The Rule Of 25 To Know How Much You Need For (Early) Retirement
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When you are striving for financial independence and early retirement, it is important to know how much money you need to retire.
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The rule of 25 is a way to calculate how much money you need for (early) retirement. That amount is 25 times your expected expenses in retirement.
What Is The Rule Of 25?
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The 4% rule states that if you withdraw 4% of your portfolio annually, you can live on that portfolio for an indefinite amount of time.
Linking The Rule Of 25 To The 4% Rule
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Whether you’re flexible in retirement or you never want to work again, there are some things you can do to improve your chance of a successful retirement:
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· Pay attention to the first 10 years. · Extra income. · Reduce your costs. · Keep track of your finances.
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FOR MORE ABOUT THE RULE OF 25, VISIT RADICAL FIRE
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