We also explore strategies for automating your retirement savings and making the most of low-cost index funds to grow your wealth efficiently. Plus, Matt shares his personal journey, offering insights into common mistakes and pitfalls to avoid along the way.
Join us for an episode packed with actionable advice, expert tips, and valuable resources to help you and your partner work together toward achieving Financial Independence. It’s time to take control of your financial future—one bucket at a time!
Timestamped Overview:
05:19 Take company match; it's essentially free money.
06:56 Find low expense ratio index funds, ideally 0.04% or less.
12:24 HSA: Best retirement account, triple tax advantages.
17:55 Max out Roth IRA; invest funds wisely.
22:26 Few Americans maximize 401(k) contributions; prioritize them.
28:36 Prioritize retirement savings over 529 college savings to ensure financial security and avoid burdening children.
32:04 Building Bridge 4 is a long, boring slog. Community is essential.
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.
________________________________________________________________________
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!
#CoastFIRE #CoastFI #FinancialIndependenceRetireEarly #FIRECommunity #PersonalFinance #couplesfinance #moneytips #QubeMoney #BudgetingApp #Financial Peace
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