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Mastering Financial Freedom: The Three-Bucket Strategy for Coast FIRE

In this episode of The Retire Early Retire Now podcast, host Hunter Kelly, a certified financial planner, discusses the concept of Coast FIRE (Financial Independence Retire Early) and introduces the three-bucket strategy as a practical approach to achieving financial independence. Hunter explains the importance of balancing short-term security, mid-term flexibility, and long-term retirement independence through the use of three distinct financial buckets: the emergency fund, the brokerage account, and retirement accounts. Each bucket serves a specific purpose, from providing immediate financial security to offering flexibility for early retirement or career changes, and ensuring long-term financial stability. Kelley also shares real-life examples and emphasizes the importance of planning and structuring investments to meet Coast FIRE goals while maintaining financial freedom and security. Listeners are encouraged to leave a five-star review, share the podcast, and reach out to Kelley for personalized financial advice.

00:00 Introduction to Coast FIRE
00:40 The Three Bucket Strategy Overview
02:51 Bucket One: Emergency Fund Essentials
08:24 Bucket Two: The Flexibility of Brokerage Accounts
13:12 Bucket Three: Long-Term Retirement Accounts
17:42 Integrating the Three Buckets
18:51 Conclusion and Final Thoughts

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Understanding and Calculating Your Coast FIRE Number

In this episode of The Retire Early, Retire Now podcast, host Hunter Kelly, delves into the concept of Coast FIRE (Financial Independence Retire Early) and how to calculate your Coast FIRE number. The discussion covers the essentials of Coast FIRE, the importance of balancing immediate financial needs with long-term retirement goals, and the steps involved in reaching your Coast FIRE number. Hunter explains how to determine your retirement spending goal, apply the 4% rule, and calculate present and future values. Additionally, he emphasizes the need for periodic reassessment of goals, managing lifestyle inflation, automating savings, and mitigating risks such as market volatility and inflation. By the end of the episode, listeners will have a comprehensive understanding of Coast FIRE and actionable steps to achieve financial flexibility and independence.

00:00 Introduction to Coast Fire
01:53 Understanding Coast Fire
03:48 Calculating Your Coast Fire Number
04:11 Setting Retirement Spending Goals
06:46 Applying the 4% Rule
07:48 Present Value and Future Value
09:13 Reaching Your Coast Fire Number
12:11 When to Start Coasting
18:55 Steps to Achieve Coast Fire
23:43 Considerations and Risks
25:47 Conclusion and Final Thoughts

Check out the Palm Valley Wealth Management Website
PalmValleywm.com

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Lifestyle Design While Coasting: Flexibility and Financial Freedom

In this episode of The Retire Early Retire Now podcast, host Hunter Kelly, a certified financial planner, discusses lifestyle design as the next step after achieving 'coast fire'—a state where your savings and investments are sufficient to carry you to retirement with minimal new contributions. Hunter explores the concept of flexibility, both in terms of time and money, and shares practical steps to start designing a life that balances financial independence with meaningful, fulfilling activities. The episode also includes advice on tracking savings, automating investments, and the importance of aligning financial decisions with personal values. Finally, Hunter emphasizes the significance of implementing aspects of your desired retirement lifestyle even before hitting your full coast fire number.

00:00 Introduction to the Podcast
00:17 Understanding Coast Fire
02:26 The Importance of Flexibility in Lifestyle Design
04:23 Practical Steps to Achieve Flexibility
07:37 Balancing Trade-offs and Values
11:03 Implementing Lifestyle Design Now
18:33 Recap and Final Thoughts
19:04 Conclusion and Call to Action

Check out the Palm Valley Wealth Management Website
PalmValleywm.com

Check us out on
Instagram
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Listen to the Podcast Here!
Apple
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