Fat FIRE vs. coast FIRE
Coast FIRE is similar in concept to fat FIRE, but once you reach your investment goal, you’ll continue working until you’re closer to retirement age, but with different savings and spending strategies – now you’re “coasting.”. Once you reach your FIRE number, you can stop contributing to your retirement accounts to free up more disposable income, or keep contributing to give yourself even more cushion at retirement.
Fat FIRE vs. barista FIRE
Another retirement option is barista FIRE. With this strategy, you’ll keep working but shift your focus to low-stress, part-time work. This strategy means you’ll still earn some money to help with expenses (and keep your health insurance coverage if possible) rather than needing to live solely on your investments. As a bonus, holding a part-time job after retirement – particularly one in a physical location, such as a coffee shop – can help stave off the disconnectonmany people experience when they stop working.