Sunday, 31 May 2015
FIRE. But Can Your FIRE Be Extinguished???
Read? Concluding Post on Early Retirement
So is your FIRE conditional?
Uncle8888 has been researching and reading whatever books he could find from NLB on the topics of retirement for quite sometime.
FIRE is just beginning of retirement and FIRE may be extinguished sooner than expected. As retirees in the Land of Wealth or Assets Decumulation; do we still have the financial means or strength to participate in future massive right issues? We don't! Right?
FIRE just means we have reached the Edge of Financial Independence; but there is some works to be done. We have to move deeper into the Land of Wealth/Assets Decumulation to secure the Last Milestone i.e. Sustainable Retirement Income For Life across future market cycles over the next few decades and at the same time overcoming decades of future inflation!
The key is how can we make it sustainable and FIRE will not extinguish before we expired.
Read more? Retirement Planning Room
I have a new challenge for myself. Double asset value after you retire.
ReplyDeleteDouble after how many years? Remember Rule of 72
DeleteMasochism?
ReplyDeleteCall it a simple but fulfilling life.
ReplyDeleteAh so!
Delete