Ep 553: Is Coast FIRE a Myth? What Can Go Wrong When You Stop Saving

Everyone dreams of the day they can stop saving for retirement. And a growing number of people say they can get there early by hitting their Coast FIRE number: the moment you’ve invested enough that you can stop contributing to your retirement savings and let compound growth do the work. But is it as simple as hitting a number? Jean sat down with Erin Moriarity, creator of the YouTube channel Erin Talks Money, about when you can really ease off saving, what can derail the plan, and how to spend with confidence once you get there. In this episode: How Coast FIRE works, and the crossover point when your portfolio grows by more in a year than you add to it What to do if you’re playing catch-up in your 50s and 60s How Erin plans to build her own Forever Paycheck Jean is hosting a free Forever Paycheck book club November 17th at 7 ET. Sign up here!  Learn more about your ad choices. Visit megaphone.fm/adchoices