Bill Yount, an emergency physician in the United States, experienced a significant financial turnaround after turning 50 and becoming financially independent at age 50, despite earning a high income and ignoring his finances. Yount had no budget, an idea of his net worth, and no retirement plan when he hit the half-century mark. His transformation was made when he discovered financial independence through the Financial Independence, retire early movement. He created a budget and began tracking every recurring expense and eliminating unnecessary spending. He also started using his employer-sponsored retirement plan to save and save more money. He downsized his home, sold possessions, and redirected the freed-up cash into retirement accounts. Yont also began using his physician's income for investments and maxed out his employer's retirement plan. He co-founded the Catching Up to FI podcast with Jackie Cummings Koski to help others who started late. The federal tax code offers provisions designed specifically for those who are 50 or older to accelerate retirement savings aggressively.