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Retirement Calculations

Snuffing Out FIRE Myths

The FIRE (Financial Independence/Retire Early) movement ignites feelings of skepticism in many. And “skepticism” might be putting it mildly. As the author of today’s article observes, “it seems that some just can’t help hating on FIRE. They claim few can save the amounts of money needed to retire on time, let alone early. They complain about the return assumptions used… 

“Easier Than You Expect”: How An Ordinary Person With A Modest Salary Can Become A 401(k) Millionaire

Thirty-four percent of workers who have calculated how much they need to save for retirement concluded their magic retirement number is $1 million – and the author of today’s article has some encouraging words for those striving to amass $1 million for retirement on modest salaries: “building your nest egg to that size can be easier than you expect…All you…