• The 25x rule entails saving 25 times an investor's planned annual expenses for retirement.
• Originating from the 4% rule, the 25x rule simplifies retirement planning by focusing on portfolio size.
• For those who are serious about saving that amount, it emphasizes living below one's means, aligning with the principles of the financial independence, retire early (FIRE) movement.
• Advantages include simplicity in calculation and the ability to track progress toward retirement goals.
• Limitations of the 25x rule include neglecting factors like inflation and Social Security benefits.

A partial government shutdown is greatly concerning for many Americans. The March 1, 2024, deadline for Congress to pass a budget is quickly approaching. If a bipartisan spending deal isn’t made, certain federal services will slow or be put on pause.

Retirees in particular may feel the impact of a shutdown. However, there are a few strategies they can use to protect themselves against potential financial problems.

The good news is that a government shutdown will not affect the benefits you paid into during your working years. The money you are currently receiving on a monthly basis will continue as normal.

According to the U.S. Department of the Treasury, Social Security benefits are considered mandatory spending, and the Social Security Act of 1935 requires the U.S. government to provide........

© U.S.News