Re: FIRE Decumulation Strategy Books/Podcasts/Info

Post by marcopolo » Mon Apr 15, 2019 10:38 am

DrewDogs63 wrote:
Mon Apr 15, 2019 10:10 am
Hello All,

I have put a plan into action where I am saving a high percentage and my portfolio is beginning to grow where I am beginning to think about FIRE and the decumulation phase. I still have a long way to go, but I was looking for a book or information on these Strategies.

Specifically, my tax deferred portion of my portfolio is the largest portion and continues to grow as the largest portion of my portfolio. With my current understanding(or lack of), I don't know of the best strategy for spending/planning for this when/if I retire early. I am also hoping to learn more strategies on Health coverage for those who achieved FIRE.

Does anyone have a good book/podcast/information for me to educate myself on these subjects?

Thank you for your help. This site has provided guidance which I feel has put me on a path to FIRE.

Drew
Lots of resources out there for this. Two I have found helpful in doing comparison between different strategies are:

https://earlyretirementnow.com/2016/12/ ... t-1-intro/

And:
http://livingoffyourmoney.com/
Once in a while you get shown the light, in the strangest of places if you look at it right.

garlandwhizzer
Posts: 2214
Joined: Fri Aug 06, 2010 3:42 pm

Re: FIRE Decumulation Strategy Books/Podcasts/Info

Post by garlandwhizzer » Mon Apr 15, 2019 1:14 pm

I retired early at age 50, 22 years ago, and still now at age 72 I plan to live off my portfolio for another 20 years or more. Increased longevity can pose a real risk to early retirement. It's best for planing purposes to assume that you'll live into 90s because running out of money when you're old and feeble is disastrous. If you're looking at a 40+ year retirement period unless you can fund it entirely with a TIPS ladder, you have to include significant equity into your portfolio. Over multiple decades you need to have a source of real growth in your portfolio. The more equity you choose the better the expected long term portfolio value holds up, but the scarier it gets during bear markets. To pick the right balance of risk and safe assets you have to have a deep knowledge of your inner self based on experience not theory, your ability to tolerate risk/stress in return for an increased level of expected long term gain which in turn translates to an earlier retirement date. My advice is don't retire until you are sure about this and have built in margin of error in your financial planning. If you can fund it all with a TIPS ladder you don't have this concern but with real yields less than zero and perhaps 4+ decades of living expenses to fund, that requires a massive asset base.

Garland Whizzer

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WoodSpinner
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Joined: Mon Feb 27, 2017 1:15 pm

Re: FIRE Decumulation Strategy Books/Podcasts/Info

Post by WoodSpinner » Mon Apr 15, 2019 6:17 pm

The Mr Money Mustache forum is also a good source of information depending on where you are on your FIRE journey.

https://forum.mrmoneymustache.com/index.php

Jon H
Posts: 120
Joined: Sun Jan 21, 2018 2:50 pm

Re: FIRE Decumulation Strategy Books/Podcasts/Info

Post by Jon H » Tue Apr 16, 2019 7:54 pm

Go curry cracker has a blog post about retrieving tax deferred assets tax free. He has been doing this for about 5 years.

https://www.gocurrycracker.com/never-pay-taxes-again/
Consider gain and loss, but never be greedy and everything will be alright (fortune cookie)

Mathew675
Posts: 7
Joined: Fri Mar 10, 2017 9:57 am

Re: FIRE Decumulation Strategy Books/Podcasts/Info

Post by Mathew675 » Tue Apr 16, 2019 8:03 pm

I like the approach by the mad fientist. He has a great article about the Roth IRA pipeline and a wonderful interview with Michael Kitces from his podcast.

https://www.madfientist.com/how-to-acce ... nds-early/

https://www.madfientist.com/michael-kitces-interview/

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