Coast FI or Slow FI - Best Way to Retire Early - Kristen Knapp | MHFI 247

Doug chats with Kristen Knapp about the principles of Coast FI and Slow FI.  Going beyond mere definitions they explore the benefits of these strategies, including reduced stress & greater life satisfaction, along with insights into working part-time, investing strategies, lifestyle design, unexpected life events, and the significance of intentional spending & saving.  They also answer a couple related questions from the Facebook group.

Questions:

• Melanie – What’s the difference between SlowFI and just saving for retirement like a Regular Joe?
• David – I do have a question about Coast FI. When someone says they have saved enough to retire at a certain age in the future, does the sequence of returns risk from that moment hit them harder or softer? Retirees can reduce their spending to help themselves in the first few years of retirement if the market turns down. But if you’re drawing no money, I guess I don’t understand if that makes it safer or more risky.

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Links

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• Connect with Kristen
  • Email: [e-mail]
  • FI Friends Travel website
• Kennel Enrichment Program (Humane Society)
• MHFI Facebook group