this post was submitted on 14 Aug 2023
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FIRE (Financial Independence Retire Early)

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Welcome!

FIRE is a lifestyle movement with the goal of gaining financial independence and retiring early.


Flow Charts:

Personal Income Spending Flow Chart (US)

Personal Income Spending Flow Chart (Canada)

Finance Flow Chart (UK)

Personal Income Spending Flow Chart (Australia)

Personal Finance Flow Chart (Ireland)


Useful Links:

Bogleheads Wiki

Mr. Money Moustache - a frugal lifestyle blog

The Earth Awaits


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[–] [email protected] 1 points 1 year ago* (last edited 1 year ago)

Yup. I'm getting close as well, so like 10 years give or take depending on what the market does.

I'm planning on a glide path like ERN describes in his SWR series. Basically, I'll start buying bonds about 5 years from retirement, then move back to equities during the first 10 years of retirement. Or maybe I'll do it over 20 years, i haven't decided. I'll basically be going somewhere between 20-40% bonds depending on how close I am to me FI number, the closer I'm cutting it, the higher my bond allocation will be.

That said, bonds are looking pretty attractive right now. T-bills are around 5-6%, and they seem to be stabilizing, so longer term bond yields will likely be going to unless we have a recession. I've been switching my efund to t-bills, and if longer term bond yields go up, I might start my bond tent a little earlier than planned.