In this live recorded episode Mark and co-host Kevin Sebesta welcome a variety of guests from CampFI Rocky Mountain Week 3 in Colorado Springs.

The show begins with an engaging conversation with Scott, a physician assistant, and his daughter Zoe, who share their journey towards Financial Independence (FI) and the life experiences that shaped their financial decisions.

The episode also features Lauren, a former federal employee who discusses her career transition and personal growth journey. Key themes include the value of early financial education, the significance of sabbaticals, and the power of community in achieving financial goals. Lauren emphasizes living intentionally, exploring new opportunities, and overcoming fears, all while navigating the path to financial freedom.

Episode Links:

Mark’s Money Mind YouTube Channel

CampFI

Timestamps:

• 00:29 Live from CampFI: Meet the Hosts
• 01:46 Scott's Journey to Financial Independence
• 09:40 Zoe's Perspective on Financial Education
• 16:24 Zoe's Gap Year Adventure
• 20:09 Reflections and Future Plans
• 22:36 Introducing Lauren: A Journey to Financial Independence
• 23:04 Lauren's Background and Early Financial Challenges
• 24:10 Discovering the FI/RE Movement and Paying Off Student Loans
• 26:14 Finding Community and Support at CampFI
• 27:03 The Impact of a Case Study and Seeking Permission
• 30:05 Major Life Changes and Career Decisions
• 34:08 Embracing New Opportunities and Personal Growth
• 38:50 Overcoming Fear and Trying New Things
• 44:37 Long-Term Vision and Future Plans

In this episode Mark is joined by tax expert Sean Mullaney, CPA live from CampFI in Colorado Springs. They dive into the recent changes brought by the new tax legislation, the One Big Beautiful Bill Act (OBBBA), signed into law on July 4th.

Key topics include permanent tax rates, increased standard deductions, higher child tax credit, new personal exemptions for seniors, potential future tax adjustments, and expanded eligibility for HSA contributions under ACA plans.

They also discuss strategic tax planning for early retirees and Sean’s upcoming book on tax planning co-authored with Cody Garrett, CFP®.

Episode Links:

Mark’s Money Mind YouTube Channel

FI Tax Guy blog

Sean Mullaney YouTube channel

U.S. Code § 36B - Refundable credit for coverage under a qualified health plan

Tax Planning To and Through Early Retirement by Cody Garrett, CFP® and Sean Mullaney, CPA

Timestamps:

• 00:40 Live from CampFI: Special Guest Sean Mullaney
• 01:23 Overview of the New Tax Bill
• 01:55 Changes in Tax Rates and Standard Deductions
• 04:39 Child Tax Credit and Personal Exemptions
• 05:14 New Deductions for Retirees and Workers
• 11:56 State and Local Tax Deductions
• 14:23 Charitable Contributions and Estate Tax
• 21:13 Affordable Care Act Changes
• 29:46 Upcoming Book: Tax Planning To and Through Early Retirement

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This show is for education and entertainment purposes only and should not be considered investment, tax, or legal advice. Please consult the appropriate advisor or advisors before implementing anything you hear on this show or any other show for that matter.

Mark, his guests, and the Mark’s Money Mind show do not endorse Sean Mullaney, Mullaney Financial & Tax, Inc. and their services.

In this episode of the Mark's Money Mind show, host Mark Trautman, along with co-host Kevin Sebesta, speak live from CampFI Rocky Mountain about various aspects of the Financial Independence / Retire Early (FIRE) journey.

They welcome guests from different stages of the FI process, including Alison, who is in the discovery stage, and Camille and Daryl, who are in the mindful middle of their journey. Additionally, Darren and Jolene, who have graduated past the FI finish line, discuss how they manage their finances post-retirement, specifically focusing on strategies like the 72T distribution.

The episode underscores the importance of community support, planning, and adaptability in achieving financial independence and designing a fulfilling post-retirement life.

Episode Links:

Mark’s Money Mind YouTube Channel

CampFI

The Mindful Middle | Episode 018

How to Money podcast

ChooseFI podcast

The Millionaire Next Door: The Surprising Secrets of America’s Wealthy By Thomas J. Stanley & William D. Danko

The House Hacking Strategy: How to Use Your Home to Achieve Financial Freedom By Craig Curelop

Timestamps:

• 00:00 Welcome to Mark's Money Mind Show
• 00:50 Introducing Co-Host Kevin Sebesta
• 02:15 Guest Spotlight: Alison's FI/RE Journey
• 02:29 Discovering Financial Independence
• 08:48 Reselling as a Side Hustle
• 11:44 The Mindful Middle: Camille and Daryl's Story
• 13:18 Navigating the FI Journey
• 15:33 House Hacking and Financial Strategies
• 24:50 Balancing Saving and Enjoying Life
• 31:20 Team Effort in Financial Planning
• 33:12 First Impressions of the Event
• 36:05 The Graduates: Darren and Jolene
• 37:17 Accessing Retirement Funds Early
• 42:53 Roth Conversion Ladder Strategy
• 44:15 72(t) Rule Explained
• 50:31 Planning and Adjusting for Early Retirement
• 58:50 Final Thoughts

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