What financial moves would you advise for them

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Question - H. Ashley and Bill are proponents of the FIRE movement (Financial Independence/Retire Early). They are 27 years old and want to retire by the age of 40. They currently have $150,000 in a 401(k), $2000 in savings, pay $2200 a month in rent and own one old car that is paid for. Ashley works in cyber security and makes $75,000 a year. Bill is a network engineer and makes $70,000. Do you think it's realistic for them to retire at 40? Why or why not? What financial moves would you advise for them to have enough money to live on for the rest of their lives if they do retire at the age of 40.

Reference no: EM133129236

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