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For those yet to FIRE:
Is your target a dollar amount (which will support a desired lifestyle, security blanket, etc.), or is it a date (FIREing regardless of whether a specific asset amount has been reached, with appropriate lifestyle adjustments depending on the actual amount when the date is reached).
Let's assume that in both cases the asset amount is large enough to FIRE without being reckless.
I find myself moving a bit from the date target to an assets-on-hand target, probably a little more practical. It also holds the promise of FIREing sooner if the market surges. I should probably have a fail-safe date, too, so I don't fall into the trap of waiting too long and wishing I hadn't.
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Rich
Tampa, FL (ESR-bound. Really. I mean it. Seriously.)
As if you didn't know..If the above message happens to contain medical content, it's NOT intended as advice, and may not be accurate, applicable or sufficient. Don't rely on it for any medical purpose whatsoever. Consult your own doctor for all medical advice.
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