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Nội dung được cung cấp bởi Jeff Gill. Tất cả nội dung podcast bao gồm các tập, đồ họa và mô tả podcast đều được Jeff Gill hoặc đối tác nền tảng podcast của họ tải lên và cung cấp trực tiếp. Nếu bạn cho rằng ai đó đang sử dụng tác phẩm có bản quyền của bạn mà không có sự cho phép của bạn, bạn có thể làm theo quy trình được nêu ở đây https://vi.player.fm/legal.
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Ep10: Transitioning into Early Retirement with Marcus Moore

19:19
 
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Nội dung được cung cấp bởi Jeff Gill. Tất cả nội dung podcast bao gồm các tập, đồ họa và mô tả podcast đều được Jeff Gill hoặc đối tác nền tảng podcast của họ tải lên và cung cấp trực tiếp. Nếu bạn cho rằng ai đó đang sử dụng tác phẩm có bản quyền của bạn mà không có sự cho phép của bạn, bạn có thể làm theo quy trình được nêu ở đây https://vi.player.fm/legal.

Episode: Transitioning into Early Retirement with Marcus Moore

Host: Jeff Gill

Guest: Marcus Moore, a seasoned federal employee contemplating early retirement.

Episode Overview:

- In this episode, Jeff Gill discusses with Marcus Moore, a federal employee on the brink of early retirement, his career journey, the reasons behind his decision to retire early, and his plans for the future.

Key Topics Covered:

1. Marcus's Background:

- Extensive career with the federal government, focusing on veterans’ transportation and workplace safety.

- Roles included mediator, mentor, and safety expert.

2. Reasons for Considering Early Retirement:

- Career stagnation and lack of advancement opportunities.

- Physical health concerns impacting job performance.

- Desire for change and exploration of opportunities outside the federal system.

3. Preparation for Retirement:

- Financial readiness assessment focusing on debt management and expense reduction.

- Importance of being debt-free, especially from major expenses like car and home payments.

- Exploration of hobbies and personal interests to enrich life post-retirement.

4. Financial Strategies and Considerations:

- Importance of maximizing contributions to the Thrift Savings Plan (TSP).

- Benefits of maintaining a Roth account outside of TSP for flexibility and emergency funds.

- The potential impact of pension and other retirement benefits on lifestyle and income.

5. Emotional and Psychological Aspects of Retirement:

- The shift from a structured career to a potentially unstructured retirement life.

- Family considerations and the impact of career change on personal life.

6. Advice for Federal Employees:

- Importance of planning and preparing for retirement well in advance.

- Consideration of hobbies and external activities as emotional and psychological support.

- Financial advice on handling debt and increasing savings to secure a comfortable retirement.

Marcus's Closing Thoughts:

- Encourages federal employees to view their job as a means to pursue personal passions outside of work.

- Highlights the necessity of financial prudence and planning for a successful transition into retirement.

Host's Conclusion:

- Jeff thanks Marcus for his insights and wishes him well on his journey towards retirement.

- Reminder to listeners to subscribe for more insights on life after federal service.

  continue reading

15 tập

Artwork
iconChia sẻ
 
Manage episode 419245829 series 3575212
Nội dung được cung cấp bởi Jeff Gill. Tất cả nội dung podcast bao gồm các tập, đồ họa và mô tả podcast đều được Jeff Gill hoặc đối tác nền tảng podcast của họ tải lên và cung cấp trực tiếp. Nếu bạn cho rằng ai đó đang sử dụng tác phẩm có bản quyền của bạn mà không có sự cho phép của bạn, bạn có thể làm theo quy trình được nêu ở đây https://vi.player.fm/legal.

Episode: Transitioning into Early Retirement with Marcus Moore

Host: Jeff Gill

Guest: Marcus Moore, a seasoned federal employee contemplating early retirement.

Episode Overview:

- In this episode, Jeff Gill discusses with Marcus Moore, a federal employee on the brink of early retirement, his career journey, the reasons behind his decision to retire early, and his plans for the future.

Key Topics Covered:

1. Marcus's Background:

- Extensive career with the federal government, focusing on veterans’ transportation and workplace safety.

- Roles included mediator, mentor, and safety expert.

2. Reasons for Considering Early Retirement:

- Career stagnation and lack of advancement opportunities.

- Physical health concerns impacting job performance.

- Desire for change and exploration of opportunities outside the federal system.

3. Preparation for Retirement:

- Financial readiness assessment focusing on debt management and expense reduction.

- Importance of being debt-free, especially from major expenses like car and home payments.

- Exploration of hobbies and personal interests to enrich life post-retirement.

4. Financial Strategies and Considerations:

- Importance of maximizing contributions to the Thrift Savings Plan (TSP).

- Benefits of maintaining a Roth account outside of TSP for flexibility and emergency funds.

- The potential impact of pension and other retirement benefits on lifestyle and income.

5. Emotional and Psychological Aspects of Retirement:

- The shift from a structured career to a potentially unstructured retirement life.

- Family considerations and the impact of career change on personal life.

6. Advice for Federal Employees:

- Importance of planning and preparing for retirement well in advance.

- Consideration of hobbies and external activities as emotional and psychological support.

- Financial advice on handling debt and increasing savings to secure a comfortable retirement.

Marcus's Closing Thoughts:

- Encourages federal employees to view their job as a means to pursue personal passions outside of work.

- Highlights the necessity of financial prudence and planning for a successful transition into retirement.

Host's Conclusion:

- Jeff thanks Marcus for his insights and wishes him well on his journey towards retirement.

- Reminder to listeners to subscribe for more insights on life after federal service.

  continue reading

15 tập

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