Childfree Life by Design
Childfree Life by Design is the podcast for Childfree people ready to forge their own bold paths with intention.
Your hosts, experts in life planning and financial management, have signed your permission slip to think differently about your life, and bring you clear, practical guidance to make your plans a reality.
Each episode breaks down the lifestyle choices, financial decisions, and long-term planning considerations Childfree adults like you need to shake off our culture's outdated assumptions and expectations.
Whether you're refining your financial plan, redefining what family means to you, or reexamining your values, this is your source for the inspiration and tools to finally ditch the Standard LifeScript and write your own.
DISCLOSURE: This podcast is for educational and entertainment purposes. Please consult your advisors before implementing any ideas heard on this podcast. For more information and disclosures, visit https://childfreewealth.com
Childfree Life by Design
Navigating Your "Second Half of Life": FIRE vs. FILE and Accessing Your Money Early, Ep 162
Are you tired of the traditional work-and-retire-at-65 plan? This episode is for you. We're diving into the concepts of FIRE (Financial Independence, Retire Early) and FILE (Financial Independence, Live Early), and exploring how you can break free from the traditional script. Dr. Jay and Bri challenge the idea that retirement is an "on/off switch" and introduce the "dimmer switch" approach of FILE, which allows you to design a life you love now, rather than waiting for a distant retirement.
Timestamps
🔹 0:48 - When can I retire vs. do you want to retire?
🔹 2:28 - Are you a FIRE or FILE person?
🔹 3:33 - Dr. Jay's "mental chew toy"
🔹 5:39 - The importance of planning for what you’ll do with your time
🔹 6:40 - The "Purpose Code" and living with lowercase "p" purpose
🔹 11:53 - The difficulty of giving up a specific career path
🔹 14:49 - Overcoming self-limiting beliefs
🔹 15:49 - Why age is the least important factor in retirement
🔹 18:24 - The debate: Are you ready to make a change?
🔹 19:13 - What brings you joy?
🔹 25:23 - Accessing your retirement money before 59½
🔹 28:37 - The rule of 55
🔹 32:17 - The rule of 72t, or SEPP
🔹 34:05 - Accessing Roth IRA contributions penalty-free
🔹 35:48 - Inherited IRAs
🔹 37:53 - 401k loans: The good, the bad, and the ugly
🔹 45:36 - Health insurance options for early retirees
Mentioned in this episode:
🔹 Andy & Libbi Financial Planning Sessions
1️⃣ https://www.buzzsprout.com/2002436/episodes/16367564
2️⃣ https://www.buzzsprout.com/2002436/episodes/16367713
3️⃣ https://www.buzzsprout.com/2002436/episodes/16368047
4️⃣ https://www.buzzsprout.com/2002436/episodes/16962286
5️⃣ https://www.buzzsprout.com/2002436/episodes/17411168
🔹 Finding Purpose Beyond Financial Independence with Doc G, Ep 120 https://www.buzzsprout.com/2002436/episodes/16367437
🔹 The Purpose Code by Jordan Grummet, MD
About Childfree Life by Design:
Childfree Life By Design is dedicated to helping Childfree individuals thrive by providing resources, guidance, and community. We recognize that when you've made a decision roughly 75% of the population doesn't make, conventional wisdom simply doesn't apply to you. Our mission is to help you design a life that works for you, covering everything from finances and relationships to career decisions and building support networks that will actually be there when you need them.
Connect with Us:
Ready to design your ideal Childfree life? Connect with our financial planning team at childfreewealth.com or learn more about estate planning at childfreetrust.com
Join the conversation on social media:
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Facebook: https://www.facebook.com/ChildfreeInsights/
LinkedIn: https://www.linkedin.com/company/childfreeinsights
YouTube: https://www.youtube.com/@ChildfreeInsights
Disclaimer: This podcast is for educational & entertainment purposes. Please consult your advisor before implementing any ideas heard on this podcast...
