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Subject:  Re: OT: KISS Date:  8/10/2002  1:58 PM
Author:  intercst Number:  73400 of 882494

CatherineCoy asks,

<<<Is there anything more KISS than being FIRE with a 4% SWR from a portfolio of 15 to 25% in FI and 75 to 85% in a broad based index fund (and NO real estate whatsoever)? >>>>

I would like to discuss what to do if one is behind schedule. All the points in the KISS post are dead-on, but what if you are 40 or 45 and you haven't saved 25 times your income? This is where alternative investments MAY become viable. Are there any strategies (not get rich quick schemes) that MAY allow someone to (1) accelerate their LBYM and (2) take some risk to reach the point where their anticipated retirement needs can reasonably be met?

There was a poll a while back as to whether one is FIRE. A disheartening number indicated they were far from it. Is there room for them on this board?

Maybe we need a "Far from FIRE" board for those that see no merit in reducing expenses, avoiding debt, and saving prodigiously in pursuit of early retirement. I made an attempt at starting such a board a while back:

For those that have come late to the party, there's really no secret strategy, just spend less and save more.

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