Here, at The Motley Fool, our goal is to make the world smarter, happier, and richer. And at the very least, those last two are entirely in line with the goals of the FIRE movement -- the acronym stands for Financial Independence/Retire Early. It’s a fine idea in principle -- live somewhat frugally, work hard, save and invest intensively, and then retire decades ahead of the traditional timeline to enjoy the fruits of your labors. Even if its proponents don’t jump straight to full retirement, their goal is to put themselves in a financial position where they have sufficient resources to feel fully in control of their lives.
But even if you can set yourself up to cover your normal expenses, your health can take unpredictable turns, and insurance and medical costs in this country are still out of control -- especially if you don’t have an employer chipping in. For this episode of the Motley Fool Answers podcast, hosts Alison Southwick and Robert Brokamp have invited Jonathan Mendonsa and Brad Barrett, creators of the ChooseFI website and podcast, to explain about how the FIRE lifestyle works, and in this segment, they talk about how ultra-early retirees can cover health insurance without breaking the bank.
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How to Get Health Care if You Retire Early investors bank email | |
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| News & Politics | Upload TimePublished on 21 Oct 2018 |
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