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In this episode, we ask:

• Who are Brandon and Amanda Neely?
• Grandma’s Wealth Wisdom Podcast
• What is the F.I.R.E. strategy?
• What does F.I.R.E. stand for?
• How does one know they’re F.I.R.E.d?
• How do you calculate your freedom number?
• What are the pros of people going for this strategy?
• What are the downsides of F.I.R.E. ?
• What things do the F.I.R.E. people take off the table?
• If someone was trying to retire early, how does one avoid the pitfalls?
• What are the F.I.R.E. extinguishers?
  • Have you considered Tax Deferred Plan penalties?
  • Have you considered the Stock Market risks?
  • Have you considered the possibility of tax increases?
  • Have you considered the possibility of rising inflation?
  • Have you considered the fees?
  • Have you considered future medical expenses?
  • Have you considered Long Term Care expenses?
  • Have you considered unexpected large expenses?
  • Have you considered opportunity cost?
• What are the perfect matches – the F.I.R.E. starters?
  • Bank on Yourself type life insurance policies
  • Access the money without penalty
  • Uninterrupted compound growth
  • No double tax payments
  • Hedge against inflation
  • Pay fees up front
  • Coverage for Long Term Care
  • Can make large purchases
  • Have growth continuing while you use the money for expenditures
• What are other options?
• Why is access without penalty crucial?
• What did Brandon and Amanda do with their dividend paying whole life insurance policy?
• How did this put them in a really good position?
• What would Grandma say about this concept?
• Did a single Grandma own a 401(k)?
• What does retirement look like?
• Contact Brandon and Amanda and subscribe to the Grandma’s Wealth Wisdom podcast at GrandmasWealthWisdom.com