Mark's Money Mind

In this episode Mark delves into his personal approach to post-retirement asset allocation, expanding on a discussion from his appearance on the BiggerPockets Money podcast. Mark shares his journey from a 100% equities portfolio during his accumulation years to his current 80% equity and 20% fixed income allocation. 

He explains the rationale behind this transition, influenced by various strategies and personal research, while emphasizing the importance of understanding one's risk tolerance and risk capacity. Mark also explores the different components of his portfolio, including his preference for ETFs and the usage of short-term treasuries. 

This episode aims to pr...

Mark shares insights on achieving financial independence and preparing the next generation for financial freedom. Returning from his trip to French Polynesia and Hawaii, Mark delves into strategies for setting up children and the next generation for financial success using Roth IRAs, 529 plans and custodial accounts. 

He also answers a listener's question about whether to contribute to a Traditional 401k, Roth 401k or Roth IRA. The episode concludes with Mark reflecting on Warren Buffett's retirement and the power of compounding growth.

If you would like your question answered on the show, please send an email t...

In this episode Mark discusses recent market volatility triggered by the administration’s tariff implementation and subsequent policy reversal, detailing a sharp drop and rebound in stock values. 

Mark explains bear markets and corrections, referencing historical data on market crashes included in a recent Morningstar article. Key insights from Warren Buffet and the late Charlie Munger emphasize staying rational and adhering to a well-defined investment policy. 

Mark talks about possible strategies during market declines, such as rebalancing portfolios or considering Roth conversions, and stresses the importance of emotional control in long-term investing. 

The episo...

In this episode Mark discusses the importance of understanding market valuation to navigate the current financial landscape. Mark explains the differences between being a shareholder and a bondholder and dives deep into the concept of the Price to Earnings (PE) ratio and its significance in evaluating stocks. 

He explains how to calculate the PE ratio of the S&P 500 Index and compares it historically. Mark also introduces the cyclically adjusted PE ratio (CAPE ratio) to account for market fluctuations and discusses the Earnings Yield compared to the 10-year Treasury yield. 

He provides insights into various va...

In this episode Mark discusses the pros and cons of paying off a low-interest mortgage with Doug Cunnington from the Mile High FI podcast. They address a listener's question about whether to pay off a 2.5% mortgage or invest the money elsewhere. 

The discussion includes various approaches, potential returns, and risk mitigation strategies. Mark and Doug also delve into scenarios related to market volatility, financial flexibility, and the psychological impact of mortgage debt. 

If you would like your question answered on the show, please send an email to Mark@MarksMoneyMind.com and put “podcast question” in the su...

In this episode, Mark co-hosts an episode of the Mile High FI podcast with Doug Cunnington where they explore the concept of loosening the purse strings in 2024. Recorded at Doug Cunnington's Basement Studio in Longmont, Colorado, the conversation delves into overcoming frugal habits within the financial independence community. 

They discuss personal experiences, like Doug's indulgence in guitars, e-bikes, and travel as well as Mark's big-ticket purchases including cruises, a new car and house. 

The episode offers insight into balancing financial prudence with enjoying the fruits of financial success, featuring practical tips and personal anecdotes to in...

In this episode Mark discusses the crucial role of an Investment Policy Statement (IPS) in guiding investment decisions and maintaining a long-term perspective during market volatility. 

He references a detailed article from the Bogleheads and explains the benefits of an IPS, including setting investment goals, asset allocation, risk tolerance, and rebalancing strategies. Mark also shares his personal Investment Policy Statement and emphasizes the importance of creating and adjusting it during calm market periods. 

Listeners are encouraged to create or refine their IPS to achieve financial success.

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In this episode Mark shares his approach to starting the new year with a solid personal financial plan. He covers how to reflect on the past year's financial activities, organize income and expenses, and prepare a comprehensive one-page financial plan for the upcoming year. 

Topics include tracking income and expenses, calculating net worth, preparing for tax season, optimizing health insurance subsidies, and setting savings goals. Mark offers practical tips and tools for both retirees and those still earning income, emphasizing the importance of aligning spending with personal values and automating savings.

If you would like y...

In this episode of Mark's Money Mind, host Mark Trautman broadcasts from the FI Freedom Retreat in Bali co-hosting this ChooseFI podcast with Brad Barrett. They share their personal journeys and interview participants about their financial independence experiences. 

Mark and Brad discuss the challenges and triumphs of the FI community. Special guests like Sean discuss negotiating sabbaticals, Christine talks about managing a business from afar, and Susanna shares her journey to early retirement. 

The episode emphasizes the power of community, personal growth, and the transformative impact of attending FI events.

If you would li...

In this heartfelt episode Mark broadcasts from the Bass Strait off the coast of Australia delving into reflections on life's ups and downs while sailing the rough seas. Mark shares his personal Thanksgiving reflections and discusses the importance of gratitude and giving back. 

Highlighting the efforts of the PKP Community Center for disadvantaged women and children in Indonesia, he explores ways to make impactful donations. Mark also shares personal anecdotes from his travels, including a meaningful penguin parade on Phillip Island. 

The episode encourages listeners to reflect on their own lives and consider ways to co...

In this episode Mark broadcasts from the cruise ship Silver Nova off the coast of Australia. 

Mark addresses the critical steps to take if you or someone you know is laid off. Topics include understanding severance packages, health insurance options like COBRA, applying for unemployment benefits, managing emergency funds, consolidating retirement accounts, and reassessing financial priorities. 

Mark emphasizes focusing on controllable aspects and maintaining a positive outlook during such transitional periods.

If you would like your question answered on the show, please send an email to Mark@MarksMoneyMind.com and put “podcast question” in the...

This episode takes place at the FI Freedom Retreat in Bali, Indonesia. Speakers Alan & Katie Donegan and Rachel Richards (Money Honey Rachel) share insights aligning personal identity with life vision. 

Discussions include the impact of self-perception on achieving goals, the benefits of financial freedom during life's challenges, and practical exercises to align one's identity with desired life outcomes. 

The episode encourages listeners to explore their identity, envision their ideal futures, and seek personal growth for a fulfilling financially independent life.

If you would like your question answered on the show, please send an em...

In this week's episode Mark broadcasts from Bali, Indonesia, sharing his travel experiences and providing a comprehensive guide on organizing international trips both financially and logistically. 

He discusses using platforms like Booking.com for lodgings, redeeming points for flights and accommodations, and the benefits of eSIMs for cell phone usage. Mark also covers the importance of VPNs, Apple Pay for secure transactions, forwarding calls to Google Voice, and effective methods to manage jet lag using the Timeshifter app. 

Whether you're planning a trip to Indonesia or any international destination, Mark's insights on travel tips and fi...

In this episode Mark broadcasts one last time from Crested Butte, Colorado, before embarking on a two-month journey to Bali, Singapore, Australia, and New Zealand. This episode focuses on essential aspects of estate planning, such as the importance of wills, powers of attorney, healthcare directives and possibly a trust. 

Mark shares personal experiences, including updating his estate plan after significant life events, and offers valuable insights into managing estates and guardianship. Real-life examples highlight the severe consequences of inadequate estate planning. 

Additionally, Mark answers a listener question regarding calculating savings rates.

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In this episode of Mark dives into the ‘Fun Bucket' strategy with Kevin Sebesta, exploring how retirees can transition from a saving to a spending mindset. Originally discussed on the Forget About Money podcast hosted by David Baughier, the concept involves allocating funds specifically for enjoyable activities to facilitate guilt-free spending. 

The episode covers practical steps to implement the Fun Bucket, balancing financial security with personal enjoyment, and the long-term benefits of investing in experiences that create lasting memories. Discussions include managing retirement assets, planning for different life stages, and navigating generational wealth. 

Listeners receive valu...

In this episode Mark responds to a listener's email about how to teach financial literacy to high school students and children. Mark emphasizes the importance of simplifying finance concepts, highlighting his motto: 'Make Some, Save and Invest, Live on the Rest.' 

He recounts personal stories to illustrate industriousness, saving, investing, and conscious spending as vital components of financial freedom. He also encourages involving children in financial conversations and shares recommended reading for financial literacy.

If you would like your question answered on the show, please send an email to Mark@MarksMoneyMind.com and put “pod...

In this episode, Mark and special guest Kevin Sebesta discuss retirement planning strategies after attending a Rock Retirement Club event in Grapevine, Texas. 

The discussion emphasizes the concept of secure retirement income as an alternative to the 4% rule commonly discussed in the FI/RE (Financial Independence/Retire Early) community. 

Key topics include the importance of secure income sources like social security, pensions, and annuities to cover essential retirement costs, the nuances between different retirement strategies such as total return portfolios and guardrails, and the personal decision-making process around when to claim social security. 

The...

In this episode Mark delves into the recent decision by the Federal Reserve to lower interest rates by 50 basis points. Mark discusses the broader implications these changes could have on the economy, inflation, and various interest rates. 

From the complexities of the yield curve to what it means for savings accounts and mortgage rates, Mark offers a comprehensive breakdown to help listeners understand these financial dynamics. 

If you would like your question answered on the show, please send an email to Mark@MarksMoneyMind.com and put “podcast question” in the subject line.

Episode Links...

Mark hosts this week’s episode from Crested Butte, Colorado, discussing his recent travels, moving preparations, and the intricacies of tax planning. 

After a brief hiatus due to a European trip, Mark shares personal stories and financial wisdom, touching on the importance of annual tax planning, the complexities of selling a home, and strategies to optimize tax deductions and avoiding estimated tax penalties. 

He also offers a glimpse into his upcoming travels and the potential impact on future episode releases.

If you would like your question answered on the show, please send an emai...

In this unique episode Mark records from a cruise ship while reflecting on his memorable experiences from his trip to Santorini 38 years ago and again today.

He shares the concept of 'memory dividends,' how revisiting significant moments can create compounded joy, and how his daughter and friends are now part of these treasured memories. Mark also recounts some humorous and thrilling anecdotes from his original trip. 

He also shares clever money-related joke to emphasize creative financial thinking. Tune in to explore the idea of investing in experiences for lasting happiness.

Timestamps:

This episode delves into 'The Big Purge,' detailing Mark's journey of downsizing and decluttering his possessions. He reflects on how excess stuff can weigh you down and shares strategies and inspirations for letting go, including insightful recommendations from minimalist influencers.

Mark also recounts his own practical experiences and emotional challenges with decluttering. Learn about the benefits of minimizing your stuff, how to manage a big move on your own, and the positive impact of purging possessions.

If you would like your question answered on the show, please send an email to Mark@MarksMoneyMind.com...

In this episode Mark is joined by his daughter Katie and her good friend Jessica to discuss the intricacies of first-time home buying. They delve into the current housing market, the advantages and disadvantages of renting versus buying, and personal anecdotes about homeownership. 

Jessica shares her journey as a recent college graduate contemplating buying her first home, and exploring concepts such as house hacking, renovations and rental property options.

This episode aims to educate listeners on making informed, financially sound decisions in the complex world of real estate.

If you would like your q...

In this episode Mark updates listeners on his personal housing situation and discusses the recent challenge accessing his Charles Schwab account amid market volatility and emphasizes the importance of understanding market volatility. 

He discusses a recent Wall Street Journal article and Vanguard research highlighting common mistakes that cost retirement savers billions. Mark further explores IRA rollover rules under the SECURE Act and clarifies the complexities around required minimum distributions for inherited IRAs.

Episode Links:

Mark’s Money Mind YouTube Channel

The Simple Path to Wealth by JL Collins

A Gui...

In this episode Mark shares personal news about selling his home and planning a move to Longmont, Colorado, the epicenter of the FI/RE community. 

He responds to listener emails covering financial questions, including the order of contributions to Roth vs. Traditional retirement accounts, the benefits of various life insurance policies, and how to approach employee benefits enrollment. 

If you would like your question answered on the show, please send an email to Mark@MarksMoneyMind.com and put “podcast question” in the subject line.

Episode Links:

Mark’s Money Mind YouTube Channel<...

Join host Mark Trautman and co-host Kevin Sebesta for a special live recording from CampFI Rocky Mountain Week 2 in Colorado Springs. 

Explore attendee questions on taxes, investing, retirement and financial independence with insights from Sean Mullaney, the FI Tax Guy, and Travis Hughes of Downshift Financial.

If you would like your question answered on the show, please send an email to Mark@MarksMoneyMind.com and put “podcast question” in the subject line.

Episode Links:

Mark’s Money Mind YouTube channel

CampFI

Kevin Sebesta - Life in FIRE

S...

In this engaging episode recorded live from CampFI Rocky Mountain Week 1, Mark alongside Doug Cunnington and Carl Jensen from the Mile High FI podcast, address audience questions on financial independence ranging from humorous to serious topics. 

Featuring special guests Pete Adeney (Mr. Money Mustache), Travis Hughes (of Downshift Financial), and Mindy Jensen (BiggerPockets Money & Mindy on Money podcasts), the panel explores various subjects including financial case studies, Roth conversions, asset allocation, post-FI lifestyle, and real estate vs. index funds. 

If you would like your question answered on the show, please send an email to Mark@Ma...

In this episode recorded at CampFI Rocky Mountain, Mark speaks with Emma von Weise about her personal finance journey. 

Emma recounts her early interest in money, starting work at age 14, and her strategic approach to college and career decisions. She shares how she was able to minimize college costs by leveraging community college credits and participating in ROTC. 

They discuss Emma’s career path to becoming a Certified Financial Planner (CFP). She also provides insights on balancing savings with present-day expenses, including housing, transportation, food, and efficient spending habits. 

The episode wraps up with...

In this episode Mark introduces the concept of the 'Fun Bucket' as a tool to facilitate guilt-free spending to overcome the psychological challenges of shifting from a saver mindset after reaching Financial Independence. 

Additionally, he discusses the utility of Donor-Advised Funds for charitable giving, explaining how they can maximize tax benefits and make charitable contributions easier and more fulfilling. He compares the features of donor-advised funds from Fidelity, Charles Schwab, and Vanguard, highlighting considerations for choosing the right fund. 

If you would like your question answered on the show, please send an email to Mark@Ma...

In this episode Mark addresses questions from listeners in a special ‘Monthly Mailbag' show. 

He explores Ryan’s suggestion of renaming the middle phase of financial freedom the ‘Mindful Middle.’ Mark also tackles listener questions regarding receiving a lump sum pension or annuity, helping parents with retirement planning, how to use a brokerage account and his favorite retirement planning podcasts.

If you would like your question answered on the show, please send an email to Mark@MarksMoneyMind.com and put “podcast question” in the subject line.

Episode Links:

Phases of Financial Freedom | Epi...

In this episode Mark discusses a strategy for automating your finances. Using his personal experience, he explains how setting up systems for automatic deposits, payments, and savings can help achieve financial goals and provide for a stress-free financial future. 

He delves into the specifics of using a core cash management account and provides a step-by-step automatic cash flow process for both working individuals and retirees. Mark emphasizes the importance of monitoring financial transactions and maintaining a buffer. 

If you would like your question answered on the show, please send an email to Mark@MarksMoneyMind.com an...

In this episode, Mark sits down with Kristen Knapp at CampFI Mid Atlantic 2024 to discuss financial independence, in-person FI events, semi-retirement, and travel aspirations. 

They delve into Kristen's TV meteorologist career, experiences at various FI events, benefits of the community, and her plans for transitioning to part-time work and potentially living abroad in Spain.

The episode highlights personal stories, practical advice on transitioning to a semi-retired life, and the importance of community support in achieving financial independence.

If you would like your question answered on the show, please send an email to Mark@M...

In this episode Mark discusses three phases of Financial Freedom: Financial Enlightenment, Financial Liberation, and Financial Independence. 

Mark shares insights from conversations at recent financial events and episodes of the podcast, emphasizing the importance of financial education, strategic planning, and intentional living.

Listeners will learn about evolving concepts within the FI/RE community, exploring the benefits of 'Coast FI' and 'Slow FI' encouraging a balanced approach to achieving financial independence without sacrificing the present.

The episode wraps up with thoughts on creating meaningful experiences throughout the journey to Financial Independence.

If y...

In this episode, recorded in front of a live audience at CampFI Mid-Atlantic in Virginia, Mark is joined by co-host Megan Combs of the Everyday FI podcast and guests Chris, Samantha, and Keith.

Chris shares his transformative sabbatical in New Zealand, while Samantha recalls her meaningful trip to Southeast Asia, both emphasizing the benefits of slow and mindful paths to Financial Independence. 

The show highlights the importance of community support, the joys and challenges of long-term travel, and the practicality of being a minimalist traveler. Keith also joins in to share his experiences of the n...

In this episode Mark focuses on the important topic of paying off credit card debt, explaining the detrimental effects of carrying high-interest debt and explores strategies for debt repayment. 

He discusses the differences between the snowball and avalanche methods for tackling debt, and emphasizes the importance of paying off credit cards in full every month to avoid escalating interest. Mark also touches on various debt consolidation options and why they might not be the best choice.

If you would like your question answered on the show, please send an email to Mark@MarksMoneyMind.com and p...

In this episode of Mark discusses a Wall Street Journal article titled 'Retiring in the Next Five Years? Avoid These Financial Mistakes', adding his insights on various financial strategies to avoid common pitfalls. 

Key topics include maximizing retirement contributions, analyzing Social Security options, avoiding unnecessary debt, adapting investment strategies with age, managing financial aid to children wisely, and planning for a desired retirement lifestyle. 

Additionally, Mark addresses a listener question about pension planning, offering guidance on when to take a pension, considering survivor benefits, and evaluating the option of a lump sum payout. 

If...

In this episode Mark explores the fundamental concept of compounding, using lessons taught in his financial literacy class, personal anecdotes, and insights from the annual Berkshire Hathaway meeting.

He shares stories of Warren Buffett and Charlie Munger's investment lessons, along with a touching personal story about his grandmother's investment in Coca-Cola stock, illustrating the long-term impact of compounding. 

Mark also explains the mathematical magic behind compounding.

If you would like your question answered on the show, please send an email to me at Mark@MarksMoneyMind.com and put “podcast question” in the subject line...

Mark Trautman, Bill Yount, and Becky Heptig dive into the Secure Retirement Income Process created by the co-host of The Retirement and IRA Show. The conversation contrasts the conventional 4% safe withdrawal rule with this alternative and delves into leveraging Social Security, pensions, and annuities for a steady income stream. 

Highlighted topics include optimizing spending during 'go-go' years, bucket strategies for savings allocation, and creating a 'fun number' to enjoy life while ensuring financial security. The discussion emphasizes the importance of balancing present enjoyment with future savings. 

It aims to guide listeners towards informed decisions for a...

In this episode, Mark delves into financial planning for early retirement, specifically focusing on strategies to access funds before turning 59 1/2 without incurring penalties. Mark shares his personal journey of retiring at 50 and the importance of having a diversified tax strategy across taxable, tax-deferred, and tax-free accounts. 

He introduces concepts such as cash flow projection, the significance of having various account types, and employing strategies like Roth IRAs, Roth conversions, and the rule of 55 to navigate the early retirement financial landscape. 

Additionally, the episode features a discussion on the 72(t) SEPP option with a guest, highlighting re...

In this episode Mark explores the intricacies of using credit card rewards for travel. He emphasizes the importance of paying off credit card balances each month to truly benefit from the rewards.

Mark shares his strategy for maximizing points through various credit cards, including Chase Sapphire Reserve, Capital One Venture X, and American Express Gold Card, detailing how he uses them for different spending categories to optimize rewards. He also mentions the significance of sign-up bonuses, tracking expenditures meticulously, and monitoring annual fees. 

Additionally, Mark provides practical examples from his travel plans, showcasing how to l...

This episode introduces the concept of the financial order of operations, providing a systematic approach to managing personal finances, including prioritizing credit card debt repayment, building an emergency fund, participating in employer retirement plans, and investing in health savings accounts (HSAs), IRAs, brokerage accounts, and 529 plans.

Mark emphasizes the importance of tax diversification and offers thoughts on choosing between Roth and traditional retirement accounts based on one's tax bracket. This episode is a comprehensive guide for beginners and those seeking to optimize their financial strategies.

Send your questions to Mark@MarksMoneyMind.com (put "Podcast Question"...