Advising Clients Interested in FIRE

Part of the job of a financial adviser is focused on helping clients achieve financial independence and to accumulate a sufficient amount of resources to fund the retirement lifestyle they desire. Arising out of the 2008 financial crisis, the FIRE movement – which stands for financial independence, retire early, has caught the attention of many, from Gen Xers to millennials.

Here are some thoughts on how to advise clients who might be embracing the goals of the FIRE movement.

The FIRE movement embraces the goals of achieving financial independence at a relatively early age and then retiring early. Both the “FI” and “RE” parts mean different things to those trying to “achieve FIRE” as the saying goes.

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