"Joe, Big Al, and Andi, I'm a 40 yr old, who enjoys a glass of brown over ice. I drive a JGC. I'm planning to take 5 to 10 years off of full time work to sail the Eastern US, Bahamas, Caribbean ect. The general consensus is that quitting work in your highest earning years is a terrible idea. But you don't hear about the potential financial benefits. Specifically I'm thinking that doing Roth conversions of the roughly 450K I have in my 401K while I'm living off my cash savings and brokerage account could significantly offset my lack of income for these years. I've bought the sailboat I plan to travel and live on for cash, 70k. When I leave in the next 2-3 yrs, I'll have 200k in cash, a brokerage account balance of 200k, HSA of 20K, roth IRA of 40K. I plan to spend between 30 - 50 k during these years. I grew up in a low income household and have never increased my standard of living to that of which most people who make six figures have done. I know this lifestyle to which I've dreamed of living for 10+ yrs will require me and my plan to be extremely flexible and am ok with that. I've worked in health care my entire career and could fairly easily return to that career full time or part time to offset my cruising kitty. I'd even embrace working behind a bar part time on the trip if need be. My question for you is what other opportunities are out there for a youngish person who is thinking about taking a sabbatical or mini retirement?? Ship of fools, Minneapolis" Listen to the entire Your Money, Your Wealth® podcast: https://bit.ly/ymyw-407 Download Financial New Years' Resolutions - Tips for Getting Your Finances in Order: https://purefinancial.com/white-papers/financial-new-years-resolutions-tips-for-getting-your-finances-in-order/?utm_source=youtube.com&utm_medium=PodcastClips&utm_campaign=YMYW-20230102 Pure Financial Advisors, LLC is a fee-only Registered Investment Advisor providing comprehensive retirement planning services and tax-optimized investment management to thousands of people across the nation. Schedule a free assessment with an experienced financial professional: http://bit.ly/PureAssessment Office locations: https://bit.ly/PureLocations Ask Joe & Big Al On Air: https://bit.ly/AskJoeAndBigAl Subscribe to our YouTube channel: https://bit.ly/YMYW-YT Subscribe to the Your Money, Your Wealth® podcast: https://lnk.to/ymyw IMPORTANT DISCLOSURES: • Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, LLC, a Registered Investment Advisor. • Pure Financial Advisors LLC does not offer tax or legal advice. Consult with your tax advisor or attorney regarding specific situations. • Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. • Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. • All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. As rules and regulations change, content may become outdated. • Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors. CFP® - The CERTIFIED FINANCIAL PLANNER® certification is by the CFP Board of Standards, Inc. To attain the right to use the CFP® mark, an individual must satisfactorily fulfill education, experience and ethics requirements as well as pass a comprehensive exam. 30 hours of continuing education is required every 2 years to maintain the certification. CPA – Certified Public Accountant is a license set by the American Institute of Certified Public Accountants and administered by the National Association of State Boards of Accountancy. Eligibility to sit for the Uniform CPA Exam is determined by individual State Boards of Accountancy. Typically, the requirement is a U.S. bachelor’s degree which includes a minimum number of qualifying credit hours in accounting and business administration with an additional one-year study. All CPA candidates must pass the Uniform CPA Examination to qualify for a CPA certificate and license (i.e., permit to practice) to practice public accounting. CPAs are required to take continuing education courses to renew their license, and most states require CPAs to complete an ethics course during every renewal period.