Financial independence
Risk & psychologyHolding enough capital that work becomes optional.
In plain terms
Annual spending divided by a safe withdrawal rate. A number you can check, not a feeling.
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 1 term
Holding enough capital that work becomes optional.
Annual spending divided by a safe withdrawal rate. A number you can check, not a feeling.