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Coast FIRE — How to Spend All Your Money and Still Retire Rich | White Coat Investor

The White Coat Investor – Investing & Personal Finance for Doctors·The White Coat Investor·3 days ago
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I have seen increasing interest in the concept of Coast FIRE lately, although people do not always call it by that name. Coast FIRE can produce many of the benefits of retirement (more free time, less burnout) while also providing many of the benefits of continuing to work (ongoing income, sense of purpose). What Is Coast FIRE? FIRE stands for Financial Independence Retire Early . It's the concept that retirement is not an age but a number. When you have enough money to live your desired lifestyle the rest of your life, you are “financially independent” and can retire at any point from then onward—whether you are 25, 35, 45, 55, 65, or 75. If you retire before traditional retirement age (65ish?), that's called “early retirement” or “Retire Early” (because it makes the acronym so much cooler). There's no requirement to actually retire just because you are financially independent, but many people make significant life changes, such as cutting back their hours, changing jobs, or simply doing volunteer work.…

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