Re: Risk/Reward of ER
Very well put. I saw my parents save their whole lives, and the FIRE'd 12 years ago at age 57. I want to be like them, but FIRE at 52. My dad (who takes care of the finances) is very risk averse, and although I didn't at the time know how much they retired with, I knew they wouldn't do it unless they were SURE they'd be OK.
We have longevity on both sides of my family - late 80s to mid-90s for my grandparents, so the risk of running out of money feels high.
Although I have been saving since I started working, several things in the last few years have solidified my desire to enjoy my life as much as possible, and convinced me to FIRE as soon as I can - a friend of mine died of leukemia at 42, and I wrecked my car but walked away unscathed. Both events made me think hard about choices in life.
That, plus I see how much fun my parents are having in retirement! They are two of the most active and busy people I know, and they love it.
(whose parents are on their way from FL to their home in NH now that winter is winding down)
Two roads diverged in a wood, and I - I took the one less travelled by...