this post was submitted on 17 Jul 2023
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FIRE (Financial Independence Retire Early)
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FIRE is a lifestyle movement with the goal of gaining financial independence and retiring early.
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Are you thinking in terms of fixed and flexible spending and eyeing something like VPW to budget the flexible spending or are you thinking more in terms of a fixed withdrawal rate that’d cover your expected fun budget too?
I mostly just plan in terms of a fixed rate that should cover all of my spending. While I expect in retirement I will probably see more of a variable withdrawal rate, I haven't worked that level of calculations into my plan. That probably won't be a consideration for me until I'm actually at my number and starting to calculate out if I'm comfortable retiring at it or not.