Some of these people come to Rempel for advice. It even has a hip-sounding acronym - FIRE - which stands for “financial independence, retire early.” There is an entire movement dedicated to retiring at a ridiculously young age, according to Ed Rempel, a Toronto financial planner and tax accountant. If, perhaps, you’re wondering who on Earth zeroes in on 40 as their optimal retirement age, the answer is: more people than you might think.
“I always thought it was sad to see people working until their 60s, and then once they retire, they get sick or, worse, they die, so I had this ambition to retire at 40.” “One of my biggest life goals was to be able to quit my job as early as possible,” he said.
