The Paradox of Growing Up So We Can Avoid Growing Up // For those of us pursuing early retirement so we can be kids forever, there's an interesting paradox: we have to grow up to avoid growing up and early retire.

The Paradox of Growing Up So We Can Avoid Growing Up

I spend a lot of time talking about the nobler aspects of early retirement like how it will give us time to do more volunteering. But can we all be honest? We can do noble things in retirement, but the reason doesn’t have to be noble at all. For us, it’s all about what is most fun, and the answer is: not working. We want to retire early so that we can go back to being kids, but the paradox is that we’ve had to grow up big time to avoid growing up. Continue reading The Paradox of Growing Up So We Can Avoid Growing Up

Pre-Early Retirement To Do List // What To Do Before and After You Retire Early

The Before and After Early Retirement To Do Lists

Our early retirement might be right around the corner, but we still have a lot to do before the year is up to make sure that we’re truly ready to make the big leap. Then after we pull the plug, we have a different set of things to do. Here are our big lists of things to do before we retire early, and right after, as well as things we’ve already checked off the list this year. Are we missing anything? Let us know! Continue reading The Before and After Early Retirement To Do Lists

Make Time for What’s Most Important — Before AND After Retirement

I definitely fell into magical thinking for years of our retirement planning, thinking I’d have time to do everything I’d ever dreamed of after we quit: travel the world, write novels, learn a gazillion languages, solve world hunger — you get the idea. But after talking to many early retirees, I’ve had to accept: Time will always be limited. And if I care about accomplishing goals or living a life of meaning, it’s crucial to go into retirement with an eye toward making time for what’s important, and ruthlessly cutting out what’s not. Continue reading Make Time for What’s Most Important — Before AND After Retirement

OurNextLife.com // Is it a win or a fail to die with money leftover? "You can't take it with you" vs. leaving a legacy // financial planning, charitable bequest, charitable giving, retirement planning, legacy

Is It a Win or Fail to Die With Money? “You Can’t Take It With You” Vs. Leaving a Legacy

Lately we’ve been mulling over a question: Is it a win or a fail to die with money leftover? Of course we can’t know how long we have, but if we could, would we prefer to spend our assets down before we die, or to be able to leave a big legacy behind? There’s a lot behind this question, and today we dig into all of it! Continue reading Is It a Win or Fail to Die With Money? “You Can’t Take It With You” Vs. Leaving a Legacy

OurNextLife.com // Why “Saving Money” Usually Means Spending Money, and the Mindset We Foster Instead // avoiding the trap of chasing deals and seeing spending as "saving"

Why “Saving Money” Usually Means Spending Money, and the Mindset We Foster Instead

It is a natural thing to want to save money, and those of us pursuing huge financial goals innately find the idea of saving even more powerful. The problem comes when marketers deliberately blur the line between saving and spending, convincing us we’re doing one when really we’re doing the other. Today, recognizing when saving money is actually spending money, and how to keep the focus on the saving itself. Continue reading Why “Saving Money” Usually Means Spending Money, and the Mindset We Foster Instead

Why married early retirees should have a pre-FIRE agreement, prenup for early retirement, prenup for financial independence

More Than a Prenup, You Need a Pre-FIRE Agreement

We love that more and more people are talking about prenups these days (more financial transparency between partners is great!), but for those of us considering early retirement, we think a pre-FIRE agreement is even more important. After all, early retirement comes with its own set of major risks, some of which we’re insulated from to some extent as a couple, but others which become bigger risks for those who are married. Here’s how we’re navigating this. Continue reading More Than a Prenup, You Need a Pre-FIRE Agreement

Think Health Care, Not Just Taxes and Weather, When Deciding Where to Retire // Best states to retire to, states with best health care, best states for retirement health care, best states for health insurance

Think Health Care, Not Just Taxes and Weather, When Deciding Where to Retire

The world is full of rankings telling us where the best places are to retire, but they tend to focus a lot on state tax rates and weather, even though surveys say that people care less about taxes and weather than other factors like overall cost of living and health care quality. This post explores the health care quality factors we should all be weighting more heavily in deciding where to live in retirement, including some factors that none of the rankings take into account. Continue reading Think Health Care, Not Just Taxes and Weather, When Deciding Where to Retire