Flexibility is Key in Financial Planning

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Retiring early, whether at 44, 46, or 50, signifies financial success despite varying ages being somewhat arbitrary. The distinction between financial failure and success lacks clarity, especially as running out of money brings unavoidable consequences. While asset accumulation is generally straightforward, asset decumulation introduces complexity due to its reliance on market conditions and individual circumstances. Thus, being adaptable in financial strategies is crucial, particularly in navigating unpredictable market fluctuations during retirement.

What would you do if you ran out of money in retirement? It's hard to imagine a scarier outcome, and yet many on the FIRE path may be at risk for this if they get their portfolio withdrawal rate wrong. In this episode, Eric + Jason talk with Karsten Jeske, the creator of the Early Retirement Now blog. Known by many as "Big ERN", he is an economist who is well known to the FIRE community for his extensive work in characterizing safe withdrawal rates (SWR). In this episode, we dig into Karsten's free, powerful SWR Toolbox, and discuss topics including the downsides of FIRE calculators, 100% stock portfolios, the bucket strategy, why dividend investors are wrong, and his own post-FIRE life. If you're interested in FIRE, you can't afford to miss this information-packed episode!

Show notes: https://twosidesoffi.com/swr