Elena Kodama, a 31-year-old software engineer, intends to leave her lucrative position to pursue a Coast FIRE lifestyle. This approach emphasizes financial independence while allowing part-time work, enabling her to spend more time with family. Through aggressive saving and investment strategies in her 20s, including maximizing 401(k) and IRA contributions, she amassed $150,000 in total savings. Alongside her reselling business and YouTube channel, she aims to generate sufficient income to support her retirement goals, aiming for over $1.5 million in retirement funds by her 60s.
"Coast FIRE is a version of financial independence combined with a retirement savings strategy. It's about easing up, stepping away from high-pressure careers, and living on your terms."
"Once I started working, I maxed out my Roth IRA and 401(k), saving about $100,000 in four years. Saving aggressively in my 20s is what will allow me to do this."
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