FIRE Explained: Financial Independence, Retire Early – Rules, Types & Planning
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Where I put my money as soon as I get paid so that I can meet my goal to retire early (FIRE) Financial Independence Retire Early. Before I go into detail below, let me say this. Can we normalize money transparency and money discussions. Salary/Income transparency goes a LONG way!! ✔️ 401K - $19.5K / yr from me & $40.5K /yr from my business which is also me as I am my own employer ✔️ Roth IRA - $6K / yr ✔️ Brokerage Account - $60K / yr ✔️ My 9yr Olds Roth IRA, UTMA, 529 - $6K in his Roth and $6K
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