Summary: In this podcast we have a far-ranging conversation with Fritz from the Retirement Manifesto about retirement drawdown strategies, his 'buckets' system, and his upcoming retirement.<br> <br> In Today’s Podcast we cover:<br> <br> * Retirement drawdown strategies with Fritz from Retirement Manifesto<br> * How Fritz focuses on what life is about after retirement such as how you’re going to spend your time<br> * Fritz is 9 months away from retirement himself<br> * A background on his story in corporate America and his path to FI and early retirement<br> * The difference in perspectives between retirement dates and savings rates between the FI community and the population at large<br> * What would Fritz’s path have looked like if he found the FI community decades earlier<br> * Fritz stayed with the same company for 32 years and has a traditional pension<br> * Where did his interest in retirement spreadsheets and the blog come from?<br> * How writing a blog helps develop and formalize your own thoughts and plans<br> * What to consider when building your own retirement drawdown strategy<br> * The Three Bucket Strategy for retirement drawdowns and how Fritz separates his own holdings by these buckets<br> * What a simplification strategy looks like and how to avoid taxation with this simplification<br> * How you can create a net neutral taxable position by specifically identifying losses and gains to sell when trying to simplify<br> * How Fritz plans to use Roth conversions while he is in a zero-income position for a 2 year period and pay $0 in tax on the conversions<br> * Explanation of the Mega Backdoor Roth and how Fritz is utilizing it<br> * The equity to bond split that Fritz uses plus how to consider asset allocation and risk<br> * Why does Fritz use a 60/40 Stock to Bon split when he has a pension and social security coming?<br> * Why Fritz believes you shouldn’t take more risk than you have to<br> * Fritz’s thoughts on delaying a pension and social security to get a guaranteed return<br> * A hypothetical early retiree example and how Fritz would think through this example and advise them<br> * The uncertainty of health care in early retirement<br> * How they can track their annual spending by putting money into “Bucket 1”<br> * What annual tasks do they do with a ‘year in review’?<br> * The variable approach to withdrawal rates and flexibility<br> * The value of protecting your Roth accounts to let them grow as long as possible<br> * Life insurance policy discussion<br> * The flexibility to take fun seasonal jobs if you wanted an adventure<br> * Health Insurance and long-term care insurance discussion<br> * Hot Seat Questions<br> <br> Links from the show:<br> <br> * <a href="http://www.theretirementmanifesto.com/" target="_blank" rel="noopener">Retirement Manifesto</a><br> <br> * <a href="https://twitter.com/RetireManifesto" target="_blank" rel="noopener">Retirement Manifesto on Twitter</a><br> <br> <br> * <a href="http://www.theretirementmanifesto.com/our-retirement-investment-drawdown-strategy/" target="_blank" rel="noopener">Retirement Drawdown Strategy chain with 20+ other bloggers</a><br> * <a href="http://www.choosefi.com/pc" target="_blank" rel="noopener">Personal Capital (affiliate)</a><br> * <a href="https://earlyretirementnow.com/" target="_blank" rel="noopener">Early Retirement Now</a><br> * <a href="http://www.madfientist.com/after-tax-contributions/" target="_blank" rel="noopener">Mega Backdoor Roth article at the Mad Fientist</a><br> * <a href="http://freedomisgroovy.com/" target="_blank" rel="noopener">Freedom is Groovy</a><br> * <a href="http://jlcollinsnh.com/stock-series/" target="_blank" rel="noopener">The Stock Series at JL Collins NH</a><br> * <a href="https://www.playingwithfire."></a>
