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Mailbag: Cover Your Expenses | Rachael Camp | Ep 457

In this episode: the 4% rule, second generation FI, retirement saving, 529’s, 401k’s, and is it too late for FI?

This week we joined by Rachael Camp of Camp Wealth for another installment of Mail Bag, where we will be answering some questions sent in by our listeners. Together, we cover topics surrounding the 4 percent rule, starting the FI journey “late”, the importance of tax diversity in your retirement accounts, and the potential benefits and drawbacks of 529 plans. On the path to FI, the community this journey brings can be the best resource, and answering any questions you may have is our way to ensure you’re well on your way to FI and help others in the community who may be navigating similar scenarios!

Rachael Camp:

Please note:

Rachael Camp offers advisory Services through Creative Financial Designs, Inc., a Registered Investment Adviser, and Securities are offered through cfd Investments, Inc., a Registered Broker/Dealer, Member FINRA & SIPC, 2704 S. Goyer Rd., Kokomo, IN 46902. 765-453-9600. Camp Wealth is not affiliated with the CFD companies.


  • 1:09 – Introduction
  • 3:22 – Can It Be Too Late For FI?/Credit Card Debt
  • 18:25 – The 4% Rule And Early Retirement
  • 27:02 – Withdrawing Earnings
  • 40:06 – Not Maxing Out Your 401k?
  • 50:03 – 529’s and Financial Aid
  • 57:04 – Second Generation FI
  • 72:10 – Conclusion

Resources Mentioned In Today’s Episode:

Choose FI has partnered with CardRatings for our coverage of credit card products. Choose FI and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. American Express is a ChooseFI advertiser. Disclosures.
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