If you are in a job that gives you a four o one k match or a four o three b match, take the match. So long as you're doing that, and your spouse or partners also doing that, you'll naturally be continuing to save money in traditional retirement accounts. Fundamentally, all of these constructs, f i r e, coast fi, breestafi, lean fi, fat fi,. These are boxes. But don't let the boxes hold you in the definition of these different terms is not meant to be a prison cell. If you want to manage according to fire principles, then don't worry about what box something fits into. The boxes don't matter.
#332: Ginger’s financial independence (FI) number is $2 million, but she doesn’t want to fully retire early. Once she hits ‘coast’ FI, she wants to 1) buy her time back with outsourcing, 2) take a mini-retirement, and 3) buy a vacation home. Does it make sense for her to divert retirement contributions to these goals, or should she aim to save $2M?
Wilson plans to have a two percent withdrawal rate in retirement. Given this low rate, should he go all-in on stocks? Or should he split up his retirement funds and invest one half conservatively and the other half aggressively?
Jennifer has a low-stress doggie-daycare, but she needs a bigger space to scale up. How the heck can she find a property to suit her needs in Austin, TX?
My friend and former financial planner Joe Saul-Sehy joins me to answer another round of listener questions.
(If you have questions on business, money, trade-offs, financial independence strategies, travel, or investing, leave them here and we’ll answer them in a future episode.)
For more information, visit the show notes at https://affordanything.com/episode332
Learn more about your ad choices. Visit podcastchoices.com/adchoices