“Financial Independence, Retire Early” planning, or the FIRE movement, for short. More than 30 years old, FIRE is once again becoming a popular financial topic.
If you're a millennial, retirement may barely register in your consciousness. Between paying down student loans, trying to take that first step on the housing ladder, or other financial priorities, you may have little time to think much about your life 35 years from now.
As someone saving for their retirement, you may want to periodically revisit your investing and financial strategies as well as your timetable for retirement.
Health care in retirement is available from many sources. Government programs (such as Medicaid and Medicare) offer numerous health care benefits.
David Frederick, Director of Client Success and Advice at First Bank Wealth Management, shares insight on the factors that will determine the prospects of a successful retirement and the value of wealth planning in preparing for retirement.
David Frederick, Senior Vice President and Director of Client Success and Advice at First Bank Wealth Management, discusses the basics of retirement planning, including what retirement is, how to save for retirement, and when to retire.
David Frederick, Director of Client Success and Advice at First Bank, discusses saving for retirement during different stages of life in this month's Wealth Management video.