The $14 Million "Problem": Jennifer's Journey to a Joyful, Work-Optional Life, Ep 154

Join us for a truly inspiring conversation with Jennifer, who's redefining retirement on her own terms! We dive deep into her desire to retire sooner rather than later, ideally without a mortgage still in play, and how she's navigating the unpredictable market with confidence. Jennifer shares her vision for a leisure-filled life, complete with travel, daily exercise, home-cooked meals, and plenty of reading. You'll hear about her "practice retirement" weekends and the joy she finds in simple, nurtured moments. We also explore the emotional aspects of transitioning from a fulfilling career, the surprising financial realities of her robust savings, and why paying off the house isn't always the only answer. Get ready to challenge your own notions of retirement and discover how to design a life that truly brings you joy!

In this episode, we cover:

• Jennifer's vision for retirement and why she wants to retire as soon as feasible.
• The emotional journey of preparing for retirement and practicing leisure time.
• Jennifer's current travel budget and future travel aspirations. 
• The dilemma of paying off a mortgage before retirement.
• Insights into Jennifer's financial situation and "the $14 million problem."
• Exploring phased retirement and reducing work hours. 
• Strategies for accessing retirement funds before age 59 1/2, including 72T elections.
• The psychological shift from saving to spending in retirement.
• Considering long-term care and end-of-life planning.
• Optimizing investments and understanding Roth conversions.

Mentioned in this Episode:

- The Purpose Code by Jordan Grumet, MD

The Childfree Wealth Podcast, hosted by Bri Conn, CFP®, and Dr. Jay Zigmont, CFP®, is a financial and lifestyle podcast that explores the unique perspectives and concerns of Childfree individuals and couples.

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