What’s the average retirement age? Somewhere around 65, right? Give or take a few years depending on each individual’s plan, savings, work and lifestyle preferences, and medical condition.
It’s also less and less unreasonable for people to retire around 70 and this can be linked to a number of factors- some of them pleasant, some of them not so much. For example, some might enjoy working, they don’t have any medical conditions holding them back or they might need a few extra years to solidify their savings.
On the opposite end of the spectrum, there’s the F.I.R.E. movement. This community of young finance people aims to retire as early as 30 or 40! Could you imagine that? Does it sound too good to be true?
Well, there certainly are pros and cons to any financial and lifestyle decision, and today we want to uncover them all!
Before we get into the nitty-gritty, let’s look at the specifics of this new and exciting movement! If you feel like you too should retire 20, if not 30 years earlier, you need to know what you’re getting yourself into.