My podcast appearance on Millionaires Unveiled

Late last year, I chatted with Jace Mattinson and Clark Sheffield at Millionaires Unveiled. It’s a fairly new podcast but they’ve already lined up an impressive list of guests including Dr. Dahle, aka White Coat Investor and Mindy and Carl from 1500 Days. I also particularly appreciate the diversity of different investment styles. Not everybody becomes a millionaire by investing in VTSAX! We can also learn from real estate investors and business owners! But first, of course, please listen to Episode 15 with yours truly, which was released today…

—> Click here for the podcast on iTunes <—

—> Click here for the podcast on Stitcher <—

And please also subscribe, review and “like” them on iTunes and Stitcher

PS: the episode was recorded in 2017, so when I mention “next year” I mean 2018! I’m new to the whole podcast game 🙂

13 thoughts on “My podcast appearance on Millionaires Unveiled

  1. I just finished listening. My favorite part was when you said “I could lose $20,000 during lunch break”. That may sound odd for someone who doesn’t hear it in context of the interview. It’s a great point on why not to time the market. Go listen folks!

    1. I have to agree–the $20k comment was priceless and this podcast is well worth the investment of your time!

  2. great interview. I love hearing your interviews because it’s easier for me to understand haha! I thought it might be worth noting to the audience that are different styles of “deferred compensation” which don’t force you to take the compensation upon quitting. In fact, most of the middler class people probably have access to this type of 457 plan that allows you to withdraw it after separation, but doesn’t require it. I think I have commented before I would love to hear more strategy information on 457’s in the FI world. For now I treat it as an alternative to “taxable investments” but I know a huge consideration is the ordinary income treatment vs capital gain treatment in the tax world.

      1. Ern – was your deferred compensation involuntary (I.e. the bank gave it to you as an unvested portion of your bonus that would pay out over 3 or 4 years) or was it a voluntary contribution on your part? I have some of both. My voluntary deferred comp is immediately vested and will pay out over a 10-year period upon my separation from the firm. The involuntary piece pays out over 4 years and doesn’t vest unless I remain with my firm. If I quit before I hit the firm’s definition of retirement age (11 years away for me), I’d leave that involuntary deferred compensation on the table. If you were in a similar position, I’m wondering if you had to do any negotiating with your employer regarding a strategic layoff in order for your involuntary deferred comp to vest?

        PS – my family and I are also looking at Vancouver as a potential strategic tax haven for retirement, especially for collecting the 10 years worth of voluntary deferred compensation payments.

        Thanks!

        1. Yes, deferred comp was involuntary with a 3-year cliff vesting. On top of that, I was able to voluntarily defer anything vested for some additional tax benefit.
          When I left I was officially laid off, which means I was able to keep my deferred bonuses to be paid out in 2019, 2020, and 2021. I signed an NDA about not disclosing what went into the negotiation for that sweet deal. But you can find some guidance on that on the web. 🙂

          Very cool! If you move to Vancouver WA give me a shout-out! 🙂

  3. Hi Big ERN,
    I just discovered your analysis and devoured many of your blog entries. I am blown away by your rigor and clear-thinking! Especially impressed with your SWR within the context of the current 30+CAPE environment.

    You have also convinced me, as newly retired 56 yr old, to migrate my current 60% equity AA towards a LOWER equity percentage (45-50%) and slowly rebalance over time (15-18 yrs for me) to a 75-80% equity percentage in my early 70s.

    My question for you: I would have assumed YOU would be getting your personal AA to this lower starting equity percentage as well given your impending retirement? (congratulations by the way!) I have a portfolio with a high percentage (80%) in unqualified accounts, so the capital gains are my biggest hurdle to migrate towards a 50% equity percentage.

    Thanks again for all of your analyses.

    1. I am keeping a bit of a bond cushion to fund expenses if I need to. But I also have a lot in real estate and more money flowing in there. I like the stable return and high rental yield. That can afford me a larger equity %.
      Thanks for stopping by!

  4. Enjoyed your interview. Agree with your comment about trying to time the market. It has never worked out better for me trying to do that plus all the added stress. I’ve been investing mostly automatically for over 20 years and now my accounts are huge and I’ve never made a big salary. Sometimes its hard for me to believe.

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