Editor’s note: Looking for the right retirement plan? Fill out the below questionnaire to have our vendor partners contact you about your needs. What is the Financial Independence, Retire Early movement? FIRE stands for Financial Independence, Retire Early. The movement prioritizes funding retiremen...
Clickherefor Excel’s built-in retirement template, which helps you plan for an awesome retirement. Retirement Planner FIRE Estimator Template During the pandemic era, there has been a surge in Financial Independence Retire Early (“FIRE”) online communities. This scenario is different than regular...
Initially, I did plan on more of a traditional retirement – hell, I even called it out when I named my blog “Route toRetire.” I had the dream of just sitting on the beach all day sipping piña coladas. But then I realized that would get old really fast. I always find ways to...
The FIRE concept’s popularity is no mystery, as the idea of retiring early with financial security is widely appealing. However, the journey to financial independence demands a mindset quite different from that of early retirement, creating an interesting contrast within the FIRE movement. Nonetheles...
Lean and Fat Fire are both completely arbitrary numbers too. They’re not based on a proportion of the population, so there’s no way to calculate these either. These all boil down to one question: How much do you plan to spend in retirement? If you know that, you can describe which...
You’re coasting toward retirement, not worrying about your job. This is for those who still want to work, but want leverage over your employment. Again, f-you money, not necessarily FI money. Lean FIRE There’s lean FIRE, which is my type of FIRE and what I preach. Their Reddit page...
You must ensure that the amount you plan to need in retirement is accurate. You accumulate generational wealth, set up arevocable living trustfor your kids, and realize that your heirs do not embrace your values. If you have a naturally frugal personality, Fat FIRE is probably not the best...
A few months ago, there was a Reddit post in which a 30-year-old discovered his parents (and in-laws) had accumulated retirement nest eggs in the tens of millions. And he wasfurious. Pretty upset right? But it begs the question,how much should parents be helping their kids?
As I get each new thing completed, it makes me so happy that I’ll be spending my retirement days at home in a place that I know is really pleasant to be. So even though I’m spending a lot of money right now, I think that it’ll pay emotional dividends in years to come, as ...
I feel quite bad now in hindsight about that, and found myself trying to be extra frugal in a futile attempt to make some of that back in retirement, which I know is unrealistic! I am in awe of some of the people who post comments underneath your blog posts, who are so switched on...