Category: Financial independence

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It doesn’t take much to send a solid retirement plan off the rails. Fortunately, the likely causes of retirement failures are well-known and often avoidable. When you know the most frequent causes, you’re more likely to avoid losing your financial independence and security.

Helping too much. People often dip too far into their retirement funds to help loved ones.

Many parents don’t like to turn down requests for help or see their children deprived. Some are too proud to tell their children they can’t afford to help. Most grandparents, of course, like to spoil their gr…….

​When Nicole Gosz and her husband started following FIRE, “we focused on living on as little as we could,” she says. She spent $12 in one year on makeup, for example — beauty e-tailer SkinStore reports the average woman spends $8 per day on makeup — “and I coupon and layer that on top of sales.” She says she and her husband eat 90 percent of their meals at home.​

And that’s not even the hard part. Retiring early from a full-time job means having to buy health insurance, the cost of which goes up with age, and living without the safety net of Social Securi…….

getty

It doesn’t take much to send a solid retirement plan off the rails. Fortunately, the likely causes of retirement failures are well-known and often avoidable. When you know the most frequent causes, you’re more likely to avoid losing your financial independence and security.

Helping too much. People often dip too far into their retirement funds to help loved ones.

Many parents don’t like to turn down requests for help or see their children deprived. Some are too proud to tell their children they can’t afford to help. Most grandparents, of course, like to spoil their gr…….

​When Nicole Gosz and her husband started following FIRE, “we focused on living on as little as we could,” she says. She spent $12 in one year on makeup, for example — beauty e-tailer SkinStore reports the average woman spends $8 per day on makeup — “and I coupon and layer that on top of sales.” She says she and her husband eat 90 percent of their meals at home.​

And that’s not even the hard part. Retiring early from a full-time job means having to buy health insurance, the cost of which goes up with age, and living without the safety net of Social Securi…….

getty

It doesn’t take much to send a solid retirement plan off the rails. Fortunately, the likely causes of retirement failures are well-known and often avoidable. When you know the most frequent causes, you’re more likely to avoid losing your financial independence and security.

Helping too much. People often dip too far into their retirement funds to help loved ones.

Many parents don’t like to turn down requests for help or see their children deprived. Some are too proud to tell their children they can’t afford to help. Most grandparents, of course, like to spoil their gr…….

​When Nicole Gosz and her husband started following FIRE, “we focused on living on as little as we could,” she says. She spent $12 in one year on makeup, for example — beauty e-tailer SkinStore reports the average woman spends $8 per day on makeup — “and I coupon and layer that on top of sales.” She says she and her husband eat 90 percent of their meals at home.​

And that’s not even the hard part. Retiring early from a full-time job means having to buy health insurance, the cost of which goes up with age, and living without the safety net of Social Securi…….

getty

It doesn’t take much to send a solid retirement plan off the rails. Fortunately, the likely causes of retirement failures are well-known and often avoidable. When you know the most frequent causes, you’re more likely to avoid losing your financial independence and security.

Helping too much. People often dip too far into their retirement funds to help loved ones.

Many parents don’t like to turn down requests for help or see their children deprived. Some are too proud to tell their children they can’t afford to help. Most grandparents, of course, like to spoil their gr…….

​When Nicole Gosz and her husband started following FIRE, “we focused on living on as little as we could,” she says. She spent $12 in one year on makeup, for example — beauty e-tailer SkinStore reports the average woman spends $8 per day on makeup — “and I coupon and layer that on top of sales.” She says she and her husband eat 90 percent of their meals at home.​

And that’s not even the hard part. Retiring early from a full-time job means having to buy health insurance, the cost of which goes up with age, and living without the safety net of Social Securi…….

getty

It doesn’t take much to send a solid retirement plan off the rails. Fortunately, the likely causes of retirement failures are well-known and often avoidable. When you know the most frequent causes, you’re more likely to avoid losing your financial independence and security.

Helping too much. People often dip too far into their retirement funds to help loved ones.

Many parents don’t like to turn down requests for help or see their children deprived. Some are too proud to tell their children they can’t afford to help. Most grandparents, of course, like to spoil their gr…….

​When Nicole Gosz and her husband started following FIRE, “we focused on living on as little as we could,” she says. She spent $12 in one year on makeup, for example — beauty e-tailer SkinStore reports the average woman spends $8 per day on makeup — “and I coupon and layer that on top of sales.” She says she and her husband eat 90 percent of their meals at home.​

And that’s not even the hard part. Retiring early from a full-time job means having to buy health insurance, the cost of which goes up with age, and living without the safety net of Social Securi…….