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. **

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.