No. of Recommendations: 12
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:

http://www.retireearlyhomepage.com/laterhp.html

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

intercst
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.