r/Fire•
Patient-Brief-9713

Easing into early retirement: Coast FIRE or one-more-year syndrome?

I've been saying that I would retire on April 1st, at the age of 56 (already reached FIRE number). Now I am thinking: hmmm, maybe I will just work through the summer. I have been preparing for early retirement on a gradual basis: I quit being an employee a few years ago and became an independent consultant. For 2026, I reduced my client workload so that I only work around 15 hours per week ($200/hour, in case you are curious). It's nice to have a little money still coming in, as it's enough to cover basic expenses. I hate to think that I am getting stuck in one-more-year syndrome. I still plan to fully retire in 2026. I don't like the work, but I like the feeling of security from that money still coming in. Maybe I should consider myself Coast FIRE now?

By the way: For me, being an independent consultant is so much better than being an employee. If you are in a position to do this, give it some real consideration. Even though it doesn't have the financial benefits of being an employee (no bonuses or equity, no subsidized health insurance), it works better for me personally. I love so many aspects of it: not having to deal with the corporate culture BS, working remotely from my home, and having so much control over my time and which assignments I accept. The biggest downsides: using ACA health insurance, the self-employment tax, the risk that the client work may dry up.

Posted Mar 5, 2026, 8:00 PM UTC

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