Financial independence is the name of the game. This is what we’re all striving for, regardless of when you plan to retire.
This section is focused on making money and keeping money.
I Bonds are great for maximizing returns on money held in emergency funds. These saving bonds are backed by the U.S. Government (100% safe) and indexed to inflation. Not only do I Bonds have higher interest rates than money market funds and CDs, but all interest is also free from state and local income taxes … Read more
Umbrella insurance is essential for most people pursuing Chubby FIRE. Everyone makes mistakes. Or sometimes we get blamed for mistakes that aren’t really our fault. That’s why we have insurance to protect us, our families, and our property. Problem is, our insurance isn’t perfect, either. And there are so many things likely to go wrong … Read more
A Roth IRA is an individual retirement account that lets you invest and withdraw money. Earnings grow tax-free and you can contribute up to $6,000 ($7,000 if 50 or older). Starting a Roth IRA can be a great idea if you want to achieve financial independence. But there’s a lot to unpack when it comes … Read more
As the financial independence movement has grown over the last 30 years, different categories of FIRE have emerged. From Coast FIRE to Fat FIRE, people have been trying to develop simple ways to explain their approach to retirement. Put simply, Chubby FIRE is the form of financial independence and early retirement pursued by the upper … Read more