A&I Wealth Management > Blog > Financial Advice Services > Next Generation > FIRE: Financial Independence, Retire Early

Apparently, some millennials don’t want to work the rest of their lives. Maybe you are one of them!

Are you working toward FIRE, or Financial Independence, Retire Early?

Actually, retiring early requires a lot of figuring out!

“Figuring out how much money you will need in retirement requires knowledge far beyond most people’s grasp—and far beyond the grasp of even many professionals,” source below.

If you are, or you know, one of these folks ready to hang up the cleats before the government-ordained retirement age, make sure to contact a financial advisor at AIWM. Here is some advice you could forward to them.

Decide what are you retiring into

What makes the biggest difference in retirement is not what you are retiring from, but what you are retiring to. What are you going to do? Be specific! It is not likely to yield a good result to be vague. Instead, many psychological problems may come up when you have a lot of free time on your hands!

Money and inflation

Some statistics that say many of us—including professionals—underestimate the amount of money required to enter retirement. Today, let’s look at how we help our clients discover what will create a meaningful post-retirement journey.

We break up our retirement discovery planning into seven categories. Here are a handful of questions to ask yourself.

Goals and objectives

  • What do you want for your loved ones?
  • What professional obligations are most important to you?


  • How are your assets structured?
  • What are your liabilities?


  • What family relationships are most meaningful to you?
  • What professional relationships would need to be addressed if something were to happen to you?


  • What are your favorite activities?
  • Are there any philanthropic causes that are very important to you?


  • Who is managing your money?
  • What is your banking relationship?
  • Who do you want to work with?


  • How do you prefer communicating with professionals you work with (in person, by phone, by email, etc.)?
  • Who else should be involved in meetings and planning sessions about your wealth?


  • What are your guiding principles?
  • Can you give me an example of an opportunity you turned down for ethical reasons?
Discovery Process

In conclusion

Becoming financially independent, retiring early, is an admirable goal. However, it is a challenge. Be specific about what you want to do once you stop doing what you are doing. Millennials and generation Z may find that they are most happy creating meaning while working. And, with financial independence, you may be able to create meaningful work as well!

Sources verified May, 2024.

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    About the author

    Karl Frank, Certified Financial Planner ®, MSF, MBA, MA, is the President of A&I Financial Services LLC, a local business that specializes in wealth management, insurance planning, and retirement planning. Karl cares for business owners and the businesses that care for them. Learn More about Karl.