The Globe and Mail Brenda Bouw Published February 5, 2021
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The stock market fallout during the early days of the COVID-19 pandemic put retirees living off their investment income at risk. That was especially the case for those following the “financial independence, retire early” (F.I.R.E.) movement.
F.I.R.E. investors are largely people in their 30s and 40s who save aggressively and invest early to build up a seven-figure portfolio to retire early or work way less as they get older. Those plans can be thwarted when stock markets tank, as they did last March.