A Reddit user reconsidered his early retirement plans following a market crash that reduced his portfolio from $3 million to $2.7 million. Initially, he believed he had enough savings to retire comfortably after paying off his mortgage. However, uncertainties stirred by tariffs and the risk of economic recession prompted him to rethink his strategy. Being part of the FIRE Movement, which emphasizes financial independence and aggressive accumulation, he realizes the inherent risks related to relying solely on portfolio numbers rather than fixed retirement ages. Engaging a financial advisor is suggested for better asset allocation.
For one thing, he is part of the FIRE Movement, which stands for Financial Independence, Retire Early. He said that while many people set target retirement ages, people in the FIRE movement set target portfolio numbers.
After President Trump announced widespread tariffs and the stock market dropped, the poster found that his portfolio was down to $2.7 million and he was afraid the market would fall further.
There's also a great deal of economic chaos going on right now, including many experts warning of a recession.
Of course, the tariffs were paused and stocks started to bounce back, but there's still a lingering threat of tariffs coming back in the future.
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