If classic FIRE doesn’t work, these FIRE variants offer practical, flexible alternatives to achieve financial independence.
When William Bengen tells me to check out a new book, I do. Bengen created the "4% rule" for retirement withdrawals decades ago, explaining how much retirees can safely spend each year without running ...
The FIRE movement involves saving aggressively so you can retire much earlier than normal. It often involves setting aside at least half your paychecks for retirement. This isn't a viable strategy for ...
The FIRE movement requires aggressive saving and present-day sacrifices to achieve early retirement. Most forms of FIRE involve saving at least 50% of your income each year. There are more flexible ...
The longer your retirement, the greater risk you have of outliving your savings. Reentering the workforce, if necessary, could prove challenging for those who have been retired for years. Most FIRE ...
FIRE is based on a frugal investing and saving approach. The aim is to save enough to live on passive income so that you can retire two to three decades ahead of schedule. Saving 50%or more of your ...