BiggerPockets Money Podcast 41: How to Find the Best Possible Certified Financial Planner (CFP) for Your Needs with Kyle Mast
11 snips
Oct 8, 2018 AI Snips
Chapters
Transcript
Episode notes
Audit Mortgage Costs Regularly
- Review recurring expenses like PMI after home appreciation or principal paydown and cancel unnecessary payments.
- Small monthly savings (e.g., $150–$200) add up quickly and are often overlooked.
Stack Term Policies To Match FI Timeline
- Use term insurance tailored to the FI timeline: stack shorter-term and longer-term policies to save premium dollars.
- Buy larger-term coverage only for high-risk early years and shrink coverage as you self-insure over time.
Health Coverage Is A Major Uncertain Risk
- Health insurance options remain uncertain for early retirees and often drive people to keep jobs for coverage.
- Time and a high savings rate provide the best hedge when policy or market options are unclear.