Afford Anything Retire at 30? The Math Behind Making Work Optional
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Oct 1, 2024 Get ready for a deep dive into early retirement strategies! A 30-year-old's impressive savings spark conversations about the math of making work optional. The hosts weigh the pros and cons of single-family versus multi-family homes, exploring creative housing solutions. Listeners learn about the importance of planning by decade while avoiding pitfalls like being 'house poor.' With valuable insights on investing in VTSAX and tips for choosing a financial advisor, this discussion is packed with actionable advice for future financial freedom!
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Retirement Planning
- Consider future health concerns and income limitations when planning for retirement.
- Backfill from your end-game goal (e.g., age 90) up to your current age for safer planning.
Retirement Savings Buckets
- Break down your retirement savings into smaller time buckets (e.g., 5-10 year periods).
- Invest conservatively for shorter-term goals and consider dollar-for-dollar savings.
Investment Projections
- Use robust investment return calculators and spreadsheets beyond the rule of 72.
- Account for changes in lifestyle and spending over time.
