Southbay
Confused about dryer sheets
Hi all. I just found this forum after starting to look into early retirement. Lots of good info but it's making my head spin just trying to sift through all the info and find/understand the basics. I just did a google search to find out what FIRE meant and what was this FIRECALC, so please excuse me for my ignorance
What is the recommended way to finance one's early retirement? Is it to accumulate enough wealth so that one can take 4% out every year during his/her retirement? Or is it to accumulate enough wealth so that one can just live off the interest/gains each year without touching the initial amount?
Maybe I'm really conservative but I always assumed that just living off the interest/gains was how I was going to retire early.
Thanks in advance for any advice for this newbie O0
What is the recommended way to finance one's early retirement? Is it to accumulate enough wealth so that one can take 4% out every year during his/her retirement? Or is it to accumulate enough wealth so that one can just live off the interest/gains each year without touching the initial amount?
Maybe I'm really conservative but I always assumed that just living off the interest/gains was how I was going to retire early.
Thanks in advance for any advice for this newbie O0