FIRE movement’s hidden risks: Why early retirees regret quitting too soon
The Financial Independence, Retire Early (FIRE) movement continues to spark debate over its benefits and risks. While some early retirees warn of loneliness and regret over missed experiences, others stress the dangers of delaying retirement for too long. Experts and practitioners alike are now sharing lessons on balancing wealth-building with personal well-being.
Alan and Katie Donegan, who reached financial independence in 2019, caution against relying on financial advisors. They argue that high fees often lead to poor returns, leaving individuals worse off than if they managed their own investments on yahoo finance or google finance.
The FIRE movement offers financial freedom but demands careful planning. Early retirees stress the need for strong relationships, hobbies, and intentional spending to avoid isolation. Meanwhile, experts urge against excessive delay, reminding people that time, unlike money, cannot be recovered.
