Coast FIRE vs. Traditional Retirement: Which Path is Right for YOU?

Marriage Kids and Money: Personal Finance for Families

Andy Hill

Investing, Business, Kids & Family, Parenting

4.9 • 604 Ratings

🗓️ 17 June 2025

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

Coast FIRE is when you've saved enough for retirement that you no longer need to contribute—just cover your current expenses and coast. But how does it really compare to traditional retirement? We'll break down the pros and cons of both so you can decide which path fits your family's lifestyle and financial goals best. Next, we’re back with our Coast FIRE Family segment. This month, we’re featuring Jason Edwards from Rhode Island. Jason and his wife Amber reached Coast FIRE with $1.2 million invested. He shares how they did it, the role adoption played in their journey, and how they're now focusing on building generational wealth. Lastly, my son Calvin joins me for another “Good Word” segment. With school wrapping up, we're talking about generosity, favorite teachers, and celebrating the good in the world—because sometimes, you just need a little positivity. Resources Mentioned: Coast FIRE Calculator Crunch your numbers and find out how close you are to achieving Coast FIRE: 👉 marriagekidsandmoney.com/calculators/coast-fire Empower Track your net worth and financial progress for free: 👉 marriagekidsandmoney.com/empower Monarch Money Budget and plan your financial goals as a couple: 👉 marriagekidsandmoney.com/monarchmoney Nectarine Financial Get fee-only, fiduciary advice with no product pitches: 👉 marriagekidsandmoney.com/nectarine (or include affiliate link if available) Podcast Chapters: 00:00 – Introduction: What Retirement Means to You 01:00 – Segment 1: Coast FIRE vs. Traditional Retirement 09:00 – Planning Your Retirement: Tools and Tips 12:50 – Segment 2: Jason Edwards' Coast FIRE Journey 13:45 – Jason’s Investment Strategy & Net Worth Breakdown 20:25 – Work, Income, and Family Expenses 24:00 – Adoption and Raising a Child 25:50 – Experiences Over Excess: Jason’s Retirement Philosophy 27:30 – Generational Wealth and Legacy Goals 29:45 – Advice for Future Coast FIRE Achievers 30:59 – Segment 3: A Good Word with Calvin Hill 33:00 – A Story of Student Generosity and Apple’s Support 34:15 – Celebrating Great Teachers 35:45 – Final Thoughts and Quote of the Day HOW WE MAKE MONEY + DISCLAIMER: This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products. Opinions are the creators alone. Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice. Marriage Kids and Money (www.marriagekidsandmoney.com) is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com. CREDITS: Podcast Artwork: Kayli Johnson Editor: Johnny Sohl Podcast Support: Nev Maraj Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	It's important to be clear on your goals.
0:04.2	That will help you weigh the pros and cons of both types of retirements to determine which is best for you.
0:17.7	This show is dedicated to helping you, strengthen your family tree, and live financially free.
0:23.0	Welcome to the Marriage Kids and Money podcast, everybody.
0:25.1	This is Andy Hill, and today we're going to do three different things.
0:29.4	First, we'll be reviewing Coastfire versus traditional retirement.
0:33.9	Yeah, we're going to go over the differences of these two and then you can decide which path is best for you.
0:39.3	Second, we're back with our Coast Fire family segment.
0:42.3	This month we're featuring Jason Edwards from Rhode Island.
0:46.3	Jason and his wife Amber achieved Coast Fire with $1.2 million invested.
0:51.3	He's going to share how they did it and what Coast Fire means for their
0:56.1	family. And last but not least, my son Calvin's going to be joining me for another good word.
1:01.5	With all the not so great news out there this year, Calvin and I are going to be celebrating some
1:06.8	good news. All right, let's jump into today's show.
1:11.8	What does retirement mean to you? For most of us, it means 40 plus years of working before
1:18.9	finally getting a taste of sweet freedom. But there are other options. In fact, one type of
1:25.1	semi-retirement called Coastfire has been gaining a lot of traction lately.
1:30.3	In this Coastfire versus traditional retirement showdown, we'll explore the pros and cons of
1:35.7	both types of retirement. Then you can see which type of retirement plans you might want to make.
1:42.4	Before we can compare the two types of retirements, let's find out exactly what Coast Fire and
1:47.0	traditional retirement mean.
1:49.0	First off, what is Coast Fire?
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