If you are trying to determine how much you would need to accumulate for financial independence, or whether you have reached the state of F.I.R.E, your mastery over your spending determines a large part of how much you need. By taking your expenses divided by a certain safe withdrawal rate, you can roughly figure out how much you will need to accumulate. If you give less than accurate expenses or it doesn’t reflect close to your retirement reality, then you will get a less than useful figure to accumulate. In part two of a Retire With Style podcast, Michael Finke returns and explains to us why he split our spending between flexible and inflexible spending. Why does he define spending between these two terms and not other names? The hosts share deep insights on retirees’ spending patterns and the nature of inflation and spending in reality. They also share what...