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

Investment Returns, Conservative Projections, Low Growth, Early Retirement, Retirement Planning

The Case for Conservative Early Retirement Investment Projections

We’re all getting conflicting signals right now: From financial analysts predicting lousy returns for the foreseeable future, and from early retirees reporting how they’re beating their projections every quarter. We could take away two very different lessons from this dissonance: that we need to make sure our plan is extra solid and based on low projected returns, or that we’re probably overthinking it all and working longer than we need to. We have an opinion on this (always do!), and share why we’re taking the more conservative approach, because: recency bias. Continue reading The Case for Conservative Early Retirement Investment Projections

Countdowns and Disbelief // 2017 Q1 Financial Update

This year has been flying by, and we can’t believe it’s already time for our first quarter update. And it’s not just numbers on our minds — getting this close to retirement has us feeling all kinds of contradictory feelings, and the recent market boom has us in a state of disbelief. Continue reading Countdowns and Disbelief // 2017 Q1 Financial Update

The Importance of Pacing Yourself on the Road to Financial Independence

Reaching financial independence is, more than anything, a waiting game. Especially for those who follow a passive investment strategy like indexing, there’s very little thinking to do once you set your plan in motion. But, the journey still takes years, often many years. Here’s why it’s so critical to pace yourself on that journey. Continue reading The Importance of Pacing Yourself on the Road to Financial Independence

Pressure Test Your Financial Plan with the Five What Ifs

It’s so fun and exciting to plan for financial independence and early retirement that it’s easy to focus only on what happens when things go well. But it’s important to pressure test our plans to make sure they will still hold up even if (or when!) things don’t go as planned. Here’s our suggestion on one way to do that. Continue reading Pressure Test Your Financial Plan with the Five What Ifs

To Travel Long or Travel Short? // The Start of Real Retirement Planning

Something we’re starting to realize is: What we all call retirement planning isn’t really true retirement planning. Money is only a tiny piece of this, and not what most of us will be thinking about daily once we stop working. Real retirement planning is planning for all the rest of life that comes post-career, and for us, a big part of that is travel. So we’re shifting now into *real* retirement planning, and thinking through those big travel questions like how long to stay out, and where to go first. Continue reading To Travel Long or Travel Short? // The Start of Real Retirement Planning

The Great Flip-Flop // How We’ve Reversed Roles on Our Retirement Timing

Lately I’ve been making it sound like we both want to retire as soon as humanly possible, but that’s not true. I’m the one who wants out ASAP, while Mr. ONL is playing the role of the financially prudent one and trying to keep us working for one more year, as we’d always planned. But that’s not where we started — he used to be the one who wanted to quit ASAP, while I wanted to be sure we were prepared times ten. Today: the story of our retirement timing role reversal. Continue reading The Great Flip-Flop // How We’ve Reversed Roles on Our Retirement Timing