In the context of planning for your retirement, it stands for Financial Independence, Retire Early and it represents a philosophy where people become committed to a program of what many would consider extreme savings coupled with investments that aim to enable individuals to retire much earlier than traditional budgets and retirement plans would permit. While going to an extreme is not something all of us would or can commit to, applying some of the principles of FIRE can help to provide an income we can’t outlive, and can do so within a relatively short time frame. Call us if this topic is of interest to you. We’re always here to help you explore options you may not be aware of.
Do you know what FIRE is?
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This commentary was created by a third-party for the Agent’s use. NTM 08-27.