FYF 016: Retiring Early in a Recession with A Purple Life

Should you give up on early retirement? A Purple Life was planning to retire later this year at the age of 30, with a portfolio of $500,000. All of a sudden, there is a global pandemic and economic downturn, and her portfolio is not likely to reach half a million this year. Purple shares whether she is still planning to retire early, and how her plans might change to adjust for this new reality. We also have a bonus discussion where she shares work from home tips, since she’s been working from home for 3 and a half years.
We chat about:

• What this worst case scenario means for early retirement
• How to incorporate flexibility into your early retirement plans
• Dealing with market volatility near retirement
• Managing sequence of returns risk with a cash cushion

BONUS: Tips for working from home!

If you are wondering if early retirement is still realistic, take a listen to this episode. If you enjoy it, please subscribe and share with a friend. Also, leave us a rating and review on Apple Podcasts, I’d really appreciate it.

**Check out our previous episode with A Purple Life, Episode 3. **

Today’s sponsor is one-on-one coaching with Becky Blake from twentyfree.co and host of this podcast. As a money coach and lifestyle design expert, Becky helps people reach their biggest money goals, like paying off debt, building up savings and using their money to create their ideal life. She provides the proven tools to improve your finances, and accountability to make sure you take the action needed to change your life. Want to take the concepts you are learning on this podcast to the next level? Schedule your free 10-minute coaching call with Becky today!

Need someone to talk with about recent changes in your finances due to COVID19? Connect with Becky on a free 10-minute coaching call and discuss how she can help.

For more information, visit the show notes at https://www.twentyfree.co/episode16/

Тэги:

#find_your_freedom #fire #purple #a_purple_life #retire_early #financial_freedom #financial_independence #recession #coronavirus #covid19

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