Will the COVID-19 destroy or reshape the FIRE movement? - Forbes

How has the COVID-19 pandemic affected the Financial Independence, Retire Early (FIRE) movement?  Will it destroy it or just reshape it? Many of the members of the movement have no experience with a serious downtown so this could serve as a valuable lesson on how to handle them in the future. Will you simply adjust the safe withdrawal rate with your portfolio value or temporarily go back to your pre-retirement career? In Jeff Rose’s column for Forbes, he states, “It’s premature to declare the FIRE movement is over, more than anything, members of the movement need to use the current crisis as a blueprint for future disruptions.” To read Mr. Rose’s advice on how to weather this economic downturn click here…

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