When I was working, it seemed that the climb toward our FIRE escape from MegaCorp was slow and steady. Each year our nest egg grew bigger. Sometimes faster, sometimes slower. Even in a very bad year like 2008, we managed to eek out some growth. It felt like the cards we were being dealt were always resulted in a pretty good hand. That has not … Continue reading Retirement Savings Volatility
No words of wisdom from the FIRE Station this morning – just some interesting numbers to put your journey to FIRE into some perspective: AGING 50% of Americans are retired at age 63 18 years is the average length of retirement 13% of the US population is over age 65 today 6.1K Americans turn 65 each day 10.K Americans retire every day 55% of Americans … Continue reading Numbers To Put Your FIRE Journey In Perspective
More than 15 years ago, some colleagues and I were talking about how effective we were in building our savings. We were all making a good living, but some were more successful in building their net worth than others. One colleague – a single guy with a snappy car – mentioned that he started out being a good saver, but had recently been spending too much … Continue reading Stop Saving, Start Spending In Retirement?