This chapter examines the effects of retiring in bull versus bear markets and critiques the 4% withdrawal rule due to sequence of returns risk. It also highlights the need for tailored investment strategies while cautioning against oversimplifying complex financial principles.
We're making changes. Here's what we learned and how our FIRE strategies are changing after talking to "Big ERN" Karsten Jeske, an economist, CFA, and safe withdrawal rate expert. In this episode, we review our take-homes from that conversation, and react to comments and feedback we received about the episode. If you missed the original episode, be sure to listen to Episode 40 first.