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Many older people are finding it harder and harder to retire these days. With rising housing cost, medical costs, and overall lack of financial planning people are finding it hard to make it by with more and more companies getting rid of pension plans and the fear of social security going away in the near future. At the same time there is a growing number of people joining the FIRE movement, which mean Financial Independence, Retire Early, and they have been able have achieve an unconventional retirement at very young ages, with some being in their 30's or even 20's. They have managed to do this through aggressive savings, high incomes, and smart investment decisions. So what is going on the retirement these days?
By JustinMany older people are finding it harder and harder to retire these days. With rising housing cost, medical costs, and overall lack of financial planning people are finding it hard to make it by with more and more companies getting rid of pension plans and the fear of social security going away in the near future. At the same time there is a growing number of people joining the FIRE movement, which mean Financial Independence, Retire Early, and they have been able have achieve an unconventional retirement at very young ages, with some being in their 30's or even 20's. They have managed to do this through aggressive savings, high incomes, and smart investment decisions. So what is going on the retirement these days?