For many adherents of the Financial Independence, Retire Early movement, also known by the acronym FIRE, the economic and stock-market downturns caused by the coronavirus pandemic are the first test of their strategy. Currently many seem unfazed by the challenge. They are doubling down on their commitment to frugality, large cash reserves and slashing expenses. Some are coming out of retirement to help victims of the coronavirus, and others are ramping up their charitable giving. They are also hoping they can inspire other...

Source: Wall Street Journal April 04, 2020 13:52 UTC