The Truth About FIRE: 5 Methods to Reach Financial Independence
Brian Preston and Bo Hanson break down the Financial Independence Retire Early (FIRE) movement, explaining why traditional 4% withdrawal rates fail for early retirees and contrasting Lean FIRE (frugal, ~$2.3M needed) with Fat FIRE (luxury, ~$12.1M needed), while warning that locking in extreme savings rates ignores how lifestyle needs evolve with age.