They Want to Retire Early. Their Lifestyle Says Otherwise.
Summary
This episode features a couple in their early 40s with a combined income of $412,000 and a net worth of $1 million who are aiming for early retirement in ten years. They discuss their recent income increase, a $65,000 bathroom renovation, and the stress of balancing high spending on travel and family memories with aggressive savings goals. The hosts analyze their 15% savings rate, identify a discrepancy between reported and actual monthly spending, and advise on optimizing their 401(k) structure to enable backdoor Roth IRA contributions.
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