The “semi-retired” lifestyle seems to go against everything early retirement chasers have been taught. For years, it’s been pushed into our brains that “retirement” is one stark event. You retire once, do what you want for the rest of time, and that’s that. But life doesn’t always go that way. Today’s guest Amanda has spent the past two decades raising children, working, and focusing on getting an advanced degree. Now, with extra money coming in she’s finally in the position to invest.
Amanda wants to have the option to work part-time in her mid-fifties so she can spend time with her future grandchildren. She doesn’t oppose a semi-retired lifestyle but wants to make sure she has the assets to support this financial flexibility she’s chasing. She’s investing in her retirement accounts, saving up a strong cash surplus, but knows that as she makes more money in the future, she should have a better plan on where to put it.
Scott and Mindy walk through the ways Amanda can optimize her lifestyle for future retirement. In just a few years, Amanda will have a high income, with the ability to invest in passive income streams like real estate or simply funnel more money into smart stock investments. But at the stage she’s currently at, which is the smartest way to set herself up for a post-nine-to-five life?
In This Episode We Cover
After-tax vs. pre-tax investment accounts and which to prioritize for early retirement
Pensions and whether or not they’re worth working at the same job for
HSA vs. FSA investing and how to maximize your tax-advantaged healthcare accounts
Index fund investing and how to aggressively invest without making things complicated
The four levers of financial independence and which to pull when you don’t have many assets
And So Much More!
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Finance Friday: How to Get to Early Retirement Even Faster
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