Part 8/9:
The creator highlights the importance of a solid plan for health insurance and other benefits. Even in countries with universal healthcare, such as Canada, there are many essential aspects, like dental care and therapy, that are not covered. To avoid financial catastrophe in case of unexpected health expenses, the creator suggests having private insurance coverage or exploring self-insurance as options.
Bonus Consideration: Coastfire for Additional Security
Finally, the creator introduces the concept of "coastfire," where one has enough savings for retirement that they could stop contributing and still manage to retire comfortably. Achieving this status would provide extra security and lessen anxiety about retirement savings during a potentially financially unstable period.