3 Things the FIRE Movement Gets Right About Retirement Savings and 3 Things It Gets Wrong
(WorldNews Business)

How does leaving the workforce 20 to 30 years earlier than your peers sound? That`s exactly what the Financial Independence, Retire Early (FIRE) movement is all about. It involves saving and investing aggressively while you`re young and living frugally so you can afford to retire much sooner than the average person. It sounds like a novel concept, but it actually leverages some tried-and-true retirement savings principles, just carried out at a slightly different pace. Yet it also relies upon some assumptions that could threaten your retirement security if you`re not careful. Here`s a closer look at three things the FIRE movement gets right and three things it gets wrong. Image source: Getty...