In today’s episode, we're diving into one of the cornerstone concepts of the FIRE (Financial Independence, Retire Early) community—the 4% rule.
Join hosts Matt and Yana as they break down what the 4% rule is, how it serves as a projection strategy for retirement withdrawals, and why it's so popular among those aiming for financial independence.
You'll learn about its origins, how it can be adjusted for both traditional and early retirement, and the significance of low-cost index funds like the S&P 500.
Plus, they'll provide practical examples and discuss the intriguing nuances of the rule, including its application in real-life scenarios and how it relates to CoastFI.
Tune in for an insightful and fun discussion that’s sure to enlighten your path to financial freedom!
TOOLS WE LOVE AND USE:
*Budgeting* : Qube Money (https://bit.ly/Coast_Qube) — This is the tool that simplifies everything for us and gives us full control of our money. You will love it. Use the code “COAST” to get 2-months off the Premium or Family plan when you create an account.
*Coast FIRE Calculator* : BackofNapkin.co (https://bit.ly/backofnapikin_CoastFI) — Our new favorite tool for determining when you can stop saving for retirement.
*Net Worth Tracking* : Empower Personal Dashboard (https://bit.ly/4eI9CZs)
*HSA Expense Tracker* : (https://bit.ly/HSATracker) — We document our healthcare expenses so we can tap our HSA at anytime without penalty. Here is the tool we use.
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CONNECT WITH US:
Website: https://coastficouple.com
Instagram: @coastficouple (https://bit.ly/4dIzhB1)
Contact us: info@coastficouple.com
DISCLAIMER:
Heads up, friends! This show might include affiliate links or partnerships where we earn a little something—whether it’s cash, commissions, or cool products. Rest assured, the opinions here are 100% ours and not influenced, reviewed, or approved by advertisers. Remember, we’re here to entertain and share our journey, not to give professional advice. For the serious stuff, consult a pro!
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