4 Benefits to CoastFIRE in Considering Early Retirement
The FIRE (Financial Independence, Retire Early) movement encourages its adherents to save as much as possible in the early stages of their careers, invest in low-cost index funds, and live frugally in an effort to enjoy a long, blissful period of non-work. This methodology can and does yield mixed results, however, in that people with the motivation and wherewithal to attain great career and financial success often have significant trouble adjusting to permanent lives of leisure.
This is why it's important to look at CoastFIRE -- the notion of transitioning to a less demanding job while allowing your nest egg to grow -- as a viable alternative to the idea of quitting work forever. Here are four benefits of the CoastFIRE strategy.
Let's face it -- if you're a pragmatist and/or a realist, it's not difficult to accept that a paycheck coming every two weeks does provide peace of mind. Yes, even if you have enough money to retire. Yes, even if you think it won't bother you to draw down on your investments.
Source Fool.com
