Lighting a FIRE Under Your Retirement Goals
A popular online movement wants to make 40 the new 65. FIRE stands for Financial Independence Retire Early. The idea is that by working as hard as you can and saving as much as you can as soon as you enter the workforce, you can become financially independent and retire well before the traditional retirement age. It’s an appealing idea in theory, but in practice there are some major pros and cons to consider. PRO: You don’t have to work a job you don’t like. Of course, the bi
Does your investment advisor provide a financial plan?
Recent research by Vanguard shows that between 30% and 50% of clients do not get a financial plan from their investment advisor and that the smaller the client’s portfolio, the less likely they are to get one. In other words, the focus is on portfolio management versus financial planning. Lyon Park sees this as backwards; it’s like focusing on how fast you’re going without considering where you’re going and whether or not you’ll get there. A rocket ship will take you to the
