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Can I Go into Retirement Early With FIRE?

Success

If any of these scenarios sound ideal, you may be dreaming of a FIRE retirement lifestyle. It’s a movement that helps people take control of their financial independence by making trade-offs, such as extreme saving and budgeting early in their careers, to retire earlier in life—often decades ahead of a conventional retirement plan.

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In Retirement, Olympic Gold-Medalist Michael Phelps Is a Mental Health Advocate

Success

He has been transparent about his mental health struggles , including describing a crippling bout with depression in which he didn’t leave his room for four days. We want to move forward,” Phelps, who retired from swimming after the 2016 Olympics, tells SUCCESS. “We But optimism is not Phelps’ default position. We want to have hope.

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The Pandemic Accelerated Boomer Retirements

Small Business Labs

Louis found that the pandemic pushed about 3 million baby boomers to retire earlier than they would have otherwise. As the study chart below shows, the share of retired Americans has surged since the start of the pandemic, and is well above the trend line. The research note points out many of the excess retirees may not stay retired

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Economic Uncertainty is Driving Baby Boomers Back to the Workforce

Allwork

sped-up their retirement plans due to layoffs, health concerns, and changing work attitudes — contributing to what was termed the “Great Retirement.” Rowe Price’s Retirement Saving & Spending Study, 20% of retirees continue to work full- or part-time, and 7% are actively job searching.

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5 Long-Term Financial Goals and How to Achieve Them

Success

Your long-term goals are an important aspect of your financial health. In this article, we’ll go over examples of some long-term financial goals, as well as some tips to help you get started. Most people enter the workforce with over 30 years until retirement, so the sooner you can start saving, the more wealth you can build.

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U.K. Moves Toward Flexible Work, Yet Stigmas Remain

Allwork

for its role in balancing mental and physical health needs in the workforce. According to an article published by Yahoo Finance , women are more likely than men to be working in part-time roles — citing research published by The House of Commons Library which revealed that 37.8% of women in employment were working part-time.

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The FIRE Movement (Financial Independence, Retire Early) and Independent Work

Small Business Labs

The New York Times article  How to Retire in Your 30s With $1 Million in the Bank nicely covers the " growing movement of young professionals who are intently focused on quitting their jobs forever." " It's called the FIRE movement and the acronym stands for Financial Independence, Retire Early.