The NewRetirement Podcast
FIRE Reunion: Insights for Year 1 of Early Retirement
Oct 20, 2019
Karsten Jeske is an early retirement expert and blogger at earlyretirementnow.com, while Chris Mamula transformed from a physical therapist to a FIRE expert and authored "Choose FI." Fritz Gilbert shares insights from his blog, theretirementmanifesto.com. Together, they dive into their first year of retirement, discussing personal journeys, the emotional complexities of leaving work, and the joys of travel. They highlight the importance of financial planning and the balance between security and fulfillment, while also addressing challenges like healthcare costs.
46:18
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Quick takeaways
- FIRE experts emphasize the importance of meticulous financial planning to alleviate anxiety about retirement timing and stability.
- The emotional transition into retirement reveals unexpected feelings, highlighting the need for a balanced lifestyle beyond just financial considerations.
Deep dives
Experiences Leading to Retirement
The podcast features insights from three experts within the FIRE (Financial Independence, Retire Early) community, each sharing their journey to retirement. Fritz, who retired at 55, utilized a 'fat FIRE' approach by saving 15-25% of his income and prioritizing comfort and travel during retirement. Karsten, who retired at 44 with his wife, leveraged his background in finance to strategize their early retirement, allowing them to travel extensively and balance their lifestyle. Chris, retiring at 41, and his wife saved about 50% of their income unknowingly and embraced the FIRE community after becoming parents, leading them to a secure early retirement.
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