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@ Global HODL
2025-04-21 21:10:55
RETIRING WITH BITCOIN
Long post warning
I have been thinking about this topic for a long time and have developed a framework that helps me gain clarity.
I started by answering a few questions:
1. What does retirement mean to me? Does it mean sitting on a beach and sipping Pina Coladas all day long, or do I want to do what I like doing vs. working for a paycheck? This is what I call "Time and Location Freedom."
My thinking: I want to do what I want, where I want, and with whom I want. If I want to go out for lunch with my beautiful wife on a Wednesday afternoon, I don't have to look at my calendar or seek permission.
I would highly recommend reading - "Four Thousand Weeks - By Oliver Burkeman" which gives you a lot of perspective on how you want to spend your life.
2. What is my time horizon? When do I want to retire, and how long do I expect to live?
My thinking: Hope for the best but plan for the worst. I am planning for a life until I am 100 years old, and if I die sooner, my kids will enjoy the wealth.
3. How much wealth do you want to give to your children and when?
My thinking: You want to help your kids at a point where it will have the largest impact on them. For example, I will make sure that my kids never have to take an education loan. My parents made sure I came out of college debt-free, and I will do the same for my kids. Additionally giving them enough so they can do whatever they want and not so much that they can’t do anything is going to be key here.
I think Holly mentioned the book Die with Zero by Bill Perkins during the space on Saturday morning. I highly recommend reading it. Another thing here is to teach your kids about money early on.
4. How much do you want to spend during retirement?
My thinking: This is mostly about replacing your income or a part of it so you can spend time doing what you want, whether that's building a Bitcoin business, teaching kids about Bitcoin, opening a beer bar on a beach, or something else.
5. Now it comes to portfolio allocation
My thinking: Once you answer these questions, you can determine how to allocate your funds and how much Bitcoin you need. In my case, I am thinking about multiple buckets:
i. Generational Wealth for Future Generations - Bitcoin is in multi-sig cold storage with a proper inheritance plan laid out, and kids know how to access it. This is where educating your kids becomes really important. This stack will not be sold during our lifetime and potentially never.
ii. Stack for each child - Give each child a fixed amount of Bitcoin in a hardware wallet that they can use to improve their life or start a business. The late twenties might be the right age for this inheritance
iii. Our 401ks/IRAs/HSAs —We are mostly in MSTR and will let them grow until we are in our 60s (still years away). I will do aggressive Roth conversions once I am out of W2 jobs.
iv. Investment accounts -- I am building a stack in MSTR and MSTY and learning to write 10-delta calls to generate income. The goal here is to generate 15-20K/month so I can go work for Bitcoin full-time.
I am aiming to keep the stack at 60% (savings in Bitcoin), 30% (growth in MSTR), and 10% (income-generating MSTR-covered calls, MSTY, and IMST)
Looking forward to hearing thoughts from the community