I am 43, my wife is 41. I am working on my FIRE plan. I would like to be FIRE somewhere in the 50-55 time frame. The problem is that all of our FIRE income is in the form of a 401k, State retirement and SS. All these forms of income by law cannot not kick in until age 59+.
I am aware of the maximizing cutting expenses as much as possible as a piece of FIRE. I also consider SS to be a nice to have, but don't rely on it.
I am assuming for Mustachians, to achieve FIRE pre age 59, it that mean you have to save/invest/own assets that provide income outside of those three previously mentioned income sources.
So if my assumption is right, it would mean to me that I would have to minimize my 401k contributions (Against my tax advisers recommendation) to invest my surplus net income in one or more investments that provide returns outside of tax deferred investments. Rental property, brokerage acct, etc...