Dividends, FIWOOT, Pensions and more on today’s episode. Mark Seed joins the boys to discuss his FI Work On Own Terms goals and how he plans to draw down his portfolio using variable rate withdrawal and incorporate expected pensions later in life.
Episode Beverages
Show Notes – Mark Seed from My Own Advisor
- Fi woot (9:20)
- Treating your pension as a bond (11:00)
- TFSA estate and tax planning (21:10)
- Variable percentage withdrawal rate (27:20)
- Coast FI (36:40)
- CPP calculator and MyCRA login (45:50)
- Using a fee-only planner to look at your plan (48:10)
- Book Recommendations (53:43)
- Cash Wedge (57:25)
It was great to chat with you guys over some solid craft pints!
We’ll do it again!
Thanks,
Mark
Thanks for this podcast guys ! I didn’t know about FI Garage podcast but since you received Mark Seed this week, I discovered you! Great content by the way, I’m part of the FIRE movement too ! 🙌💲📈💰 #dividendinvesting Hello from Montreal !! 🍺🍺
This episode has got me examining my blind spots already, which I think is a good thing since I’ve only just learned about FI/RE (I like the Refocus your Energy version). I appreciate you uploading your older content after the technical difficulties, and the update and nameless shout-out which I listened to while driving near the Yukon, NWT border.
For sure, great to have you on the show finally! Cheers
Hi Dividendes and FNB!! Glad you found the show and enjoy our content. Feel free to send us any show ideas or potential guest for us to chat with.
Cheers!!
Right on, we all have blind spots and bias that we don’t realize. I’m still working on getting the older episodes up, but at least I’m into the 2020 episodes now!!! Cheers, MM
Nice episode guys! I liked the pension questions 🙂
Thanks Kathleen! Definitely an area we could all learn more about. Like Mark said, the drawdown plan is much more complicated than the accumulation phase.
Great interview guys. Huge fan of My Own Advisor. Stopped full time work at 56 and yes the draw down plan is a challenge but having several asset classes helps create options. Highly recommend Your Retirement Income Blueprint by Daryl Diamond (2nd Edition) Glad I found your site and looking forward to listening to some more. Cheers till next time.
Thanks Gruff, I totally agree that having several asset classes is important. Ideally things that are negatively correlated, it just seems like most things aren’t these days!! I will have to get a copy of that book. Glad you found the show! Cheers,
Hello guys. And Bye.
neversurrenderboys 😉