RH 014 Route to Retire and Wells Banana Bread Beer

Show Notes

Retirement Segment

  • Has been working for same company since late 1990s and is the engineers’ manager
  • Worked his way out of debt which included $30k of student loans
  • After his daughter was born he discovered Joe from Retire by 40 and FIRE
    • Financial Independence Retire Early
  • Jim’s ready to be done working and there are other projects he wants to do
    • Focus on his blog Route to Retire
    • Write a children’s book or personal finance book
    • Spend more time with his daughter
  • The key to determining what financial independence means is to figure out your expenses
  • The 4% guideline provides something to shoot for. Jim flips it around so that your goal is to have 25 times your annual expenses.
  • Jim plans to have several streams of passive income
    • Two rental properties
    • Blog income
    • Investment income
  • After Jim retires he intends to move to Panama (not City, the country)
    • Loves the weather
    • Found the city he plans to move to on a visit
    • Medical care is good and inexpensive
    • Community will be mostly retired ex-pats
    • Looking forward to slower pace and meeting people
    • Giving it a shot because doesn’t want any regrets
  • Panamanian currency is interchangeable with US dollar
  • If you buy a house property taxes are deferred for 20 years or more
  • He padded his plan so if it doesn’t work out and he decides to move back, he won’t have to return to work

Beer Segment

The beer segment begins at the 18:30 mark.

route to retire

  • Jim selected Wells Banana Bread Beer
  • A friend of his shared this beer with him and he loved it
  • Desert in a bottle
  • Brewed by Wells & Young’s Ltd 
  • The style is a fruit beer according to the Brewers Association
  • Description of a fruit beer
    • A generic form of flavored beer, some breweries actually use real fruit or veggies, though most use an extract, syrup or processed flavor to give the effect of a particular fruit or vegetable. Usually ales, but with not much ale character to them and commonly unbalanced. Malt flavor is typically hidden with a low hop bitterness to allow the fruit or vegetable to dominate.
  • Alcohol by volume (ABV): 5.20%
  • Availability: Year-round

5 thoughts on “RH 014 Route to Retire and Wells Banana Bread Beer

  1. I enjoyed this recording. It’s great to hear of people pursuing cool goals. However banana beer? Eww, lol. In Panama we enjoyed Balboa beer. I’m sure Jim will try it if he hasn’t already.

    1. Thanks for listening and posting. I give Jim lots of credit for pursuing bold goals and wish him all the best. Thanks for sharing your beer experience.

Leave a Reply

Your email address will not be published. Required fields are marked *