Doug chats with Mark Trautman (Mark’s Money Mind) about the relevance of The 4% Rule in modern retirement planning. They explore whether it remains a solid “north star” for those in the accumulation phase or if it has become an outdated guideline that potentially hinders retirees from living their best lives. Mark also shares his personal transition from a high-saver to a strategic retiree focused on decumulation & creating memory dividends.

Do you like the podcast and want to support the show? Follow the link to find out how: https://milehighfi.com/support/

Curious to know exactly what products Doug uses? Check out his Amazon lists below. *Affiliate links below, so if you buy something or spend money, we might earn a commission. That helps the show and doesn’t cost you anything extra. Thank you!

• Guitar Accessories
• Hiking & Outdoor
• Essentials for Sleep

Want to order MHFI stickers/temporary tattoos or create your own custom stickers? Of course you do! We ALL do! Order them here using our affiliate link so that we might earn a commission: https://www.stickermule.com/dougcunnington

Links

• Mark Trautman/Mark’s Money Mind
• David Chilton, “The Wealthy Barber”
  • Paperback
• William Bengen, “A Richer Retirement”
  • Kindle
  • Hardcover
  • Audiobook
  • Audio CD
• Retirement and IRA Show
• Bill Perkins, “Die With Zero”
  • Kindle
  • Hardcover
  • Paperback
  • Audiobook
• Big ERN on MHFI episode 280
• Aubrey Williams, “Everyone Adjusts! Use Historical Analysis Risk-Based Guardrails to Reach FI Sooner!”
• ProjectionLab
• MHFI Facebook group
• Doug’s site
• Check out Producer Chris’s blog: Epic Financial Journey

—

Join the Mile High FI Club – It’s the email list!

Get MHFi Merch – It helps support the show. Get t-shirts & more

**Disclaimer: The podcast is for informational purposes. Maybe entertainment but we won’t even make such a claim. You shouldn’t take the info as financial, legal, or tax advice. We aren’t certified financial planners or advisors. We’re not qualified for much. So get advice from professionals.**

Brought To You By:

The Doug Show, aka Affiliate Marketing & Side Hustles

Support the Pancreatic Cancer Action Network, PanCan, for the PurpleStride.

Donate here

PurpleStride is an inspiring event for anyone who has been affected by pancreatic cancer. We are raising funds to ensure vital research continues and free resources are made available to all who need them.

We’ll be at the Dallas event (PurpleStride) DFW. If the this episode is up, then donations are still open. Thank you.

Doug and Mark Trautman (Mark’s Money Mind) answer questions from the listener mailbag. They discuss how to prepare for retirement, building social connections beyond work, psychological shifts of leaving a career, strategies for “manufacturing” a retirement paycheck, how to navigate the changing landscape of car ownership (buying vs. leasing), and the mindset shift of decumulation & spending.

Do you like the podcast and want to support the show? Follow the link to find out how: https://milehighfi.com/support/

Curious to know exactly what products Doug uses? Check out his Amazon lists below. *Affiliate links below, so if you buy something or spend money, we might earn a commission. That helps the show and doesn’t cost you anything extra. Thank you!

• Guitar Accessories
• Hiking & Outdoor
• Essentials for Sleep

Want to order MHFI stickers/temporary tattoos or create your own custom stickers? Of course you do! We ALL do! Order them here using our affiliate link so that we might earn a commission: https://www.stickermule.com/dougcunnington

Links

• Mark Trautman/Mark’s Money Mind
• Mark’s Money Mind Episode 063, “Taxes, Travel, and Market Turbulence”
• CampFI
• Mr. Money Mustache on MHFI episode 309
• Kevin Sebesta on MHFI episode 302
• Morgan Housel, “Psychology of Money”
  • Kindle
  • Hardcover
  • Paperback
  • Audiobook
• ChooseFI Ep 022, “The True Cost Of Car Ownership”
• MHFI Facebook group
• Doug’s site
• Check out Producer Chris’s blog: Epic Financial Journey

—

Join the Mile High FI Club – It’s the email list!

Get MHFi Merch – It helps support the show. Get t-shirts & more

**Disclaimer: The podcast is for informational purposes. Maybe entertainment but we won’t even make such a claim. You shouldn’t take the info as financial, legal, or tax advice. We aren’t certified financial planners or advisors. We’re not qualified for much. So get advice from professionals.**

Brought To You By:

The Doug Show, aka Affiliate Marketing & Side Hustles

Email the show: doug@milehighfi.com

0:00 Introduction

0:56 Recent travels

5:53 Question – Preparing to retire

11:13 Social connections, hobbies, & identity

18:50 Retirement paycheck strategy

23:35 Question – Leasing vs. buying cars

29:16 Longevity & when leasing makes sense

34:17 Question – Decumulation & spending

40:47 Calculating downsid...