Should You Expect the Unexpected?

Someone posted an interesting question on Early-Retirement.org recently that caught my attention.  Just a few months from reaching FIRE (financial independence & retiring early), a person asked the collective wisdom of the ‘Life After FIRE’ forum if their early retirement was what they had planned on, or something different. The post generated a lot of…

Personal Finance Milestones – What’s Ideal?

BankRate.com recently published the results of a survey where they asked people about what the “ideal age” was for certain personal finance milestones.  I thought it was interesting to look at the results and compare to our experience (and our son’s) in reaching FIRE (financial independence & retiring early). Here are some of the milestones:…

Betting On The 4% Rule Alone?

Is your early retirement in the cards? The famous Trinity Study by William Bengen in the 1980s, was the first major analysis to put forth the idea of 4% annual safe withdrawal rate of your nest egg for retirement living expenses. It’s become a popular rule of thumb for people thinking about how much they…

Second FIRE Anniversary – Financial Tracking Update

I got an email from a friend from high school recently asking how our early retirement financials are holding up since it has been two years since our FIRE escape.  He wanted to know if we were trending over or under our projections.  Stated another way, he said “I want to know if I can…

Umbrella Coverage – Protect Your Nest Egg

It’s finally looking like Spring in Minnesota, although we haven’t had any rain yet. Folks on a journey to FIRE know to set aside money for a rainy day, but the great majority of people do not carry a big enough umbrella insurance. That is, an umbrella policy that pays for liability judgements above the…

Are You Retiring ‘Early’?

I retired much earlier than most people. I was 49 years old, just two weeks short of my 50th birthday. As I talk with people about early retirement, I find that most people don’t really know how early is ‘early’. The average retirement age in the USA is 62. That’s a bit higher than it…