You can check me out in my first-ever podcast interview with Joel Parker from the Financial Freedom Community at this link here.
Or if you normally listen to podcasts on your smartphone or tablet, then click the app, search Financial Freedom Community, and go to “MoneySmarts 011: Preparing For Retirement with DJ Whiteside (MyMoneyDesign.com)“.
What kind of topics do we cover?
- How I got into this whole personal finance-thing in the first place.
- Where my wife and I are at on our personal path to financial independence, and why I’m not trying to push the date up sooner anymore.
- How using tax-advantaged retirement savings accounts like a 401(k) or IRA can be a good deal – in particular because it lets you save 33% more money then you normally would in a taxable account.
- When and how a Roth-style savings account would be better for you than a traditional one.
- How the Rule of 25 can easily help someone determine how much money they will ultimately need to save up in their nest egg for retirement.
- The HUGE impact leading a frugal life can have on you achieving financial independence, and some examples around the web that prove over and over again that this is possible.
- What the 4 Percent Rule is, how it began, what it actually represents, misconceptions, how it has held up to more recent times, and some alternatives to it (especially useful if you are an early retirement seeker).
- How I use a SEP IRA in addition to my 401(k) and Roth IRA to save even more tax-deferred dollars, and how you might be able to also.
- My opinion for how to prioritize paying down your debts versus your savings goals – considering both the mathematical and psychological impacts. Plus: Why you need to focus on building your emergency fund.
- What you can do to put yourself on the right track for financial freedom.
Again, here’s the link. Please check it out and let me know what you think!
P.S. I had a great time doing this interview! If you run your own podcast and would like to have me on as a guest to talk about early retirement planning (or anything related to achieving financial independence), then please feel free to contact me.
Featured image courtesy of Flickr