{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Why This DIY Investor Finally Hired A Financial Advisor | "BiggerPockets" Crossover | 199","description":"What happens when a "late-starter" ER doc finally hits FI at 60, then must figure out how to actually spend the money without blowing it\u2014or hoarding it forever? Bill joins Mindy and Scott on the BiggerPockets Money podcast to walk through his full "caught up to FI" debrief. Here his decade-long sprint from single-digit savings to 40%, taking his money back from a private bank, and the 60th-birthday retirement-readiness check that came back with a 100% success rate. From there, they dig into his move from a simple three-fund portfolio to a risk-parity setup, why he hired a flat-fee planner after years as a DIY investor, and how he's using FI to buy back time and jump-start his kids' wealth with Roth IRAs, HSAs, and tax-savvy living gifts. This episode covers:  \u27a1\ufe0f Going from "rich but broke doctor" to FI in about 10 years \u27a1\ufe0f Boosting a savings rate from single digits to ~40% without feeling deprived \u27a1\ufe0f Shifting from a three-fund portfolio to a risk-parity decumulation strategy \u27a1\ufe0f Using flat-fee, advice-only planner instead of 1% AUM \u27a1\ufe0f Order of withdrawals: taxable, pre-tax, Roth, plus asset location \u27a1\ufe0f Modeling taxes, RMDs, and Social Security timing in real life \u27a1\ufe0f Building a "3-1-1" spending plan for needs, comfort, and luxury\/giving \u27a1\ufe0f Helping adult kids fill Roth IRAs and HSAs as part of generational wealth \u27a1\ufe0f Weighing when to actually leave medicine once money is no longer the boss   ==============================   DEALS & DISCOUNTS FROM OUR TRUSTED PARTNERS   MONARCH MONEY The modern way to manage money! Monarch will change the way you organize your financial life. Track, budget, plan, and do more with your money \u2013 together. Get 50% off the first year using this link and entering code: CATCHINGUP50   For a full list of current deals and discounts from our partners, sponsors and affiliates, click here: catchinguptofi.com\/our-partners    SUPPORT  THE  SHOW \ud83d\udce9 Sign up for our newsletter \ud83c\udf10 Visit Catching Up to FI website  \ud83d\udd17Connect with us \u2615 Like what you hear on Catching Up to FI? Support the show at "Buy Me a Coffee"  \ud83c\udf99\ufe0fWe love hearing from you! Record a Voice Message with your feedback or question Record a Voice Message with your feedback or question     RESOURCES MENTIONED ON THE SHOW: (As an Amazon Associate, I earn from qualifying purchases.) \ud83c\udf10 BiggerPockets Money  BiggerPockets Money Youtube    \u23f0 Related Episodes Founder of 'Catching Up to FI' Just Hit Financial Independence, Now What? | Bill Yount | 196  Flashback to Episode 1: 'A Boat Named YOLO' | Bill Yount | 197     If you enjoyed this episode, please follow the show on your podcast player and leave us a rating and review. If you want to watch, be sure to subscribe to our YouTube Channel. This helps others find the show and keeps us creating great content for you!     \ud83d\udcccDisclaimer: Our content is for general education and information purposes only. We are not providing financial, legal, or tax advice. Always do your own research or consult a professional before making important decisions. ","author_name":"Catching Up to FI: Financial Independence for Late Starters","author_url":"http:\/\/sites.libsyn.com\/451611\/site","html":"