Utilizing a side gig to Retire Earlier than you thought possible
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In this episode of the Retire Early Podcast, financial advisors and retirement planners Sam Benson and Linwood Fraher of Martin Wealth Solutions explore how side gigs can play a strategic role in your retirement journey. Whether you're looking to retire early or add more flexibility to your finances, Sam and Linwood discuss how part-time work, freelancing, or passion projects can reduce portfolio withdrawals, delay Social Security, and keep you mentally engaged. They also highlight real-world examples and provide practical tips for making a side gig both purposeful and profitable in retirement.
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00:00 Welcome and Introduction
00:36 Why Side Gigs Are Worth Considering
01:17 Sam's Take on Real Estate Hustles
02:34 Linwood’s Side Gig Philosophy
03:41 Financial Flexibility Through Part-Time Work
04:53 How Side Gigs Can Delay Social Security
06:02 Tax Implications and Considerations
07:45 Finding Purpose and Fulfillment
08:55 Client Example: From Engineer to Consultant
10:01 Building Confidence Through Income
11:27 Wrap-Up and Key Takeaways
Disclaimer:
Opinions expressed herein are solely those of Martin Wealth Solutions, unless otherwise specifically cited. Material presented is believed to be from reliable sources, but no representations are made by our firm as to another parties’ informational accuracy or completeness. Content provided herein is for informational purposes only and should not be used or construed as investment advice or a recommendation regarding the purchase or sale of any security. There is no guarantee that any statements, opinions or forecasts provided herein will prove to be correct. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation. Past performance may not be indicative of future results. Indices are not available for direct investment. Any investor who attempts to mimic the performance of an index would incur fees and expenses which would reduce returns. Securities investing involves risk, including the potential for loss of principal. There is no assurance that any investment plan or strategy will be successful.
18 episodes