Why This DIY Investor Finally Hired A Financial Advisor | "BiggerPockets" Crossover | 199
Catching Up to FI
Will he keep working after FI?
Bill discusses dialing down shifts, identity, purpose, and a gradual glide path from medicine.
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—or 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:
➡️ Going from "rich but broke doctor" to FI in about 10 years
➡️ Boosting a savings rate from single digits to ~40% without feeling deprived
➡️ Shifting from a three-fund portfolio to a risk-parity decumulation strategy
➡️ Using flat-fee, advice-only planner instead of 1% AUM
➡️ Order of withdrawals: taxable, pre-tax, Roth, plus asset location
➡️ Modeling taxes, RMDs, and Social Security timing in real life
➡️ Building a "3-1-1" spending plan for needs, comfort, and luxury/giving
➡️ Helping adult kids fill Roth IRAs and HSAs as part of generational wealth
➡️ Weighing when to actually leave medicine once money is no longer the boss
==============================
DEALS & DISCOUNTS FROM OUR TRUSTED PARTNERS
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 – 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
🌐 Visit Catching Up to FI website
☕ Like what you hear on Catching Up to FI? Support the show at "Buy Me a Coffee"
🎙️We 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.)
⏰ 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!
📌Disclaimer: 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.
The AI-powered Podcast Player
