3 Things the FIRE Movement Gets Right About Retirement Savings and 3 Things It Gets Wrong
How does leaving the workforce 20 to 30 years earlier than your peers sound? That's exactly what the Financial Independence, Retire Early (FIRE) movement is all about. It involves saving and investing aggressively while you're young and living frugally so you can afford to retire much sooner than the average person.
It sounds like a novel concept, but it actually leverages some tried-and-true retirement savings principles, just carried out at a slightly different pace. Yet it also relies upon some assumptions that could threaten your retirement security if you're not careful. Here's a closer look at three things the FIRE movement gets right and three things it gets wrong.
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Source Fool.com