As seen in Sunday Independent – September 8, 2019 – by John Cradden
FIRE (Financial Independence, Retire Early) advocates a lifestyle approach that enables people to build up enough savings and assets to cover their living expenses (often called ‘passive income’), or at least achieve a greater degree of financial freedom while they’re still young.
Paul Kenny, of the Retirement Planning Council, shared his insights regarding the importance of having financial independence so you have freedom to make other late-career choices.